Steady U.S. new-home construction in August together with a jump in permits indicate the housing market was moving ahead before a likely temporary hit from Hurricanes Harvey and Irma, government figures showed Tuesday. Highlights of Housing Starts (August) Residential starts fell 0.8% m/m to a 1.18m annualized rate (est. 1.174m) after upwardly revised 1.19m pace the prior month Single-family home starts rose 1.6% to 851k; multifamily starts, such as apartment buildings and condominiums, fell 6.5% to 329k Permits, a proxy for future construction, rose 5.7% to 1.3m rate (est. 1.22m),...

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Steady U.S. new-home construction in August together with a jump in permits indicate the housing market was moving ahead before a likely temporary hit from Hurricanes Harvey and Irma, government figures showed Tuesday. Highlights of Housing Starts (August) Residential starts fell 0.8% m/m to a 1.18m annualized rate (est. 1.174m) after upwardly revised 1.19m pace the prior...

An unexpected decline in August retail sales and downward revisions to the prior two months indicate Americans tempered their spending during the summer, Commerce Department figures showed Friday. Highlights of Retail Sales (August) Overall sales fell 0.2% (est. 0.1% gain) after a 0.3% increase (prev. 0.6% gain); June sales dropped 0.1% (prev. 0.3% rise) Purchases at auto dealers dropped...

Inflation may finally be getting back on track to reach the Federal Reserves goal, as the U.S. cost of living accelerated following a weak stretch, Labor Department data showed Thursday. Consumer-price index increased 0.4% m/m (est. 0.3% gain) after 0.1% rise the prior month; rose 1.9% y/y (est. 1.8%). Excluding food and energy, so-called core CPI rose 0.2% m/m (matching est.) after...

Filings for jobless benefits in the U.S. unexpectedly settled back last week, underscoring a resilient labor market even as the Atlantic hurricane season introduces added volatility to the figures, Labor Department data showed Thursday. Highlights of Jobless Claims (Week ended Sept. 9) Jobless claims decreased by 14k to 284k (est. 300k, range of est. 240k to 465k) Continuing claims dropped...

The pace of China economic expansion unexpectedly cooled further last month after a lackluster July, as factory output, investment and retail sales all slowed. Industrial output rose 6.0 percent from a year earlier in August, versus a median projection of 6.6 percent and Julys 6.4 percent. Retail sales expanded 10.1 percent from a year earlier, versus a projection of 10.5 percent and...

The official data released this Thursday morning showed the Australian economy added far more jobs in August than expected. Key points Employment Change +54.2K, expected +15.0K, previous +27.9K Unemployment Rate 5.6%, expected 5.6%, previous 5.6% Full Time Employment Change +40.1, previous -19.8K Part Time Employment Change +14.1K, previous 48.2K Participation Rate 65.3%, expected 65.1%,...

Rising U.S. wholesale prices in August reflect the biggest jump in energy costs since January, while underlying inflation remained contained, a Labor Department report showed Wednesday in Washington. Highlights of Producer Prices (August) Producer-price index rose 0.2% m/m (est. 0.3% rise) after 0.1% drop the previous month PPI rose 2.4% y/y after 1.9% gain in prior 12-month...

For British workers, the lowest jobless rate in more than four decades isn't enough to maintain their standard of living. Basic wages rose an annual 2.1 percent in the three months through July, unchanged from the second quarter and below market forecasts, Office for National Statistics figures Wednesday showed. Pay fell 0.4 percent when adjusted for inflation, which is now running just shy of...

ASIA
Japan exports surge at fastest in nearly four years on global demand
Wednesday, 20 September 2017 08:03 WIB Booming shipments of cars and electronics in August drove up Japan's exports at the fastest pace in nearly four years, further evidence that...
UNITED STATES
U.S. Service-Industries Rebound Underpins Third-Quarter Growth
Wednesday, 6 September 2017 21:16 WIB The expansion in service industries in August indicates the biggest part of the U.S. economy regained its footing after a soft month, a survey from...
EUROPE
U.K. Manufacturing Unexpectedly Accelerates to Four-Month High
Friday, 1 September 2017 16:05 WIB U.K. manufacturing expanded at the strongest pace in four months in August, lifted by both export orders and domestic demand. A measure of factory...
GLOBAL ECONOMY

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