U.S. consumer sentiment unexpectedly fell to the lowest level in almost a year amid less favorable views on purchasing big-ticket items and persistent concerns about trade tensions, a University of Michigan report showed Friday.  Sentiment index decreased to 95.3 (est. 98) from prior month™s 97.9; lowest since Sept., below all analyst estimates. Current conditions gauge, which measures Americans™ perceptions of their finances, fell to 107.8 from 114.4 in July; 6.6-point drop is biggest since Aug. 2011. Expectations measure unchanged at 87.3 . Expected change...

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RECENT NEWS

U.K. retail sales bounced back strongly in July as warmer weather and extended discounts at stores encouraged shoppers to open their wallets. Sales gained 0.7 percent from June, compared with a median estimate of a 0.2 percent gain in a Bloomberg survey. The increase was led by online sales, food and clothing, according to data from the Office for National Statistics in London. Excluding auto...

The Australian Bureau of Statistics (ABS) dropped Australia's latest Unemployment Rate and Employment Change figures for July, with the seasonally-adjusted Unemployment Rate hitting 5.3%, and the m/m Employment Change missing expectations to print at a -3.9 thousand contraction against the forecast +15 thousand. Key highlights (via ABS) The seasonally adjusted number of persons employed...

U.S. retail sales rose by more than forecast in July as Americans snapped up clothes and headed to restaurants, extending solid consumer-spending gains to the start of the third quarter. The value of overall sales advanced 0.5 percent from June, whose gain was revised down to 0.2 percent, Commerce Department figures showed Wednesday. The median forecast of economists surveyed by...

U.K. inflation accelerated for the first in eight months in July, boosted by the cost of auto fuel, transport tickets and computer games. Annual consumer-price growth quickened to 2.5 percent from 2.4 percent in June, as economist forecast, figures from the Office for National Statistics Wednesday show. The Bank of England had predicted inflation would pickup to 2.6 percent in July before...

Australian wages rose at a seasonally-adjusted rate of 0.6%, though some quarters of Australia noted still-sluggish growth in wages through the year. Key quotes (via BS) The seasonally adjusted Wage Price Index (WPI) rose 0.6 per cent in June quarter 2018 and 2.1 per cent through the year, according to figures released today by the Australian Bureau of Statistics (ABS). Seasonally adjusted,...

U.K. unemployment dropped to a new 43-year low in the three months through June but the pace of wage growth eased. The jobless rate stood at 4 percent, the least since February 1975, the Office for National Statistics said on Tuesday. Economists had expected it to stay at 4.2 percent. The decline helps to explain why the Bank of England increased interest rates this...

U.S. consumer prices rose in July, with a gauge excluding food and fuel costs posting the biggest annual gain since 2008, underpinning expectations that the Federal Reserve will raise interest rates next month. The consumer-price index rose 0.2 percent from June after a 0.1 percent month-on-month gain the prior month, a Labor Department report showed Friday. That matched the...

The U.K. economy bounced back from its turgid start to the year in the second quarter but the dominant services sector lost momentum toward the end of the period. Gross domestic product increased 0.4 percent between April and June, in line with the median forecast in a Bloomberg survey, figures from the Office for National Statistics Friday showed.  In June alone, output gained just 0.1...

ASIA
Japan June core CPI rises 0.8 pct yr/yr
Friday, 20 July 2018 07:40 WIB Japan's core consumer prices rose 0.8 percent in June from a year earlier, government data showed on Friday. The core consumer price index, which...
UNITED STATES
ISM services index in July falls to 11-month low
Friday, 3 August 2018 21:23 WIB The Institute for Supply Management said Friday that its non-manufacturing index fell to 55.7% in July, an 11-month low, from 59.1%. Economists...
EUROPE
U.K. Services Weaken to Three-Month Low on Brexit Worries
Friday, 3 August 2018 15:57 WIB The U.K. services sector grew at a slower pace than forecast in July as the economy kicked off the third quarter on a 'disappointing' note. IHS...
GLOBAL ECONOMY
Jobless claims cling near 45-year low
Thursday, 2 August 2018 19:56 WIB Initial jobless claims, a tracker of sorts for layoffs in the U.S., crept higher at the end of July but clung near a half-century low. New claims...

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