Consumers drove the British economy in the third quarter as spending on cars rebounded. Household spending rose 0.6 percent, the fastest pace in a year, the Office for National Statistics said on Thursday. Business investment slowed and net trade acted as a drag on growth. Overall GDP rose an unrevised 0.4 percent, up from 0.3 percent in the previous three months. The ONS said spending was aided by renewed purchases of cars after changes to vehicle excise duty led people to bring forward spending to the first quarter. Services, the largest part of the economy, rose an unrevised 0.4...

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RECENT NEWS

Initial jobless claims, a tool to measure U.S. layoffs, fell by 13,000 to 239,000 in the week ended Nov. 18. Thats below the 240,000 estimate of economists polled by MarketWatch. The more stable monthly average of claims rose 1,250 to 239,750, the government said Wednesday. The number of people already collecting unemployment benefits, known as continuing claims, increased 36,000 to 1.9...

U.S. business equipment orders unexpectedly fell in October for the first time in four months even as a gain in capital goods shipments pointed to steady investment growth, Commerce Department figures showed Wednesday. Highlights of Durable Goods (October) Non-military capital goods orders excluding aircraft declined 0.5% (est. 0.5% gain) after rising an upwardly revised 2.1% the...

Japanese exports rose 14.0% in October from a year ago, helped by strong overseas demand for cars and tools to make semiconductors, data from Japan's finance ministry showed Monday. The gain was largely in line with a 15.5% increase expected by economists polled by The Wall Street Journal. The rise marked the 11th straight monthly improvement in exports on the back of a recovery in the global...

The Commerce Department in U.S. on Friday said October housing starts surged, rising 13.7% to a seasonally adjusted annual rate of 1.29 million. September estimate was revised to 1.135 million. Economists polled by MarketWatch expected a 1.2 million rate. Building permits, a less volatile series, rose 5.9% to 1.3 million. Source : Market Watch

U.S. filings for unemployment benefits rose to a six-week high, a move that may partly owe to volatility around the Veterans Day holiday, Labor Department figures showed Thursday. Jobless claims increased by 10k to 249k (est. 235k). Continuing claims fell by 44k to 1.86m in week ended Nov. 4, lowest since Dec. 1973 (data reported with one-week lag) . Four-week...

U.K. retail sales barely rose in October as food stores saw declines for a second month and clothing dropped the most this year. Once fuel is stripped out, overall sales increased just 0.1 percent from September, when they plunged 0.6 percent, the Office for National Statistics said on Thursday. From a year earlier, they fell 0.3 percent, the first decline in more than four years. On...

Retail sales slowed in October after a sharp gain in the prior month. Sales rose 0.2% in October, better than the MarketWatch forecast of a flat reading. Sales rose a revised 1.9% in September, up from the prior estimate of a 1.6% gain, boosted by post-hurricane spending. Excluding autos, sales rose 0.1% after a 1.2% gain in September. Economists were expecting a 0.2% gain. Sales excluding...

The Empire State index fell 10.8 points to 19.4, moving back from a three-year higj but still pointing to a solid manufacturing environment in the New York area. Any reading above zero indicates improving conditions. The new-orders index rose to 20.4 and shipments fell to 18.4. Source: MarketWatch

ASIA
Australia Sept. Retail Sales Unchanged M/M; Est. 0.4% Gain
Friday, 3 November 2017 07:45 WIB 3Q retail sales excluding inflation rose 0.1% q/q; estimate unchanged. AUD falls to 76.89 U.S. cents at 11:31 a.m. in Sydney compared with 77.15...
UNITED STATES
Empire State index retreats in November from three-year high
Wednesday, 15 November 2017 21:08 WIB The Empire State index fell 10.8 points to 19.4, moving back from a three-year higj but still pointing to a solid manufacturing environment in the...
EUROPE
U.K. Industrial Output Jumps, Construction Shrinks in September
Friday, 10 November 2017 16:55 WIB The U.K. economy ended the third quarter on a mixed note, figures Friday showed. Industrial production rose a larger-than-forecast 0.7 percent in...
GLOBAL ECONOMY

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