Orders for durable or long-lasting goods fell sharply in April, mostly because of falling demand for Boeing jets and new cars and trucks. Business investment also continued to weaken, reflecting worries about the China trade fight and a slower U.S. economy. Orders for durable goods ” products meant to last at least three years ” dropped 2.1% in April, the government said Friday. The increase in orders in March was also marked down. Economists surveyed by MarketWatch had forecast a 2.4% decline in new orders. If cars and planes are stripped out, orders were flat. Transportation often...

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RECENT NEWS

U.K. consumers unexpectedly kept up spending last month as retail sales beat economists forecasts. The volume of goods sold in stores and online was unchanged following three consecutive months of gains, the Office for National Statistics said Friday. Expectations were for a 0.3% drop. Sales were boosted by warm weather and a record three-month growth rate for online purchases....

The German economy rebounded in the first quarter after narrowly avoiding recession late last year, led by a strong rise in household consumption and a booming construction sector, the Federal Statistical Office said Thursday. Germany's gross domestic product--the broadest measure of goods and services produced in an economy--expanded 0.4% in the three months through March from the previous...

Energy and transport costs pushed U.K. inflation back above target last month. Consumer prices rose 2.1% from a year earlier, ending a three- month spell of inflation below the Bank of Englands 2 percent goal, Office for National Statistics figures published Wednesday show. The figure was slightly below the 2.2% forecast by economists. The pickup, from 1.9% in March, was driven by the...

U.S. retail sales unexpectedly declined in April for the second time in three months, weighed down by soft sales of autos and building materials and suggesting consumer spending will remain subdued this quarter. The value of overall sales declined 0.2% after a 1.7% increase the prior month that was the strongest gain since 2017, according to Commerce Department figures released...

Germanys economy emerged from stagnation at the beginning of 2019, returning to growth despite a slump in manufacturing that continues to plague the nation. The figures, showing 0.4% growth, point to some strength across the euro area in the first quarter amid better-than-expected growth in a number of countries. But manufacturing remains weak and the regions outlook...

British workers are enjoying a resurgence of bargaining power as labor shortages leave employers struggling to fill jobs. Basic pay rose an annual 3.3% in the first quarter, close to the fastest pace since 2008, Office for National Statistics figures published Tuesday show. Pay including bonuses rose 3.2%. Wage growth was less than 3% a year ago. The increase came as the number of people in...

According to the monthly inflation report published by the U.S. Bureau of Labor Statistics, the Consumer Price Index (CPI) on a yearly basis in April rose to 2% from 1.9% but fell short of the market expectation of 2.1%. The core CPI, which excludes volatile food and energy prices, came in at 2.1% annually in April. On a monthly basis, the CPI and the core CPI rose 0.3% and 0.1%,...

The Office for National Statistics (ONS) published the UK industrial and manufacturing production data on Friday, with the overall industrial activity showing a solid improvement in the month of March. Manufacturing output arrived at 0.9% m/m in Mar versus 0.2% expectations and 1.0% (revised from 00.9%) booked in Feb, while total industrial output came in at 0.7% vs. 0.1% expected and 0.6%...

ASIA
Japan's Wage Gains Accelerate in November Despite Gloomy Outlook
Wednesday, 9 January 2019 07:18 WIB Japanese wages rose more than expected in November, offering hope of stronger consumer spending that could fuel inflation if gains are...
UNITED STATES
Asian markets closed for holiday
Monday, 31 December 2018 09:15 WIB Financial markets in Indonesia, Japan, the Philippines and South Korea are closed on Monday for a public holiday. AFP
EUROPE
U.K. Wages Grow at Fastest Pace Since 2008 in Tight Labor Market
Tuesday, 22 January 2019 17:09 WIB Britons are enjoying the strongest wage growth since the financial crisis a decade ago as the labor market tightens. Average earnings excluding...
GLOBAL ECONOMY
Trump Says China Will `Reduce and Remove' Car Import Tariffs
Monday, 3 December 2018 12:08 WIB U.S. President Donald Trump said China has agreed to œreduce and remove tariffs on American cars from 40 percent currently. He gave...

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