Germany™s private sector is suffering its worst downturn in almost seven years as a manufacturing slump deepens, raising pressure on the government to add fiscal stimulus. A Purchasing Manager™s Index fell to 49.1 in September from 51.7 a month earlier, according to IHS Markit. The reading was worse than economists predicted and the lowest since October 2012. It™s also the first reading below 50, signaling contraction, since April 2013. The confluence of trade tensions, challenges for the auto industry and looming Brexit are œparalyzing order books in...

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RECENT NEWS

The U.K. labor market continued its impressive performance in the three months through February as employment jumped and wage growth far outpaced inflation. The number of people in work rose by 179,000 to a record high, keeping unemployment at 3.9 percent, the lowest rate since 1975, the Office for National Statistics said on Tuesday. Basic wages rose 3.4 percent from a year earlier,...

China's exports rebounded in March but imports shrank for a fourth straight month and at a sharper pace, painting a mixed picture of the economy as trade talks with the United States reach their endgame. Investors are hoping for signs of economic recovery in China to temper worries about slowing global growth, after the IMF this week downgraded its 2019 world outlook for the third time. But...

U.S. producer prices rose more than expected in March, according to official data released on Thursday. The Labor Department said its producer price index (PPI) increased 0.3% last month, while the core PPI, which excludes food and energy costs, rose 0.6%. In the 12 months through February, the growth was 2.2% and 2.4%, respectively. The Fed watches this data because higher costs for...

Chinas consumer inflation surged in March on rising food prices, while factory-gate prices rebounded from close to zero. The consumer price index rose 2.3 percent last month from a year earlier after gaining 1.5 percent in February, while factory price growth accelerated to 0.4 percent, according to the National Bureau of Statistics. That compares to estimates of 2.3...

Growth in U.S. consumer prices showed little variation in March, underlining the case for the Federal Reserve to maintain its current wait-and-see stance. The consumer price index rose 1.9% from a year ago, while core inflation, that excludes volatile food and energy costs, increased 2.0%. That compared to consensus forecasts for them to rise 1.8% and 2.1%, respectively. For the month, the CPI...

The U.K. economy appears to be on course for a stronger-than-forecast first quarter after gross domestic product unexpectedly rose in February, despite the escalating crisis over Brexit. GDP gained 0.2 percent from January, when it jumped 0.5 percent, the Office for National Statistics said Wednesday. Economists had expected output to flat-line. It left the three-month growth rate at 0.3...

The US economy gained 196K jobs in March, slightly better than expected. February was revised up to 33K from only 20K expected. However, wages are up 0.1% MoM and 3.2% YoY. The unemployment rate is at 3.8% with a drop in participation down to 63%. Private payrolls are up 182K, better than the ADP number that stood at 129K. The U-6 Underemployment Rate is unchanged at 7.3%. The net revision for...

The pace of hiring sped up in March as the U.S. economy added 196,000 jobs, rebounding from a paltry gain in the prior month. The increase in new jobs beat the 172,000 MarketWatch forecast. The jobless rate was unchanged at 3.8%. The average wage paid to American workers rose 4 cents, or 0.1%, to $27.70 an hour. The 12-month rate of hourly wage gains slipped to 3.2% from 3.4%. Hours worked each...

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
U.S. Trade Deficit Narrows as Exports, Imports Both Plummet
Thursday, 6 June 2019 19:54 WIB The U.S. trade deficit narrowed in April as both exports and imports tumbled, highlighting the impact of President Donald Trump™s tariffs...
EUROPE
German Services Hold Up Output as Manufacturers Struggle
Friday, 21 June 2019 14:53 WIB Output from Germany's private sector remained unchanged in June, as a decline in manufacturing was offset by continued growth in services. A flash...
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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