U.S. retail sales missed forecasts calling for an acceleration in November as clothing stores and restaurants posted declines, signaling the economy™s main engine may cool in the fourth quarter by more than previously thought. The value of overall sales climbed 0.2% after an upwardly revised 0.4% increase the prior month, Commerce Department figures showed Friday. The median estimate in a Bloomberg survey called for a 0.5% increase. Sales in the œcontrol group subset increased a below-forecast 0.1% following a 0.3% gain. The measure excludes food services, car dealers,...

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Australias economic growth slowed in the final three months of 2018 as consumption remained subdued and residential construction fell, with government spending being the key support. The currency dropped. Gross domestic product rose 0.2 percent from the third quarter versus the median economists forecast of 0.3 percent; it gained 2.3 percent from a year earlier compared with an...

The rate of growth in the economy's manufacturing sector slowed in February, according to a report released on Friday. The Institute of Supply Management said its manufacturing purchasing managers' index fell to 54.2 in February from 56.6 the previous month. Economists had forecast a reading of 55.5. A reading above 50 for the index indicates expansion in the sector and a reading below 50...

The U.S. economy slowed less than expected in the fourth quarter amid solid consumer and business spending, leaving 2018 growth just shy of the Trump administration's 3 percent annual target. The Commerce Department's gross domestic product (GDP) report on Thursday offered the latest assessment of the impact of President Donald Trump's economic policies, including deregulation, tax cuts,...

Consumer confidence surged in February and rose for the first time in four months, a sign that Americans have regained optimism after the recovery in the U.S. stock market, the end of the government shutdown and diminished worries about recession. The consumer confidence index climbed to 131.4 this month from a revised 121.7 in January, the Conference Board said Tuesday. Economists polled by...

Autos and airplanes boosted orders for U.S. durable goods in December, but demand was weak in other key manufacturing segments and business investment tailed off at the end of the year. Orders for long-lasting goods rose 1.2% in December, according to a government report delayed for more than a month because of the recently ended partial shutdown Economists surveyed by MarketWatch had forecast...

German manufacturing activity grew at the weakest pace in 74-months in February, the latest manufacturing activity report from IHS/Markit research showed this Thursday. The German manufacturing purchasing managers index (PMI) slipped further into contraction territory and arrived at 47.6 versus 49.7 expected and 49.7 previous. Meanwhile, while services PMI climbed to a five-month high level of...

Australian employment surged in January, led by full-time jobs, while unemployment held at 5 percent as more people sought work. Jobs rose 39,100 from December, compared with the median forecast of economists for a 15,000 gain; the unemployment rate held at 5% as expected Full-time jobs climbed 65,400 from a month earlier, while part-time jobs fell 26,300. The participation rate rose to 65.7...

Australia Wage Price Index for Q4 2018 arrived at 0.5% q/q vs the expected 0.6%, which is yet another data input that will weigh on the Aussie. As noted from yesterday's meeting minutes, the RBA Board said that, œTightening labour market conditions were expected to put upward pressure on wages, although to date wages growth in Australia and elsewhere had been slower to pick up than in...

ASIA
China's Factory Outlook Improves More than Expected in September
Monday, 30 September 2019 09:02 WIB A report on the health of China™s manufacturing sector improved in September, although it was still below the line indicating contraction. The...
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
First Phase of US-China Trade Deal Announced
Monday, 16 December 2019 09:09 WIB A trade deal between the United States and China, separately announced Friday by both countries, will be such a boon for American farmers they will...

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