Sales at gas stations, car dealers and internet stores such as Amazon rose in October, but most other retailers posted weak results just before the start of the critical holiday shopping season. Retail sales increased 0.3% last month, the government said Friday, matching the forecast of economists polled by MarketWatch. The increase in sales was concentrated in just a few segments, however. If autos and gasoline are excluded, sales rose a scant 0.1%, with almost all of that gain coming from internet retailers. Source : Market Watch

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RECENT NEWS

Consumer confidence in January fell to 120.2 vs 126.6 in prior month. Forecast range 119.0 to 129.0 from 55 estimates. Present situation confidence fell to 169.6 vs 169.9 last month. Consumer confidence expectations fell to 87.3 vs 97.7 last month. Source : Bloomberg

Australia added more jobs than forecast in December and unemployment fell back to 5 percent as the labor market withstands a plunge in property prices. Jobs rose 21,600 from November, beating the median forecast of economists for an 18,000 gain; the unemployment rate fell to 5% versus an estimated 5.1%. Full-time employment fell 3,000; part-time jobs increased by 24,600. Source...

Japan exports fell for the second time in four months in December as weakening demand from China and trade-war risks cloud the outlook. The value of exports declined 3.8 percent from a year earlier, according to the finance ministry. Economists had forecast a 1.8 percent drop. The latest sign of fragility in Japans exports comes as Bank of Japan policy makers meet Wednesday to give...

Britons are enjoying the strongest wage growth since the financial crisis a decade ago as the labor market tightens. Average earnings excluding bonuses continued to increase an annual 3.3 percent in the three months through November and unemployment fell to 4 percent, matching the lowest since 1975, the Office for National Statistics said Tuesday. Separate figures showed the budget deficit...

China economy expanded at the slowest pace since the global financial crisis, as a domestic financial clean-up, weakening global demand and trade conflict with the U.S. all dampened momentum. Gross domestic product rose 6.4 percent in the fourth quarter from a year earlier, matching economists estimates, and compared with 6.5 percent in the previous three-month period. In December,...

The UK retail sales contracted 0.9% over the month in December, missing market expectations by a small margin while core retail sales stripping the auto motor fuel sales also dropped 1.3% m/m. On an annualized basis, the UK retail sales fell 3.0% in December versus 3.6% expected while the core retail sales also declined 2.6% in the reported month versus 3.5% previous and 3.9%...

The UK Consumer Prices Index (CPI) 12-month rate came in at 2.1% in December, down from Novembers 2.3% and meeting the 2.1% print expected, the UK Office for National Statistics (ONS) reported on Wednesday. Meanwhile, the core inflation gauge (excluding volatile food and energy items) arrived at 1.9% y/y versus 1.8% booked in November while bettering the consensus forecast of 1.8%. The...

The wholesale cost of U.S. goods and services posted the biggest decline in December in five months, another sign that lower gasoline prices have eased inflationary pressures in the economy The producer price index dropped 0.2% last month. Economists polled by MarketWatch had predicted a 0.1% decline. The increase in wholesale inflation over the past year was unchanged at 2.5%. The 12-month...

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
Trump Mengatakan China Akan `Mengurangi dan Mengeluarkan' Tarif Impor Kendaraan
Monday, 3 December 2018 12:08 WIB Presiden AS Donald Trump mengatakan China telah setuju untuk "mengurangi dan menghapus" tarif terhadap mobil-mobil Amerika dari 40 persen saat...

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