Investors have been plunged back into a gloomy mood over the German economy on concern the coronavirus outbreak in China will disrupt global trade. ZEW's index of expectations for the next six months decreased to 8.7 in February, below even the most pessimistic estimate in a Bloomberg survey. The poll suggests confidence is fading that Europe's largest economy can stem a manufacturing recession that has lasted more than a year. "Economic development is rather fragile at the moment, ZEW President Achim Wambach said in a statement. The outlook for export-intensive sectors has deteriorated...

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RECENT NEWS

U.S. retail sales stabilized in January after a plunge the prior month that was larger than first reported, indicating consumers may still be able to help support growth after a dismal end to 2018. The value of overall sales rose 0.2 percent after a 1.6 percent decrease prior month, Commerce Department figures showed Monday. The median forecast in Bloombergs survey called for an...

The pace of hiring in the U.S. slowed sharply in February as the economy added just 20,000 new jobs, marking the smallest increase in 17 months. The number of new nonfarm jobs created last month was well below the 172,000 MarketWatch forecast, but the slowdown was probably exaggerated by seasonal oddities that are unlikely to persist. The U.S. has been adding more than 200,000 new jobs a month...

Chinas exports fell in February and imports also weakened due to the Lunar New Year shutdown and continued uncertainty from the trade war. Exports dropped 20.7 percent to $135 billion in February while imports fell 5.2 percent, the customs administration said Friday. Economists forecast both exports and imports would shrink, although not by as much. That left a...

Australia's trade surplus increased to $4.549 billion in January, from $3.769 billion in December. Exports were up five per cent for the month, while imports were up three per cent, the Australian Bureau of Statistics said on Thursday. Market consensus was for the trade balance to drop to a surplus of $2.8 billion. Source : Bloomberg

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...

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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