U.K. consumers stayed away from the stores during the key Christmas trading period, despite widespread discounting and a break in the political impasse over Brexit.  The volume of goods sold in stores and online fell 0.6% in December, confounding expectations of a 0.6% increase. Sales excluding auto fuel dropped 0.8%.  The figures, which include Black Friday and Cyber Monday, will stoke speculation that Bank of England policy makers could cut interest rates this month for the first time since the aftermath of the Brexit referendum.  Weak growth and inflation figures this...

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RECENT NEWS

Australia's consumption, as represented by retail sales, dropped sharply in the month of December, missing estimates, the Australian Bureau of Statistics (ABS) reported on Tuesday. The retail sales arrived at -0.4 percent month-on-month, compared to the forecast of -0.1 percent and down from previous month's reading of 0.4 percent. December Key Points (via ABS) Current Prices The trend...

A gauge of U.S. factories rose in January from a two-year low as measures of new orders and production snapped back following steep declines the prior month, indicating a more stable outlook for manufacturing at the start of 2019. The Institute for Supply Management index unexpectedly rose to 56.6, exceeding all economist estimates in Bloomberg's survey and rebounding after...

The U.S. gained 304,000 new jobs in January in another show of strength for the economy, though hiring at the end of 2018 wasn't nearly as robust as originally reported. Economists polled by MarketWatch had expected a gain of 172,000 nonfarm jobs. The unemployment rate edged up tp 4% from 3.9%. The Labor Department said the government shutdown had no "discernible" impact on net hiring, but it...

Australia's annual core inflation held below the lower end of the central bank's target, suggesting interest rates will remain on hold. Quarterly trimmed-mean inflation, the key core measure, rose 0.4% vs an estimated 0.4%; annual trimmed-mean advanced 1.8% vs a forecast 1.8% The consumer price index, or headline inflation, climbed 0.5% from the previous quarter vs estimate of 0.4%;...

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...

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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