A closely watched measure of U.K. economic activity surged to the highest since 2018 in January, undercutting the case for a Bank of England interest-rate cut next week. IHS Markit's flash index for output across the whole economy jumped to 52.4 as firms cited reduced political uncertainty in the wake of Boris Johnson's decisive election victory. That's up from 49.3 last month and above levels most economists said would be enough to stave off a rate cut on Jan. 30. Investors see the Purchasing Managers Indexes as a key factor in the debate over BOE easing this month, providing the most...

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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...

A key measure of U.S. inflation was little changed in December while falling energy prices dragged down the broader gauge, giving the Federal Reserve little urgency to raise interest rates soon as it signals a more cautious approach in 2019.  Excluding food and energy, the so-called core consumer price index rose 2.2 percent from a year earlier for a second month and...

The U.K. economy continued to lose momentum in the three months through November as manufacturing slumped. Growth slowed to 0.3 percent from 0.4 percent in the period through October, the Office for National Statistics said Friday.  In November alone, gross domestic product grew 0.2 percent. Source : Bloomberg

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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