The German economy rebounded in the first quarter after narrowly avoiding recession late last year, led by a strong rise in household consumption and a booming construction sector, the Federal Statistical Office said Thursday. Germany's gross domestic product--the broadest measure of goods and services produced in an economy--expanded 0.4% in the three months through March from the previous quarter, which equals an annualized growth rate of 1.7%. The statistics body said that private consumption surged 1.2% from the fourth quarter, whereas government consumption declined 0.3% after a...

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The rate of growth in the economy's manufacturing sector picked up in March, rebounding from a two-year low hit a month earlier. The Institute of Supply Management said its manufacturing purchasing managers' index rose to 55.3 in March from 54.2 the previous month. February's reading had been its lowest level since November 2016. Economists had forecast a reading of 54.5. A reading above 50...

U.S. retail sales unexpectedly eased in February on declines in grocery stores and building materials, which could potentially reflect cooler weather, though also may signal further headwinds for the economy in the first quarter. The value of overall sales fell 0.2 percent after an upwardly revised 0.7 percent increase the prior month, according to Commerce Department figures released...

China March Caixin manufacturing PMI came in at 50.8 vs. 49.9 expected and 49.9 last, as operating conditions improved for the first time in four months. On Sunday, the purchasing managers' index (PMI) for China's manufacturing sector arrived at 50.5 in March, up from 49.2 in February, the National Bureau of Statistics (NBS) reported. Source : FX Street

The UK GDP second estimate showed that the economy expanded by 0.2% q/q in the fourth quarter of 2018, the same as that seen in the first readout, while matching the consensus forecasts. While on an annualized basis, the UK economys growth rate arrived at 1.4% in Q4, bettering the expectations of 1.3% and up from 1.3% previous reading. Separately, the UK total investment data arrived at...

The economy grew somewhat slower in the final three months of 2018 than it originally appeared, largely because of softer consumer spending and a weaker climate for business investment that's likely to depress growth in the first quarter as well. Gross domestic product, the official scorecard for the economy, expanded at a 2.2% annual pace in the fourth quarter, the government said Thursday....

Consumer confidence fell sharply in March, adding to a recent up-and-down pattern that reflects greater worries about the U.S. economy. The consumer confidence index dropped to 124.1 from 131.4 in February, the Conference Board said Tuesday. Thats the second lowest rate in a year. Economists polled by MarketWatch had forecast a 133 reading. Source: Marketwatch

German manufacturing activity grew at the weakest pace in six years in the month of March, the latest manufacturing activity report from IHS/Markit research showed this Friday. The German manufacturing purchasing managers index (PMI) slipped deeper into contraction territory and arrived at 44.7 versus 48.0 expected and 47.6 previous. Meanwhile, services PMI dropped to a two-month low level of...

The UK retail sales recorded an unexpected growth of 0.4% m/m in February, beating market expectations of -0.4% by a big margin. Meanwhile, while core retail sales stripping the auto motor fuel sales also bettered market expectations and rose 0.2% m/m during the reported month. On an annualized basis, the UK retail sales growth stood at 4.0%, down from 4.2% previous but still better than 3.3%...

ASIA
Japan's Wage Gains Accelerate in November Despite Gloomy Outlook
Wednesday, 9 January 2019 07:18 WIB Japanese wages rose more than expected in November, offering hope of stronger consumer spending that could fuel inflation if gains are...
UNITED STATES
Asian markets closed for holiday
Monday, 31 December 2018 09:15 WIB Financial markets in Indonesia, Japan, the Philippines and South Korea are closed on Monday for a public holiday. AFP
EUROPE
U.K. Wages Grow at Fastest Pace Since 2008 in Tight Labor Market
Tuesday, 22 January 2019 17:09 WIB Britons are enjoying the strongest wage growth since the financial crisis a decade ago as the labor market tightens. Average earnings excluding...
GLOBAL ECONOMY
Trump Says China Will `Reduce and Remove' Car Import Tariffs
Monday, 3 December 2018 12:08 WIB U.S. President Donald Trump said China has agreed to œreduce and remove tariffs on American cars from 40 percent currently. He gave...

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