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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RECENT NEWS

The construction sector activity in the UK economy eased more than expected from Novembers five month highs, a fresh report from Markit Economics showed on Wednesday. The final Purchasing Managers' Index (PMI) in the UK retreated to 52.2 points in December, down from 53.1 booked in November and worse than a reading of 52.5 anticipated. Source: FXstreet

U.K. manufacturing growth slowed more than forecast in December, retreating from a four-year high. IHS Markit's Purchasing Managers Index for the industry slid to 56.3, below the median estimate of economists for a reading of 57.9. Still, that pace of expansion left the quarterly average at the highest since early 2014. The survey showed that growth in output, new orders and employment slowed...

Growth in China's manufacturing sector unexpectedly picked up to a four-month high in December as factories cranked up production to meet a surge in new orders, a private business survey showed on Tuesday. The reading suggested surprising resilience in the world's second-largest economy at the end of the year, though it was somewhat at odds with a much larger official survey on Sunday that...

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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