Shrinking order books and expectations for a decline in output signal companies in Europe™s largest economy are bracing for a possible recession. German manufacturing shrank for an eighth month in August, barely offset by still-solid services, according to IHS Markit. Overall business confidence declined and orders fell for the third time in four months. A Purchasing Managers™ Index stood at 51.4, close to its lowest level in six years. GDP declined in the April-June period, and persistent signs of weakness in Europe™s powerhouse -- driven in particular by...

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RECENT NEWS

Falling air fares and car prices saw U.K. inflation return to the Bank of Englands target last month. Consumer prices rose 2% from a year earlier, down from 2.1% in April, the Office for National Statistics said Wednesday. Core inflation slowed to 1.7% from 1.8%. Air fares, which surged in an Easter-related boost in April, fell 5.2% in May compared with a 10% increase a year earlier....

Reports of the death of the American consumer were greatly exaggerated as the May retail sales data rose at a solid pace and the decline in the prior month was revised to show a gain. Retail sales increased 0.5% in May, with broad-based gains, the Commerce Department said Friday. Economists polled by MarketWatch had forecast a solid 0.7% gain. There was a big rise in auto sales, but the even...

Australia central bank ended an almost three-year pause last week, resuming interest rate cuts to try to drive the jobless rate down toward 4.5% -- its new estimate of full employment -- and revive inflation. The statistics bureau released the data in Sydney on Thursday. Unemployment rate 5.2%; est. 5.1%. Full-time jobs rose 2,400. Part-time jobs rose 39,800. Participation rate 66.0%; est....

The data published by the U.S. Bureau of Labor Statistics on Wednesday revealed that inflation, as measured by the Consumer Price Index (CPI), fell to 1.8% in May from 2% in April and fell short of the market expectation of 1.9%. With the initial reaction, the US Dollar Index extended its losses and was last down 0.1% on the day at 96.63. On a monthly basis, Further details of the report showed...

Australia debt-laden households responded more with concern than enthusiasm to the Reserve Banks interest-rate cut, according to surveys conducted since last weeks move. Westpac Banking Corp.s consumer sentiment index fell 0.6% in June, while Australia & New Zealand Banking Group Ltd.s weekly report showed a 2% drop, the lenders said Wednesday. Westpac...

The Office for National Statistics (ONS) showed on Tuesday, the UK's average weekly earnings, excluding bonuses, bettered expectations, arriving at 3.4% 3m y/y in April versus 3.3% last and 3.1% expected while the gauge including bonuses came in at 3.1% 3m y/y in April versus 3.3% previous and 3.0% expected. The Kingdom's official jobless rate steadied at 3.8% in April, while the claimant count...

The Office for National Statistics (ONS) published the UK industrial and manufacturing production data on Friday, with the overall industrial activity showing sluggishness in the month of April. Manufacturing output arrived at -3.9% m/m in Apr versus 0.2% expectations and 0.9% booked in Mar, while total industrial output came in at -2.7% vs. 0.1% expected and 0.7%...

The U.S. created just 75,000 new jobs in May and employment gains in the prior two months were scaled back, offering more evidence that the economy is slowing. The unemployment rate was flat at 3.6%. The increase in new jobs was way below the 185,000 MarketWatch forecast. The average wage paid to American workers rose 6 cents, or 0.2%, to $27.83 an hour. Yet the 12-month rate of hourly wage...

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
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
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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