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 UK Consumer Prices Index (CPI) 12-month rate came in at 1.9% in February, up from Januarys 1.8% and bettering the 1.8% 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 1.8% y/y versus 1.9% booked in January while missing the consensus forecast. The monthly figures...

The Office for National Statistics (ONS) showed on Tuesday, the UK's average weekly earnings, excluding bonuses met expectations, arriving at 3.4% 3m y/y versus 3.4% last and 3.4% expected while the gauge including bonuses came in at 3.4% 3m y/y versus 3.4% previous and 3.2% expected. The Kingdoms official jobless rate dropped to 3.9% in January, while the claimant count change showed a...

Australia's central bank is holding fire on interest rates as it awaits a resolution to the divergence between strong hiring and decelerating economic growth. The Reserve Bank said the labor market is "particularly important" to the outlook and reiterated there's considerable uncertainty over consumption, minutes of its March 5 policy meeting released in Sydney Tuesday...

Orders placed with U.S. factories for business equipment rebounded in January by the most in six months, a sign demand is withstanding concerns about slower global growth and the trade war with China.  Non-military capital goods orders excluding aircraft -- a proxy for business investment -- gained 0.8 percent, after a 0.9 percent decline the prior month, according to Commerce...

A key measure of underlying U.S. inflation unexpectedly eased in February amid falling prices for autos and prescription drugs, giving the Federal Reserve more room to stick to its plan for being patient on raising interest rates. Excluding food and energy, the so-called core consumer price index rose 0.1 percent from the prior month and 2.1 percent from a year earlier, according to a...

The U.K. economy rebounded at a stronger-than- expected pace in January following a downbeat end to 2018, Office for National Statistics figures published Tuesday show. Gross domestic product grew 0.5 percent, the biggest monthly gain in more than two years, after it shrank by 0.4 percent in December. It left growth in the latest three months at 0.2 percent, maintaining the pace recorded in the...

U.S. retail sales stabilized in January after a plunge the prior month that was larger than first reported, indicating consumers may still be able to help support growth after a dismal end to 2018. The value of overall sales rose 0.2 percent after a 1.6 percent decrease prior month, Commerce Department figures showed Monday. The median forecast in Bloombergs survey called for an...

The pace of hiring in the U.S. slowed sharply in February as the economy added just 20,000 new jobs, marking the smallest increase in 17 months. The number of new nonfarm jobs created last month was well below the 172,000 MarketWatch forecast, but the slowdown was probably exaggerated by seasonal oddities that are unlikely to persist. The U.S. has been adding more than 200,000 new jobs a month...

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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