U.S. retail sales missed forecasts calling for an acceleration in November as clothing stores and restaurants posted declines, signaling the economy™s main engine may cool in the fourth quarter by more than previously thought. The value of overall sales climbed 0.2% after an upwardly revised 0.4% increase the prior month, Commerce Department figures showed Friday. The median estimate in a Bloomberg survey called for a 0.5% increase. Sales in the œcontrol group subset increased a below-forecast 0.1% following a 0.3% gain. The measure excludes food services, car dealers,...

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U.S. private sector hiring slowed more than expected in September a report by a payrolls processor ADP showed Wednesday. Private sector payrolls increased by 135,000, vs 140,000 forecast, prior month revised down to 157,000 from 195,000. Data a day earlier pointing to a shock drop in U.S. factory activity last month fueled concerns that a slowdown in the manufacturing sector could spread to...

A measure of U.S. manufacturing unexpectedly fell deeper into contraction, posting the weakest reading since the end of the last recession as a global slowdown and the U.S.-China trade war increasingly weigh on the sector. The Institute for Supply Managements factory index slipped to 47.8 in September, the lowest since June 2009, according to data Tuesday. The figure missed all...

The UK GDP second estimate showed that the economy contracted by 0.2% q/q in the second quarter of 2019, 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 1.3% in Q2, beating the expectations of 1.2% and up from 1.2% previous reading. Separately, the UK Total Business Investment data...

A report on the health of Chinas manufacturing sector improved in September, although it was still below the line indicating contraction. The manufacturing purchasing managers index rose to to 49.8, according to data released by the National Bureau of Statistics on Monday. Thats better than the 49.6 forecast in a Bloomberg survey of economists. The non-manufacturing gauge...

The data published by the United States (US) Census Bureau today showed that new orders for manufactured goods in August increased $0.5 billion, or 0.2%, to $250.7 billion. This reading came in better than the market expectation for a decline of 1% but failed to help the Greenback preserve its strength. As of writing, the US Dollar Index was down 0.13% on the day at 99.08. "Excluding...

According to the monthly report published by the Conference Board, the consumer confidence in the US deteriorated in September with the Consumer Confidence Index slumping to 1251 in September and missing the market expectation of 133.5. Furthermore, August's reading of 135.1 got revised down to 134.2. With the initial market reaction, the Greenback came under modest selling pressure and the US...

Germanys private sector is suffering its worst downturn in almost seven years as a manufacturing slump deepens, raising pressure on the government to add fiscal stimulus. A Purchasing Managers Index fell to 49.1 in September from 51.7 a month earlier, according to IHS Markit. The reading was worse than economists predicted and the lowest since October 2012. Its also...

The Philadelphia Federal Reserve's manufacturing index fell to 12.0 in September after registering a reading of 16.8 in August. Any reading above zero indicates improving conditions. Economists polled by MarketWatch expected a reading of 10.0. The indexes for general activity and new orders fell, while the indexes for shipments and employment increased, the Philly Fed said. The survey's...

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
Trump Mengatakan China Akan `Mengurangi dan Mengeluarkan' Tarif Impor Kendaraan
Monday, 3 December 2018 12:08 WIB Presiden AS Donald Trump mengatakan China telah setuju untuk "mengurangi dan menghapus" tarif terhadap mobil-mobil Amerika dari 40 persen saat...

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