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

U.K. manufacturers posted a seventh consecutive month of expansion in November as sectors from food producers to makers of games and sports equipment increased output. Factory output rose 0.4 percent from October, the Office for National Statistics said Wednesday. Overall industrial production also increased 0.4 percent, with a drop in temperatures boosting demand for energy. Separate figures...

Chinas factory inflation slid to the lowest level since November 2016 last month amid slowing output and higher year-ago base comparisons. The producer price index rose 4.9 percent in December from a year earlier, versus a projected 4.8 percent rise in a Bloomberg survey and 5.8 percent in November. The consumer price index climbed 1.8 percent, the statistics bureau said...

America's service industries expanded in December at the weakest pace in four months as orders cooled at companies that make up the bulk of the economy, a survey from the Institute for Supply Management showed Friday. Highlights of ISM Non-Manufacturing (December) Non-manufacturing index fell to 55.9 (est. 57.6) from 57.4; readings above 50 indicate growth. New orders gauge dropped...

The U.S. created 148,000 jobs in December, the slowest pace in three months. Economists polled by MarketWatch had predicted a 198,000 increase in nonfarm jobs. The unemployment rate remained steady at 4.1% for the third straight month. Worker pay increased 2.5% from December 2016 to December 2017, up from 2.4% in the prior month. The average workweek was flat at 34.5 hours. October and...

According to Eurostat's flash reading of Eurozone CPI report, the annual reading arrived a tad weaker at 1.4% in December, coming in line with expectations. Meanwhile, the core figures edged slightly higher to 1.1% in the reported month, beating expectations of a 1.0% reading. Source: FXstreet

The numbers: Initial jobless claims, a tool to measure layoffs, rose 3,000 to 250,000 in the seven days ended Dec. 30, the Labor Department said Thursday. Economists surveyed by MarketWatch had forecast first-time claims for unemployment benefits in the period to total 240,000. Claims in the prior week were revised to a gain of 2,000 to 247,000, from the original estimate that they were flat at...

Companies added 250,000 workers to U.S. payrolls in December, data from the ADP Research Institute showed Thursday. The gain reported by ADP was larger than the 190,000 median projection in a Bloomberg survey of economists. The prior month was revised to a 185,000 advance from 190,000. Source: Bloomberg

The services sector activity in the UK economy rebounded sharply and surprised markets to the upside in December, a fresh report from Markit Economics showed on Thursday. The services PMI jumped to 54.2 in December versus a 53.8 reading booked in November. Markets predicted an expansion to 53.8 last month. Key Points: Sharper rise in business activity in December. New order growth eases to a...

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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