The data published by the US Census Bureau today revealed that retail and food services sail in August rose 0.4% on a monthly basis to $526.1 billion and beat the market expectation for an increase of 0.2%. On a yearly basis, retail sales grew by 4.1%. Total sales for the June 2019 through August 2019 period were up 3.7% from the same period a year ago. The June 2019 to July 2019 percent change was revised from up 0.7% to up 0.8%, the publication further revealed. The initial market reaction helped the USD recover a small portion of its recent losses and the US Dollar Index was last down...

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RECENT NEWS

Initial U.S. jobless claims climbed by 11,000 to a nearly four-month high of 261,000 in the seven days ended Jan. 6. That's the highest level since mid-September and well above the 248,000 forecast of economists surveyed by MarketWatch. The more stable monthly average of claims increased by 9,000 to 250,750, the government said Thursday. Thats the highest level since early October. The...

U.S. wholesale prices fell in December for the first time in more than a year on declining costs for services, a potential sign that inflation pressures are easing in the economy. Producer-price index fell 0.1% m/m (est. 0.2% rise) after 0.4% gain the previous month; first decline since Aug. 2016. PPI rose 2.6% from a year earlier (est. 3%) after 3.1% gain in prior 12-month...

The Australian Bureau of Statistics (ABS) data released today showed consumption as represented by the retail sales rose 1.2 percent month-on-month in September, beating the forecast of 0.4 percent growth by a big margin. The trend estimate rose 0.1% in November 2017. This follows a rise of 0.1% in October 2017 and a relatively unchanged estimate (0.0%) in September 2017. The seasonally...

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

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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