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 future general activity index moderated but continues to suggest growth over the next six months. Source: Marketwatch

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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...

The upbeat findings broadly echo those of an official gauge of the non-manufacturing sector last week that showed activity accelerated at a faster rate in December than the previous month, reinforcing the view that an expected slowdown in the broader economy would be gradual. The Caixin/Markit services purchasing managers index (PMI) rose to 53.9 in December, from 51.9 in November and the...

U.S. manufacturing expanded in December at the fastest pace in three months, as gains in orders and production capped the strongest year for factories since 2004, the Institute for Supply Management said Wednesday. Highlights of ISM Manufacturing (December) Factory index climbed to 59.7 (est. 58.2) from 58.2 a month earlier; readings above 50 indicate expansion. Gauge of new...

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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