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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Australia's trade surplus increased to $4.549 billion in January, from $3.769 billion in December. Exports were up five per cent for the month, while imports were up three per cent, the Australian Bureau of Statistics said on Thursday. Market consensus was for the trade balance to drop to a surplus of $2.8 billion. Source : Bloomberg

Australias economic growth slowed in the final three months of 2018 as consumption remained subdued and residential construction fell, with government spending being the key support. The currency dropped. Gross domestic product rose 0.2 percent from the third quarter versus the median economists forecast of 0.3 percent; it gained 2.3 percent from a year earlier compared with an...

The rate of growth in the economy's manufacturing sector slowed in February, according to a report released on Friday. The Institute of Supply Management said its manufacturing purchasing managers' index fell to 54.2 in February from 56.6 the previous month. Economists had forecast a reading of 55.5. A reading above 50 for the index indicates expansion in the sector and a reading below 50...

The U.S. economy slowed less than expected in the fourth quarter amid solid consumer and business spending, leaving 2018 growth just shy of the Trump administration's 3 percent annual target. The Commerce Department's gross domestic product (GDP) report on Thursday offered the latest assessment of the impact of President Donald Trump's economic policies, including deregulation, tax cuts,...

Consumer confidence surged in February and rose for the first time in four months, a sign that Americans have regained optimism after the recovery in the U.S. stock market, the end of the government shutdown and diminished worries about recession. The consumer confidence index climbed to 131.4 this month from a revised 121.7 in January, the Conference Board said Tuesday. Economists polled by...

Autos and airplanes boosted orders for U.S. durable goods in December, but demand was weak in other key manufacturing segments and business investment tailed off at the end of the year. Orders for long-lasting goods rose 1.2% in December, according to a government report delayed for more than a month because of the recently ended partial shutdown Economists surveyed by MarketWatch had forecast...

German manufacturing activity grew at the weakest pace in 74-months in February, the latest manufacturing activity report from IHS/Markit research showed this Thursday. The German manufacturing purchasing managers index (PMI) slipped further into contraction territory and arrived at 47.6 versus 49.7 expected and 49.7 previous. Meanwhile, while services PMI climbed to a five-month high level of...

Australian employment surged in January, led by full-time jobs, while unemployment held at 5 percent as more people sought work. Jobs rose 39,100 from December, compared with the median forecast of economists for a 15,000 gain; the unemployment rate held at 5% as expected Full-time jobs climbed 65,400 from a month earlier, while part-time jobs fell 26,300. The participation rate rose to 65.7...

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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