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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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...

Energy and transport costs pushed U.K. inflation back above target last month. Consumer prices rose 2.1% from a year earlier, ending a three- month spell of inflation below the Bank of Englands 2 percent goal, Office for National Statistics figures published Wednesday show. The figure was slightly below the 2.2% forecast by economists. The pickup, from 1.9% in March, was driven by the...

U.S. retail sales unexpectedly declined in April for the second time in three months, weighed down by soft sales of autos and building materials and suggesting consumer spending will remain subdued this quarter. The value of overall sales declined 0.2% after a 1.7% increase the prior month that was the strongest gain since 2017, according to Commerce Department figures released...

Germanys economy emerged from stagnation at the beginning of 2019, returning to growth despite a slump in manufacturing that continues to plague the nation. The figures, showing 0.4% growth, point to some strength across the euro area in the first quarter amid better-than-expected growth in a number of countries. But manufacturing remains weak and the regions outlook...

British workers are enjoying a resurgence of bargaining power as labor shortages leave employers struggling to fill jobs. Basic pay rose an annual 3.3% in the first quarter, close to the fastest pace since 2008, Office for National Statistics figures published Tuesday show. Pay including bonuses rose 3.2%. Wage growth was less than 3% a year ago. The increase came as the number of people in...

According to the monthly inflation report published by the U.S. Bureau of Labor Statistics, the Consumer Price Index (CPI) on a yearly basis in April rose to 2% from 1.9% but fell short of the market expectation of 2.1%. The core CPI, which excludes volatile food and energy prices, came in at 2.1% annually in April. On a monthly basis, the CPI and the core CPI rose 0.3% and 0.1%,...

The Office for National Statistics (ONS) published the UK industrial and manufacturing production data on Friday, with the overall industrial activity showing a solid improvement in the month of March. Manufacturing output arrived at 0.9% m/m in Mar versus 0.2% expectations and 1.0% (revised from 00.9%) booked in Feb, while total industrial output came in at 0.7% vs. 0.1% expected and 0.6%...

The UK GDP first estimate showed that the GDP figures came in at 0.5% q/q in the first quarter of 2019, up from 0.2% seen in the fourth quarter, while matching the consensus forecasts of +0.5%. While on an annualized basis, the UK economys growth rate arrived at 1.8% in Q1, missing the expectations of 1.8% while decelerating from a 1.4% previous figure. Separately, the UK GDP monthly...

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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