U.K. consumers stayed away from the stores during the key Christmas trading period, despite widespread discounting and a break in the political impasse over Brexit.  The volume of goods sold in stores and online fell 0.6% in December, confounding expectations of a 0.6% increase. Sales excluding auto fuel dropped 0.8%.  The figures, which include Black Friday and Cyber Monday, will stoke speculation that Bank of England policy makers could cut interest rates this month for the first time since the aftermath of the Brexit referendum.  Weak growth and inflation figures this...

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Motoring costs fell last month and the price of computer games jumped, leaving U.K. inflation comfortably below the Bank of Englands 2% target. Consumer-price growth held at a near three-year low of 1.7% in September, the Office for National Statistics said Wednesday. Core inflation accelerated to 1.7% from 1.5% in August. The lack of headline inflation, combined with...

A key measure of U.S. consumer prices rose by less than expected in September as used-car costs fell by the most in a year, likely bolstering the case for the Federal Reserve to cut interest rates for the third time in three months. The core consumer price index, which excludes food and energy, increased 0.1% from the prior month, a Labor Department report showed Thursday, below the...

The UK GDP monthly release showed 0.1% contraction in August versus 0.0% expected and +0.4% previous. Meanwhile, Index of services (August) arrived at +0.4% 3m/3m vs. +0.1% expected and +0.3% last. The Gross Domestic Product released by the National Statistics is a measure of the total value of all goods and services produced by the UK. The GDP is considered as a broad measure of the UK...

U.S. private hiring was less than forecast in September as wage gains cooled, offering a warning that the record-long expansion may be starting to falter even as the jobless rate fell to a half-century low. Private payrolls expanded by 114,000 after an upwardly revised 122,000 advance the prior month, according to a Labor Department report Friday that missed the median estimate...

Service-oriented companies that employ the vast majority of Americans registered the weakest growth in September in three years, adding to a cacaphony of reports showing a broad slowdown in the U.S. economy. The Institute for Supply Management's said its non-manufacturing index fell to 52.6 last month from 56.4 in August. Economists polled by Marketwatch had forecast a 55.3% reading. Numbers...

U.S. private sector hiring slowed more than expected in September a report by a payrolls processor ADP showed Wednesday. Private sector payrolls increased by 135,000, vs 140,000 forecast, prior month revised down to 157,000 from 195,000. Data a day earlier pointing to a shock drop in U.S. factory activity last month fueled concerns that a slowdown in the manufacturing sector could spread to...

A measure of U.S. manufacturing unexpectedly fell deeper into contraction, posting the weakest reading since the end of the last recession as a global slowdown and the U.S.-China trade war increasingly weigh on the sector. The Institute for Supply Managements factory index slipped to 47.8 in September, the lowest since June 2009, according to data Tuesday. The figure missed all...

The UK GDP second estimate showed that the economy contracted by 0.2% q/q in the second quarter of 2019, the same as that seen in the first readout while matching the consensus forecasts. While on an annualized basis, the UK economys growth rate arrived at 1.3% in Q2, beating the expectations of 1.2% and up from 1.2% previous reading. Separately, the UK Total Business Investment data...

ASIA
China's Factory Outlook Improves More than Expected in September
Monday, 30 September 2019 09:02 WIB A report on the health of China™s manufacturing sector improved in September, although it was still below the line indicating contraction. The...
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
First Phase of US-China Trade Deal Announced
Monday, 16 December 2019 09:09 WIB A trade deal between the United States and China, separately announced Friday by both countries, will be such a boon for American farmers they will...

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