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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RECENT NEWS

The Office for National Statistics (ONS) showed on Tuesday, the UK's average weekly earnings, excluding bonuses met expectations, arriving at 3.4% 3m y/y versus 3.3% last and 3.4% expected while the gauge including bonuses came in at 3.4% 3m y/y versus 3.4% previous and 3.5% expected. The Kingdom's official jobless rate steadied at 4.0% in Dec, while the claimant count change showed a...

U.K. retail sales rose at their fastest pace in six months in January as consumers flocked to snap up cut-price clothing. Excluding auto fuel, the volume of goods sold in stores and online rose 1.2 percent from December, when they fell 1 percent in a Black Friday hangover, the Office for National Statistics said Friday. Total sales grew 1 percent. The figures were boosted by clothing sales,...

China's producer price index (PPI) rose 0.1 percent year-on-year in January, the weakest pace since September 2016 and slowing from the previous month's 0.9 percent increase, the National Bureau of Statistics (NBS) said on Friday. Analysts polled by Reuters had expected producer inflation would cool to 0.2 percent. The consumer price index (CPI) rose 1.7 percent in January from a year earlier,...

Sales at U.S. retailers fizzled in December and posted the biggest decline in nine years, according to a long-delayed government report. Retail sales sank 1.2% in December, the U.S. Census Bureau said Thursday. Its the largest drop since September 2009, a few months after the end of the Great Recession. Economists polled by MarketWatch expected sales to be flat. Sales fell in every retail...

The producer price index fell 0.1% in January largely because of lower energy prices, the latest evidence of waning inflation. Economists polled by MarketWatch had predicted a 0.1% gain. The increase in wholesale inflation over the past year slowed to 2% from 2.5%. Wholesale prices rose in January for services and warehousing, but another decline in gasoline mostly offset those increases. Gas...

China's exports unexpectedly accelerated last month in a possible sign of solid external demand for Chinese goods, official data released on Thursday showed. The country's exports surged 9.1% from a year earlier in January, reversing a 4.4% decline in December, according to data from the General Administration of Customs. Economists polled earlier by The Wall Street Journal expected the value...

Japan's economy rebounded modestly in the final three months of 2018 as domestic demand fueled growth following natural disasters in the previous quarter. Gross domestic product expanded an annualized 1.4 percent in the three months through December, following the biggest contraction since 2014 in the disaster-hit third quarter, according to a Cabinet Office report Thursday. The result...

According to the monthly report published by the U.S. Bureau of Labor Statistics, inflation, as measured by the Consumer Price Index (CPI) stayed unchanged for the second month in a row December and the annual rate fell to 1.56 from 1.9%. Meanwhile, the core CPI, which excludes volatile food and energy prices, rose 0.2% and 2.2% on a monthly and yearly basis, respectively. 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
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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