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) published the UK industrial and manufacturing production data on Monday, with the overall industrial activity showing terrible results in the month of December. Manufacturing output arrived at -0.7% m/m in Dec versus 0.2% expectations and -0.1% (revised from -0.3%) booked in Nov, while total industrial output came in at -0.5% vs. 0.2% expected and -0.3%...

The UK GDP first estimate showed that the GDP figures came in at 0.2% q/q in the fourth quarter of 2018, down from 0.6% seen in the third quarter, while matching the consensus forecasts. While on an annualized basis, the UK economys growth rate arrived at 1.3% in Q4, missing the expectations of 1.4% while decelerating from a 1.5% previous figure. Source: FXstreet

German exports rose in December compared with November, according to official data, possibly offering some relief amid mounting concern about a slowdown in both the eurozone and its largest economy. The Federal Statistical Office said Friday that exports increased 1.5% from the month before while imports rose 1.2%, with both figures taking into account seasonal swings and calendar effects. The...

The economic outlook in the euro area looks like it might be going from bad to worse. The 19-nation region has had a poor start to 2019: disappointingly weak indicators keep rolling in, the list of one-off growth inhibitors is getting longer, and a slew of institutions are downgrading their forecasts. Now, the blocs executive sees œsubstantial risks -- a change in tone that goes beyond...

German manufacturing orders slumped in December, led by a sharp drop in orders from outside the eurozone. The Federal Statistical Office said Wednesday that total manufacturing orders declined 1.6% from November, while economists polled by The Wall Street Journal had expected a 0.3% rise. Commenting on the weak result, the economics ministry said "the dry spell in German industry" appears to...

U.S. service industries began 2019 on a softer note as a gauge of new orders dropped sharply in January to a one-year low, though a gain in employment signaled support for demand. The Institute for Supply Managements non-manufacturing index fell 1.3 points to 56.7, the lowest since July and below the 57.1 median estimate of economists, a report Tuesday showed. While the gauge...

Australia's consumption, as represented by retail sales, dropped sharply in the month of December, missing estimates, the Australian Bureau of Statistics (ABS) reported on Tuesday. The retail sales arrived at -0.4 percent month-on-month, compared to the forecast of -0.1 percent and down from previous month's reading of 0.4 percent. December Key Points (via ABS) Current Prices The trend...

A gauge of U.S. factories rose in January from a two-year low as measures of new orders and production snapped back following steep declines the prior month, indicating a more stable outlook for manufacturing at the start of 2019. The Institute for Supply Management index unexpectedly rose to 56.6, exceeding all economist estimates in Bloomberg's survey and rebounding after...

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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