U.S. retail sales missed forecasts calling for an acceleration in November as clothing stores and restaurants posted declines, signaling the economy™s main engine may cool in the fourth quarter by more than previously thought. The value of overall sales climbed 0.2% after an upwardly revised 0.4% increase the prior month, Commerce Department figures showed Friday. The median estimate in a Bloomberg survey called for a 0.5% increase. Sales in the œcontrol group subset increased a below-forecast 0.1% following a 0.3% gain. The measure excludes food services, car dealers,...

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U.S. employers kept adding workers at a healthy pace in July and wage gains picked up, underlining a solid labor market ahead of this week's Federal Reserve interest-rate cut and President Donald Trump's threat to ratchet up tariffs on Chinese goods. Payrolls rose 164,000, almost matching projections, though the two prior months were revised lower, according to a Labor...

The Australian Retails Sales have landed with a mixed picture. "The slow wages growth and soft consumer sentiment even with the RBA rate cut suggest another underwhelming month," analysts at Westpac explained. For Q2 inflation-adjusted sales, they looked for a 0.3%qtr rise, in line with consensus. "This compares to -0.1%qtr in Q1 but bear in mind that the retail sales survey captures only a...

U.S. manufacturing activity deteriorated in July to an almost three-year low, dragged down by slower production and shaky export markets that help explain the Federal Reserve's decision to reduce interest rates on Wednesday. The Institute for Supply Management's index eased to 51.2 last month from 51.7 in June, according to data released Thursday. Figures above 50 signify expansion,...

China July Caixin manufacturing PMI was released at with expectations for a near steady reading of 49.5 following yesterday's 49.7 in the official survey. The data arrived as follows: 49.9 vs that 49.5 - which is another positive for the Aussie ahead of next week's RBA. About The Caixin China Manufacturing PMI The Caixin China Manufacturing PMI, released by Markit Economics, is based on...

Hiring at companies accelerated in July for a second month, according to a private report, underscoring a sturdy job market thats helping drive the longest expansion in U.S. history. Private payrolls increased by 156,000 after a revised 112,000 gain in June, according to ADP Research Institute data released Wednesday. The July advance was slightly better than estimates in a Bloomberg...

July Chinese manufacturing PMI was anticipated to edge up to 49.6  but to remain below 50 for the 3rd month while the non-manufacturing PMI likely declined from 54.5. The data has arrived mostly in line with expectations but is key for the AUD/USD today ahead of the Federal Reserve and the Aussie Consumer Price Index. New orders, overseas sales and output all declined in previous months...

Pending home sales rose in June, with activity particularly brisk in the western part of the U.S., a trade group said Tuesday. The National Association of Realtors said pending home sales climbed 2.8%, with gains in each of the four major regions, including a 5.4% jump in the West. Compared to 12 months ago, sales rose 1.6%, the first year-over-year gain in 17 months. The NAR attributed the...

U.S. economic growth slowed in the second quarter by less than forecast as consumer spending topped estimates, though weaker business investment and exports underscored the risks spurring the Federal Reserve toward an interest-rate cut next week. Gross domestic product expanded at a 2.1% percent annualized rate, according to Commerce Department data Friday that topped forecasts...

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
Trump Mengatakan China Akan `Mengurangi dan Mengeluarkan' Tarif Impor Kendaraan
Monday, 3 December 2018 12:08 WIB Presiden AS Donald Trump mengatakan China telah setuju untuk "mengurangi dan menghapus" tarif terhadap mobil-mobil Amerika dari 40 persen saat...

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