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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U.S. manufacturing closed out a tumultuous yearwith the weakest monthly performance since the end of the recession, with orders shrinking and factories continuing to dial back production. The Institute for Supply Management's purchasing managers' index fell to 47.2 in December from 48.1, the fifth straight month of contraction and missing estimates for a rise in a Bloomberg survey of...

China's factory activity expanded at a slower clip in December, pulling back from a three-year high the previous month as new orders softened, a private survey showed on Thursday. But production continued to grow at a solid pace and business confidence shot up amid thawing trade tensions with the United States, offering some support for the cooling economy. Beijing and Washington agreed last...

Consumer confidence in the US weakened slightly in December with the Conference Board's Consumer Confidence Index falling to 126.5 from November's revised reading of 126.8. Further details of the publication showed that the Present Situation Index improved in December but the Expectations Index fell to 97.4 from 100.3. Commenting on the data, 'while consumers' assessment of current conditions...

China's manufacturing purchasing managers' index (PMI) bettered expectations to remain in the expansion territory for the second month in a row in December. The PMI for China's manufacturing sector came in at 50.2 in December, matching November's print and beating the estimate of 50.1, the National Bureau of Statistics (NBS) said Tuesday. The PMI for non-manufacturing came in at 53.5, missing...

The economy in the Midwest improved in December for the second month in a row, but the region is still suffering from a trade war with China that's hurt farmers and manufacturers, according to a regional survey. The Chicago Purchasing Management Index rose to 48.9 this month from a revised 46.2 in November and 43.2 in October. The October reading was the weakest since the end of 2015. Although...

The U.K. economy grew more strongly than previously estimated in the third quarter on the back of the dominant services sector, figures published Friday showed. Gross domestic product rose 0.4% instead of 0.3%, the Office for National Statistics said. Economists had expected growth to remain unrevised. It means the economy easily avoided a recession after a hangover from Brexit stock building...

British shoppers kept a tight grip on their wallets last month as retail sales grew at their slowest annual pace since April 2018 amid uncertainty about Brexit and December's election. Thursday's figures from the Office for National Statistics were collected before Black Friday sales promotions, but the ONS said it was confident the slowdown in year-on-year sales growth to 1.0% in November from...

Australian unemployment unexpectedly declined in November as the labor market persisted in defying slower economic growth, validating the central banks decision to pause interest rate reductions. Employment jumped 39,900 last month, compared with economists estimatesof a 15,000 gain, data from the Australian Bureau of Statistics showed Thursday. The jobless rate fell to 5.2% compared...

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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