The data published by the US Census Bureau today revealed that retail and food services sail in August rose 0.4% on a monthly basis to $526.1 billion and beat the market expectation for an increase of 0.2%. On a yearly basis, retail sales grew by 4.1%. Total sales for the June 2019 through August 2019 period were up 3.7% from the same period a year ago. The June 2019 to July 2019 percent change was revised from up 0.7% to up 0.8%, the publication further revealed. The initial market reaction helped the USD recover a small portion of its recent losses and the US Dollar Index was last down...

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U.K. retail sales unexpectedly increased for a third consecutive month in March, underlying the resilience of consumers in the face of Brexit uncertainty. The volume of goods sold in stores and online jumped 1.1 percent from February, the Office for National Statistics said Thursday. Sales excluding auto fuel increased 1.2 percent. Both measures had been expected to...

The Aussie jobs data has arrived and it has helped the Aussie higher on inline Unemployment Rate and no major changes - Full Time Employment Change was also a big beat. Fulltime Employment (Mar)  48.3K vs  prior - 7.3k Employment Change s.a. (Mar) 15k  vs exp 12.0k and prior 4.6 k (10.7k rev) Part-Time Employment (Mar) - 22.6k  vs prior 11.95 Unemployment Rate s.a. (Mar)...

U.K. inflation unexpectedly stayed below target last month as higher fuel prices were offset by the cost of food and computer games. Annual consumer-price growth remained at 1.9 percent, its third month below the Bank of Englands 2 percent goal, the Office for National Statistics said Wednesday. Core inflation held at 1.8 percent. The figures leave prices rising much more slowly than wages,...

China's YoY GDP figures for the first quarter of 2019 came at +6.4% vs. +6.3% exp and +6.4% previous, with the QoQ reading for Q1 coming in at +1.4% vs. +1.4% exp and +1.5% last. With regards to retail sales YoY, the number arrived at +8.7% vs. +8.4% exp and +8.2% last, with industrial output YoY at +8.5% and +5.9% exp and +5.3% last. Meanwhile, urban investment YoY stood at +6.3% vs. +6.3%...

The U.K. labor market continued its impressive performance in the three months through February as employment jumped and wage growth far outpaced inflation. The number of people in work rose by 179,000 to a record high, keeping unemployment at 3.9 percent, the lowest rate since 1975, the Office for National Statistics said on Tuesday. Basic wages rose 3.4 percent from a year earlier,...

China's exports rebounded in March but imports shrank for a fourth straight month and at a sharper pace, painting a mixed picture of the economy as trade talks with the United States reach their endgame. Investors are hoping for signs of economic recovery in China to temper worries about slowing global growth, after the IMF this week downgraded its 2019 world outlook for the third time. But...

U.S. producer prices rose more than expected in March, according to official data released on Thursday. The Labor Department said its producer price index (PPI) increased 0.3% last month, while the core PPI, which excludes food and energy costs, rose 0.6%. In the 12 months through February, the growth was 2.2% and 2.4%, respectively. The Fed watches this data because higher costs for...

Chinas consumer inflation surged in March on rising food prices, while factory-gate prices rebounded from close to zero. The consumer price index rose 2.3 percent last month from a year earlier after gaining 1.5 percent in February, while factory price growth accelerated to 0.4 percent, according to the National Bureau of Statistics. That compares to estimates of 2.3...

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
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 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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