Shrinking order books and expectations for a decline in output signal companies in Europe™s largest economy are bracing for a possible recession. German manufacturing shrank for an eighth month in August, barely offset by still-solid services, according to IHS Markit. Overall business confidence declined and orders fell for the third time in four months. A Purchasing Managers™ Index stood at 51.4, close to its lowest level in six years. GDP declined in the April-June period, and persistent signs of weakness in Europe™s powerhouse -- driven in particular by...
Frances private sector unexpectedly gained speed in August as solid performance in services was complemented by a return to growth in manufacturing. IHS Markits Purchasing Managers Index rose to 52.7 from 51.9 in July, defying economists predictions for a slight weakening. The increase was driven by a broad-based pickup in demand, with new orders expanding at the fastest pace since November. Signs of a recovery in Europes second-largest economy, particularly in manufacturing, will be welcome news to policy makers hoping for a growth rebound in the euro area...
Two gauges of manufacturing sentiment held their own in August, according to data released Thursday. The Philadelphia Fed manufacturing index fell slightly to a reading of 16.8 in August from 21.8 in July. Economists had expected a much bigger drop to 11.1, according to Econoday. The Empire State Index, meanwhile inched up at a reading of 4.8 in August from 4.3 in July, the New York Fed said. Economists had expected a reading of 2.5. The index has recovered a bit from a very weak -8.6 reading in June. Any reading above zero indicates improving conditions. What happened: The level of the...
Retail sales grew by more than expected in the US in July. US Dollar Index gains traction on the back of upbeat data. According to the data released by the US Census Bureau on Thursday, retail sales in the United States increased by 0.7% on a monthly basis in July and beat the market expectation of 0.3%. With the initial market reaction, the Greenback gathered strength and the US Dollar Index (DXY) advanced to the 98 handle. Retail sales excluding cars rose 1% in the same period and other data from the US revealed that Initial Jobless Claims rose to 220,000 and came in worse than the...
British retail sales in July grew 3.3% compared to a year ago, according to data released Thursday. Economists polled by FactSet expected a 2.6% rise. The Office for National Statistics said both value and volume rose in July, and department stores saw the first increase this year. Source: marketwatch
Australia's labor market continued to defy gravity in July, adding almost three times the forecast number of jobs, while unemployment remained unchanged as the labor force swelled further. Jobs rose 41,100 from June, compared with economists' forecast of a 14,000 gain; the unemployment rate held at 5.2%, matching estimates Full-time positions jumped 34,500; part-time roles gained 6,700 Participation rate climbed to 66.1%; est. 66% The Aussie dollar rose to 67.69 U.S. cents at 11:38 a.m. in Sydney from 67.58 pre-data; it climbed as high as 67.88 on the report. Source : Bloomberg
Upah Jepang naik lebih dari yang diperkirakan pada bulan November, menawarkan harapan pengeluaran konsumen yang lebih kuat dapat memicu inflasi jika kenaikan berkelanjutan.
Secara keseluruhan,...
The U.S. trade deficit narrowed in April as both exports and imports tumbled, highlighting the impact of President Donald Trump™s tariffs even before negotiations with China unraveled and he...
Output from Germany's private sector remained unchanged in June, as a decline in manufacturing was offset by continued growth in services.
A flash reading of the country's composite Purchasing...
Presiden AS Donald Trump mengatakan China telah setuju untuk "mengurangi dan menghapus" tarif terhadap mobil-mobil Amerika dari 40 persen saat ini.
Dia tidak memberikan rincian lain dalam tweet-nya...