A closely watched measure of U.K. economic activity surged to the highest since 2018 in January, undercutting the case for a Bank of England interest-rate cut next week. IHS Markit's flash index for output across the whole economy jumped to 52.4 as firms cited reduced political uncertainty in the wake of Boris Johnson's decisive election victory. That's up from 49.3 last month and above levels most economists said would be enough to stave off a rate cut on Jan. 30. Investors see the Purchasing Managers Indexes as a key factor in the debate over BOE easing this month, providing the most...
Germany economy took a big step to putting the horrors of 2019 behind it, opening the new year with a pickup in activity and business confidence. IHS Markit's composite Purchasing Managers' Index rose to a five-month high of 51.1 in January, beating forecasts for a reading of 50.5. While manufacturing is still shrinking, the pace of contraction was less severe than economists had predicted. Amid a thawing of U.S.-China trade tensions, the report adds to hopes that Europe's largest economy is through the worst of its slump. A major upturn isnt in the cards for this year, but the...
Ketenagakerjaan Australia melampaui perkiraan untuk bulan kedua pada bulan Desember mendorong tingkat pengangguran ke level terendah sembilan bulan, peningkatan yang sangat dibutuhkan yang dapat mencegah penurunan suku bunga jangka pendek. Dolar lokal (Aussie) naik 0,47% menjadi $ 0,6874 karena pasar memangkas peluang pelonggaran dari Reserve Bank of Australia (RBA) pada pertemuan kebijakan berikutnya pada 4 Februari. Data Kamis menunjukkan 28.900 pekerjaan baru bersih diciptakan pada bulan Desember, mengalahkan perkiraan 15.000 dan di atas kenaikan 38.400 yang sangat kuat pada bulan...
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...
Chinas economy stabilized last quarter after slowing to the slowest pace in almost three decades, as rising demand and easing trade tensions supported sentiment. Gross domestic product rose 6% in the final quarter of 2019 from a year earlier, the same as in the previous three-month period and the median estimate. The worlds second-largest economy expanded by 6.1% in 2019, slower than 6.6% the previous year Industrial output rose 6.9% in December from the same period the previous year, versus the median forecast of 5.9% Retail sales rose 8% versus...
U.S. retail sales strengthened in December,thanks to a late holiday-shopping rush that wrapped up a more-moderate year of spending at the nations merchants. The value of receipts at retailers rose 0.3%, matching the prior months revised gain, and climbed 5.8% from December 2018, Commerce Department figures showed Thursday. Stronger sales occurred in all major categories except motor vehicle dealers. Excluding autos, retail purchases climbed 0.7% from the prior month, the most since July. Closely watched retail œcontrol group sales increased 0.5%, just above...
A report on the health of China™s manufacturing sector improved in September, although it was still below the line indicating contraction.
The manufacturing purchasing...
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...
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 "have to go out and buy much larger tractors,"...