Thursday, 19 September 2019
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
U.S. Business-Equipment Orders Advance by Most in Six Months
Wednesday, 13 March 2019 19:51 WIB | ECONOMY |Ekonomi AS

Orders placed with U.S. factories for business equipment rebounded in January by the most in six months, a sign demand is withstanding concerns about slower global growth and the trade war with China. 

Non-military capital goods orders excluding aircraft -- a proxy for business investment -- gained 0.8 percent, after a 0.9 percent decline the prior month, according to Commerce Department figures released Wednesday. The median forecast in a Bloomberg survey called for a 0.2 percent increase. The broader measure of bookings for all durable goods, or items meant to last at least three years, unexpectedly rose.

The improvement in demand, underscored by orders for machinery and communications equipment, suggests a solid start to the year for manufacturers that should support economic growth in the first quarter. At the same time, other data for February give a more muted picture, with the Institute for Supply Management's factory index falling to a two-year low in February and manufacturers adding the fewest workers since 2017. 

Some figures that are used to calculate gross domestic product also were more encouraging: Shipments of non-military capital goods excluding aircraft rose 0.8 percent after a revised 0.1 percent increase and exceeding the Bloomberg survey median of a 0.2 percent decline. 

Total durable-goods orders, which gained 0.4 percent from December, got a boost from the volatile transportation category, reflecting a 15.9 percent rise in bookings for civilian aircraft and parts. Separate data showed Boeing Co.™s aircraft orders fell in January to less than a quarter of the prior month's total. 

A separate Labor Department report on Wednesday showed the producer price index rose less than forecast in February. The PPI increased 0.1 percent after a 0.1 percent decline in January. That followed data Tuesday showing consumer-price inflation cooled last month, reinforcing the Federal Reserve™s stance of patience on raising interest rates.

Source : Bloomberg

RELATED NEWS
U.K. retail sales slip 0.2% in August...
Thursday, 19 September 2019 15:47 WIB

U.K. retail sales fell 0.2% in August, as the prior month's gain from Amazon Prime Day reversed with a drop in non-store retailing. Economists polled by FactSet had forecast a 0.2% dip. The year-on-ye...

Australia's Unemployment Rises in August...
Thursday, 19 September 2019 08:52 WIB

Australia's unemployment rate rose in August reflecting a slowdown in the economy, and adding to a fast-growing case for interest rates to be cut further in coming months. Unemployment rose to a seas...

U.K. CPI slows more than forecast to 1.7% growth rate...
Wednesday, 18 September 2019 15:50 WIB

U.K. consumer prices slowed to 1.7% year-over-year growth in August from 2.1% in July, the Office for National Statistics said Wednesday. Economists polled by FactSet expected a 1.9% rise. Core CPI sl...

US: Retail sales rose 0.4% in August vs. 0.2% expected...
Friday, 13 September 2019 19:46 WIB

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...

U.S. Core Inflation Picks Up More Than Forecast to One-Year High...
Thursday, 12 September 2019 19:47 WIB

A measure of underlying U.S. inflation accelerated by more than forecast to a one-year high in August, signaling inflation was already firming ahead of fresh tariffs on Chinese goods this month that m...

LATEST NEWS
U.K. retail sales slip 0.2% in August

U.K. retail sales fell 0.2% in August, as the prior month's gain from Amazon Prime Day reversed with a drop in non-store retailing. Economists polled by FactSet had forecast a 0.2% dip. The year-on-year growth rate slowed to 2.7% from...

Gold Holds Drop as Investors Pick Over Fed's Signals on Rates

Gold held a drop after Federal Reserve policy makers offered divergent views on more monetary easing after delivering another rate cut, casting some doubt over a key driver of bullion's surge to a six-year high. After Wednesday's fall, prices...

Hong Kong stocks end with fresh losses

Hong Kong stocks fell for a fourth day in a row Thursday after the Federal Reserve cut interest rates but investors were left guessing about the possibility of more reductions this year. The Hang Seng Index slipped 1.07 percent, or 285.17 points,...

POPULAR NEWS
Gold Settles at a More Than a 1-Week High as Historic Oil Outage Rattles investor Nerves
Tuesday, 17 September 2019 01:34 WIB

Gold futures finished solidly higher on Monday, at their highest price in just over a week, after an attack on Saudi Arabian oil production sent oil...

Gold Notches Second Straight Gain, Adds to Climb Toward 1-Week High
Wednesday, 18 September 2019 01:26 WIB

Gold futures on Tuesday marked a second gain in a row, extending a climb to the highest price in about a week. Traders continued to monitor...

Gold Posts Third Straight Gain Ahead of Fed Policy Decision
Thursday, 19 September 2019 01:07 WIB

Gold posted a third straight gain before the conclusion of the Federal Reserve meeting where policy makers are widely expected to cut interest...

Gold holds steady as focus turns to Fed meeting
Tuesday, 17 September 2019 20:17 WIB

Gold prices were steady on Tuesday as investors adopted a wait-and-see approach ahead of the U.S. Federal Reserve™s two-day monetary policy...