Wednesday, 26 June 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
US: Consumer confidence deteriorates in June, USD edges lower...
Tuesday, 25 June 2019 21:20 WIB

The monthly Consumer Confidence Survey published by the Conference Board today revealed that the consumer confidence weakened in June with the headline Confidence Index dropping to 121.5 in June from ...

UK Retail Sales Arrive at -0.5% m/m in May, Meet Estimates...
Thursday, 20 June 2019 15:54 WIB

The UK retail sales came in at -0.5% over the month in May vs. -0.5% expected and -0.1% previous. The core retail sales stripping the auto motor fuel sales stood at -0.3% m/m vs. -0.5% expected and -0...

U.K. Inflation Returns to BOE Target on Air Fares, Car Prices...
Wednesday, 19 June 2019 15:53 WIB

Falling air fares and car prices saw U.K. inflation return to the Bank of England™s target last month. Consumer prices rose 2% from a year earlier, down from 2.1% in April, the Office for Nati...

Retail sales look strong, with a solid gain in May and upward revision to prior month...
Friday, 14 June 2019 19:50 WIB

Reports of the death of the American consumer were greatly exaggerated as the May retail sales data rose at a solid pace and the decline in the prior month was revised to show a gain. Retail sales in...

Australian Employment Rose 42,300 in May; Estimate 16,000 Gain...
Thursday, 13 June 2019 08:50 WIB

Australia central bank ended an almost three-year pause last week, resuming interest rate cuts to try to drive the jobless rate down toward 4.5% -- its new estimate of full employment -- and revive in...

LATEST NEWS
Tokyo stocks open lower on geopolitical worries

Tokyo stocks opened lower on Wednesday, extending falls on Wall Street as investors fled to safe haven assets amid tensions between the US and Iran and ahead of the G20 summit this week. The benchmark Nikkei 225 index was down 0.51 percent or...

Hong Kong Stocks Drop More Than One Percent (Review)

Hong Kong shares fell more than one percent Tuesday, hit by concerns over rising Iran-US tensions and as investors await this week's crucial trade talks between Donald Trump and Xi Jinping. The Hang Seng Index sank 1.15 percent, or 327.02 points,...

Nasdaq catat penurunan beruntun 3 hari pasca Powell menekankan sikap wait-and-see ' pada suku bunga

Saham AS merosot lebih rendah pada Selasa pasca Ketua Federal Reserve Jerome Powell mengatakan bank sentral masih memantau ekonomi untuk tanda-tanda kelemahan dan akan berusaha untuk menghindari reaksi spontan dalam hal pemotongan suku bunga...

POPULAR NEWS
You Can't Be Anything But Bullish On Gold After $1,400 Breaks – Analysts
Monday, 24 June 2019 15:44 WIB

Patience has finally paid off for the gold bull, as demand for the precious metal has pushed prices to levels not seen in nearly six...

Gold notches a third straight session gain, its second above $1,400
Tuesday, 25 June 2019 01:25 WIB

Gold futures climbed sharply on Monday, extending their streak of gains to a third consecutive session. Weakness in the U.S. dollar and 10-year...

Gold Prices Up as U.S.-Iran Conflict Fuels Safe-Haven Demand, Trades Above $1,400
Monday, 24 June 2019 12:57 WIB

Gold prices rose on Monday in Asia and traded above the key $1,400 level amid intensifying conflicts between the U.S. and Iran. Gold futures for...

Gold Continues Rally, Pushing Further Past $1,400
Monday, 24 June 2019 18:59 WIB

Gold prices resumed a push higher on Monday, as flows into the precious metal continued on improved prospects for easier monetary policy from the...