Wednesday, 13 November 2019
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
German economy contracts as export engine stutters
Wednesday, 14 August 2019 13:24 WIB | ECONOMY |PDB EropaGDP

The German economy shrank in the second quarter, dragged down by a slump in exports, preliminary data showed on Wednesday, as manufacturers in Europe's largest economy are hit by weaker foreign demand and trade disputes.

Gross domestic product (GDP) fell 0.1% quarter-on-quarter after a confirmed growth rate of 0.4% in the first three months of the year, the Federal Statistics Office said.

The reading for the April-June period was in line with a Reuters poll of analysts.

The annual growth rate slowed to 0.4% in the second quarter from 0.7% in the previous quarter, calendar-adjusted data showed. This beat the analysts' poll of +0.1%.

Source : Investing.com

RELATED NEWS
U.K. Avoids Recession But Ends Third Quarter on Weak Footing...
Monday, 11 November 2019 16:54 WIB

Britain dodged a recession ahead of the now-postponed Oct. 31 Brexit deadline, providing an election boost for Prime Minister Boris Johnson. The economy grew 0.3% between July and Sept...

U.S. Services Growth Exceeds Expectations in Broad Advance...
Tuesday, 5 November 2019 22:11 WIB

U.S. service industries expanded more thanforecast in October after tumbling to a three-year low as measures of employment, orders and business activity improved, indicating stable but moderate growth...

US: IMP Manufacturing Recovered 48.3 in October, Missed Market Estimate of 48.9...
Friday, 1 November 2019 21:23 WIB

The Institue for Supply Management (ISM) on Friday reported that the economic activity in the manufacturing sector in the US continued to contract in October with the Purchasing Managers' Index (PMI) ...

Non-Farm Payrolls beats 128K, significant upward revision USD surges...
Friday, 1 November 2019 20:04 WIB

The US economy has gained 128,000 jobs in October, substantially better than expected. Moreover, it comes on top of an upward revision to September's figures “ 180,000 against 136,000 reported initi...

Caixin Manufacturing PMI: 51.7 vs Expectations of 51.0...
Friday, 1 November 2019 09:04 WIB

The Oct Caixin-sponsored manufacturing PMI, which was expected around 51 following yesterday's NBS measures that showed declines in both the manufacturing and non-manufacturing measures, has arrived a...

LATEST NEWS
Nikkei drops as Trump offers mixed signals on China trade deal

Japanese shares slipped on Wednesday after U.S. President Donald Trump left investors on tenterhooks as they await details on progress in negotiations with China to end a lingering trade war that has rattled the global economy. The Nikkei share...

Gold Rises From Three-Month Low on Trump Tariff Threat

Gold advanced from a three-month low as investors weighed President Donald Trump™s latest comments on a U.S.-China trade deal with the general improvement in risk appetite. Spot gold +0.2% to $1,458.50/oz at 9:38am in Singapore. Price...

Oil Falls for a Third Day After Trump Damps Trade-Deal Optimism

Oil fell for a third day as President Donald Trump failed to provide any fresh details on progress toward a limited U.S.-China trade deal. Futures dropped as much as 0.4% in New York after losing 0.8% over the previous two sessions. Phase one of...

POPULAR NEWS
Gold falls to three-month low as demand for haven assets wanes
Tuesday, 12 November 2019 01:53 WIB

Gold futures settled firmly lower Monday, driving the yellow metal to the weakest level level in about three months. December gold concluded the...

Gold prices dip on upbeat appetite for riskier assets
Wednesday, 13 November 2019 02:28 WIB

Gold slipped on Tuesday to its lowest in more than three months on increased appetite for riskier assets, while U.S. President Donald Trump failed...

Gold Rebounds as Trade Dispute in Focus, Stocks Drop
Monday, 11 November 2019 16:03 WIB

Gold advanced after its biggest weekly drop in three years as investors parsed the latest developments in the U.S.-China trade conflict. Spot gold...

Asia shares turn sluggish ahead of Trump speech
Tuesday, 12 November 2019 07:50 WIB

Asian share markets got off to a sluggish start on Tuesday amid uncertainty over both the Sino-U.S. trade talks and the domestic political situation...