China economy continued slowing in the second quarter, with sluggish domestic output and continuing trade tensions pulling growth down to the weakest pace since the early 1990s. Gross domestic product rose 6.2.% in the April-June period from a year earlier, below the 6.4% expansion in the first quarter and matching economists™ estimates. In June, factory output rose 6.3%, retail sales rose 9.8%, while investment gained 5.8% in the first half of the year -- all three beating estimates. The slowdown adds to the pressure Chinese policy makers face as they...
U.S. economic growth last quarter was revised down by less than expected amid stronger consumption and exports than initially reported, suggesting the expansion was on relatively firm footing before President Donald Trump's escalation of the trade war with China. Inflation-adjusted gross domestic product increased at a 3.1% annualized rate in the January-March period, compared with an initially reported 3.2% and analyst estimates for a revision to 3%, Commerce Department data showed Thursday. Consumer spending, which accounts for the majority of the economy, grew 1.3%,...
The main focus is on Private Capital Expenditure where a small decline in expenditure for Q1 2019 was expected on the street. Analysts at ANZ Bank Australia were noting that Business conditions had not recovered since the deterioration in late 2018, while trade tension overseas sows doubt, adding: "Mining capex is nearing the end of its downturn and plans for 2019-20 are upbeat. We expect only a small improvement in non-mining capex plans from the December quarter estimate." The data arrived as follows: Private Capital Expenditure (Q1): -1.7% vs expected 0.5% and vs prior 2.0%. Capex...
Orders for durable or long-lasting goods fell sharply in April, mostly because of falling demand for Boeing jets and new cars and trucks. Business investment also continued to weaken, reflecting worries about the China trade fight and a slower U.S. economy. Orders for durable goods ” products meant to last at least three years ” dropped 2.1% in April, the government said Friday. The increase in orders in March was also marked down. Economists surveyed by MarketWatch had forecast a 2.4% decline in new orders. If cars and planes are stripped out, orders were flat. Transportation often...
U.K. consumers unexpectedly kept up spending last month as retail sales beat economists forecasts. The volume of goods sold in stores and online was unchanged following three consecutive months of gains, the Office for National Statistics said Friday. Expectations were for a 0.3% drop. Sales were boosted by warm weather and a record three-month growth rate for online purchases. Gains in non-store retailing climbed 9.4% in the quarter through April, led by clothing. Record employment and rising real incomes are helping to underpin consumer spending, the largest part of the...
The German economy rebounded in the first quarter after narrowly avoiding recession late last year, led by a strong rise in household consumption and a booming construction sector, the Federal Statistical Office said Thursday. Germany's gross domestic product--the broadest measure of goods and services produced in an economy--expanded 0.4% in the three months through March from the previous quarter, which equals an annualized growth rate of 1.7%. The statistics body said that private consumption surged 1.2% from the fourth quarter, whereas government consumption declined 0.3% after a...
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...