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...
China's exports rebounded in March but imports shrank for a fourth straight month and at a sharper pace, painting a mixed picture of the economy as trade talks with the United States reach their endgame. Investors are hoping for signs of economic recovery in China to temper worries about slowing global growth, after the IMF this week downgraded its 2019 world outlook for the third time. But veteran China watchers had said export gains may be due more to seasonal factors than any sudden turnaround in lackluster global demand, as shipments were expected to jump after long holidays in...
U.S. producer prices rose more than expected in March, according to official data released on Thursday. The Labor Department said its producer price index (PPI) increased 0.3% last month, while the core PPI, which excludes food and energy costs, rose 0.6%. In the 12 months through February, the growth was 2.2% and 2.4%, respectively. The Fed watches this data because higher costs for producers often lead to them passing that cost on to consumers, placing upward pressure on inflation. Source : Investing.com
Chinas consumer inflation surged in March on rising food prices, while factory-gate prices rebounded from close to zero. The consumer price index rose 2.3 percent last month from a year earlier after gaining 1.5 percent in February, while factory price growth accelerated to 0.4 percent, according to the National Bureau of Statistics. That compares to estimates of 2.3 percent and 0.4 percent respectively. Pork prices, a key element in the countrys CPI basket, surged in March as over a million hogs were culled in an outbreak of African swine fever. Chinas...
Growth in U.S. consumer prices showed little variation in March, underlining the case for the Federal Reserve to maintain its current wait-and-see stance. The consumer price index rose 1.9% from a year ago, while core inflation, that excludes volatile food and energy costs, increased 2.0%. That compared to consensus forecasts for them to rise 1.8% and 2.1%, respectively. For the month, the CPI and core CPI were up 0.4% and 0.1%, respectively. The dollar held on to modest losses on the news, while stock index futures remained slightly higher. As the Federal Reserve seeks to maintain core...
The U.K. economy appears to be on course for a stronger-than-forecast first quarter after gross domestic product unexpectedly rose in February, despite the escalating crisis over Brexit. GDP gained 0.2 percent from January, when it jumped 0.5 percent, the Office for National Statistics said Wednesday. Economists had expected output to flat-line. It left the three-month growth rate at 0.3 percent. It means the economy will expand 0.5 percent in the first quarter if GDP is unchanged in March -- more than double the pace of the previous three months. The Bank of England is forecasting...
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,...
Pasar finansial di Indonesia, Jepang, Filipina dan Korea Selatan ditutup pada Senin ini dikarenakan untuk hari libur Nasional.
AFP
Warga Inggris menikmati pertumbuhan upah terkuat sejak krisis keuangan satu dekade lalu seiring pasar tenaga kerja semakin ketat.
Pendapatan rata-rata tidak termasuk bonus terus meningkat 3,3...
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...