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...
The economy grew somewhat slower in the final three months of 2018 than it originally appeared, largely because of softer consumer spending and a weaker climate for business investment that's likely to depress growth in the first quarter as well. Gross domestic product, the official scorecard for the economy, expanded at a 2.2% annual pace in the fourth quarter, the government said Thursday. GDP was marked down from an initial 2.6% estimate. What's more, adjusted pretax corporate profits fell slightly in the fourth quarter, marking the first decline in almost two years. Even after the...
Consumer confidence fell sharply in March, adding to a recent up-and-down pattern that reflects greater worries about the U.S. economy. The consumer confidence index dropped to 124.1 from 131.4 in February, the Conference Board said Tuesday. Thats the second lowest rate in a year. Economists polled by MarketWatch had forecast a 133 reading. Source: Marketwatch
German manufacturing activity grew at the weakest pace in six years in the month of March, the latest manufacturing activity report from IHS/Markit research showed this Friday. The German manufacturing purchasing managers index (PMI) slipped deeper into contraction territory and arrived at 44.7 versus 48.0 expected and 47.6 previous. Meanwhile, services PMI dropped to a two-month low level of 54.9 as against previous months reading of 55.3 and 54.8 anticipated. The IHS Markit Flash Germany Composite Output Index hit 69-month lows of 51.5 in March, down from 52.8 booked in...
The UK retail sales recorded an unexpected growth of 0.4% m/m in February, beating market expectations of -0.4% by a big margin. Meanwhile, while core retail sales stripping the auto motor fuel sales also bettered market expectations and rose 0.2% m/m during the reported month. On an annualized basis, the UK retail sales growth stood at 4.0%, down from 4.2% previous but still better than 3.3% expected, and the core retail sales eased to 3.8% versus 4.1% previous. Source : FXstreet
Australia's central bank is under increasing pressure to resume interest-rate cuts after a 2-1/2 year hiatus; it has used the strength of the labor market -- strong hiring and low unemployment -- to resist those calls. If employment holds up, then the RBA will retain its room to maneuver. But if it weakens over several months -- the data's volatility suggests one reading would be insufficient -- then policy makers are likely to have little choice but to ease. The statistics bureau released the data in Sydney on Thursday. Unemployment rate 4.9%; est. 5%. Full-time jobs fell 7,300. Part-time...
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...