Sunday, 19 January 2020
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Friday, 17 January 2020 16:47 WIB

U.K. consumers stayed away from the stores during the key Christmas trading period, despite widespread discounting and a break in the political impasse over Brexit.  The volume of goods sold in stores and online fell 0.6% in December, confounding expectations of a 0.6% increase. Sales excluding auto fuel dropped 0.8%.  The figures, which include Black Friday and Cyber Monday, will stoke speculation that Bank of England policy makers could cut interest rates this month for the first time since the aftermath of the Brexit referendum.  Weak growth and inflation figures this...

RECENT NEWS
Service side of economy grows at slowest pace in 3 years
Thursday, 3 October 2019 21:31 WIB | ISM AS

Service-oriented companies that employ the vast majority of Americans registered the weakest growth in September in three years, adding to a cacaphony of reports showing a broad slowdown in the U.S. economy. The Institute for Supply Management's said its non-manufacturing index fell to 52.6 last month from 56.4 in August. Economists polled by Marketwatch had forecast a 55.3% reading. Numbers over 50% indicates business conditions are getting better, but the index has fallen 8 points below its postrecession peak of 60.8% achieved last fall. The lackluster results of the ISM's services...

U.S. Private Sector Adds 135,000 Jobs in September
Wednesday, 2 October 2019 19:29 WIB | Ekonomi AS

U.S. private sector hiring slowed more than expected in September a report by a payrolls processor ADP showed Wednesday. Private sector payrolls increased by 135,000, vs 140,000 forecast, prior month revised down to 157,000 from 195,000. Data a day earlier pointing to a shock drop in U.S. factory activity last month fueled concerns that a slowdown in the manufacturing sector could spread to the broader economy. The Labor Department's more comprehensive nonfarm payrolls report on Friday is expected to show jobs growth of 145,000 last month, while the unemployment rate is expected to hold...

U.S. Factory Gauge Sinks to 10-Year Low as Employment Wobbles
Tuesday, 1 October 2019 21:13 WIB | Ekonomi AS Pabrik,

A measure of U.S. manufacturing unexpectedly fell deeper into contraction, posting the weakest reading since the end of the last recession as a global slowdown and the U.S.-China trade war increasingly weigh on the sector. The Institute for Supply Managements factory index slipped to 47.8 in September, the lowest since June 2009, according to data Tuesday. The figure missed all estimates in a Bloomberg survey that had called for an increase from Augusts 49.1. As the groups production gauge slipped to a 10-year low, the employmentmeasure dropped to the...

UK final GDP Contracts 0.2% M/M In Q2, Meets Estimates
Monday, 30 September 2019 15:55 WIB | Ekonomi inggris

The UK GDP second estimate showed that the economy contracted by 0.2% q/q in the second quarter of 2019, the same as that seen in the first readout while matching the consensus forecasts. While on an annualized basis, the UK economys growth rate arrived at 1.3% in Q2, beating the expectations of 1.2% and up from 1.2% previous reading. Separately, the UK Total Business Investment data arrived at -0.4% q/q in Q2 while at -1.4% y/y for the same period. Both the figures came in above the consensus forecasts. Meanwhile, the UK Q2 Current Account deficit stood at GBP -25.20 billion vs. GBP...

China's Factory Outlook Improves More than Expected in September
Monday, 30 September 2019 09:02 WIB | PMI China

A report on the health of Chinas manufacturing sector improved in September, although it was still below the line indicating contraction. The manufacturing purchasing managers index rose to to 49.8, according to data released by the National Bureau of Statistics on Monday. Thats better than the 49.6 forecast in a Bloomberg survey of economists. The non-manufacturing gauge was 53.7, above the 50 level that divides expansion from contraction. A separate PMI focused more on smaller, export-orientated firms due later Monday is forecast to show a slowing...

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ASIA
China's Factory Outlook Improves More than Expected in September
Monday, 30 September 2019 09:02 WIB

A report on the health of China™s manufacturing sector improved in September, although it was still below the line indicating contraction. The manufacturing purchasing...

UNITED STATES
U.S. Trade Deficit Narrows as Exports, Imports Both Plummet
Thursday, 6 June 2019 19:54 WIB

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...

EUROPE
German Services Hold Up Output as Manufacturers Struggle
Friday, 21 June 2019 14:53 WIB

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...

GLOBAL ECONOMY
First Phase of US-China Trade Deal Announced
Monday, 16 December 2019 09:09 WIB

A trade deal between the United States and China, separately announced Friday by both countries, will be such a boon for American farmers they will "have to go out and buy much larger tractors,"...