The United States' Gross Domestic Product (GDP) grew at an annual rate of 3.4% in the fourth quarter, the US Bureau of Economic Analysis (BEA) said in its final estimate on Thursday. The BEA reported in its previous estimate that the real GDP growth was 3.2%. "The update primarily reflected upward revisions to consumer spending and nonresidential fixed investment that were partly offset by a downward revision to private inventory investment," the BEA explained in the press release. Market reaction The US Dollar Index (DXY) showed no immediate reaction and was last seen rising 0.25% on the...
There were 210,000 initial jobless claims in the week ending March 23, the weekly data published by the US Department of Labor (DOL) showed on Thursday. This print followed the previous week's print of 212,000 (revised from 210,000) and came in better than the market expectation of 215,000. Further details of the publication revealed that the advance seasonally adjusted insured unemployment rate was 1.2% and the 4-week moving average stood at 211,000, a decrease of 750 from the previous week's revised average. "The advance number for seasonally adjusted insured unemployment during the week...
Australian retail sales moderated in February despite Taylor Swift-driven demand, as households remained cautious about their finances with inflation still elevated and interest rates at a 12-year high. Sales rose 0.3% from the prior month, falling short of an estimated 0.4% gain, Australian Bureau of Statistics data showed Thursday. The outcome follows a 1.1% jump in January helped by major tennis and cricket tournaments. The retail report comes a day after data showed Australian inflation was steady in February, when economists had predicted a slight acceleration. The...
Australian inflation was steady for a third straight month in February, supporting the Reserve Bank's decision to keep interest rates unchanged at a 12-year high last week. The consumer price indicator advanced 3.4% from a year earlier, slightly less than economists' estimates of 3.5% and matching January's reading, Australian Bureau of Statistics data showed on Wednesday. When excluding volatile items, the annual rise eased to 3.9% from January's 4.1%, still well above the RBA's 2-3% target band. The Australian dollar moved lower and was trading at 65.24 US cents at 11:34 am from...
Consumer sentiment in the US retreated to three-month lows at 104.7 for the month of March according to the Conference Board. Following three consecutive months of improvements, the index came in short of expectations and receded to three-month lows in March. From the press release, "The Present Situation Index—based on consumers' assessment of current business and labour market conditions—increased to 151.0 in March from 147.6 in February. Meanwhile, the Expectations Index—based on consumers' short-term outlook for income, business, and labour market conditions—fell to 73.8, down from 76.3...
Japan's inflation hit 3% for the first time in over three decades excluding the impact of tax hikes, an acceleration that adds to the doubts over the need for continued central bank stimulus. The...
Defisit perdagangan A.S. menyempit pada bulan April karena ekspor dan impor turun, menyoroti dampak dari tarif Presiden Donald Trump bahkan sebelum negosiasi dengan China terurai dan ia mengancam...
U.K. consumer prices accelerated well beyond the Bank of England's target for a second month, propelled by the global disruption in supply chains that pushed up transport costs. Consumer prices...
Australian inflation eased from 33-year highs in the first quarter as the cost of living saw the smallest rise in more than a year, while core inflation dipped below forecasts suggesting less...