Consumer price growth in Tokyo moderated while staying well above the central bank's inflation target, keeping authorities on track to consider more interest increases after they hiked earlier this month for the first time since 2007. Prices excluding fresh food rose 2.4% in March in the capital, slowing slightly from 2.5% in February, the ministry of internal affairs said Friday. The reading matched economists' estimates. Tokyo's figures serve as a leading indicator of the national data to be announced April 19. The consumer inflation data for Japan's capital come...
A measure of New York state factory activity unexpectedly expanded in June, surging by the most in three years, as orders and shipments rebounded. The Federal Reserve Bank of New York's general business conditions index increased 38.4 points to 6.6, data showed Thursday. A reading above zero indicates growth, and the figure exceeded all but one forecast in a Bloomberg survey of economists. The report showed inflation pressures continue to ease. Gauges of both prices paid and received by state manufacturers fell to levels "not materially different" than what...
The number of people who applied for unemployment benefits last week was unchanged at 262,000, leaving it at the highest level since October 2021 and pointing to some softness in a muscular U.S. labor market. Unemployment claims typically begin to rise when the economy is deteriorating and a recession is approaching. They've increased since the beginning of the year but are still extremely low. The elevasted levels of jobless claims last week suggests the labor market is losing some of its strength. The Federal Reserve would like to see job openings and hiring decline further to ease the...
US retail sales unexpectedly rose in May, showcasing resilient consumer demand in the face of mounting economic challenges. The value of retail purchases climbed 0.3% after a 0.4% gain in April, Commerce Department data showed Thursday. Excluding autos and gasoline, sales were up 0.4%. The figures aren't adjusted for inflation. The median estimate in a Bloomberg survey of economists called for total sales to fall 0.2%. Sales at 10 out of 13 retail categories advanced last month, reflecting greater spending on building materials and cars. While the figures came in stronger...
China's economic recovery weakened in May as growth in industrial output and retail sales slowed, putting pressure on policymakers to step up stimulus. Industrial production rose 3.5% in May from a year earlier, the National Bureau of Statistics said Thursday, in line with the median estimate in a Bloomberg survey of economists. Retail sales climbed 12.7%, missing the median estimate of a 13.7% increase. Growth in fixed-asset investment slowed to 4% in the first five months of the year, weaker than forecasts of a 4.4% uptick. The urban jobless rate was...
Australian employment massively outpaced expectations in May and unemployment surprisingly fell, bolstering bets that the Reserve Bank will raise interest rates further. Employers added 75,900 roles from a month prior, driven by full-time positions, compared with a median estimate for a 17,500 gain, Australian Bureau of Statistics data showed Thursday. The jobless rate declined to 3.6%. The Australian dollar advanced following the release, trading at 67.81 US cents from 67.69 cents just prior. While the RBA's 12 hikes over the past year are slowing demand in the economy,...
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...