Friday, 29 March 2024
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Friday, 29 March 2024 19:54 WIB

The Federal Reserve's preferred gauge of underlying inflation cooled last month after an even bigger January increase that initially reported. The so-called core personal consumption expenditures price index, which strips out the volatile food and energy components, increased 0.3% from the prior month, data out Friday showed. That followed a 0.5% reading in January, marking the biggest back-to-back gain in a year. From a year ago, it advanced 2.8%. Economists consider the core to be a better gauge of underlying inflation than the overall index. That metric rose...

RECENT NEWS
Australia's Economy Cools as Aggressive Rate Hikes Take Toll
Wednesday, 7 June 2023 08:59 WIB | Ekonomi Australia

Australia's economy slowed in the first three months of the year as the Reserve Bank's aggressive policy tightening weighed on household spending and construction, while accelerating labor costs underlined the nation's inflation challenge. Gross domestic product advanced 0.2% from three months earlier, coming in below economists' estimates for a 0.3% gain, Australian Bureau of Statistics data showed Wednesday. From a year earlier, the economy grew 2.3%, slowing from a downwardly revised 2.6%.  The result is unlikely to surprise policy makers who are predicting a substantial...

US Services Activity Nearly Stalls as Price Gauge Slides
Monday, 5 June 2023 21:09 WIB | Ekonomi AS

The US service sector nearly stagnated in May as business activity and orders downshifted, while a measure of prices paid slid to a three-year low. The Institute for Supply Management's overall gauge of services fell to 50.3, the weakest level this year, from 51.9 in April, according to data out Monday. The May reading was barely above 50, which separates growth and contraction, and weaker than all estimates in a Bloomberg survey of economists. The business activity index, which parallels the ISM factory output index, fell for a fourth month to a three-year low of 51.5. Combined...

Euro Zone Business Growth Slowed in May as Factories Struggled-PMI
Monday, 5 June 2023 15:52 WIB | Ekonomi Eropa

Euro zone business activity was shored up last month by the bloc's dominant services industry offsetting a deepening decline in the manufacturing sector, according to a survey which also showed overall price pressures had abated. HCOB's final Composite Purchasing Managers' Index (PMI), compiled by S&P Global (NYSE:SPGI) and seen as a good gauge of overall economic health, fell to a three-month low 52.8 in May from April's 54.1. While still comfortably above the 50 mark separating growth from contraction it was below a preliminary estimate for 53.3. "Relatively resilient services...

Swiss Underlying Inflation Measure Slows Below SNB's 2% Ceiling
Monday, 5 June 2023 13:44 WIB | Infation

A measure of underlying inflation in Switzerland slowed more than expected to below the central bank's ceiling, giving comfort to officials trying to ensure consumer prices stay under control.  The so-called core gauge, which strips out volatile elements like energy and food, fell to 1.9% in May, down from 2.2% the previous month. Headline inflation also slowed markedly, coming in at 2.2%, matching the median estimate in a Bloomberg survey. On the month, overall prices increased 0.3% because of higher costs for housing rentals, package holidays and several food...

Payrolls Rose 339,000 In May, Much Better Than Expected In Resilient Labor Market
Friday, 2 June 2023 19:38 WIB | Ekonomi AS Non-Farm Employment Payroll AS

The U.S. economy continued to crank out jobs in May, with nonfarm payrolls surging more than expected despite multiple headwinds, the Labor Department reported Friday. Payrolls in the public and private sector increased by 339,000 for the month, better than the 190,000 Dow Jones estimate and marking the 29th straight month of positive job growth. The unemployment rate was at 3.7% against the estimate for 3.5%, just above the lowest level since 1969. Source : CNBC

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ASIA
Japan's Inflation Hits 3%, Adding to Doubts Over BOJ's Stance
Friday, 21 October 2022 08:28 WIB

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...

UNITED STATES
Defisit Perdagangan A.S. Menyempit Setelah Ekspor, Impor Turun
Thursday, 6 June 2019 19:54 WIB

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...

EUROPE
U.K. Inflation Above Target for Second Month Before BOE Decision
Wednesday, 20 October 2021 14:09 WIB

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...

GLOBAL ECONOMY
Australia inflation eases in Q1, likely past the peak
Wednesday, 26 April 2023 08:49 WIB

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...