Thursday, 28 March 2024
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Thursday, 28 March 2024 19:50 WIB

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...

RECENT NEWS
January Philadelphia Fed Manufacturing Index Rise Less Than Expected, Still Indicating Contraction
Thursday, 18 January 2024 21:00 WIB | Philadelphia EkonomiAmerika Phillyy Fed Index

The Philadelphia Federal Reserve's monthly manufacturing index slightly increased to minus 10.6 in January from a revised minus 12.8 in December, compared with expectations for a larger increase to a reading of minus 6.7 in a survey compiled by Bloomberg as of 7:40 am ET. The index still indicates contraction in the sector, which is in line with the Empire State reading released on Tuesday. There were increases in the readings for new orders, shipments and the number of employees, though all three remained below the breakeven point. The prices paid measure declined but remained positive,...

US Housing Starts Decline While Building Permits Pick Up
Thursday, 18 January 2024 20:52 WIB | EkonomiAmerika New Homes US

Construction of new homes in the US fell for the first time in four months in December, dragged down by a drop in single-family home building. Residential starts decreased 4.3% last month to a 1.46 million annualized rate, government data showed Thursday. Single-family home construction fell by the most since July 2022, following a surge in November, while multifamily projects rose to a five-month high. Building permits, which indicate future construction, increased to a 1.50 million pace. Permits for one-family homes rose to the strongest pace since May...

Jobless Claims Fall Under 200,000 to Lowest Level in 16 Months
Thursday, 18 January 2024 20:44 WIB | Klaim pengangguran AS EkonomiAmerika Jobless Claim US Jobless Claims

Layoffs stay near record low even as hiring slows The number of Americans who applied for unemployment benefits in mid-January fell to 187,000 and touched the lowest level in 16 months, showing that layoffs remain near record lows. New jobless claims declined by 16,000 from a revised 203,000 in the prior week, the government said Thursday. Economists had forecast new claims in the week ending Jan. 13 to total 208,000. People apply for benefits after getting laid off. New claims are still quite low historically even though hiring has tapered off. New jobless claims tend to jump up and...

Australian Jobs Unexpectedly Slump as Unemployment Holds Steady
Thursday, 18 January 2024 07:44 WIB | Ekonomi Australia

Australian employment surprisingly tumbled in December, snapping four straight months of gains, while unemployment remained unchanged as fewer people sought work. The economy shed 65,100 roles versus a forecast 15,000 increase and the participation rate slid to 66.8% from 67.2% in November, Australian Bureau of Statistics data showed Thursday. Unemployment held at 3.9%. The Australian dollar declined 0.2% after the release and swaps traders boosted bets on RBA rate cuts, pricing in about a 55% chance the central bank will lower borrowing costs in August. Stocks pared losses. The...

Retail Sales Jump in December to Cap off Holiday Shopping Season
Wednesday, 17 January 2024 20:52 WIB | Retail Sales Ekonomi AS Retail

Sales at U.S. retailers jumped 0.6% in December to cap off a reasonably robust holiday shopping season, suggesting the economy still has the power to expand. Economists polled by The Wall Street Journal had forecast a 0.4% increase. Taken together, sales in November and December suggest a better-than-expected holiday-shopping season. Retail sales represent about one-third of all consumer spending and usually offer clues on the strength of the economy. Big picture: While still healthy, consumer spending is unlikely to boost gross domestic product — the official scorecard of the U.S....

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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...