Retail sales in Germany declined unexpectedly for a second consecutive month in July, latest figures published by the Federal Statistical Office revealed Friday. Sales dropped 1.4 percent month-on-month on a calender and seasonally adjusted basis in July, in contrast to expectations for a 0.6 percent increase. This was the second consecutive drop and followed a 0.8 percent fall in June.
Inflation, unemployment and economic confidence from euro area are due on Friday, headlining a hectic day for the European economic news.
Confidence among British consumers climbed to its highest level in almost four years in August as the economy gathered momentum, the results of a survey by
market research group GfK NOP revealed Friday. Meanwhile, the British
Chambers of Commerce, or BCC, upgraded its growth outlook for the economy, citing stronger-than-expected performance in the
second quarter.
Industrial output in Japan gained a seasonally adjusted 3.2 percent in July compared to the previous month, the Ministry of Economy, Trade and Industry said on Friday - reversing the previous month's contraction. That missed forecasts for an increase of 3.6 percent following the 3.1 percent decline...
Industrial production in South Korea eased a seasonally adjusted 0.1 percent in July compared to the previous month, Statistics Korea said on Friday. That was in line with expectations following the upwardly revised 0.6 percent increase in June (originally reported as 0.4 percent). On a yearly...
The total number of building permits issued in New Zealand in July dipped a seasonally adjusted 0.8 percent compared to the previous month, Statistics New Zealand said on Friday. The headline figure was well shy of forecasts for an increase of 1.3 percent following the 4.0 percent contraction in June. Among...
The dollar has added to its gains from the previous session against its major competitors on Thursday. A series of weaker than expected U.S. economic reports earlier in the week, coupled with concerns over a potential U.S.-led military response to the use of chemical weapons in the Syrian conflict has...
Reflecting revisions to imports and exports, the Commerce Department released a report on Thursday showing that the U.S. economy grew by more than previously estimated in the second quarter. The report said GDP increased by 2.5 percent in the second quarter, reflecting an upward revision from the advance estimate of 1.7 percent growth.
First-time claims for U.S. unemployment benefits showed a modest decrease in the week ended August 24th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims edged down to 331,000, a decrease of 6,000 from the previous week's revised figure of 337,000.
Indonesia's central bank decided to hike its key interest rate by half a percentage point in an unscheduled move to stabilize the second worst performing currency in Asia. Bank Indonesia on Thursday raised its benchmark interest rate to 7.00 percent from 6.50 percent.
German companies scaled back their hiring for the first time in three months in August. Nonetheless, the unexpected decline was caused by summer holiday and the jobless rate remained stable near two-decade low. The number of people out of work increased unexpectedly by 7,000 in August from the previous month, the Federal Labor Agency said Thursday.
Unemployment and consumer prices from Germany are due on Thursday, headlining a busy day for the European economic news.
The Philippine economy expanded more than expected in the second quarter, supported by the country's resilient service sector, government data showed Thursday. However, the pace of growth was weaker than that in the preceding quarter. The gross domestic product grew 7.5 percent year-on-year in the second quarter, the National Statistical Coordination Board said.
The Indian rupee gained ground against the U.S. dollar on Thursday, as the
Reserve Bank of India announced that it would sell dollars to oil firms through a special window, as part of its latest attempt to prop up the currency. In a notification released on Wednesday, the central announced the opening...
The dollar is currently rising against both the Euro and the Japanese Yen on Wednesday, but is losing ground against the pound sterling. The losses against
the British currency are due to comments made by Mark Carney during his first speech as head of the Bank of England. However, the gains against the...
No comments:
Post a Comment