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👤Xinyang
🕔November 30, 2016
News Event
From Trading Economics: New Zealand’s terms of trade decreased 1.8 percent on quarter in the three months to September of 2016, following an upwardly revised 2.5 percent drop in the previous period. Goods export prices went down 2.8 percent, the fourth straight decline in a row, led by falls in the prices of dairy (-3.7 percent), meat (-3.1 percent), and forestry (-4.1 percent).…
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👤Arthur Greene
🕔November 30, 2016
The Organization of Petroleum Exporting Countries (OPEC) has reached a deal among all 14 member countries to curtail oil production for the first time since 2008, the oil-producing cartel announced from its headquarters in Vienna on Wednesday.
OPEC agreed its first oil output cuts since 2008 after Saudi Arabia accepted “a big hit” on its production and dropped its demand on arch-rival Iran to slash output.…
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German Unemployment Falls In November
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👤Arthur Greene
🕔November 30, 2016
German unemployment declined as expected in November, report said citing the Federal Labor Agency on Wednesday. Seasonally-adjusted. The number of people out of work decreased by 5,000 in November from prior month, in line with expectations.
German unemployment declined 5,000 in November following a 13,000 decline the previous month and there has not been an increase in the total for 13 months with a 101,000 decline in unemployment in the last 12 months.…
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👤Xinyang
🕔November 30, 2016
News Event
From Trading Economics: Mortgage applications in the US declined 9.4 percent in the week ended November 25th 2016 from the prior period, following a 5.5 percent rise in the previous week, data from the Mortgage Bankers Association showed. It is the biggest decline in 18 weeks as applications to purchase a home edged down 0.2 percent and refinance applications slumped 16.2 percent.…
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👤Xinyang
🕔November 30, 2016
News Event
From Trading Economics: Portugal’s industrial production fell by 0.5 percent year-on-year in October 2016, following a 1 percent growth the previous month. Manufacturing production dropped for the sixth straight month by 3 percent (from -0.7 percent in September) and mining and quarrying declined by 2.5 percent (from -23.3 percent), the seventh consecutive decrease.…
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Japan’s industrial production rises a little in October
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👤Arthur Greene
🕔November 30, 2016
Japan’s industrial output rose slightly by 0.1 percent in October from the previous month, signaling a moderate growth, official data showed Wednesday. The Japan’s industrial production was slightly stronger than economists forecast in October, as exports compensated for continued weak domestic spending.…
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👤Xinyang
🕔November 29, 2016
News Event
From Trading Economics: Manufacturing production in Chile went down 6.9 percent year-on-year in October of 2016, following a 1.4 percent increase in the previous month and worse than estimates of a 1.0 percent increase. It is the biggest contraction since March of 2010, driven by falling food production (-9.8 percent from +2.7 percent in September), namely frozen salmon and trout after last year’s Calbuco volcano eruption destroyed the biomass.…
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👤Arthur Greene
🕔November 29, 2016
The rise of the service sector in the Canadian economy is a natural process that is leading to high-quality jobs and supporting the return of sustained economic growth, Bank of Canada Governor Stephen S. Poloz said today.
In a speech to the C.D.…
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Germany’s Annual CPI Inflation Rate Remains Thesame
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👤Arthur Greene
🕔November 29, 2016
German inflation unexpectedly remained unchanged in November, data showed on Tuesday, in a sign price pressures are still weak in Europe’s biggest economy, despite an economic upturn spurred by the European Central Bank’s ultra-loose monetary policy.
Consumer prices, measured according to harmonized European Union standards, were unchanged on the month, but 0.7% higher than in November last year, Germany’s Destatis statistics office said Tuesday.…
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👤Arthur Greene
🕔November 29, 2016
Japanese retail sales inched down in October from a year before, falling for the eighth straight month, as consumers remain cautious about spending amid sluggish wage growth, though the decline was smaller than in previous months.
According to the Ministry of Economy, Trade and Industry report, Japanese retail sales went down for an eighth month running in October, however, the fall was much smaller than expected in a sign the economy was showing positive signals in the fourth quarter.…
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