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👤Arthur Greene
🕔December 8, 2016
In the week ending December 3, the advance figure for seasonally adjusted initial claims was 258,000, a decrease of 10,000 from the previous week’s unrevised level of 268,000. The 4-week moving average was 252,500, an increase of 1,000 from the previous week’s unrevised average of 251,500.…
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👤Arthur Greene
🕔December 8, 2016
Japan unexpectedly cut its reading of third-quarter economic growth to an annualized 1.3 percent, from a preliminary estimate of 2.2 percent expansion. The revision was driven by drops in business spending and in private inventories.
The gross domestic product (GDP) expanded just 0.3% in July-September and 1.3% annually, the Cabinet Office said on Thursday in a revised estimate.…
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Bank of Canada Keeps Interest Rate Steady At 0.5%
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👤Arthur Greene
🕔December 7, 2016
The Bank of Canada is holding its benchmark interest rate at 0.5 per cent as it sees the stronger world economy continuing to face “undiminished” uncertainty.
The decision was in line with expectations with all major banks expecting rates to be left unchanged at this meeting.…
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👤Arthur Greene
🕔December 7, 2016
A surprise 1.3% drop in production over the month followed a 0.4% decrease in September, according to the Office for National Statistics, and was the biggest monthly fall in four years and is far worse than the 0.2% rise forecast by economists.…
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👤Arthur Greene
🕔December 7, 2016
Australia’s gross domestic product was down a seasonally adjusted 0.5 percent on quarter in the third quarter of 2016, the Australian Bureau of Statistics said on Wednesday.
The third-quarter GDP which fell 0.5 percent q/q, registering the first biggest decline since global financial crises, from up 0.6 percent q/q in the previous quarter.…
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👤Arthur Greene
🕔December 6, 2016
The US goods and services trade deficit for October widened to $42.6bn from a revised $36.2bn for September, which was originally reported as a $36.4bn shortfall. The deficit was the largest for four months and higher than the consensus forecast of $41.7bn.…
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👤Arthur Greene
🕔December 6, 2016
Eurozone economic growth stabilized as initially estimated in the third quarter, data from Eurostat showed Tuesday. Gross domestic product expanded 0.3 percent sequentially in the third quarter, the same pace of growth as seen in the second quarter, while there was a small upward revision in annual growth to 1.7% from the previous estimate of 1.6% and the annual rate has held at 1.7% for the past three quarters.…
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👤Arthur Greene
🕔December 5, 2016
Retail sales in the 19 countries sharing the euro grew by 1.1 percent in October from September, breaking two months of declines, and by 2.4 percent from a year earlier, the European Union’s statistics office Eurostat said on Monday.
There was a 0.2% increase in food sales for the month, while fuel sales decline, but the most notable feature was a strong increase in non-food sales of 2.3% on the month following a 1.2% decline previously.…
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👤Arthur Greene
🕔December 5, 2016
The Institute of Supply Management (ISM) has now released the November Non-Manufacturing Purchasing Managers’ Index (PMI), also known as the ISM Services. The headline Composite Index is at 57.2 percent, a 2.4 percent increase from last month’s 54.8 percent and is its highest since October 2015.…
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👤Arthur Greene
🕔December 5, 2016
The services sector — which includes everything from banking to waitressing — drew a reading of 55.1 in the month, well ahead of October’s 54.5 reading, and even further ahead of the forecast 54.2 growth that economists had predicted.
The pace of expansion eased slightly since October but was still in line with the long-run survey average.…
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