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👤Arthur Greene
🕔November 22, 2016
Sales at U.S. retail stores rebounded in September, with auto dealers and gas stations racking up the biggest gains, in a sign consumers are still spending enough to keep the economy on a slow but steady growth path.
Retail sales rose 0.6 percent, in line with economists’ expectations, but would have been flat without the increased purchases of cars and parts.…
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👤Arthur Greene
🕔November 22, 2016
British manufacturers reported their healthiest order books in November since before the Brexit vote and they are their most confident about the near-term outlook in nearly two years, an industry survey showed on Tuesday.
But the Confederation of British Industry also said manufacturers intend to raise prices at the fastest pace in almost three years, reflecting the sharp fall in the value of the pound since voters decided to leave the European Union in June.…
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👤Arthur Greene
🕔November 21, 2016
Wholesalers account for the largest portion of the services sector, which in turn represents roughly two-thirds of total Canadian gross domestic product. Wholesalers generally act as an intermediary in the distribution of merchandise, and as a result tend to sell goods in large quantities to retailers, businesses and institutional clients.…
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👤Arthur Greene
🕔November 20, 2016
Iranian Oil Minister Bijan Namdar Zanganeh said he’s optimistic that OPEC members will agree to proposed production cuts at a meeting in Vienna later this month.
The group—which controls over a third of global oil production—agreed in September to reduce output to help draw down a glut of supplies weighing down on prices.…
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👤Arthur Greene
🕔November 19, 2016
The U.S oil rig count jumped by 19 to 471 this week, according to oilfield-services giant Baker Hughes. The increase marks the 22nd weekly rise out of the last 24 weeks. It was also the largest jump since the week of July 24, 2015 when the count rose by 21.…
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👤Arthur Greene
🕔November 18, 2016
According to the report from Statistics Canada, consumer price index (CPI) for October gained 0.2% from the previous month, in line with estimates and slightly higher than September’s 0.1% increase.
Canadian inflation increased as expected in October, though the annual increase in the core reading slipped unexpectedly, according to official data released on Friday.…
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👤Arthur Greene
🕔November 17, 2016
U.S unemployment benefits unexpectedly decreased in the week ended November 12th, according to a report released by the Labor Department on Thursday, with claims falling to their lowest level in over forty years.
The report said initial jobless claims fell to 235,000, a decrease of 19,000 from the previous week’s unrevised level of 254,000.…
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👤Arthur Greene
🕔November 17, 2016
The Office for National Statistics (ONS) said sales volumes in October were up 7.4% from a year earlier, while on a monthly basis, sales jumped 1.9% from September – a much stronger increase than economists had forecast.
The retail industry continued to show strength on a quarterly basis as well, with the quantity bought in the three-month period increasing by 1.9% compared with the previous quarter to mark the 34th consecutive period of quarterly growth.…
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U.S CPI Rise 0.4% In October
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👤Arthur Greene
🕔November 17, 2016
The U.S consumer-price index accelerated in October for the third-straight month largely due to rising energy costs, the latest sign inflation pressures in the economy are firming. The U.S consumer price index rose 0.4% in October with the annual inflation rate at 1.6% from 1.2% previously and this increase was in line with market expectations.…
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👤Arthur Greene
🕔November 16, 2016
Oil explorers in the U.S. state of Texas said they’ve discovered the largest deposit of shale oil in a region known as the Permian Basin.
The so-called Wolfcamp formation, explorers believe, could hold up to 20 billion barrels of oil, worth up to $900 billion.…
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