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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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👤Xinyang
🕔December 6, 2016
News Event
From Trading Economics: German industrial orders rose 4.9 percent month-on-month in October of 2016, following a downwardly revised 0.3 percent drop in September and beating market consensus of a 0.6 percent gain. It was the fastest growth since since July 2014, driven by strong demand from both domestic (+6.3 percent) and overseas (+3.9 percent).…
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👤Xinyang
🕔December 5, 2016
News Event
From Trading Economics: Consumer prices in Uruguay went up 8.1 percent year-on-year in November of 2016, easing from an 8.4 percent increase in a month earlier. It is the lowest inflation rate since March last year, as cost rose at a slower pace for food and non-alcoholic beverages (+7.7 percent from +9.1 percent in October) and housing (+8.1 percent from +8.3 percent).…
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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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👤Xinyang
🕔December 5, 2016
News Event
From Trading Economics: The Caixin China Services PMI rose to 53.1in November of 2016 from 52.4 in October while market expected 52.7. It was the fastest growth since July 2015, driven by an increase in new orders and employment while business expectations eased to a 13-month high.…
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U.S Non-Farm Payroll Job Rise In November
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👤Arthur Greene
🕔December 4, 2016
U.S. employers hired at a steady clip in November while the unemployment rate fell to the lowest level in nine years, signs of enduring labor market growth that will likely leave Federal Reserve officials on track to raise interest rates later this month.…
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👤Arthur Greene
🕔December 3, 2016
The U.K construction sector expanded further in November with business activity and new orders increasing at the strongest pace in eight months. The construction PMI has widely shown the similar behaviour as the manufacturing and services PMIs. It had declined sharply in July and then recovered quite strongly.…
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