Tag "economy"

UK Employment Falls Slightly In October

UK Employment Falls Slightly In October

🕔December 14, 2016 The jobs market stagnated in the three months to October, according to the latest jobs report from the Office for National Statistics, suggesting employers are finally slowing their hiring in the wake of June’s Brexit vote. The number of people Contnue Reading
Asian Development Bank cuts India’s 2016 growth estimate

Asian Development Bank cuts India’s 2016 growth estimate

🕔December 13, 2016 The Asian Development Bank (ADB) today cut its 2016 growth estimate for India to 7 per cent from the previous 7.4 per cent on account of demonetization, weak investment and agricultural slowdown. The ADB had, in March last year, projected Contnue Reading
Turkey’s GDP Relapse for First Time After 7 Years

Turkey’s GDP Relapse for First Time After 7 Years

🕔December 12, 2016 Turkey’s third-quarter GDP has shrunk 1.8 per cent — its first year on year decline since 2009 — confirming a deterioration in the country’s consumption-driven economy as its currency falls, inflation remains stubbornly high and citizens pull back on spending. Contnue Reading
China Inflation Rise In November

China Inflation Rise In November

🕔December 9, 2016 China’s consumer inflation picked up for a third-straight month in November, but remained below the upper limit of a government target range, official data showed on Friday, signs of improving demand in the world’s second-largest economy. China’s consumer price index Contnue Reading
US Weekly Jobless Claims Decline by 10,000

US Weekly Jobless Claims Decline by 10,000

🕔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 Contnue Reading
Bank of Canada Keeps Interest Rate Steady At 0.5%

Bank of Canada Keeps Interest Rate Steady At 0.5%

🕔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 Contnue Reading
Australian Q3 GDP Shrinks After 5 Years

Australian Q3 GDP Shrinks After 5 Years

🕔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 Contnue Reading
Eurozone GDP Up 0.3% In Q3

Eurozone GDP Up 0.3% In Q3

🕔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 Contnue Reading
U.S ISM Non-Manufacturing Index Hits Highest Reading In 2016

U.S ISM Non-Manufacturing Index Hits Highest Reading In 2016

🕔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 Contnue Reading
U.S Non-Farm Payroll Job Rise In November

U.S Non-Farm Payroll Job Rise In November

🕔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 Contnue Reading