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 in work fell by 6,000 in October to 31.76 million people, the Office for National Statistics said on Wednesday.…

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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 India’s 2015-16 growth at 7.8 per cent.…

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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.

Gross domestic product in July through September shrunk by 1.8% annually, sinking deeper into negative territory than a 0.4% drop forecast by economists survey and reversing Turkey’s resilient growth record since its latest decline in the third quarter of 2009.…

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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 (CPI) advanced 2.3% from a year ago, after climbing 2.1% in October, the National Bureau of Statistics said in a report on Friday.…

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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 previous week’s unrevised average of 251,500.…

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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 be left unchanged at this meeting.…

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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 since global financial crises, from up 0.6 percent q/q in the previous quarter.…

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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 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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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 is its highest since October 2015.…

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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 later this month.…

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