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👤Arthur Greene
🕔December 13, 2016
U.S. import prices recorded their biggest drop in nine months in November on declining petroleum costs, with renewed dollar strength threatening to keep imported inflation subdued.
The Labor Department said on Tuesday import prices fell 0.3 percent last month after a downwardly revised 0.4 percent gain in October.…
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👤Xinyang
🕔December 8, 2016
News Event
From Trading Economics: Exports from China unexpectedly increased by 0.1 percent from a year earlier to USD 196.81 billion in November of 2016, following a 7.3 percent drop in the preceding month and beating market estimates of a 5.0 percent fall.…
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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 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
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
🕔November 30, 2016
The Organization of Petroleum Exporting Countries (OPEC) has reached a deal among all 14 member countries to curtail oil production for the first time since 2008, the oil-producing cartel announced from its headquarters in Vienna on Wednesday.
OPEC agreed its first oil output cuts since 2008 after Saudi Arabia accepted “a big hit” on its production and dropped its demand on arch-rival Iran to slash output.…
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Japan’s industrial production rises a little in October
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👤Arthur Greene
🕔November 30, 2016
Japan’s industrial output rose slightly by 0.1 percent in October from the previous month, signaling a moderate growth, official data showed Wednesday. The Japan’s industrial production was slightly stronger than economists forecast in October, as exports compensated for continued weak domestic spending.…
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U.K GDP Q3 at 0.5%
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👤Arthur Greene
🕔November 27, 2016
There seems to be no surprises in the UK GDP release: quarterly growth remains 0.5%, and yearly growth is 2.3%. Among the internal components, we find a rise of 0.9% in business investment while services stand at 0.8%. Exports are up 0.7% and imports down 1.5%.…
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👤Arthur Greene
🕔November 15, 2016
Reflecting a substantial increase in fuel prices, the Labor Department released a report today showing a slightly bigger than expected increase in U.S import prices in the month of October.
The import-price index, measuring the cost of goods ranging from Canadian oil to Chinese electronics, rose 0.5% from a month earlier, the Labor Department said earlier today, while economists surveyed expected prices to rise 0.3%.…
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