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👤Arthur Greene
🕔December 14, 2016
Eurozone industrial output dipped in October for the second consecutive month against expectations of a slight rise as production of intermediate and non-durable consumer goods dropped in a sign of muted growth in the fourth quarter according to data from Eurostat showed Wednesday.…
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👤Arthur Greene
🕔December 10, 2016
OPEC and non-OPEC producers on Saturday reached their first deal since 2001 to curtail oil output jointly and ease a global glut after more than two years of low prices that overstretched many budgets and spurred unrest in some countries.
With the deal finally signed after almost a year of arguing within the Organization of the Petroleum Exporting Countries and mistrust in the willingness of non-OPEC Russia to play ball, the market’s focus will now switch to compliance with the agreement.…
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👤Arthur Greene
🕔December 1, 2016
November data pointed to a sustained acceleration in U.S. manufacturing growth, with production volumes and incoming new work both rising at the fastest pace since March 2015. Stronger demand patterns, especially from domestic clients, resulted in greater input buying and increased payroll numbers across the manufacturing sector.…
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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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👤Arthur Greene
🕔November 28, 2016
Overall business activity in Texas turned positive in November for the first time since December 2014, according to the Dallas Federal Reserve. The production index increased to 8.8 from 6.7 previously with the new orders component strengthening to -1.4 from -3.5 as the pace of decline in unfilled orders also slowed significantly on the month.…
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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 14, 2016
China’s retail sales expanded below projections in the month of October, as opposed to the investment and industrial production figures, which were consistent with expectation and indicated a continued stabilization. Weaker than expected retail sales figures might have been because of seasonal factors, noted Nordea Bank in a research report.…
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👤Arthur Greene
🕔November 8, 2016
UK industrial production surprisingly dropped in September, according to official figures, but manufacturing output was unexpectedly stronger.
The figures confirmed that British industry overall dragged on otherwise robust economic growth in the third quarter. By contrast, consumers have shown no sign of curbing their spending after June’s vote to leave the European Union.…
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👤Lisa Harris
🕔November 8, 2016
German factory production and exports fell in September, according to official figures released today, which analysts said points to flat third quarter GDP growth for Europe’s largest economy.
The Economy Ministry said industrial production dropped 1.8 per cent in September over August, according to season- and calendar-adjusted figures.…
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