Australia's gross domestic product gained a seasonally adjusted 2.0 percent on year in the second quarter or 2015, the Australian Bureau of Statistics said on Wednesday.
That was shy of forecasts for an increase of 2.2 percent and down from 2.3 percent in the first quarter.
On a quarterly basis,...
The dollar is currently turning in a mixed performance Tuesday afternoon, rising against the pound sterling, but falling against the Euro and the Japanese Yen. U.S. economic data was also mixed this morning, with an unexpected decrease in the ISM manufacturing index, but a larger than expected increase...
Reflecting a jump in spending on private construction, the Commerce Department released a report on Tuesday showing that total U.S. construction spending reached its highest level in seven years in the month of July.
Activity in the U.S. manufacturing sector unexpectedly grew at a slower rate in the month of August, according to a report released by the Institute for Supply Management on Tuesday, with the index of activity in the sector falling to its lowest level in over two years.
Eurozone unemployment rate unexpectedly dropped in July to its lowest level in three-and-a-half years, adding to hopes that consumer spending would support growth amid low inflation. The unemployment rate fell to 10.9 percent in July, after holding steady at 11.1 percent in the previous two months, data from Eurostat revealed Tuesday. The figure was expected to remain at the 11.1 percent level f
Global economic growth is set to moderate and will likely be weaker-than-expected earlier due to sluggish recovery in advanced economies and a further slowdown in emerging economies, International Monetary Fund Managing Director Christine Lagarde said Tuesday.
British manufacturing expansion slowed in August, defying expectations for a modest improvement, survey figures from the Chartered Institute of Procurement & Supply and Markit Economics showed Tuesday. The purchasing managers' index fell to 51.5 from 51.9 in July. Economists had expected a score of 52. A PMI reading above 50 suggests expanding activity.
Australian policymakers judged it appropriate to leave the key interest rate unchanged at a record low for the fourth straight meeting. The Reserve Bank of Australia Policy Board, governed by Glenn Stevens, decided to leave the cash rate at 2.00 percent. The bank had lowered the rates by 25 basis points each in February and May.
Chinese manufacturers reported the sharpest deterioration in operating condition in more than six years in August and the service sector expanded at the slowest pace in the current 13-month sequence of growth. The manufacturing Purchasing Managers' Index fell to 47.3 in August, which was the lowest reading since March 2009, survey data from Caixin Insight Group and Markit showed Tuesday.
Unemployment figures and final manufacturing Purchasing Managers' survey results from euro area are due on Tuesday, headlining a busy day for the European economic news.
Australia posted a current account deficit of A$19.033 billion in the second quarter of 2015, the Australian Bureau of Statistics said on Tuesday - down 41 percent on year.
That missed expectations for a shortfall of A$15.9 billion following the downwardly revised A$13.501 billion deficit in the first...
New Zealand's merchandise terms of trade jumped 1.3 percent on quarter in the second quarter of 2015, Statistics New Zealand said on Tuesday.
That beat forecasts for a decline of 2.5 percent following the downwardly revised 1.4 percent increase in the first quarter (originally 1.5 percent).
The dollar is posting modest gains against all of its major competitors at the start of the new trading week. The mood among investors could best be described as cautious Monday. Renewed concerns over China has investors on edge and traders are also preparing for a potential increase in U.S. interest...
The Indian economy maintained its robust growth in the three months to June, though the pace of expansion eased more-than-expected, adding pressure on the government to press ahead with reforms, and strengthened calls for policy easing. Gross domestic product rose 7 percent year-on-year, preliminary figures from the Central Statistics Office showed Monday.
Business activity in the Chicago area unexpectedly grew at a slower rate in the month of August, according to a report released by MNI Indicators on Monday. MNI Indicators said its Chicago business barometer dipped to 54.4 in August from 54.7 in July.