New Zealand's terms of trade slipped 2.1 percent on quarter in the second quarter of 2016, Statistics New Zealand said on Thursday.
That missed forecasts for a decline of 1.5 percent following the 4.4 percent increase in the three months prior.
Export prices for goods fell 1.9 percent, while import...
The dollar was up against all of its major rivals Wednesday morning, following the release of the ADP private sector employment report. However, the buck has since pared its gains and has turned lower against its major European competitors, but is holding onto modest gains against the Japanese Yen.
Reflecting significant strength in the Western region, the National Association of Realtors released a report on Wednesday showing that pending home sales in the U.S. rose by much more than expected in the month of July. The report said the pending home sales index jumped by 1.3 percent to 111.3 in July.
The U.S. dollar continued to grind higher against its key counterparts in early New York trading on Wednesday, as ADP private sector hiring beat estimates in August, reinforcing expectations for a Fed rate hike in September.
Data from payroll processor ADP showed that the private sector added 177,000...
Chicago-area business activity grew at a notably slower rate in the month of August, according to a report released by MNI Indicators on Wednesday. MNI Indicators said its Chicago business barometer dropped to 51.5 in August after edging down to 55.8 in July.
Private sector employment in the U.S. increased roughly in line with economist estimates in the month of August, according to a report released by payroll processor ADP on Wednesday. ADP said the private sector added 177,000 jobs in August following an upwardly revised increase of 194,000 jobs in July.
Euro area inflation remained stable at a very low level in August, underscoring the difficulties in achieving the inflation target as economic growth remains subdued, official data revealed Wednesday. Separate data showed that the unemployment rate remained unchanged at a five-year low in July. Inflation held steady at 0.2 percent in August, a flash estimate from Eurostat showed.
Policymakers should consider financial stability concerns while deciding when to start normalizing interest rates as the Federal Reserve may be close to achieving its dual mandate of stable prices and maximum sustainable employment, Federal Reserve Bank of Boston President Eric Rosengren said Wednesday.
Inflation and unemployment from euro area are due on Wednesday, headlining a busy day for the European economic news.
Industrial production in Japan was unchanged on month in July, the Ministry of Economy, Trade and Industry said on Wednesday.
That missed forecasts for an increase of 0.7 percent following the 2.3 percent jump in June.
On a yearly basis, industrial production fell 3.8 percent - also missing forecasts...
Industrial output in South Korea climbed 1.2 percent on month in July, Statistics Korea said on Wednesday.
That beat forecasts for an increase of 1.0 percent following the downwardly revised 0.4 percent decline in June (originally -0.2 percent).
On a yearly basis, industrial production picked up...
The dollar is gaining ground against all of its major rivals Tuesday afternoon. The prospect of a Fed interest rate hike in the coming months has been a source of strength for the greenback in recent days. Hawkish comments from Fed officials, including Fed Chair Janet Yellen, has been the driving force...
After reporting a marginal decline in U.S. consumer confidence in the previous month, the Conference Board released a report on Tuesday showing that consumer confidence rebounded strongly in the month of August.
Home price growth in major U.S. metropolitan areas unexpectedly slowed in the month of June, according to a report released by Standard & Poor's on Tuesday. The report said the S&P/Case-Shiller 20-city composite home price index was up 5.1 percent year-over-year in June.
Eurozone economic confidence deteriorated to a five-month low in August reflecting widespread weakness across sectors, adding to concerns that risks to growth intensified after the Brexit vote. The economic confidence index fell more-than-expected to 103.5 from 104.5 in July, survey data from the European Commission showed Tuesday.