With imports rising and exports falling, the Commerce Department released a report on Friday showing that the U.S. trade deficit widened more than expected in December. The report said the trade deficit widened to $43.4 billion in December from a revised $42.2 billion in November.
Employment in the U.S. rose by less than expected in the month of January, according to a report released by the Labor Department on Friday, although the unemployment rate still edged lower. The Labor Department said non-farm payroll employment climbed by 151,000 jobs in January.
Germany's factory orders declined more-than-expected at the end of last year, on weak domestic orders , while foreign demand logged only marginal growth. Orders fell 0.7 percent in December from November, when they advanced 1.5 percent, provisional data from Destatis showed Friday. That was the first decrease in three months. The pace of decline was faster than a 0.5 percent drop economists had
There is no urgency to raise U.K. interest rates at present and the falling oil prices have benefited the economy, which is enjoying a robust recovery, Bank of England Deputy Governor Ben Broadbent said Friday. There was "certainly no great urgency to raise rates at the moment", Broadbent said in an interview on the BBC Radio 5.
The Reserve Bank of Australia has maintained its projection for faster growth amid improving labor market conditions but downgraded its inflation forecast, citing lower commodity prices and weak wage growth. In its Statement on Monetary Policy released Friday, the RBA said the Australian economy continued to grow at a moderate pace and activity is rebalancing away from the resource sector.
The total value of retail sales in Australia was unchanged in December on a seasonally adjusted basis, the Australian Bureau of Statistics said on Friday, worth A$24.759 billion.
That missed forecasts for an increase of 0.4 percent, which would have been unchanged from the November reading. Sales...
The total value of retail sales in Australia was flat in December on a seasonally adjusted basis, the Australian Bureau of Statistics said on Friday, worth A$24.759 billion.
That missed forecasts for an increase of 0.4 percent, which would have been unchanged from the November reading.
The construction sector in Australia remained in contraction in January, the latest survey from the Australian Industry Group revealed on Friday with a PMI score of 46.3.
That's down from 46.8 in December, and it moves farther beneath the boom-or-bust line of 50 that separates expansion from contraction.
Largely reflecting a steep drop in durable goods orders, the Commerce Department released a report on Thursday showing a notable decrease in new orders for U.S. manufactured goods in the month of December. The Commerce Department said factory orders tumbled by 2.9 percent in December.
Labor productivity in the U.S. fell by more than anticipated in the fourth quarter, according to a report released by the Labor Department on Thursday. The report said labor productivity dropped by 3.0 percent in the fourth quarter after climbing by 2.1 percent in the third quarter.
Ahead of Friday's release of the monthly jobs report, the Labor Department released a report on Thursday showing that first-time claims for U.S. unemployment benefits rose by more than expected in the week ended January 30th.
Bank of England policymakers unanimously decided to keep the interest rates unchanged for the first time in seven months, as Ian McCafferty abandoned his call for a hike, and also signaled that record low rates are unlikely to rise in the foreseeable future. The U.K. central bank also downgraded its growth projections in the wake of subdued global activity and continuing fiscal consolidation.
The European Commission on Thursday marginally downgraded its euro area growth projection as risks from the slowdown in China and other emerging markets and the weak global trade escalate. Nonetheless, the single currency bloc entered its fourth year of recovery and moderate growth is forecast to continue, driven by consumption.
Eurozone inflation is being kept low by global forces such as falling oil prices, but this does not mean the bank should just wait-and-watch, as acting late poses the risk of eroding expectations and allow disinflation to continue, European Central Bank President Mario Draghi warned on Thursday.
The Bank of Japan will release the minutes on Thursday from its monetary policy meeting on December 17, highlighting a light day for Asia-Pacific economic activity.
At that meeting, the central bank kept its benchmark lending rate unchanged at 0-0.1 percent. It also said to hold its target of raising...