Global Economic News


ukpublicfinance-sept21.jpg The UK budget deficit increased in August on higher expenditure amid subdued income growth, data from the Office for National Statistics showed Friday. Public sector net borrowing, excluding public sector banks, rose by GBP 2.4 billion from last year to GBP 6.8 billion in August. Borrowing was expected to fall to GBP 3.4 billion.

eurozonepmi-sept21.jpg Eurozone private sector grew at the second-weakest pace since late-2016 as manufacturing growth was subdued by stagnating export orders, flash survey data from IHS Markit showed Friday. The composite output index fell to 54.2 in September, while the score was forecast to remain unchanged at 54.5. Although the reading was well above the 50.0 no-change level, it was the lowest since November 2016.

preview-sept20_21sep18.jpg Flash Purchasing Managers' survey data from euro area and public sector finance from the UK are due on Friday, headlining a light day for the European economic news. At 3.00 am ET, IHS Markit publishes France's flash purchasing managers' survey results.

s&paustralia-sept21.jpg S&P Global Ratings raised Australia's sovereign rating outlook as the agency expects the federal budget balance to return to surplus by early 2020s. The credit ratings of the nation was affirmed at 'AAA' and the outlook was revised up to 'stable' from 'negative'.

The manufacturing sector in Japan continued to expand in September, and at an accelerated pace, the latest survey from Nikkei revealed on Friday with a manufacturing PMI score of 52.9. That's up from 52.5 in August, and it moved further above the boom-or-bust line of 50 that separates expansion from...

Overall nationwide consumer prices in Japan were up 1.3 percent on year in August, the Ministry of Internal Affairs and Communications said on Friday. That exceeded expectations for 1.1 percent and was up from 0.9 percent in July. Core consumer prices, which exclude food costs, climbed 0.9 percent...

Japan will on Friday release August numbers for consumer prices, highlighting a modest day for Asia-Pacific economic activity. Overall nationwide inflation is expected to rise 1.1 percent on year, accelerating from 0.9 percent in July. Core CPI is called at an annual 0.4 percent, up from 0.3 percent...

leading-indicator-092018.jpg Indicating the U.S. economy will continue expanding through 2018, the Conference Board released a report on Thursday showing a continued increase by its index of leading economic indicators in the month of August. The Conference Board said its leading economic index rose by 0.4 percent.

existing-homesales-092018.jpg With sales growth in the Northeast and Midwest offset by downturns in the South and West, the National Association of Realtors released a report on Thursday showing existing home sales in the U.S. were unexpectedly flat in the month of August.

norwaycentralbank-062217_20sep18.jpg Norway's central bank adopted a cautious approach to policy tightening and hinted that the key interest rate would be hiked further in the first quarter of next year, after raising rates for the first time since 2011, on Thursday. The Executive Board decided to raise the key policy rate by a quarter-point to 0.75 percent, the Norges Bank said in a statement.

philadelphia-fed-092018.jpg After reporting a significant slowdown in the pace of growth in regional manufacturing activity in the previous month, the Federal Reserve Bank of Philadelphia released a report on Thursday showing a bigger than expected rebound in the pace of growth in the month of September.

jobless-claims-092018.jpg A report released by the Labor Department on Thursday unexpectedly showed first-time claims for U.S. unemployment benefits dipped to their lowest level in nearly fifty years in the week ended September 15th. The Labor Department said jobless claims edged down to 201,000.

ukretail-sept20.jpg UK retail sales grew unexpectedly in August, thanks to warm weather and real wage growth, data from the Office for National Statistics revealed Thursday. Retail sales volume, including auto fuel, gained 0.3 percent month-on-month in August, slower than the 0.9 percent increase seen in July, but in contrast to the expected fall of 0.2 percent. This was the second consecutive rise in sales volume.

snbratedecision-sept20.jpg Switzerland's central bank maintained its negative interest rates and trimmed its inflation forecast, suggesting that the current expansionary stance is set to remain well into 2019. The central bank said it will remain active in the foreign exchange market as necessary, while taking the overall currency situation into consideration.

economic-outlook1_20sep18.jpg The Organization for Economic Cooperation & Development, on Thursday, downgraded it global growth projections for both 2018 and 2019, and signaled that the initial impact of the trade war between the US and China has started showing. The United States will expand 2.9 percent in 2018 and 2.7 percent in 2019, the agency said. China's growth is seen at 6.7 percent this year and 6.4 percent in 2019.

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