logo

Global Economic News

Share SHARE

NewZealandcpi-071510.jpg The total number of building permits in New Zealand issued in November fell a seasonally adjusted 9.2 percent on month in November, Statistics New Zealand said on Thursday - standing at 2,973. That followed the 2.0 percent increase in October, and it marked the most for any month since March 2005,...

The total number of building permits in New Zealand issued in November was down a seasonally adjusted 9.2 percent on month in November, Statistics New Zealand said on Thursday - coming in at 2,973. That followed the 2.0 percent increase in October. On a yearly basis, building permits surged 13.0...

Australia will on Thursday release unemployment figures for December, highlighting a busy day for Asia-Pacific economic activity. The jobless rate is expected to hold steady at 5.7 percent, with the addition of 10,000 jobs expected following the gain of 39,100 in November. The participation rate is...

Producer prices in South Korea advanced 0.8 percent on month in December, the Bank of Korea said on Thursday - following the 0.4 percent gain in November. Individually, prices for agricultural, forestry and marine products jumped 1.5 percent, while manufacturing products also gained 1.5 percent, utilities...

Federal Reserve Chair Janet Yellen says she expects rates to rise 'a few times a year' until end of 2019. While the Fed is close to its dual mandate of full employment and price stability, she cannot project the specific timing of another rate hike, Yellen told the Commonwealth Club in San Francisco,...

Economic growth continued at modest pace across most of the United States, but several districts report disappointing sales over holidays, the Federal Reserve's Beige Book said Wednesday. In a sign of changing consumer habits, reports in more than one District suggested that growth in e-commerce had...

NAHB-011817.jpg Homebuilder confidence in the U.S. saw a modest pullback in the month of January, according to a report released by the National Association of Home Builders on Wednesday. The report said the NAHB/Wells Fargo Housing Market Index dipped to 67 in January after jumping to 69 in December.

IndustrialProduction-011817.jpg After reporting a drop in U.S. industrial production in the previous month, the Federal Reserve released a report on Wednesday showing that production rebounded strongly in the month of December. The Fed said industrial production climbed by 0.8 percent in December after slumping by a revised 0.7 percent in November.

CPI-011817.jpg Consumer prices in the U.S. increased in line with economist estimates in the month of December, according to a report released by the Labor Department on Wednesday. The Labor Department said its consumer price index rose by 0.3 percent in December after edging up by 0.2 percent in November.

Ukunemployment-011817.jpg U.K. unemployment declined unexpectedly at the end of 2016, while earnings growth accelerated reflecting that the labor market remained strong despite the 'Brexit' vote. Data from the Office for National Statistics showed Wednesday that the number of people claiming unemployment related benefits decreased by 10,100 in December from November, confounding expectations for an increase of 5,000.

Consumer confidence in Australia inched slightly higher in January, the latest survey from Westpac Bank showed on Wednesday - rising 0.1 percent on month to a score of 97.4. That follows the 3.9 percent contraction in December to a score of 97.3. The small gain suggests that the recent increase...

Australia will on Wednesday see January results for the consumer confidence index from Westpac, highlighting a light day for Asia-Pacific economic activity. In December, the consumer confidence index slipped 3.9 percent to a score of 97.3l. Malaysia will release November unemployment figures and...

TheresaMay-011717.jpg The U.K. is set for a 'hard Brexit', which implies a complete separation from the European Union, as Prime Minister Theresa May said on Tuesday that her country will not remain a member of the single market. Britain will not seek to "hold on to bits of [EU] membership" and the country also will not seek to adopt models that are enjoyed by other countries, May said in a speech.

empirestatemanufacturing-011717.jpg Growth in New York manufacturing activity has seen a modest slowdown in the month of January, according to a report released by the Federal Reserve Bank of New York on Tuesday. The New York Fed said its general business conditions index edged down to 6.5 in January from a revised 7.6 in December, although a reading above 50 still indicates growth.

German-ZEW-011717.jpg German economic sentiment improved to its highest level in seven months in January, as expectations were boosted by a strong run of positive data towards the end of last year. The ZEW Indicator of Economic Sentiment for Germany rose to 16.6 from 13.8 in December, the Mannheim-based Centre for European Economic Research/ZEW said Tuesday. However, economists had forecast a score of 18.4.

Follow RTT