Global Economic News


Business confidence in Australia ebbed in April, the latest survey from National Australia Bank showed on Monday with an index score of +5. That's down from +6 in March. The index for business conditions also deteriorated, slipping to +9 from +12 in the previous month.

The manufacturing sector in South Korea was roughly flat in March, the latest survey from Nikkei revealed on Monday with a PMI score of 50.0. That's up from 49.5 in April, and it moves right on to the boom-or-bust line that separates expansion from contraction. Among the individual components,...

Consumer prices in Australia are expected to have ticked slightly higher in April, the latest forecast from TD Securities showed on Monday - rising 0.1 percent on month. That follows the flat reading in March. On a yearly basis, consumer prices are expected to have climbed 1.5 percent - slowing...

The manufacturing sector in Australia continued to expand in April, albeit at a slower pace, the latest survey from the Australian Industry Group revealed on Monday with a Performance of Manufacturing Index score of 53.4. That's down sharply from 58.1 in March, although it remains well above the boom-or-bust...

Australia will on Monday see April results for the Performance of Manufacturing Index from the Australian Industry Group, highlighting a busy day for Asia-Pacific economic activity. The index score in March was 58.1, well above the boom-or-bust line of 50 that separates expansion from contraction. Australia...

CONSUMER-RETAIL_29Apr16.jpg Reflecting weakening expectations for future growth, the University of Michigan released a report on Friday showing that U.S. consumer sentiment deteriorated by more than previously estimated in April. The report said the final reading on the consumer sentiment index for April came in at 89.0.

ChicagoPMI-042916.jpg Indicating a slow start to the second quarter, MNI Indicators released a report on Friday showing that growth in Chicago-area business activity slowed by much more than expected in the month of April. MNI Indicators said its Chicago business barometer slumped to 50.4 in April.

PersonalSavingsRate-042916.jpg With personal income rising faster than personal spending, the Commerce Department released a report on Friday showing that the U.S. personal savings rate jumped to its highest level in over a year in the month of March.

EurozoneGDP-042916.jpg Euro area economic growth doubled in the first quarter weathering fears of a global slowdown and the jobless rate declined for the first time in three months in March to its lowest level in four-and-a-half years. Nonetheless, Eurozone relapsed into deflation in April on negative contributions from oil prices. Gross domestic product climbed 0.6 percent from the prior quarter.

JoblessClaims-042816.jpg After reporting U.S. initial jobless claims at their lowest level in over forty years in the previous week, the Labor Department released a report on Thursday showing that jobless claims rebounded in the week ended April 23rd. The report said initial jobless claims rose to 257,000.

GDPChart-042816.jpg Economic growth in the U.S. slowed by even more than economists had anticipated in the first quarter, the Commerce Department revealed in a report on Thursday. The report said gross domestic product rose by 0.5 percent in the first quarter compared to the 1.4 percent increase in the fourth quarter.

GermanUnemployment-042816.jpg German jobless claims declined unexpectedly in April and the unemployment rate remained unchanged at the lowest level since reunification, official data revealed Thursday. The number of unemployed declined by 16,000 in April from March to 2.706 million, the Federal Labor Agency said. Economists had expected it to remain flat after falling by 2,000.

EurozoneEconomicSentiment-042816.jpg Eurozone economic confidence improved more-than-expected in April after falling for three consecutive months to reach a one-year low level. The economic sentiment index rose to 103.9 from 103.0 in March, survey data from the European Commission showed Thursday. The measure was forecast to rise to 103.4.

Brexit-TS-042816.jpg With less than two months to go for the referendum to decide the fate of Britain's position in the European Union, "Brexit" talks are splashed across all media outlets to the point of tiring out readers/viewers. What will be the fallout of "Brexit" and how it will affect the rest of Europe? Read on to know more about the raging issue...

Bankofjapan-042816.jpg The Bank of Japan refrained from expanding its monetary stimulus defying expectations for some actions and kept its negative interest rate unchanged on Thursday. Governor Haruhiko Kuroda and his board members decided by an 8-1 majority vote to hold its target of raising the monetary base at an annual pace of about JPY 80 trillion.

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