Global Economic News


The services index in New Zealand continued to expand in August, albeit at a slower pace, BusinessNZ said on Monday with a Performance of Services Index score of 53.2. That's down from the downwardly revised 54.8 in July (originally 55.1), although it remains above the boom-or-bust line of 50 that...

New Zealand will on Monday see August results for its Performance of Services Index, highlighting a light day for Asia-Pacific economic activity. The index score in July was 55.1. Indonesia will provide August figures for imports, exports and trade balance. In July, imports were worth $18.27 billion...

consumer-091418.jpg Consumer sentiment in the U.S. has improved by much more than anticipated in the month of September, according to a report released by the University of Michigan on Friday. The report said the consumer sentiment index jumped to 100.8 in September from 96.2 in August.

industrial-production-091418.jpg A report released by the Federal Reserve on Friday showed U.S. industrial production rose by slightly more than expected in the month of August. The Fed said industrial production climbed by 0.4 percent in August, matching the upwardly revised increase in July.

import-export-091418.jpg Import prices in the U.S. fell by much more than expected in the month of August, according to a report released by the Labor Department on Friday. The Labor Department said import prices dropped by 0.6 percent in August after edging down by a revised 0.1 percent in July.

rfb-sep14.jpg Russia's central bank unexpectedly raised its key interest rate for the first time since 2014 on Friday, citing significant increase in inflation risks due to highly uncertain external conditions. The Board of Directors decided to raise the key rate by 0.25 percentage points to 7.50 percent, the Bank of Russia said in a statement. Economists had expected the bank to hold the rate steady.

retail-sales-091418.jpg Partly reflecting a drop in sales by motor vehicle and parts dealers, the Commerce Department released a report on Friday showing retail sales in the U.S. increased by much less than expected in the month of August. The Commerce Department said retail sales inched up by 0.1 percent.

markcarney-091418.jpg Bank of England Governor Mark Carney said the bank is prepared to face all potential outcomes of Brexit and the policy response will not be automatic. In a lecture at the Central Bank of Ireland on Friday, Carney said the UK central bank is well-prepared for whatever path the economy takes, including a wide range of potential Brexit outcomes.

chinaretailsales-sept14.jpg China's industrial production and retail sales growth improved in August, while investment growth slowed down, indicating the weakness in the economic momentum. Industrial production climbed 6.1 percent year-on-year in August, in line with expectations, but slightly faster than the 6 percent increase seen in July, data from the National Bureau of Statistics revealed Friday.

tradeeurozone-sept14.jpg Foreign trade data from euro area is due on Friday, headlining a light day for the European economic news. At 2.00 am ET, Statistics Finland releases consumer prices and monthly growth indicator.

Retail sales in China spiked 9.0 percent on year in August, the National Bureau of Statistics said on Friday. That topped forecasts for an increase of 8.8 percent, which would have been unchanged from the July reading. The bureau also said that industrial production advanced an annual 6.1 percent...

China will on Friday release August figures for retail sales, industrial production and fixed asset investment, highlighting a light day for Asia-Pacific economic activity. Retail sales are expected to rise 8.8 percent on year, unchanged from July. Industrial production is tipped to gain 6.1 percent...

ecbank-sep13.jpg The European Central Bank on Thursday lowered its growth forecast for the euro area for this year and next as the bank's chief Mario Draghi again warned about the risks from the rising protectionism. Earlier in the day, the Governing Council left its interest rates, asset purchases and forward guidance unchanged.

consumer-retail_13sep18.jpg A report released by the Labor Department on Thursday showed a modest increase in U.S. consumer prices in the month of August. The Labor Department said its consumer price index rose by 0.2 percent in August, matching the increase seen in July.

ecbank-sep12.jpg The European Central Bank left its interest rates unchanged on Thursday and maintained the forward guidance on monetary stimulus for a second policy session in a row, after the Governing Council's June decision to halve the monthly asset purchases after September, and to eventually end them in December.

Follow RTT