Economic News, US Economic News, Global Economic News, Economic Calendar

The manufacturing sector in Australia continued to expand in September, and at a faster pace, the latest survey from Markit Economics revealed on Thursday with a manufacturing PMI score of 57.3. That's up from 52.0 in August and it moves further above the boom-or-bust line of 50 that separates expansion... Read more...

Eurozone Consumer Confidence Improves In September

Euro area consumer confidence improved in September for the first time in three months, preliminary data from the European Commission showed Wednesday. The DG ECFIN flash consumer confidence index for Eurozone rose to -4.0 from -5.3 in August. Economists had forecast further weakening in the measure... Read more...

Indonesia Central Bank Keeps Rates Unchanged

Indonesia's central bank left its key rates unchanged on Tuesday, as widely expected, in order to maintain the exchange rate stability and underpin economic growth. The board of governors of Bank Indonesia decided to hold the the BI 7-Day reverse repo rate at 3.50 percent. The previous change in the... Read more...

U.S. / CANADA

Fed Says Tapering Asset Purchases May Be Warranted 'Soon'

Citing progress towards it goals of maximum employment and price stability, the Federal Reserve hinted Wednesday that tapering of the central bank's asset purchases could begin in the near future. Read more...

U.S. Existing Home Sales Pull Back Slightly More Than Expected In August

The National Association of Realtors released a report on Wednesday showing a pullback by U.S. existing home sales in the month of August. NAR said existing home sales slumped by 2.0 percent to an annual rate of 5.88 million in August after jumping by 2.2 percent to a revised rate of 6.00 million in July. Read more...

OECD Ups Global Growth Forecast For Next Year, Lowers 2021 Outlook

The Organisation for Economic Cooperation and Development raised the growth projection for next year, while lowering the same for this year, and expressed concern over the increasingly uneven nature of the economic recovery from the slump caused by the pandemic as well as rising inflationary pressures. Read more...

View All

EUROPE

Germany's Ifo Institute Lifts 2022 Growth Outlook

The German economy is projected to grow faster than previously estimated next year but trimmed its outlook for 2021 citing the impact of supply-side bottleneck on the manufacturing sector. In its Autumn forecast, the think tank lifted its growth outlook for 2022 to 5.1 percent from 4.3 percent. The... Read more...

Ireland Wholesale Prices Declines In August

Ireland's wholesale prices declined at a softer pace in August, data from the Central Statistics Office showed on Wednesday. Wholesale prices decreased 1.4 percent annually in August, following a 2.1 percent decline in July. On a monthly basis, wholesale prices fell 0.8 percent in August, after... Read more...

Italy Industrial Turnover Growth Slows In July

Italy's industrial turnover increased at a softer pace in July, data from the statistical office Istat showed on Wednesday. Industrial turnover grew 0.9 percent month-on-month in July, after 3.1 percent increase in June. Domestic turnover rose 1.7 percent in July, after a 2.2 percent gain in June.... Read more...

View All

ASIA

Australia PMI Data On Tap For Thursday

Australia will on Thursday release September PMI data from Markit Economics, highlighting a busy day for Asia-Pacific economic activity. In August, the manufacturing index had a score of 52.0, while the services index was at 42.9 and the composite came in at 43.3. Singapore will release August figures... Read more...

ADB Raises Developing Asia 2022 Growth Outlook

The Asian Development Bank raised its economic growth projections for the next year but signaled divergence in the recovery paths among regional economies. In its latest Asian Development Outlook 2021 Update, released Wednesday, the ADB said developing Asia will expand 5.4 percent next year, instead of 5.3 percent estimated previously. Meanwhile, the outlook for 2021 was downgraded to 7.1 perce Read more...

Bank Of Japan Keeps Monetary Policy Unchanged

The Bank of Japan kept its monetary policy stimulus unchanged on Wednesday, ahead of next week's presidential election of the ruling Liberal Democratic Party to select a successor to the outgoing Prime Minister Yoshihide Suga. The board, governed by Haruhiko Kuroda, on Wednesday, voted 8-1, to hold the interest rate at -0.1 percent on current accounts that financial institutions maintain at the c Read more...

View All

GLOBAL ECONOMICS

South Africa Inflation Rises In August

South Africa's consumer price inflation increased in August, figures from Statistics South Africa showed on Wednesday. The consumer price index rose 4.9 percent year-on-year in August, following a 4.6 percent increase in July. Economists had expected a 4,8 percent rise. The main contributions to... Read more...

Turkey Consumer Confidence Increases In September

Turkey's consumer confidence improved in September, survey results from the Turkish Statistical Institute showed on Wednesday. The consumer confidence index rose to 79.7 in September from 78.2 in August. The survey was carried out in cooperation with the Turkish Statistical Institute and the Central... Read more...

Denmark Consumer Confidence Improves In September

Denmark consumer confidence improved in September, survey data from Statistics Denmark showed on Wednesday. The consumer confidence index rose to 8.2 in September from 4.4 in August. The average for the past six months was 3.2. The index measuring consumers' view regarding the future personal financial... Read more...

View All

ANALYST COMMENTS

ECONOMIC CALENDAR

Time (et)

Economic Indicator

Period

Actual

Forecast

Country

Wednesday ,Sep.22

Capital Account Balance - BoP

CHF 75 M

CHF 358 M

Switzerland

Current Account Balance - BoP

CHF 10.51 B

CHF 11.12 (R) B

Switzerland

Interest Rate Decision

6.25 %

5.25 %

Brazil

Monetary Policy Meeting

Brazil