Economic News

*The economic data chart is for the U.S.

Germany's finance ministry warned on Monday that the weakness in the industrial sector and exports is set to last longer, mainly due to global risks such as the trade tensions. "Leading indicators and falling orders indicate a persistently weakened industrial economy," the ministry said in its latest monthly report. Read more...

Switzerland's broad money supply grew the most since January 2018, data from the Swiss National Bank showed Monday. The broad money supply, M2, expanded 3.7 percent year-on-year in June, faster than the 3.4 percent increase seen in May. This was the fastest expansion since January 2018, when M3 climbed... Read more...

Afghanistan's economic growth is expected to improve this year with easing of drought conditions but cautioned that the region faces strong headwinds to growth, the World Bank said in its Afghanistan Development Update. The economy grew only around 2 percent in 2018, leading to further increases in... Read more...


Reflecting an uptick in expectations, the University of Michigan released a report on Friday showing a slight improvement in U.S. consumer sentiment in the month of July. The preliminary report showed the consumer sentiment index inched up to 98.4 in July from the final June reading of 98.2. Read more...


Reflecting weaknesses in new orders for manufacturing, housing permits, and unemployment insurance claims, the Conference Board released a report on Thursday showing an unexpected decrease by its index of leading U.S. economic indicators in the month of June. The Conference Board said its leading economic index fell by 0.3 percent in June after coming in unchanged in May. Read more...

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The UK economy may have already entered a recession and the outlook beyond October is very murky with the possibility of a severe downturn in the event of a disorderly no-deal Brexit, the National Institute of Economic and Social Research, or NIESR, said in a report on Monday. The think tank said there is one-in-four chance that the economy has already entered a technical recession. Read more...

Ireland's wholesale prices fell at the fastest pace in three months in June, data from the Central Statistics Office showed on Monday. The wholesale price index declined 6.8 percent in June, following a 6.3 percent fall in May. This was the biggest fall since March, when prices were down 6.8 percent.... Read more...

Iceland's consumer price inflation slowed to the lowest level in four months in July, figures from Statistics Iceland showed on Monday. The consumer price index climbed 3.1 percent year-on-year in July, following a 3.3 percent rise in June. The latest inflation was the slowest since March, when... Read more...

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Hong Kong's consumer price inflation rose in June after easing in the previous month, data from the Census and Statistics Department showed on Monday. The consumer price index rose 3.3 percent year-on-year in June, after a 2.8 percent increase in May. Economists had expected a 2.4 percent rise. In... Read more...

Taiwan jobless rate rose in June after slowing in the previous month, the Directorate General of Budget Accounting & Statistics, or DGBAS, said on Monday. On a seasonally adjusted basis, the unemployment rate increased to 3.74 percent in June from 3.72 percent in May. In April, the jobless rate was... Read more...

Hong Kong is scheduled to release June figures for consumer prices on Monday, headlining a light day for Asia-Pacific economic activity. In May, the annual inflation rate was 2.8 percent. Japan will provide June numbers for convenience store sales; in May, sales were up 1.7 percent on year. Read more...

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British households' expectations towards future finances remained positive in July, survey data from IHS Markit showed Monday. The headline household finance index rose for the second straight month in July, to 44.3 from 43.9 in June. The score signaled the weakest level of pessimism among households... Read more...

Estonia's producer price inflation slowed in June, data from Statistics Estonia showed on Monday. Producer prices advanced 0.5 percent year-on-year in June, which was slower than 1.1 percent rise in May. Prices of mining and quarrying industry grew 7.5 percent annually and manufacturing prices... Read more...

Dutch consumer confidence improved in July, data from the Central Bureau of Statistics showed on Monday. The consumer confidence index rose to 2 in July from zero in June. The consumer confidence index has remained above the average of minus 4 points over the past twenty years. The economic... Read more...

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China is likely to log economic growth of 6.1 percent this year and 6 percent in 2020, Elliot Clarke, an economist at Westpac Institutional Bank said Monday. Official data released earlier in the day... Read more...

Time (et)
Economic Indicator
Monday ,Jul.22
M3 Money Supply (M-o-M)
-0.33 %
0.35 (R) %
M3 Money Supply (Y-o-Y)
3.7 %
3.4 %
Official Foreign Reserves
$ 805.03 B
$ 807.54 B
Wholesale Sales (M-o-M)
-1.8 %
1.2 (R) %
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Futures Pointing To Initial Rebound Amid Earnings Optimism

The major U.S. index futures are currently pointing to a higher opening on Monday, with stocks likely to move back to the upside following the pullback seen last week. Optimism about earnings news may generate early buying interest, as a slew of big-name companies are due to report their quarterly...
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