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

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

German Finance Ministry Warns Of Prolonged Industrial Weakness

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...

Swiss M3 Rises Most Since January 2018

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...

World Bank Says Afghanistan Growth To Improve Despite Headwinds

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...

U.S. / CANADA

U.S. Consumer Sentiment Shows Slight Improvement In July

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...

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EUROPE

Brexit Likely Pushed UK Economy Into Recession, NIESR Says

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 Wholesale Price Inflation At 3-Month Low

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 Inflation At 4-Month Low

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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ASIA

Hong Kong Inflation Accelerates In June

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 Rises In June

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 Inflation Data Due On Monday

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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GLOBAL ECONOMICS

UK Households Remain Upbeat About Future Finances

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 Producer Price Inflation Slows In June

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 Improves In July

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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ANALYST COMMENTS

China To See 6.1% Growth This Year: Westpac

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...

ECONOMIC CALENDAR

Time (et)

Economic Indicator

Period

Actual

Forecast

Country

Monday ,Jul.22

M3 Money Supply (M-o-M)

JUN

-0.33 %

0.35 (R) %

Switzerland

M3 Money Supply (Y-o-Y)

JUN

3.7 %

3.4 %

Switzerland

Official Foreign Reserves

MAY

$ 805.03 B

$ 807.54 B

Switzerland

08:30

Wholesale Sales (M-o-M)

MAY

-1.8 %

1.2 (R) %

Canada

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Austria	India	Portugal
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Brazil	Ireland	Russia
Bulgaria	Israel	Serbia
Canada	Italy	Singapore
Chile	Japan	Slovakia
China	Latvia	Slovenia
Croatia	Lithuania	South Africa
Cyprus	Luxembourg	South Korea
Czech Republic	Macau	Spain
Denmark	Macedonia	Sri Lanka
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Editor's Pick
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German Finance Ministry Warns Of Prolonged Industrial Weakness

Brexit Likely Pushed UK Economy Into Recession, NIESR Says

U.S. Consumer Sentiment Shows Slight Improvement In July

UK Budget Logs Biggest June Deficit In 4 Years

European Economics Preview: UK Public Sector Finance Data Due

U.S. Leading Economic Index Unexpectedly Drops 0.3% In June

Philadelphia Manufacturing Shows Substantial Reacceleration In July

U.S. Weekly Jobless Claims Rise In Line With Estimates

Indonesia Cuts Interest Rates For First Time In Nearly 2 Years

ADB Retains Developing Asia's Growth Outlook

UK Retail Sales Recover Unexpectedly In June

Bank Of Korea Cuts Key Rate For First Time Since 2016

U.S. Leading Economic Index Unexpectedly Drops 0.3% In June

U.S. Housing Starts Drop 0.9% In June, Building Permits Plunge To Two-Year Low

UK Retail Sales Recover Unexpectedly In June

Bank Of Korea Cuts Key Rate For First Time Since 2016

U.S. Housing Starts Drop More Than Expected In June, Building Permits Plunge

UK Inflation Steady At BoE Target

European Economics Preview: UK Retail Sales Data Due

U.S. Consumer Sentiment Shows Slight Improvement In July

European Economics Preview: UK Inflation Data Due

UK Budget Logs Biggest June Deficit In 4 Years

Indonesia Cuts Interest Rates For First Time In Nearly 2 Years

U.S. Weekly Jobless Claims Rise In Line With Estimates

U.S. Housing Starts Drop 0.9% In June, Building Permits Plunge To Two-Year Low

Portugal Producer Prices Fall In June

Italy Industrial Orders Rebound In May

Poland Average Gross Wages Rise Less Than Expected

Austria Inflation Slows In June

Czech Producer Price Inflation Eases More Than Expected

Eurozone Inflation Rises In June

UK Inflation Steady At 2% In June

Turkey Retail Sales Decline At Slower Pace In May

Europe's New Car Registrations Decline In June

Australia Leading Index Rises In June

European Economics Preview: UK Inflation Data Due

MARKET UPDATES

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...