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

U.S.

3m 6m 1y

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

Rosengren Warns Of Risks Of Further Monetary Policy Accommodation

With U.S. economic growth continuing at a solid rate despite the U.S.-China trade war, Boston Federal Reserve President Eric Rosengren has argued that it is not necessary and potentially risky for the central bank to lower interest rates. Read more...

Eurozone Consumer Confidence At 4-month High

Eurozone consumer confidence improved in September to its highest level in four months, after weakening in August, preliminary data from the European Commission showed on Friday. The flash consumer confidence index climbed to -6.5 from -7.1 in August. Economist had forecast a modest improvement to... Read more...

South Africa Holds Rate Steady After July Cut

South Africa's central bank left its key interest rate unchanged in September, as expected, after cutting it by a quarter-point in July. The Monetary Policy Committee of the South African Reserve Bank unanimously decided keep the rate unchanged at 6.5 percent. The bank left the growth forecast... Read more...

U.S. / CANADA

Bullard Explains Preference For Bigger Interest Rate Cut

St. Louis Federal Reserve President James Bullard was one of three voting members of the Federal Open Market Committee that voted against the Fed's quarter-point rate cut on Wednesday, preferring a more substantial rate cut than his colleagues. Bullard explained his preference for a 50 basis point rate cut in a statement on Friday, citing signs that U.S. economic growth is expected to slow. Read more...

U.S. Leading Economic Index Remains Unchanged In August

The Conference Board released a report on Thursday showing its reading on leading U.S. economic indicators came in unchanged in the month of August. Read more...

U.S. Existing Home Sales Unexpectedly Show Continued Jump In August

Citing falling mortgage rates, the National Association of Realtors released a report on Thursday showing an unexpected jump in U.S. existing home sales in the month of August. NAR said existing home sales surged up by 1.3 percent to an annual rate of 5.49 million in August after spiking by 2.5 percent to a rate of 5.42 million in July. Read more...

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EUROPE

Belgium Consumer Confidence Weakens For Second Month

Belgium's consumer confidence weakened for a second straight month in September, survey data from the National Bank of Belgium showed on Friday. The consumer confidence index dropped to -11 from -9 in August. In July, the score was -6. The latest downturn in confidence among consumers stems primarily... Read more...

Finland Current Account Logs Deficit In Q2

Finland's current account logged a deficit in the second quarter, Statistics Finland reported Friday. The current account balance showed a surplus of EUR 3.6 billion versus a surplus of EUR 703 million in the first quarter. The balance of goods and services showed a deficit of EUR 0.4 billion.... Read more...

Ireland Wholesale Price Decline Slows In August

Ireland's wholesale prices fell at a slower rate in August, data from the Central Statistics Office showed on Friday. The wholesale price index fell 4.4 percent year-on-year in August, following a 5.9 percent decline in July. In June, prices decreased 6.8 percent. On a monthly basis, wholesale... Read more...

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ASIA

India Cuts Corporate Tax Rates To Boost Growth

India's government on Friday announced a reduction in the corporate tax rate to boost a weaker economy that grew at the slowest pace in six years in the June quarter and prompted several companies to shed jobs massively. The tax on income of domestic companies was lowered to 22 percent from 30 percent, Finance Minister Nirmala Sitharaman said. Read more...

Hong Kong Inflation At 3-year High

Hong Kong's consumer price inflation rose unexpectedly in August to its highest level in three years, data from the Census and Statistics Department showed on Friday. The consumer price index rose 3.5 percent year-on-year in August, following a 3.3 percent increase in July. Economists had expected... Read more...

China Lowers 1-Year Prime Lending Rate

China's central bank reduced its one-year loan prime rate marginally but retained five-year lending rate on Friday. The People's Bank of China set the one-year lending rate at 4.20 percent compared to 4.25 percent in August. The five-year lending rate was maintained at 4.85 percent. Julian Evans-Pritchard, an economist at Capital Economics, said this is another small step towards lower rates. Read more...

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GLOBAL ECONOMICS

Latvia Producer Price Inflation Slows For Eighth Month

Latvia's producer price inflation slowed for the eight straight month in August, figures from the Central Statistical Bureau showed on Friday. The producer price index rose 0.4 percent year-on-year in August, after a 1.5 percent increase in July. Among components, prices in water supply grew... Read more...

Slovenia Output Price Inflation Steady In August

Slovenia's output price inflation stable in August, figures from the Statistical Office of the Republic of Slovenia showed on Friday. Output prices rose 0.2 percent year-on-year in August, the same rate as seen in July. Energy prices rose 12.0 percent annually in August, while prices of intermediate... Read more...

Poland August Retail Sales Growth Slows

Poland's retail sales growth slowed in August from last year, figures from Statistics Poland showed on Friday. Retail sales climbed 4.4 percent year-on-year in August, after a 6.7 percent rise in the same month last year. Economists had expected a 6.5 percent growth. Sales in non-specialized... Read more...

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ANALYST COMMENTS

ECONOMIC CALENDAR

Time (et)

Economic Indicator

Period

Actual

Forecast

Country

Friday ,Sep.20

Capital Account Balance - BoP

CHF 130 M

CHF 40 (R) M

Switzerland

Current Account Balance - BoP

CHF 21.27 B

CHF 20.55 (R) B

Switzerland