Global Economic News


germanyifo-july25_27jan20.jpg German business sentiment deteriorated unexpectedly at the start of the year, reflecting companies' more pessimistic outlook for months ahead. The business climate index dropped to 95.9 in January from 96.3 a month ago, survey data from the ifo institute showed Monday. The reading was expected to rise to 97.0. The German economy is starting the year in a cautious mood, ifo President Clemens Fu

preview-jan27.jpg Business confidence survey data from Germany is due on Monday, headlining a light day for the European economic news. At 2.00 am ET, Statistics Finland releases monthly consumer confidence survey results for January. In the meantime, industrial sentiment survey data is due.

There's no economic data on the slate for Monday, with most countries in the Asia-Pacific region celebrating the lunar New Year holiday. Most of the regional stock are also closed for the holiday, including South Korea, Malaysia, Singapore, Taiwan, China, Hong Kong and Indonesia, among others.

ukpmi-aug03_24jan20.jpg The UK private sector returned to growth in January as the receding political uncertainty lifted new orders, survey results from IHS Markit and the Chartered Institute of Procurement & Supply showed Friday. The flash composite output index rose to a 16-month high of 52.4 in January from 49.3 in December.

eurozoneservices-july_24jan20.jpg The euro area private sector grew at the same moderate pace as seen in the final month of 2019, reflecting muted pace of new order growth, flash survey data from IHS Markit showed Friday. The composite output index held steady at 50.9 in January, indicating a further muted increase in activity across the currency bloc. The score was expected to rise to 51.1.

preview-jan24.jpg Flash Purchasing managers' survey data from euro area and the UK are due on Friday, headlining a light day for the European economic news. At 1.00 am ET, Statistics Finland is scheduled to issue labor force survey and producer prices for December. At 3.00 am ET, Spain's INE releases producer prices for December.

New Zealand will on Friday see Q4 numbers for consumer prices, highlighting a modest day for Asia-Pacific economic activity. Inflation is tipped to have added 0.4 percent on quarter and 1.8 percent on year after rising 0.7 on quarter and 1.5 percent on year in the three months prior. New Zealand...

christinelagarde-070319_23jan20.jpg European Central Bank President Christine Lagarde on Thursday launched a broad review of the bank's monetary policy strategy, which she said will cover "a whole host of issues" ranging from the inflation target to the impact of climate change. "The review will have to do with how we deliver, how we measure, how we communicate when it comes to decision making, publication, outreach," Lagarde said.

leading-indicator-index-012320.jpg Reflecting large negative contributions from rising unemployment insurance claims and a drop in housing permits, the Conference Board released a report on Thursday showing a slightly bigger than expected decrease by its index of leading U.S. economic indicators.

jobless-claims-012320.jpg First-time claims for U.S. unemployment benefits showed a modest increase in the week ended January 18th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims rose to 211,000, an increase of 6,000 from the previous week's revised level of 205,000.

ecbank-sep12_23jan20.jpg The European Central Bank on Thursday announced the launch of a review of its monetary policy strategy, the first such exercise since 2003, as it left its interest rates, asset purchases and forward guidance unchanged. The central bank is set to provide the details about the scope and timetable of the review in a separate press release at 15:30 CET.

preview-jan23.jpg The interest rate announcement from the European Central Bank is due on Thursday, headlining a busy day for the European economic news. At 2.00 am ET, Statistics Norway is slated to issue unemployment data for November. The jobless rate is forecast to remain unchanged at 3.8 percent.

philippineflag-jan23.jpg The Philippine economy expanded at a faster pace in the fourth quarter driven by government spending, but missed the government's full year growth target, data from the Philippine Statistics Authority showed Thursday. Gross domestic product grew 6.4 percent on a yearly basis in the fourth quarter, faster than the 6 percent expansion logged in the third quarter.

The unemployment rate in Australia came in at a seasonally adjusted 5.1 percent in December, the Australian Bureau of Statistics said on Thursday. That beat forecasts for 5.2 percent, which would have been unchanged from the November reading. The Australian economy added 28,900 jobs last month,...

Japan posted a merchandise trade deficit of 152.5 billion yen in December, the Ministry of Finance said on Thursday. That narrowly beat forecasts for a shortfall of 152.6 billion yen following the 85.2 billion yen deficit in November. Exports were down 6.3 percent on year, missing expectations...

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