Global Economic News


leadingindex-181019.jpg Partly reflecting weakness in the manufacturing sector, the Conference Board released a report on Friday showing an unexpected drop in its reading on leading U.S. economic indicators in the month of September. The Conference Board said its leading economic index edged down by 0.1 percent in September after dipping by a revised 0.2 percent in August.

chinaflag-aug14_18oct19.jpg China economy expanded at the slowest pace in nearly three decades in the third quarter amid subdued investment, industrial production and domestic demand, data from the National Bureau of Statistics showed Friday. Gross domestic product expanded 6 percent year-on-year in the third quarter after rising 6.2 percent in the second quarter. This was the slowest growth since 1992 and below the expected rate of 6.1 percent.

japanflag-oct18.jpg Japan's inflation eased to the lowest level in more than two years in September, raising pressure on the central bank to ease policy further, data showed Friday. Excluding fresh food, inflation eased to 0.3 percent in September from 0.5 percent a month ago, the statistics bureau revealed. This was the lowest since April 2017 and in line with expectations.

China is scheduled to release a raft of data on Friday, headlining a busy day for Asia-Pacific economic activity. On tap are Q3 numbers for gross domestic product and September figures for industrial production, retail sale, fixed asset investment and unemployment. GDP is expected to rise 1.5 percent...

industrialproduction-171019.jpg With the strike at General Motors (GM) contributing to a drop in manufacturing output, the Federal Reserve released a report on Thursday showing a bigger than expected drop in industrial production in the month of September. The Fed said industrial production fell by 0.4 percent in September after climbing by an upwardly revised 0.8 percent in August.

philadelphiafed-171019.jpg Growth in Philadelphia-area manufacturing activity saw a continued slowdown in the month of October, the Federal Reserve Bank of Philadelphia revealed in a report released on Thursday. The Philly Fed said its diffusion index for current general activity dropped to 5.6 in October after falling to 12.0 in September.

housing-starts-171019.jpg After reporting a substantial increase in new residential construction in the previous month, the Commerce Department released a report on Thursday showing a sharp pullback in U.S. housing starts in the month of September. The Commerce Department said housing starts plunged by 9.4 percent to an annual rate of 1.256 million in September.

jobless-claims1-171019.jpg First-time claims for U.S. unemployment benefits saw a modest increase in the week ended October 12th, according to a report released by the Labor Department on Thursday.

ukretailsales-july18_17oct19.jpg UK retail sales stagnated in September as consumers were cautious about spending amid uncertainties surrounding Brexit, data from the Office for National Statistics revealed Thursday. Retail sales volume, including auto fuel, was unchanged from the previous month, following a 0.3 percent drop in August. Sales were forecast to fall 0.2 percent.

guydebelle-oct17.jpg Reserve Bank of Australia Deputy Governor Guy Debelle said the construction activity is set to continue its downward trend and the effect on the broader economy is somewhat more than expected. Much of the downturn in construction activity is still ahead, he said in a speech on Thursday. "We are forecasting a further 7 per cent decline in dwelling investment over the next year, and there is some

preview-oct17.jpg Retail sales data from the UK is due on Thursday, headlining a light day for the European economic news. At 3.30 am ET, Statistics Sweden is scheduled to issue unemployment figures. Economists forecast the jobless rate to fall to 6.7 percent in September from 7.1 percent in August.

The unemployment rate in Australia came in at a seasonally adjusted 5.2 percent in September, the Australian Bureau of Statistics said on Thursday. That was shy of expectations for 5.3 percent, which would have been unchanged from the August reading. The Australian economy added 14,700 jobs last...

Australia will on Thursday release jobless numbers for September, highlighting a modest day for Asia-Pacific economic activity. The unemployment rate is expected to hold steady at 5.3 percent, with the addition of 15,000 jobs following the gain of 34,700 jobs in August. The participation rate is called...

eccles-building-110818_16oct19.jpg Two weeks ahead of the Federal Reserve's next monetary policy meeting, the central bank's Beige Book said Wednesday the U.S. economy expanded at only a slight to modest pace over the past month. The Beige Book, a compilation of anecdotal evidence on economic conditions in the twelve Fed districts, noted business activity varied across the country.

businesinventories-161019.jpg The Commerce Department released a report on Wednesday showing little change in U.S. business inventories in the month of August. The report said business inventories came in virtually unchanged in August after climbing by a revised 0.3 percent in July.

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