Global Economic News


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.

nahb-101019.jpg Homebuilder confidence in the U.S. unexpectedly climbed to its highest level in well over a year in the month of October, the National Association of Home Builders revealed in a report on Wednesday. The report said the NAHB/Wells Fargo Housing Market Index jumped to 71 in October after inching up to 68 in September. Economists had expected the index to come in unchanged from the previous month.

retailsales-161019.jpg Retail sales in the U.S. unexpectedly decreased in the month of September, according to a report released by the Commerce Department on Wednesday. The Commerce Department said retail sales fell by 0.3 percent in September after climbing by an upwardly revised 0.6 percent in August. The drop came as a surprise to economists, who had expected sales to rise by 0.3 percent.

hongkong-sept06_16oct19.jpg Hong Kong's Chief Executive Carrie Lam unveiled measures to make housing affordable to citizens after anti-government protests dragged the economy into a recession. In her third policy address, Lam focused on housing, land supply, improving people's livelihood and economic development. Lam invited the Hong Kong Housing Authority to explore the feasibility of redeveloping its factory estates.

uk-aug15_16oct19.jpg UK consumer prices grew at a steady rate, which was below the Bank of England's target, in September and factory gate inflation eased to the weakest in three years, figures from the Office for National Statistics showed Wednesday. Consumer prices advanced 1.7 percent year-on-year, the same pace of growth as seen in August, and the lowest since late 2016.

preview-oct24_15oct19.jpg Consumer price data from the UK is due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, the European Automobile Manufacturers' Association publishes monthly new car registration figures for September. At 3.00 am ET, consumer prices from Austria and producer prices from the Czech Republic are due.

bankofkorea-july18_15oct19.jpg South Korea's central bank lowered its key interest rate as economic growth is set to fall below projection owing to the continued US-China trade disputes and escalating geopolitical risks. The Monetary Policy Board of the Bank of Korea on Wednesday decided to cut the base rate by 25 basis points to 1.25 percent. The rate matched the record low seen during 2017.

newzealandcpi-071510.jpg Consumer prices in New Zealand climbed 0.7 percent on quarter in the third quarter of 2019, Statistics New Zealand said on Wednesday - surpassing expectations for an increase of 0.6 percent, which would have been unchanged from the previous three months. Housing and household utilities rose 1.2 percent...

Consumer prices in New Zealand were up 0.7 percent on quarter in the third quarter of 2019, Statistics New Zealand said on Wednesday - surpassing expectations for an increase of 0.6 percent, which would have been unchanged from the previous three months. Housing and household utilities rose 1.2 percent...

New Zealand will release Q3 numbers for consumer prices on Wednesday, setting the pace for a light day in Asia-Pacific economic activity. Inflation is predicted to rise 0.6 percent on quarter and 1.4 percent on year after gaining 0.6 percent on quarter and 1.7 percent on year in the three months prior. Australia...

imf-101519.jpg Global economy is set to expand at the slowest pace in a decade this year amid weak manufacturing momentum, and rising trade and geopolitical tensions, the International Monetary Fund said Tuesday. The global lender cut the growth forecast for this year to 3 percent from 3.3 percent projected in April, in its latest World Economic Outlook.

empire-state-101519.jpg The Federal Reserve Bank of New York released a report unexpectedly showing a modest acceleration in the pace of growth in regional manufacturing activity in the month of October. The New York Fed said its headline general business conditions index edged up to 4.0 in October after dipping to 2.0 in September, with a positive reading indicating an increase in regional manufacturing activity.

germanyeconomic-oct16_15oct19.jpg German investors' confidence decreased less than expected in October, while their assessment of the current economic situation worsened to the lowest since 2010, survey data from the ZEW - Leibniz Centre for European Economic Research in Mannheim showed on Tuesday. The ZEW Indicator of Economic Sentiment for Germany dropped slightly to -22.8 from -22.5 in September. Economists had forecast a scor

uk-unempo-031517_15oct19.jpg The UK labor market weakened as the number of people out of work increased and employment declined the most in over four years in three months to August, data from the Office for National Statistics showed Tuesday. The level of unemployment increased by 22,000 to 1.31 million in three months to August and the number of people in work fell 56,000 to 32.69 million.

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