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UK still likely to leave the EU with a negotiated agreement, says Number 10

A successful deal with the European Union remains the “most likely outcome” of ongoing Brexit talks, though there is a risk negotiations may fail, Downing Street has said. Theresa May’s official spokesman pointedly repeated the Prime Minister’s earlier warning that…

Sentix Investors Confidence rose to 14.7 in August

The summer heat in Europe is also causing economic temperatures to rise again. The overall Euro zone index rose by 2.6 points to 14.7 points in August. A complete all-clear cannot yet be given, because with negative expectations, the economy…

German factory orders -4.0% seasonally adjusted on the previous month

Based on provisional data, the Federal Statistical Office (Destatis) reports that price-adjusted new orders in manufacturing had decreased in June 2018 a seasonally and calendar adjusted 4.0% on the previous month. For May 2018, there was an increase of 2.6%…

China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll

China's exports are expected to have maintained solid growth in July despite new tariffs on billions of dollars of shipments to the United States, though the outlook has darkened as both sides raised the stakes in a trade conflict that…

Consumer sentiment slips in July, hampered by concerns over trade dispute

U.S. consumer sentiment slipped last month, pressured by rising fears over the repercussions of escalating tariffs. Sentiment among consumers fell to 97.9 in July from 98.2 in June, according to the University of Michigan's monthly survey of consumers. The decline…

US GDP grew by 4.1% in Q2

Real gross domestic product increased at an annual rate of 4.1 percent in the second quarter of 2018 according to the "advance" estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 2.2 percent (revised).…

German import prices in June 2018: +4.8% on June 2017

As reported by the Federal Statistical Office (Destatis), the index of import prices increased by 4.8% in June 2018 compared with the corresponding month of the preceding year. In May and in April 2018 the annual rates of change were…

Australian PPI rose by 0.3% in Q2

Australian PPI rose 0.3% in the June quarter 2018. This was mainly due to rises in the prices received for Heavy and civil engineering construction (+1.5%), Building construction (+1.2%) and Petroleum refining and petroleum fuel manufacturing (+11.9%). Rise was partly…

Canadian CPI rose 2.5%

The Consumer Price Index (CPI) rose 2.5% on a year-over-year basis in June, following a 2.2% increase in May. This is the largest year-over-year increase in the CPI since February 2012. This month's year-over-year CPI increase follows a year of…

UK Public Sector Net Borrowing was £39.4 billion

Public sector net borrowing (excluding public sector banks) in the latest full financial year (April 2017 to March 2018) was £39.4 billion; that is, £6.3 billion less than in the previous financial year (April 2016 to March 2017) and £5.8…

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