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German Industrial Production fell by 0.1%

In January 2017, production in industry was down by 0.1% from the previous month on a price, seasonally and working day adjusted basis according to provisional data of the Federal Statistical Office (Destatis). In December 2017, the corrected figure shows…

Chinese Consumer Prices Spike Most In 5 Years

Yuan is tumbling after Chinese Consumer prices spiked 2.9% YoY in February - the biggest jump in inflation since Nov 2013. Consumer prices jumped 1.2% MoM and 2.9% YoY (considerably higher than the 2.5% jump expected). The biggest driver of…

ECB gives up on bigger bond buys en route to stimulus exit

The European Central Bank dropped a long-standing pledge on Thursday to increase its bond buying if needed, taking another small step in weaning the euro zone economy off its protracted stimulus. Keeping its broader policy unchanged, the ECB said it…

Unemployment Claims rose to 231,000

In the week ending March 3, the advance figure for seasonally adjusted initial claims was 231,000, an increase of 21,000 from the previous week's unrevised level of 210,000. The 4-week moving average was 222,500, an increase of 2,000 from the…

UK housing stock hits record low as buyer demand wanes

The average number of properties on estate agents' books has hit a record low and is "unlikely to improve", according to a survey by the Royal Institution of Chartered Surveyors (Rics). While a typical estate agent has 42 homes on…

Australian trade balance showed surplus of over $1 billion

Australia’s international trade balance swung back to surplus in January, recovering following a large deficit in December. According to the Australian Bureau of Statistics (ABS), a surplus of $1.055 billion was recorded during the month in seasonally adjusted terms, more…

U.S. Trade Balance deficit rose to $56.6 billion

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $56.6 billion in January, up $2.7 billion from $53.9 billion in December, revised. January exports were $200.9 billion, $2.7 billion…

ADP job employment increased 235,000

Private sector employment increased by 235,000 jobs from January to February according to the February ADP National Employment Report.“The labor market continues to experience uninterrupted growth,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute.

UK house prices index slowed to 1.8%

House prices continue to remain broadly flat, as they have since the end of last year. The annual rate of growth has slowed from 2.2% in January to 1.8% in February, the lowest rate of growth since March 2013. “The…

Australian GDP grew by 0.4% in Q4

The Australian economy grew 0.4 per cent in seasonally adjusted chain volume terms in the December quarter 2017, according to figures released by the Australian Bureau of Statistics (ABS) today. Chief Economist for the ABS, Bruce Hockman, said: “Growth this…

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