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News

China's GDP grew by 6.8% in Q4

China’s economy grew faster than expected in the fourth quarter of 2017, as an export recovery helped the country post its first annual acceleration in growth in seven years, defying concerns that intensifying curbs on industry and credit would hurt…

Australian economy added jobs, but unemployment rate rose

The Aussie economy added 34,700 jobs in December, massively ahead of the 15,000 forecast. Coming after a blockbuster set of November data this further surge might have been expected to boost the currency. But the devil appears to have been…

US Industrial Production increased more than expected

U.S. industrial production increased more than expected in December as unseasonably cold weather at the end of the month boosted demand for heating, but manufacturing output barely rose, pointing to moderate growth in the industrial sector. Strong demand for utilities…

Deutsche Bank says hundreds not thousands of staff will move after Brexit

Deutsche Bank plans to move hundreds of staff out of London as a result of Brexit rather than the thousands first feared, a senior executive has said. It is the latest global lender to roll back on suggestions of an…

Eurozone inflation at 1.4%

Euro area annual inflation was 1.4% in December 2017, down from 1.5% in November. In December 2016, the rate was 1.1%. European Union annual inflation was 1.7% in December 2017, down from 1.8% in November. A year earlier the rate…

Australian Home Loans up by 2.3%

The total value of dwelling commitments excluding alterations and additions (trend) was flat in November 2017 compared with October 2017, while the seasonally adjusted series rose 2.3% in November 2017. The total value of owner occupied housing commitments (trend) rose…

Empire State Manufacturing Index declined to 17.7

Business activity continued to grow at a solid clip in New York State, according to firms responding to the January 2018 Empire State Manufacturing Survey. The headline general business conditions index, at 17.7, was little changed from last month’s level.…

UK CPI down to 3.0% in December

The Consumer Prices Index including owner occupiers’ housing costs (CPIH) 12-month inflation rate was 2.7% in December 2017, down from 2.8% in November 2017. Following a steady increase from late 2015, since April 2017 the CPIH rate has levelled off,…

German CPI rose by 1.8%, final data shows

Consumer prices in Germany rose by 1.8% on an annual average in 2017 compared with 2016. The increase was above the relevant levels of the past four years. Between 2014 and 2016, the year-on-year-rates of price increase were even below…

New Motor Vehicle Sales increased by 4.5%

The December 2017 trend estimate (99,756) increased by 0.2% when compared with November 2017. In seasonally adjusted terms sales rose by 4.5%. When comparing national trend estimates for December 2017 with November 2017, sales for Sports utility and Other vehicles…

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