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News

Fed keeps rates unchanged, remains on road to December rate hike

The Federal Reserve kept interest rates unchanged on Wednesday and pointed to solid U.S. economic growth and a strengthening labor market while playing down the impact of recent hurricanes, a sign it is on track to lift borrowing costs again…

US private sector employment rose by 235,000, ADP report shows

Private sector employment increased by 235,000 jobs from September to October according to the October ADP National Employment Report. Mark Zandi, chief economist of Moody’s Analytics, said, “The job market rebounded strongly from the hit it took from Hurricanes Harvey…

UK Manufacturing PMI up to 56.3

The UK manufacturing sector started the final quarter of the year on a solid footing. Production and new order volumes continued to rise at robust rates, as companies benefited from strong domestic market conditions and rising inflows of new export…

China's Manufacturing PMI unchanged in October

The Caixin China General Manufacturing PMI was 51.0 in October, unchanged from September and remaining in expansionary territory. The sub-index for output fell for the third straight month in October and was weaker than the average seen over the first…

CB Consumer Confidence increased to 125.9

The Conference Board Consumer Confidence Index®, which had improved marginally in September (an upward revision), increased again in October. The Index now stands at 125.9 (1985=100), up from 120.6 in September. The Present Situation Index increased from 146.9 to 151.1,…

Eurozone CPI down to 1.4%

Euro area annual inflation is expected to be 1.4% in October 2017, down from 1.5% in September 2017, according to a flash estimate from Eurostat, the statistical office of the European Union.

China October factory growth slows more than expected

Growth in China’s manufacturing sector cooled more than expected in October in the face of tighter pollution rules that are forcing many steel mills, smelters and factories to curtail production over the winter. “Some regions stepped up pollution controls this…

UK Consumer Confidence down one point in October

GfK’s long-running Consumer Confidence Index slipped by one point to -10 in October. Both measures for the General Economic Situation decreased, while the measure for Personal Financial Situation over the last 12 months and the Major Purchase Index increased. The…

German CPI unchanged in October

The inflation rate in Germany as measured by the consumer price index is expected to be 1.6% in October 2017. Based on the results available so far, the Federal Statistical Office (Destatis) also reports that the consumer prices are expected…

UK Mortgage Approvals fell to 66,232

Broad money increased by £3.0 billion in September. Within this, the flow of household M4 was the largest contributor at £3.8 billion. The flow of M4 for private non-financial corporations (PNFCs) was -£1.5 billion, a particularly weak outturn. The net…

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