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Australian Import Priced down by 1.6%, Export Prices fell 3.0%

The Import Price Index fell 1.6% in the September quarter 2017. This follows a fall in the June quarter 2017 of 0.1%. The fall was driven by lower prices paid for Telecommunication and sound recording equipment (-7.8%), Petroleum, petroleum products…

Durable Goods Orders up by 2.2%

U.S. orders for business equipment increased more than forecast in September, indicating solid investment momentum as the third quarter drew to a close, Commerce Department figures showed Wednesday. Non-military capital goods orders excluding aircraft climbed 1.3% (est. 0.3% gain) for…

UK GDP grew by 0.4%

UK gross domestic product (GDP) was estimated to have increased by 0.4% in Quarter 3 (July to Sept) 2017, a similar rate of growth to the previous two quarters. Services increased by 0.4%, the same rate as Quarter 2 (Apr…

German Business Climate increased to 116.7

A euphoric mood among German constructors and manufacturers drove business confidence to an all-time high in October, a survey showed, reflecting optimism that an upswing in Europe’s largest economy has further to run. The Munich-based Ifo economic institute said on…

Australian CPI missed market forecasts

Australia’s September quarter consumer price inflation (CPI) report has come in well below expectations, scuppering any talk of a near-term interest rate increase from the Reserve Bank of Australia (RBA). According to the Australian Bureau of Statistics (ABS), headline CPI…

BoE ready to raise rates

The Bank of England is seriously considering raising rates for the first time in 10 years against a backdrop of lacklustre economic growth, as a Guardian analysis shows the Brexit vote sapping business confidence and hitting household income. As Mark…

German Private Sector Output Growth Loses Momentum in October

Private sector output in Germany expanded at a slower pace than expected in October, dampening optimism over the health of the euro zone's largest economy, preliminary data showed on Tuesday. Market research group Markit said that its Flash German Composite…

French Private Sector Output Rises in October

French private sector activity rose more than expected in October, boosting the economic outlook of the euro zone’s second largest economy according to data released on Tuesday.The preliminary reading of the Markit services purchasing managers’ index came in at 57.4…

China's economy seen growing 6.8 percent in 2017 and 6.4 percent in 2018: Reuters poll

China's economy will likely grow 6.8 percent in 2017, topping the state target and accelerating for the first time in seven years, a Reuters poll showed, as Beijing walks a tightrope by containing debt and property risks without stunting economic…

UK business chiefs unite to demand urgent Brexit transition deal

UK business leaders have united to urge David Davis to quickly establish a Brexit transition deal that mirrors existing arrangements or risk losing British jobs and investment. In a letter to the Brexit secretary seen by the Guardian, five of…

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