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News

German PPI rose by 0.2%

In August 2017 the index of producer prices for industrial products rose by 2.6% compared with the corresponding month of the preceding year. In July 2017 the annual rate of change all over had been 2.3%, as reported by the…

Australian Leading index remains below trend

The six month annualised growth rate in the Westpac-Melbourne Institute Leading Index, which indicates the likely pace of economic activity relative to trend three to nine months into the future, slipped from –0.04% in July to –0.19% in August. Westpac’s Chief…

U.S. Housing Starts Steady, Permits Rise Ahead of Hurricanes

Privately-owned housing units authorized by building permits in August were at a seasonally adjusted annual rate of 1,300,000. This is 5.7 percent above the revised July rate of 1,230,000 and is 8.3 percent above the August 2016 rate of 1,200,000.…

German Economic Sentiment improved significantly

The ZEW Indicator of Economic Sentiment for Germany improved in September 2017. Climbing 7.0 points compared to the previous month, the indicator now stands at 17.0 points. The indicator, however, still remains below the long-term average of 23.8 points.“The solid…

Australian House Prices increased more than expected

The price index for residential properties for the weighted average of the eight capital cities rose 1.9% in the June quarter 2017. The index rose 10.2% through the year to the June quarter 2017. The capital city residential property price…

Aussie pressured by RBA Meeting Minutes

After the ECB and then the BOC complained about the exchange rate, the RBA followed suit. It seems that everybody except the BOE wants a lower currency. For Australia’s central bank, it is certainly not the first time. While the…

Sterling slides as BoE's Carney signals limited, gradual rate hikes

Sterling slid nearly 1 percent on Monday, retreating from its highest level since the Brexit vote, after Bank of England Governor Mark Carney said any coming interest rate rises would be limited and gradual. Speaking at the International Monetary Fund…

Eurozone Final CPI at 1.5%

Euro area annual inflation was 1.5% in August 2017, up from 1.3% in July 2017. In August 2016 the rate was 0.2%. European Union annual inflation was 1.7% in August 2017, up from 1.5% in July 2017. A year earlier…

New Motor Vehicle Sales unchanged in August

The August 2017 trend estimate (100,809) increased by 0.3% when compared with July 2017, while on a seasonally adjusted basis there as no change. When comparing national trend estimates for August 2017 with July 2017, sales for Sports utility vehicles…

Asking prices for London homes record biggest falls this decade

Asking prices for homes in London have recorded their biggest annual fall so far this decade and have dropped on average by £18,000 in the space of just a month, the property site Rightmove said on Monday. But this headline…

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