Economy flash news
German Data Beating Forecasts Signals Stronger Growth
German Data Beating Forecasts Signals Stronger Growth German business and investor confidence has beaten forecasts every month this year, suggesting the strength of Europe’s largest economy may have been underestimated. The Ifo institute’s business climate index, which today unexpectedly rose to a nine-month high, has beaten the median forecast in News surveys every month since [...]
U.K. March Retail Sales Surge on Warm Weather, Fuel Panic
U.K. March Retail Sales Surge on Warm Weather, Fuel Panic U.K. retail sales rose at the fastest pace for more than a year last month as the warmest March for half a century boosted purchases of clothing and gardening products and panic buying lifted auto-fuel demand. Sales including auto fuel gained 1.8 percent from February, [...]
Malaysian Industrial Output Growth Quickens as Exports Increase
Malaysian Industrial Output Growth Quickens as Exports Increase Malaysia’s industrial production growth accelerated to a 20-month high in February and exporters boosted shipments to China and Japan as an improving global economy increased demand for the country’s goods. Production at factories, utilities and mines gained 7.5 percent from a year earlier after rising a revised [...]
China Has Unexpected Trade Surplus as Imports Moderate
China Has Unexpected Trade Surplus as Imports Moderate ******************************************************************************** BFW 04/09 23:07 FX: AUD, NZD Extend Gains on China’s March Trade Surplus BFW 04/09 23:03 China’s March Imports Rise 5.3% Y/y vs Est. 9% BN 04/09 23:03 *CHINA’S MARCH IMPORTS RISE 5.3% FROM YEAR EARLIER BN 04/09 23:03 *CHINA’S MARCH TRADE SURPLUS $5.35 BILLION BN [...]
French Business Confidence Stalls, Factory Output Drops
French Business Confidence Stalls, Factory Output Drops French business confidence stagnated and factory output dropped, underlining the challenge the victor in the country’s presidential election will face in reviving economic growth. A gauge of sentiment among factory executives was unchanged at 95 in March after dropping in February, the Bank of France said today. Manufacturing [...]
U.S. February Wholesale Inventories Rise 0.9%, Sales Climb 1.2%
U.S. February Wholesale Inventories Rise 0.9%, Sales Climb 1.2% Inventories at U.S. wholesalers rose more than forecast in February as companies tried to keep pace with stronger demand. The 0.9 percent advance in stockpiles followed a 0.6 percent gain in January that was more than initially estimated, the Commerce Department reported today in Washington. Economists [...]
Japan Current Account Moving to Surplus Adds Support for Yen
Japan Current Account Moving to Surplus Adds Support for Yen Japan swung to a current-account surplus in February after a record deficit in January, lending support to a currency that officials have sought to weaken to aid exporters and economic growth. The excess in the widest measure of trade was 1.18 trillion yen ($14.5 billion) [...]
Nonfarm Payrolls *** Employers Added 120,000 Jobs in March, Fewest in Five Months
Nonfarm Payrolls *** Employers Added 120,000 Jobs in March, Fewest in Five Months Employers in the U.S. added fewer jobs than forecast in March, underscoring Federal Reserve Chairman Ben S. Bernanke’s concern that recent gains may not be sustained without a pickup in growth. The 120,000 increase in payrolls, the fewest in five months, followed [...]
Canada Jobs Grow Most Since 2008 as Firms Add Full-Time Workers
Canada Jobs Grow Most Since 2008 as Firms Add Full-Time Workers Canada added the most jobs since 2008 last month, a gain that was more than seven times greater than economists forecast and dominated by full-time positions. Employment rose by 82,300 following a February decline of 2,800, Statistics Canada said today in Ottawa, lowering the [...]
U.K. Manufacturing Unexpectedly Drops for Second Month
U.K. Manufacturing Unexpectedly Drops for Second Month U.K. manufacturing output unexpectedly declined for a second month in February, indicating the economy’s return to growth may be uneven. Factory output fell 1 percent from January, the most since April last year, the Office for National Statistics said today in London. The median forecast of 24 economists [...]
