Empire State Manufacturing Index climbed to 22.5

Business activity grew robustly in New York State, according to firms responding to the March 2018 Empire State Manufacturing Survey. The headline general business conditions index climbed nine points to 22.5. The new orders index rose to 16.8 and the…

Unemployment Claims decreased to 226,000

In the week ending March 10, the advance figure for seasonally adjusted initial claims was 226,000, a decrease of 4,000 from the previous week's revised level. The previous week's level was revised down by 1,000 from 231,000 to 230,000. The…

David Davis says he could live with shorter Brexit transition period

David Davis, the Brexit secretary, has said he “could live with” a 21-month transition period as Britain leaves the EU. He made the concession, demanded by commission negotiators, with EU talks in Brussels a week away. Davis told BBC Newsnight:…

MI Inflation Expectation rose to 3.7%

The Australian Dollar didn’t show much enthusiasm for the Melbourne Institute of Applied Economic and Social Research inflation survey. There, price expectations for the next 12 months are anchored at 3.7%, higher than the 3.6% reported outcome back in February.…

U.S. Retail Sales down by 0.1%

U.S. retail sales unexpectedly fell in February for a third month, adding to signs that consumer spending will cool this quarter from the previous period’s hot pace, according to Commerce Department figures released Wednesday. Overall sales fell 0.1% (est. up…

U.S. PPI rose by 0.2%

The Producer Price Index for final demand advanced 0.2 percent in February, seasonally  adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices rose 0.4  percent in January and were unchanged in December. On an unadjusted basis, the…

Eurozone Industrial Production fell by 1.0%

In January 2018 compared with December 2017, seasonally adjusted industrial production fell by 1.0% in the euro area (EA19) and by 0.7% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In December 2017,…

China's Industrial Production increased more than expected

The Australian Dollar got a lift Wednesday from some broadly upbeat Chinese economic data. February’s industrial production rose by 7.2%, a full percentage point above expectations. Fixed-asset investment rose by 7.9%, when a 7% gain had been expected. Retail sales

US CPI grew by 0.2%

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent in February on a seasonally adjusted basis after rising 0.5 percent in January, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months,nthe all items…

Hammond Tries to Talk Up U.K., But Numbers Don't Back Him

Philip Hammond tried to talk up the U.K. economy, but the numbers don’t back him up. In 2021, when the U.K.’s Brexit transition will have ended, the government’s budget watchdog lowered its growth forecast. What’s more, it looks like the…

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