Sunday, 23 September 2018
New York
Thursday, 20 September 2018 15:49 WIB

U.K. retail sales unexpectedly increased last month as the warmest summer on record encouraged shoppers to splash out. Sales rose 0.3 percent from July, compared with a median estimate of a 0.2 percent decline in a Bloomberg survey. Figures for the previous month were also revised up, according to data from the Office for National Statistics in London.  The increase was led by household goods such as furniture and electrical items. Sales of food and clothing fell on the month after strong gains in July. Excluding auto fuel, sales also rose 0.3 percent.  The warm weather helped...

U.K. Inflation Unexpectedly Accelerates on Theater Prices, Fares
Wednesday, 19 September 2018 15:53 WIB | Ekonomi inggris UK Inflation

U.K. inflation unexpectedly accelerated in August, boosted by the cost of theater shows, computer games, transport fares and clothing. Annual consumer-price growth quickened to 2.7 percent from 2.5 percent in July, the Office for National Statistics said on Wednesday. The median forecast in a Bloomberg survey was 2.4 percent. Upward pressure came mainly from prices in the recreation and culture sector, which jumped 3.6 percent, the most since 2010. There were offsetting influences from furniture prices and mobile-phone charges. The figures may raise questions about how quickly inflation...

Retail Sales Grow By Smallest Amount In Six Months
Friday, 14 September 2018 19:51 WIB | Retail Sales Ekonomi AS

U.S. retailers posted the weakest sales in August in six months and only an increase in purchases at gas stations prevented an outright decline, but the soft patch in spending is unlikely to last. Retail sales rose a scant 0.1% in August, the government said Friday. Economists polled by MarketWatch had forecast a 0.3% increase. The numbers would have been even worse if not for a 1.7% spike in spending at gas stations. Retail sales omitting car fuel fell 0.1%. One saving grace in an otherwise drab report was a sunnier look at what consumers spent in July. Retail sales were raised to show a...

U.S. Core Inflation Unexpectedly Cools on Apparel, Medical Costs
Thursday, 13 September 2018 19:48 WIB | Ekonomi AS CPI Amerika

A gauge of underlying U.S. inflation unexpectedly cooled in August as apparel prices fell by the most in about seven decades and medical-care costs declined, offering Americans a respite from accelerating price gains. Excluding volatile food and energy costs, the core consumer price index rose 2.2 percent in August from a year earlier, compared with the 2.4 percent median estimate of economists surveyed by Bloomberg News, a Labor Department report showed Thursday. The broader CPI slowed to a 2.7 percent annual gain from 2.9 percent. The cooling of price gains, along...

Producer Prices in U.S. Decline for First Time in 18 Months
Wednesday, 12 September 2018 19:41 WIB | Ekonomi AS IndeksHarga ProdusenAS

U.S. producer prices unexpectedly fell in August, the first drop in 18 months, on declines in costs for services and foods, a Labor Department report showed Wednesday in Washington. Producer-price index dropped 0.1% m/m (est. 0.2% rise) after no change in prior month; up 2.8% y/y, least since Feb. (est. 3.2%) after 3.3% gain. Excluding food and energy, core gauge fell 0.1% m/m (est. 0.2% rise); up 2.3% y/y (est. 2.7%) after 2.7%. PPI excluding food, energy, and trade services, a measure some economists prefer because it strips out the most volatile components, rose...

UK Wage Growth Climbs More Than Forecast in Tight Labor Market
Tuesday, 11 September 2018 15:56 WIB |

UK wage growth accelerated over the summer amid the lowest jobless rate in the more than four decades. Earnings excluding bonuses rose an annual 2.9 percent in the three months through July, more than the 2.8 percent economists forecast. The jobless rate held at 4 percent, the lowest since 1975, the Office for National Statistics said Tuesday. A tightening labor market prompted the Bank of England to increase interest rates last month to their highest level since 2009. Muted productivity means that even a modest wage pickup could fuel inflation as companies raise prices to protect their...

Hong Kong Stocks Head Into Weekend On Strong Note (Review)

Hong Kong stocks posted a fourth day of gains Friday to end the week with a sparkle following a record close on Wall Street, with investors concentrating on the healthy US economy rather than the China-US trade row. The Hang Seng Index rose 1.73...

Dow marks 2nd all-time high in a row but tech stocks weigh on broader market

The Dow Jones Industrial Average notched its second straight record close in succession, but declines in consumer-discretionary shares and technology weighed on the broader market. The Dow closed up 0.2% at 26,719 (on a preliminary basis). while...

US Slaps Sanctions on Chinese Military Agency

China has called on the United States to withdraw sanctions it imposed on a Chinese military agency for buying Russian weapons or 'bear the consequences.' Speaking to reporters Friday, foreign ministry spokesman Geng Shuang said that Beijing had...

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Japan June core CPI rises 0.8 pct yr/yr
Friday, 20 July 2018 07:40 WIB

Japan's core consumer prices rose 0.8 percent in June from a year earlier, government data showed on Friday. The core consumer price index, which includes oil products but excludes fresh food...

Construction spending ticks up in July, led by public sector
Tuesday, 4 September 2018 21:25 WIB

Construction expenditures were 0.1% higher in July than in June, led by the public sector, the Commerce Department said Tuesday. Outlays in July were 5.8% higher than a year ago. All of the...

U.K. Manufacturing Growth Slows to 2-Year Low as Exports Falter
Monday, 3 September 2018 16:08 WIB

U.K. manufacturing growth unexpectedly slowed to the weakest in two years last month as export orders contracted amid a weakening of the global economy. IHS Markit's Purchasing Managers' Index fell...

Jobless claims cling near 45-year low
Thursday, 2 August 2018 19:56 WIB

Initial jobless claims, a tracker of sorts for layoffs in the U.S., crept higher at the end of July but clung near a half-century low. New claims inched up by 1,000 to 218,000 in the seven days...