U.S. construction spending falls in June on decline in residential private construction spending
Aug 03, 2020 18:33 pm UTC| Commentary
U.S. construction spending dropped in the month of June on fall in residential private construction spending. On a month-on-month basis, construction spending fell 0.7 percent, as compared with consensus expectations of a...
U.S. manufacturing operating conditions rebound in July, PMI index rose to 50.9
Aug 03, 2020 16:05 pm UTC| Commentary
U.S. manufacturing operating conditions rebound for the first time since February. The PMI data hinted at a further upward movement in the headline index, as manufacturers recorded the first rebound in operating conditions...
Swedish manufacturing PMI index rises in July
Aug 03, 2020 14:11 pm UTC| Commentary
The Swedish manufacturing PMI marked its first reading in expansionary territory since March. The rebound has begun. The headline index rose to 51 in July from Junes 47.3. The reading above 50 suggests that economic...
Aug 03, 2020 12:53 pm UTC| Commentary
Indonesian headline inflation decelerated further in the month of July, slightly below the central banks target band. On a year-on-year basis, the consumer price inflation slowed to 1.54 percent, below central banks 2-4...
Gold at record high on weaker dollar, global growth fears
Jul 31, 2020 09:26 am UTC| Commentary
Gold prices surged to a new all-time high and were on track for their best month in more than four years, as a weaker dollar and worries over the global economic fallout from the mounting COVID-19 cases dented investor...
U.S. economy contracts steeply in Q2 2020
Jul 30, 2020 15:20 pm UTC| Commentary
U.S. real GDP growth contracted a record-breaking 32.9 percent annualized in the second quarter of 2020. In non-annualized terms, the U.S. economy contracted 9.5 percent. The level of GDP is now 10.8 percent below its...
Jul 30, 2020 13:35 pm UTC| Commentary
German inflation rate dropped below the zero line in July. The headline inflation came in at -0.1 percent. Consensus expectations were for the inflation rate to remain a bit positive at 0.1 percent. The fall in consumer...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects