UK economy likely to remain down trodden in the coming months, says BCC
Sep 12, 2016 07:08 am UTC| Commentary Economy
Economic growth in the United Kingdom is expected to remain on a downhill in the upcoming months, following weak consumer spending amid a large reduction in business investment. Also, uncertainty and fears surrounding the...
Russia’s economic growth likely to decline in 2016, recession expected to last until early 2017
Sep 12, 2016 06:35 am UTC| Commentary Economy
Economic growth in Russia is expected to decline in 2016 and next year, before returning to growth in 2018 and the years ahead. However, the ongoing recessionary phase is expected to last until early 2017 as activity in a...
US wholesale inventories remain flat in July, suggest modest growth in Q3
Sep 12, 2016 05:49 am UTC| Commentary Economy
Wholesale inventories in the United States remained unchanged during the month of July, while sales declined to six-month low during the same period, suggesting that a modest growth is awaiting at the start of the third...
Global economy remains in slow lane in August
Sep 12, 2016 05:35 am UTC| Commentary Economy
PMI survey data indicated that the global economic growth accelerated higher for the third straight month in August. However, it was unsuccessful in breaking out of its worst spell for three years, said IHS Markit in a...
Japan’s producer prices logs biggest monthly drop since April, remain weaker than estimates
Sep 12, 2016 05:33 am UTC| Commentary Economy
Producer prices in Japan logged the biggest monthly drop since the month of April, recording the smallest annual contraction in six months. Moreover, prices remained weaker than what markets had initially...
Canadian jobs likely to rise steadily in coming quarters
Sep 12, 2016 05:10 am UTC| Commentary Economy
Canadas employment growth normalized in August. The nation added a total of 26.2k jobs in the month. With the labor force growing, the jobless rate reached 7 percent in August. On six month moving average basis, employment...
Japan machinery orders surprisingly rise for 2nd straight month in July
Sep 12, 2016 05:09 am UTC| Commentary Economy
Machinery orders in Japan unexpectedly rose for the second straight month in a row in July, releasing a preliminary sign that the ailing economy is on a gradual path of improving demand, leading to higher corporate...