Mainly on strong demands from service sectors, Japan's core machinery orders have continuously surged, and hit a 10-year zenith in November, 2017, showing that the Japanese government's efforts on encouraging local enterprises to invest in ...
Tags: Core Machinery
Inflation across the 19-country euro area hit a four-year high of 2.0 percent in February thanks to soaring prices of energy, said Eurostat, the statistical agency of the European Union (EU) on Thursday. The latest inflation figure is ...
Tags: Eurozone Inflation, inflation
The outline for China’s 13th five-year plan isn’t exactly summer beach reading: The 65,858-character document, which lays out in broad terms how China’s leaders want the country’s economy to develop between now and ...
Tags: five-year plan, political economy
The priorities set out by Chinese leaders at a key economic meeting have prompted strong interest among foreign media organizations. The Central Economic Work Conference, which was held here from Friday to Monday, reviewed China's ...
China's foreign exchange reserves, the world's largest, fell by US$87.2 billion in November to US$3.44 trillion, central bank data showed yesterday, the lowest level since February 2013 and the third largest monthly drop on record. ...
Tags: Forex Reserves, foreign exchange
WASHINGTON (AP) — Orders for long-lasting manufactured goods rebounded in June after a May decline, helped by a recovery in demand in a key category that signals business investment plans. Orders for durable goods increased 0.7 ...
Tags: Orders, U.S., Electrical, Electronics
US manufacturing expanded for the 14th straight month in July in a good sign for the overall economy. The Institute for Supply Management, a trade group of purchasing managers, reported Friday that its manufacturing index rose to 57.1, ...
U.S. factory output rose further last month, extending strong growth from February after harsh weather had caused production to tumble in January. Manufacturers produced more furniture, clothing, chemicals and aerospace products. The ...
Tags: U.S.Factory, Solid Gains
Starting Monday the value of the renminbi will be allowed to fluctuate 2% above or below a daily reference rate set by the People’s Bank of China. Widening the band, which had a 1% range in both directions since April 2012, was a ...
Tags: Yuan Trading Band, central bank
A week of talking about ambitious plans for the Chinese economy was followed by a weekend of reality as key economic data were released. Journalists in Beijing flocked around a beleaguered spokesman whilst analysts elsewhere were cursing ...
Tags: Chinese economy, export data
Americans spent more in January, but the increase came from a surgeA transient variation in the current and/or potential at a point in the circuit. in spending on heating bills during the harsh winter. Spending in areas such as autos and ...
Tags: Energy Costs, durable goods
China's economy is finally rebounding from its deepest slump since the 2008 global crisis but the shaky recovery could be vulnerable to a new downturn in global trade. Growth rose to 7.9 percent in the three months ending in December, up ...
When the world was digesting news of Detroit’s bankruptcy in July, the biggest ever by a municipality in the US, attention in China turned to the highly indebted government of Jiangsu province. Provincial, city and county authorities ...
Tags: Bond Markets, Local Officials
It’s been a good few weeks for China’s economic decision-makers. Official data showed exports in August rose 7.2% from a year earlier, surpassing all forecasts. The official purchasing managers’ index (PMI) for ...
Tags: Wrong Growth Path
The official manufacturing Purchasing Managers' Index is in for August and the numbers are rosy. Sell-siders are happy. China bulls just got one more boost from a lengthening list of comfortable economic figures. “It's a real ...
Tags: Healthy PMI, Medium Firms