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| As on Feb 18, 2019 12:00 AM |
Your results on : Currency News |
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| UK housing affordability improved at the fastest pace in eight years in February, but annual house price growth remained weak, survey data from the property market data website Rightmove showed on Monday. UK's annual average wage growth of 3.4 percent outstripped asking prices at the fastest rate since 2011, the survey found. Average asking prices rose 0.7 percent month-on-month in February, after a 0.40 percent rise in January. Prices rose for a second straight month in February. Compared to the same month a year ago, house prices were 0.2 percent in February, which was the weakest pace since 2009. Powered by Commodity Insights |
| New Zealand services sector continued to expand in January, and at a faster pace, the latest survey from BusinessNZ revealed on Monday with a Services PMI score of 56.3. That's up from 53.2 in December, and it moves further above the boom-or-bust level of 50 that separates expansion from contraction. Among the individual components, supplier deliveries, new orders, employment and sales all expanded, while stocks and inventories fell barely into contraction. Powered by Commodity Insights |
| Japan core machine orders eased 0.1 percent on month in December, the Cabinet Office said on Monday, following the flat reading in November. On a yearly basis, core machine orders were up 0.9 percent, following the 0.8 percent increase in the previous month. Core machine orders for the fourth quarter of 2018 were down 4.2 percent on quarter and up 2.0 percent on year. For the first quarter of 2019, core machine orders are predicted to fall 1.8 percent on quarter and gain 1.5 percent on year. Powered by Commodity Insights |
| Eurozone's seasonally adjusted trade surplus fell to EUR 15.6 billion in December from EUR 15.8 billion in November, as exports decreased, while imports were unchanged, figures from the statistical office Eurostat showed on Friday. Exports decreased 0.1 percent month-on-month, while imports were unchanged. On a non-seasonally adjusted basis, the trade surplus fell to EUR 17 billion from EUR 24.5 billion a year ago. Exports decreased 2.5 percent year-on-year, while imports grew 1.9 percent. Trade with the euro area countries shrunk 1.2 percent year-on-year in December. Powered by Commodity Insights |
| UK retail sales recovered strongly in January on robust clothing and footwear sales supported by price cuts, preliminary data from the Office for National Statistics showed on Friday. Retail sales including auto fuel rose 1% from December, when they fell 0.7%. On a year-on-year basis, retail sales including auto fuel rose 4.2% in January, which was the biggest increase since December 2016. Powered by Commodity Insights |
| UK retail sales including auto fuel rose 1 percent in January from December, when they decreased 0.7 percent, preliminary data from the Office for National Statistics showed on Friday. Retail sales rebounded strongly at the start of the year, rising at a faster-than-expected pace, led by robust clothing and footwear sales supported by price cuts. On a year-on-year basis, retail sales including auto fuel rose 4.2 percent in January, which was the biggest increase since December 2016. Powered by Commodity Insights |
| China consumer prices were up 1.7 percent on year in January, the National Bureau of Statistics said on Friday, as compared to an increase of 1.9% in December. On a monthly basis, consumer prices were up 0.5 percent following the flat reading in December. Powered by Commodity Insights |
| US producer price index for final demand slipped by 0.1 percent for the second straight month in January, reflecting steep drops in food and energy prices, the Labor Department reported on Thursday. The unexpected dip in producer prices was partly due to the sharp drop in energy prices, which plunged by 3.8 percent in January after plummeting by 4.3 percent in December. Food prices also showed a substantial pullback, tumbling by 1.7 percent in January after surging up by 2.6 percent in the previous month. Excluding food and energy prices, core producer prices climbed by 0.3 percent in January after coming in unchanged in December. Core producer prices were expected to rise by 0.2 percent. Powered by Commodity Insights |
| First-time claims for US unemployment benefits increased in the week ended February 9th, a report released by the Labor Department on Thursday showed. The report said initial jobless claims rose to 239,000, an increase of 4,000 from the previous week's revised level of 235,000. The Labor Department said the less volatile four-week moving average climbed to 231,750, an increase of 6,750 from the previous week's revised average of 225,000. With the increase, the four-week moving average reached its highest level since hitting 234,000 in late January of 2018. Powered by Commodity Insights |
| US retail sales tumbled by 1.2 percent in December after inching up by a revised 0.1 percent in November, according to government shutdown-delayed data released by the Commerce Department on Thursday. The unexpected slump in retail sales came despite a notable increase in sales by motor vehicles and parts dealers, which surged up by 1.0 percent in December after climbing by 0.7 percent in November. Powered by Commodity Insights |
| US business inventories edged down by 0.1 percent in November after climbing by 0.6 percent in October, Government shutdown-delayed data released by the Commerce Department on Thursday showed. The unexpected decrease was partly due to a pullback in retail inventories, which fell by 0.4 percent in November after increasing by 0.8 percent in October. Manufacturing inventories also slipped by 0.1 percent during the month, while wholesale inventories rose by 0.3 percent. The Commerce Department also said business sales dropped by 0.3 percent in November after inching up by 0.1 percent in October. Powered by Commodity Insights |
| Germany's wholesale price inflation index climbed 1.1 percent year-on-year in January after a 2.5 percent rise in December, figures from the Federal Statistical Office showed on Thursday. The pace was the slowest since February 2017, when prices rose 1.1 percent. The biggest increase was in the prices of cereals, raw tobacco, seeds and animal feed stuffs by 18.9 percent annually. Prices of waste and residual materials and live animals declined by 9.8 percent and 5.6 percent, respectively. On a monthly basis, the wholesale prices declined by 0.7 percent following a 1.2 percent fall in the previous month. Prices fell for the second month in a row. Powered by Commodity Insights |
| Eurozone's economic growth in the fourth quarter was in line with the initial estimates released late January. Gross domestic product grew 0.2% from the third quarter, when the economy expanded at the same pace. Compared to the same quarter a year ago, GDP rose 1.2% after a 1.6% increase in the three months to September. The full year growth for 2018 was confirmed at 1.8% versus 2.4% in 2017. Powered by Commodity Insights |
| China's exports surged in January because of a boost in exports to the European Union and Southeast Asia. Some front-loading of orders ahead of the Lunar New Year holiday in February also helped. Data from China's General Administration of Customs released on Thursday showed that January's exports jumped 9.1% from a year earlier. In December, exports had recorded a fall of 4.4%. Exports to the European Union spurted 14.5% in January from a year earlier, while exports to ASEAN nations also improved by 11.5%. However, the US exports fell 2.8% year on year in January after a 3.5% drop in December. Total imports dropped 1.5% in January from a year earlier, after 7.6% plunge in December. The overall trade surplus narrowed to US$39.16 billion in January from US$57.06 billion in December. Powered by Commodity Insights |
| Germany's gross domestic product was unchanged from the third quarter, when the economy shrunk 0.2 percent, preliminary data from the Federal Statistical Office showed on Thursday. Positive contributions to growth mainly came from domestic demand. Gross fixed capital formation grew strongly, especially in construction and machinery and equipment. Household spending grew slightly, while government expenditure rose markedly. Meanwhile, foreign trade failed to make a positive contribution to growth in the fourth quarter with both exports and imports rising at the same pace sequentially. On a year-on-year basis, GDP rose an unadjusted 0.9 percent in the fourth quarter after a 1.1 percent increase in the previous three months. Powered by Commodity Insights |
Wholesale Price Index (WPI) inflation fell to 10 month low of 2.76% in January, according to government data released Thursday. The WPI inflation stood at 3.8% in December, 2018, and 3.02% in January 2018. Build up inflation rate in the financial year so far was 2.49% compared to a build up rate of 2.47% in the corresponding period of the previous year. Here are the details for major groups in the index: Primary Articles (Weight 22.62%): The index for this major group declined by 0.1% to 134.5 (provisional) from 134.7 (provisional) for the previous month. Fuel and Power (Weight 13.15%): The index for this major group declined by 4.1% to 99.3 (provisional) from 103.5 (provisional) for the previous month.
Manufactured Products (Weight 64.23%): The index for this major group declined by 0.3% to 117.9 (provisional) from 118.3 (provisional) for the previous month. WPI Food Index (Weight 24.38%): The rate of inflation based on WPI Food Index consisting of ‘Food Articles’ from Primary Articles group and ‘Food Product’ from Manufactured Products group increased from 0.07% in December, 2018 to 1.84% in January, 2019. Powered by Commodity Insights |
| Japan's gross domestic product added a seasonally adjusted 0.3 percent on quarter in the fourth quarter of 2018, the Cabinet Office said on Thursday, following the 0.6 percent contraction in the three months prior. On a yearly basis, GDP climbed 1.4 percent after sinking 2.5 percent in the third quarter. Nominal GDP was up 0.3 percent on quarter, following the 0.7 percent drop in Q3. Powered by Commodity Insights |
| US consumer prices were unchanged for the third straight month in January, according to a report released by the Labor Department on Wednesday, matching the revised reading for December. The unchanged reading on consumer prices came as another steep drop in energy prices was offset by increases in prices for other goods and services. The report said energy prices plummeted by 3.1 percent in January after tumbling by 2.6 percent in December and 2.8 percent in November. Prices for gasoline continued to lead the way lower, plunging by 5.5 percent in January following a 5.8 percent nosedive in December. Excluding the slump in energy prices as well as a modest increase in food prices, core consumer prices rose by 0.2 percent for the fifth consecutive month. Powered by Commodity Insights |
| Eurozone industrial production fell 0.9 percent in December from November, when it decreased 1.7 percent, figures from Eurostat showed on Wednesday. Production of both capital goods and non-durable goods decreased 1.5 percent each and that of energy fell 0.4 percent. Intermediate goods output was unchanged, while production of consumer goods rose 0.7 percent. Compared to a year ago, production shrunk 4.2 percent after a 3 percent decline in November. In 2018, industrial production rose an average 1.1 percent in the euro area. Powered by Commodity Insights |
| UK consumer price index rose 1.8 percent year-on-year in January following a 2.1 percent increase in December, figures from the Office for National Statistics showed Wednesday. Headline inflation was the slowest since January 2017, when prices rose at the same pace. Inflation thus fell below the Bank of England's 2 percent target in January. Core inflation was steady at 1.9 percent at the start of the year. ONS data also showed that input price inflation eased to 2.9 percent from a revised 3.2 percent. The core input price inflation slowed to 4.6 percent from 4.7 percent. Output price inflation eased to 2.1 percent from a revised 2.4 percent in December. The core output price inflation was steady at 2.4 percent in January. Powered by Commodity Insights |
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