Macro Indicators News Stream
Japan Q3 GDP Growth Weakest in A Year
The Japanese economy advanced 0.1 percent quarter-on-quarter in the three months to September 2019, below market expectations of a 0.2 percent expansion and following a 0.4 percent growth in the previous period, a preliminary estimate showed. This marked the weakest pace of expansion since a contraction in the September quarter last year, mainly due to a slowdown in household consumption and a negative contribution from net exports.
Nov 14, 2019 00:46 (GMT)
US Budget Gap Rises in October
The US budget deficit widened to USD 134 billion in October of 2019 from USD 100.5 billion a year earlier and compared with market expectations of a USD 133 billion gap. Receipts fell 2.8 percent to USD 245.52 billion while outlays went up 7.6 percent to USD 380 billion. Yet, October has been a deficit month in each of the last 66 fiscal years, since there are no major tax due dates in this month.
Nov 13, 2019 19:22 (GMT)
Fed Likely to Keep Rates Steady
The Fed sees the current stance of monetary policy as likely to remain appropriate as long as incoming information about the economy remains broadly consistent with the outlook of moderate economic growth, a strong labor market, and inflation near the 2 percent objective, Fed Chair said in prepared remarks to a US Congress committee, suggesting the central bank will leave the fed funds rate on hold for some time. Powell also showed concerns about the current fiscal policy saying that the federal budget is on an unsustainable path, with high and rising debt.
Nov 13, 2019 16:49 (GMT)
US Inflation Rate Above Forecasts
Annual inflation rate in the US increased to 1.8 percent in October of 2019 from 1.7 percent in September. Figures came above market expectations of 1.7 percent, boosted by a faster increase in cost of food and medical care services and a smaller decline in gasoline prices. The monthly rate rebounded to 0.4 percent, the highest in seven months.
Nov 13, 2019 14:13 (GMT)
Russia Q3 GDP Growth Beats Forecasts
Russia's gross domestic product grew by 1.7 percent year-on-year in the third quarter of 2019, following a 0.9 percent expansion in the previous period and beating market expectations of 1.6 percent, preliminary data showed.
Nov 13, 2019 13:58 (GMT)
India Inflation Rate Jumps to 1-1/2-Year High
India's retail price inflation rate climbed to 4.62 percent year-on-year in October 2019, the highest in over a year, from the previous month's 3.99 percent and above market expectations of 4.25 percent. Inflation rose above the Reserve Bank of India's medium-term target of 4 percent for the first time since July 2018, following recent cuts in interest rates.
Nov 13, 2019 13:24 (GMT)
Ghana October Inflation Rate Ticks Up to 7.7%
The annual inflation rate in Ghana increased to 7.7 percent in October 2019 from 7.6 percent in the previous month. Prices advanced faster for non-food products, in particular transport and alcoholic beverages, tobacco & narcotics; while food cost slowed.
Nov 13, 2019 12:44 (GMT)
Portugal Consumer Prices Confirmed Flat in October
Consumer prices in Portugal were unchanged from the previous year in October 2019, after a 0.1 percent decrease in the previous month and in line with market expectations.
Nov 13, 2019 11:37 (GMT)
German Inflation Rate Confirmed at 1-1/2-Year Low
The inflation rate in Germany was confirmed at 1.1 percent year-on-year in October 2019, down from 1.2 percent in the previous month. This was the lowest rate since February 2018, as energy deflation deepened while food and services prices increased at a softer pace.
Nov 13, 2019 10:29 (GMT)
Eurozone Industrial Output Continues to Contract
Industrial production in the Euro Area declined 1.7 percent from a year earlier in September 2019, following a 2.8 percent fall in the previous month and compared to market expectations of 2.3 percent drop. This was the 11th consecutive month of contraction in the industry sector.
Nov 13, 2019 10:20 (GMT)