Macro Indicators News Stream
The US is releasing the second estimate of Q4 GDP growth in the coming week, alongside durable goods orders, personal income and outlays, and PCE price index. Elsewhere, all eyes turn to China's NBS PMI survey, the country's first major data release since the coronavirus outbreak, and to the NPC Standing Committee Meeting on Monday. Other important numbers include UK consumer morale, Eurozone business confidence, Germany unemployment and inflation, Japan industrial production and retail sales, and India Q4 GDP growth.
Feb 21, 2020 16:44 (GMT)
Minutes from the Federal Reserve, ECB, RBA and RBI will be in focus next week, while central banks in China, Turkey and Indonesia will be deciding on interest rates. On the economic data front, flash PMI surveys for the US, UK, Eurozone, Japan and Australia could provide an insight into the early impact of the coronavirus outbreak on the global economy. Other figures to follow include US housing data; UK jobs report, inflation and retail trade data; Japan Q4 GDP and trade balance; and Australia employment numbers.
Feb 14, 2020 18:54 (GMT)
The US will publish inflation, retail sales and industrial output data in the coming week, while the Fed Chair Powell testimony and quarterly earnings reports from almost 500 companies will also attract attention. Elsewhere, important data to follow include GDP numbers for the UK and Germany, consumer and producer prices for China, industrial output, inflation and trade balance for India, and business and consumer morale for Australia. Central banks in Mexico and New Zealand will be deciding on monetary policy, while the European Commission will publish its Winter Economic Forecast.
Feb 9, 2020 14:43 (GMT)
China January Trade Surplus Above Expectations
China's trade surplus widened to USD 39.16 billion in January 2020 from USD 38.41 billion in the same month a year earlier and beating market expectations of USD 38.64 billion, as exports unexpectedly soared while imports shrank less than estimated.
Feb 7, 2020 08:35 (GMT)
It will be a busy week in US with all eyes on January's job report, ISM PMI surveys, foreign trade balance, construction spending and factory orders. Elsewhere, China's markets are scheduled to open on Monday after an extended Lunar New Year closure following the coronavirus outbreak, while central banks in Australia, India, Brazil and Russia will be deciding on interest rates. The economic calendar also includes Eurozone retail trade, Germany factory orders, China trade balance and Caixin PMIs, Japan household spending, Australia foreign trade and retail sales; and Hong Kong GDP.
Jan 31, 2020 18:57 (GMT)
US GDP Grows 2.1% in Q4, Matches Forecasts
The US economy grew 2.1% in Q4, the same as in Q3 and matching forecasts, advance estimates showed. Consumer spending slowed sharply while net trade made the biggest contribution to growth since Q2 2009 amid a fall in imports. In contrast, negative contributions came from private inventory investment and nonresidential fixed investment. Considering full 2019, the economy advanced 2.3%, the least since 2016 and missing Trump administration's 3% target for the 2nd year.
Jan 30, 2020 14:51 (GMT)
Market volatility is expected in the coming week as Britain finally leaves the EU, while monetary policy decisions from the Fed and the Bank of England are also awaited. Other notable publications are US Q4 GDP growth, personal income and outlays, and durable goods orders; UK Gfk consumer confidence; Eurozone Q4 GDP figures, business survey and inflation rate; China NBS PMIs; Japan consumer morale, retail trade and industrial output; and Australia Q4 inflation and NAB business confidence.
Jan 24, 2020 18:25 (GMT)
Nigeria Holds Key Interest Rate at 13.5%
The Central Bank of Nigeria left its benchmark interest rate unchanged at 13.5% during its January meeting, as widely expected, as it seeks to contain price pressures. In December 2019, headline inflation rose to a 20-month high of 11.98%, well above the bank's target of 9%, amid lingering effects of borders closure and seasonal demand during the festive season. The bank also noted that growth improved slowly as the economy expanded 2.28% in Q3 2019 compared with 2.12% and 2.81% in the previous and corresponding quarters of 2018, respectively, largely driven by the oil sector. The GDP is seen growing 2.20% in Q4 2019 and 2.35% in Q1 2020. Other monetary policy parameters were kept steady but the cash reserve ratio was raised to 27.5% from 22.5%, for the first time in four years, to prevent potential inflationary pressures arising from excess liquidity in the banking system.
Jan 24, 2020 17:29 (GMT)
Japan Inflation Rate Hits 8-Month High
Japan's consumer price inflation rose to 0.8 percent year-on-year in December 2019 from 0.5 percent in the previous month and way above market consensus of 0.4 percent. This was the highest inflation rate since April, as food prices rose the most in 14 months and cost of housing increased further while transport prices rebounded.
Jan 24, 2020 00:52 (GMT)
Japan Trade Gap Widens in December
Japan's trade deficit rose to JPY 152.5 billion in December 2019 from JPY 55.7 billion a year earlier and compared with market expectations of JPY 150 billion. Exports fell 6.3 percent, the thirteenth consecutive month of decline, while imports slipped at a softer 4.9 percent. Considering full 2019, the country recorded a JPY 1643.8 billion trade deficit, the biggest gap in four years. Exports went down 5.6 percent and imports declined 5 percent.
Jan 23, 2020 09:57 (GMT)