Philadelphia Fed manufacturing index drops in April, in line with healthy manufacturing output growth

Apr 20, 2017 16:50 pm UTC| Commentary

The Philadelphia Fed manufacturing index for the month of April dropped to 22 from 32.8 in March and 43.3 in February. The reversal of the index in April is characterized as coming back to reality, stated Barclays in a...

U.S. initial jobless claims rise modestly in April reversing March weakness

Apr 20, 2017 16:49 pm UTC| Commentary

Initial jobless claims in the U.S. for the week ended 15 April increased by 10,000 to 244,000, consistent with consensus expectations of claims rising modestly to 240,000. The four-week moving average initial claims...

U.S. Leading Economic Index rises again in March, signals moderate economic growth this year

Apr 20, 2017 16:05 pm UTC| Commentary

The Leading Economic Index for the U.S. rose again in the month of March, rising 0.4 percent. This is the seventh straight rise. Of the total components, six of them contributed to the topline figure, whereas two segments...

Turkey's consumer confidence index edges higher in April

Apr 20, 2017 15:38 pm UTC| Commentary

Data released by Turkish Statistical Institute, Turkstat, on Thursday showed that Turkeys consumer confidence index rose 5.1 percent month-on-month in April to 71.3. All sub-indexes were higher suggesting good overall...

China's capital outflow pressure ease significantly in Q1, net foreign exchange sales fall 67 pct y/y - SAFE

Apr 20, 2017 15:05 pm UTC| Commentary

According to data released by State Administration of Foreign Exchange (SAFE) on Thursday, Chinese banks net foreign exchange sales contracted 67 percent year-on-year to 281.5 billion yuan ($40.9 billion) in Q1 2017 as the...

Central Banking Series

RBI strengthens tools to address problems at struggling banks - Fitch

Apr 20, 2017 14:15 pm UTC| Commentary Central Banks Economy

The Reserve Bank of India (RBI) has tightened the thresholds for capital ratios, NPLs, profitability and leverage - at which banks enter the prompt corrective action (PCA) framework. The move could suggest a greater...

PBoC lifts curb on outbound renminbi payments as outflows pressure eases

Apr 20, 2017 13:59 pm UTC| Commentary Central Banks Economy

The Peoples bank of China (PBoC) has scrapped a restriction on cross-border capital movement imposed in January as outflows pressure eases. This was the first concrete move to loosen capital controls since authorities...