New Zealand’s trade balance likely to deteriorate modestly over next year
Aug 24, 2016 07:30 am UTC| Commentary Economy
New Zealands headline unadjusted monthly trade deficit came in slightly wider than expected in July at NZD 433 million. But a one-off import, valued at NZD 258 million stimulated values of import. Excluding this, New...
US new home sales rise in July; downward revision of June data indicates weaker performance in Q2
Aug 24, 2016 06:25 am UTC| Commentary Economy
US new home sales grew robustly in July, while Junes data was revised down. In July, new home sales rose a solid 12.4 percent month-on-month to 654,000, higher than consensus expectations of 580,000. Junes sales were...
Aug 24, 2016 05:45 am UTC| Commentary Economy
Construction work in Australia declined steeply in the second quarter of 2016 due to a sharp drop in mining-related engineering construction. Total construction fell 3.7 percent in the second quarter, negatively...
US manufacturing PMI weakens in August, companies signal softer growth in new work
Aug 24, 2016 05:16 am UTC| Commentary Economy
Goods producers in the US witnessed a further improvement in overall business conditions in August. However, the pace of rebound was slower than in July. Output in August continued to increase noticeably, but total new...
FxWirePro: The Day Ahead- 24th August, 2016
Aug 24, 2016 04:42 am UTC| Commentary Economy
Not many economic dockets and events are scheduled for today and all with low to medium volatility risks associated. Data released so far: Australia: Construction work declined by 3.7 percent in the second...
Chart of the Day: Surprising Britain
Aug 23, 2016 15:19 pm UTC| Commentary Economy
The UK economy has so far defied the popular expectations of a doom gloom scenario, especially after the referendum. This chart from Citi, shared by Soberlook.com shows to what extent the economy has defied the doomsayers....
Briferendum Aftermath Series: UK’s economic surprise index defies Brexit
Aug 23, 2016 12:02 pm UTC| Commentary Economy
The UK economy has been beating expectations so far. While economists have been expecting amajor downturn, the economy has been standing out pretty well, except for the initial downbeat economic sentiment reading. The...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects