U.S. pending home sales fall sharply in October, likely to continue to fall in months ahead

Nov 29, 2018 19:07 pm UTC| Commentary

Pending home sales in the U.S. dropped in October, implying more weakness in housing activity. Sales dropped sharply by 2.6 percent sequentially in the month, continuing a string of weak reports in sales activity that has...

U.S. jobless claims rise for third straight week, labor market conditions likely to weaken modestly in future

Nov 29, 2018 18:14 pm UTC| Commentary

Jobless claims in the U.S. rose again. In the week ended 24 November, the initial jobless claims rose by 10k to 234k, as compared with the consensus expectations of a modest decline to 220k. The increased pushed the...

European Commission’s euro area economic sentiment index falls further in November

Nov 29, 2018 17:52 pm UTC| Commentary

Euro areas economic confidence came in weaker again in November. The European Commissions euro area economic sentiment index continued with its downtrend in November, declining for the 11th consecutive month. The index...

Canadian small business sentiment remains almost unchanged in November

Nov 29, 2018 17:22 pm UTC| Commentary

Canadas small business sentiment remained almost the same in November. The CFIB Business Barometer rose 0.7 points to 61.2 in the month from Octobers print of 60.5, leaving the index still below its pre-2015...

German preliminary headline inflation slows down in November, core rate likely to pick up slowly in 2019

Nov 29, 2018 16:50 pm UTC| Commentary

German preliminary inflation slowed down in the month of November. On a year-on-year basis, the preliminary consumer price index dropped to 2.3 percent in November from 2.5 percent seen in the prior month. Consensus...

U.S. personal income rises sequentially in October, spending grows strongly

Nov 29, 2018 14:37 pm UTC| Commentary

U.S. personal income rose sequentially in October, rising 0.5 percent and coming above consensus expectations of a rise of 0.4 percent. Personal spending rose strong by 0.6 percent. Prices rose 0.2 percent sequentially and...

Swiss economic growth falls sequentially in Q3 2018, domestic and foreign trade negatively impact growth

Nov 29, 2018 14:16 pm UTC| Commentary

Swiss economic growth fell in the third quarter on a sequential basis, owing to the industrial and service sectors. Meanwhile, domestic and foreign trade had a negative impact on the expenditure side. The Swiss Federal...