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Monthly archive December, 2018

Philly Fed Index Unexpectedly Drops To Two-Year Low In December

Manufacturing activity in the Philadelphia region continued to grow but remained subdued in the month of December, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday. The report said the diffusion index for current general Read More →

U.S. Leading Economic Index Unexpectedly Rises 0.2% In November

A report released by the Conference Board on Thursday showed a modest increase by leading U.S. economic indicators in the month of November. The Conference Board said its leading economic index rose by 0.2 percent in November after falling by Read More →

SECO Slashes Swiss Growth Forecasts On Weak Domestic Demand

Switzerland's economy is set to expand this year and next at rates that are slower than expected earlier, mainly due to weak domestic demand, the State Secretariat for Economic Affairs showed on Tuesday. Gross domestic product is forecast to grow Read More →

German Business Confidence Weakens For Fourth Month To Lowest Level Since 2016

Germany's business confidence eased for a fourth straight month in December to its lowest level in two years, as businesses were increasingly worried about the political developments in Europe and a slowing global growth, suggesting that the biggest economy in Read More →

New Zealand Q3 Current Account Deficit Seasonally Adjusted NS$2.6 Billion

New Zealand's seasonally adjusted current account deficit narrowed to NZ$2.6 billion in the third quarter of 2018, NZ$102 million smaller than the June 2018 quarter deficit (NZ$2.7 billion), Statistics New Zealand said on Wednesday.Original Article Read More →

Bank Of England Set To Hold Rates Steady Amid Brexit Chaos

The Bank of England is set to hold interest rates unchanged on Thursday as the economic outlook remains highly uncertain with the Theresa May government being accused of dilly-dallying on reaching a deal on Britain's exit from the European Union. Read More →