Monthly archive October, 2019

Construction spending in the U.S. crept up by much less than expected in the month of August, according to a report released by the Commerce Department on Tuesday. The report said construction spending inched up by 0.1 percent to an Read More →

Germany's leading economic institutes slashed the economic growth forecast for this year and next, on Wednesday, mainly citing the weakening global demand for capital goods exports. The growth forecast for this year was lowered to 0.5 percent from 0.8 percent Read More →

The UK construction sector stuck firmly in negative territory in September, as Brexit uncertainty dragged demand as well as sales, survey data from IHS Markit showed Wednesday. The IHS Markit/Chartered Institute of Procurement & Supply construction Purchasing Managers' Index fell Read More →

Adding to signs of a slowdown in the U.S. job market, payroll processor ADP released a report on Wednesday showing private sector employment rose by slightly less than expected in the month of September. ADP said private sector employment climbed Read More →

The U.S. dollar turned weak and slipped into the negative zone Wednesday mid morning, after having edged higher from previous close in the European session.Original Article Read More →

Iceland's central bank cut its key interest rate in October for the fourth successive rate-setting session, as growth continued to ease amid slowing inflation and uncertain economic outlook. The Monetary Policy Committee of the Central Bank of Iceland, on Wednesday, Read More →