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The consumer confidence index in Switzerland rose in the fourth quarter of 2018. Consumer confidence rose to minus 4 from minus 6, having exceeded experts' forecasts at the level of minus 5. Assessment of the overall economy deteriorated against the background of a decline in the country's GDP. Swiss consumers are still expecting a slowdown. The State Secretariat for Economic Affairs (SECO) reduced its forecast for 2019 from 2% to 1.5% due to weak domestic demand. The National Bank of the country also stopped at 1.5%. The Swiss economy contracted by 0.2% in the third quarter of 2018. In IV quarter, the indicators remained at the same level. Analysts expect growth in demand for Swiss goods and a reduction in exports due to a slowdown in eurozone GDP growth. Retail sales declined 0.3% in December year-on-year. The purchasing managers index fell to 54.3 in January against 57.5 in December 2018.
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
The Dollar traded lower earlier on Thursday in European markets after new hope of an economic recovery in Europe bolstered sentiment. The Dollar index fell by 0.1% to 954.808 at 3:10 AM ET (0710 GMT), gaining only slightly from the four-month ...
Japanese manufacturers’ confidence dropped in the second quarter to levels not monitored since the global financial crisis of 2009. This highlighted the damage that the novel coronavirus crisis inflicted on the export-dependent economy. The ...
Japan retail sales fell a double-digit pace for the second month in May as the coronavirus pandemic heavily affected consumer confidence and hopes for economic recovery. Retail sales dropped 12.3% in May year-on-year as the downturn in demand ...
Japan’s core consumer prices were seen struggling for two consecutive months in May. This increased deflation expectations and prompted policymakers to provide more economic reinforcements for the virus-beaten economy. The country’s ...
KYC Policy