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The US consumer confidence index rose to 137.9 points in October from 135.3 points in September, the Conference Board data showed. The October index value was the highest in the last 18 years. Experts had expected growth rate to 136.4 points. Consumer attitude to the current situation in the American economy improved to 172.8 points from 169.4 points. The indicator, reflecting their expectations for the next 6 months, amounted to 114.6 points, having risen from 112.5 points a month earlier. The last two indicators have reached record levels since 2000. In October, 26.3% of Americans believe that in the next six months, business conditions will improve, whereas in the previous month their share was 25.8%. 24.7% of consumers count on income growth. A month earlier, they accounted for 22.5%.
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 ...
The second quarter likely saw South Korea’s economy hitting its sharpest downturn in over two decades, a Reuters survey showed on Tuesday. This was mainly from the pandemic dragging the labor market, consumer spending, and global export ...
The Bank of Thailand chief on Monday said that it could take several years for the country’s foreign tourism industry to recover as the economy continues to take a beating from the COVID-19 pandemic. The central bank expects foreign ...
On Thursday, United Airlines' (UAL.O) and its pilots' union said that they had reached an agreement on two different resolutions to reduce involuntary furloughs in August. The company said that it would keep pilots ready once the global travel ...
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