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The consumer confidence index in the US reached its highest level in September from September 2000, having increased to 138.4 points from 134.7 points in August, the results of the Conference Board research showed. The growth of the index was a surprise for analysts, who had expected its decrease to 132 points. The growth of the indicator is observed for three months in a row due to a strong labor market and tax cuts, which supports strong consumer spending. The indicator, determining the attitude of Americans to the current financial situation, peaked in December 2000 at 173.1 points. Consumer expectations for the next 6 months rose to 115.3 points from 109.3 points a month earlier. This is the highest level of the indicator since October 2000. In September, 27.6% of Americans expect business conditions to improve in the next six months, while in August they were 24.4%.
The outlook for India’s struggling economy has darkened further on weak business activities and surging virus cases. This will likely prompt the Reserve Bank of India to lower interest rates again, a Reuters survey showed. According ...
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 ...
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
After a record decline seen last quarter, Britain’s economy is expected to grow at its most rapid pace in decades. The recovery is likely as large portions of the economy resumed operations after coronavirus-related lockdowns were lifted. Despite ...
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