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The University of Michigan reported final data on the level of consumer confidence in the US in March. The corresponding index was 98.4 points, which is the maximum value since October 2018. A month earlier, it was at the level of 93.8 points. According to analysts, an increase in incomes of Americans, as well as lower fuel prices and the refusal of the Federal Reserve to raise interest rates in the near future had a positive impact of the index. The indicator, which determines the attitude of consumers to the current situation, amounted to 113.3 points against the February value of 108.5 points. Consumer expectations for the next 6 months improved to 88.8 points from 84.4 points. The forecast of US citizens for inflation over the next 12 months has been lowered to 2.5% from 2.6%. For the long run, it, by contrast, rose to 2.5% from 2.3%.
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 economy in the European Union will plunge deeper into recession for 2020 and may recover only slightly in 2021 than previously thought, the European Commission predicted on Tuesday. The downbeat assessment of Europe's economy comes as ...
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 ...
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