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US consumer confidence improved significantly in February after its lowest level in 2 years in the first month of the year. According to preliminary data from the University of Michigan, the corresponding index in February was 95.5 points, having risen from 91.2 points a month earlier. According to economists' forecasts, its January value was expected at the level of 93.7 points. The Americans improved their attitude to the current financial situation to 110 points from 108.8 points in January. The indicator, reflecting consumer expectations for the next 6 months, amounted to 86.2 points, having risen from 79.9 points in January and being much higher than the experts' estimate of 85.5 points. The consumer forecast for inflation has been lowered for the next 12 months from 2.7% to 2.5%, for the long term - from 2.6% to 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 ...
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 ...
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