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The consumer confidence index in the US in May was 98.8 points, as well as in April, according to data from the University of Michigan. Experts had expected the index to fall to 98.7 points. The tax reform was named a positive factor by about 16% of survey participants. The same number of respondents expressed concern about potential trade wars. In May, the ratio of Americans to the current financial situation deteriorated to 113.3 points from 114.9 points a month earlier. The indicator of consumer expectations for the next 6 months rose for the first time in 3 months to 89.5 points from 88.4 points. The inflation forecast for the next year rose to 2.8% from 2.7%, for many tomorrows - remained at 2.5%.
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 reimplementation of virus-related lockdowns in some states dragged the U.S. economic outlook in the past month, according to economists in a Reuters poll who also warned that the monitored rebound in employment may reverse by the end of ...
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 ...
Japan's industrial output is expected to recover in June from a double-digit decline in May amid hopes that factory activity may have reached its lowest due to the coronavirus pandemic, according to a Reuters’ poll of 13 economists. While ...
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 ...
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