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A preliminary value of the CCI in the US in July was calculated by The University of Michigan at the level of 98,4 points. The indice raised regarding June when it had been 98,2 points, but had not reached an economists’ forecast of 98,8 points. Americans’ attitude to a current economic situation had got worse and an appropriate indicator decreased to 111,1 points from 111,9 points. However for the next 6 months their expectations improved to 90,1 points from 89,3 points. For the next year the US citizens predict 2,6% inflation which is less their previous assessment at the level of 2,7%. In the long run they expect inflation would maintain its 2,6% level although previously they predicted its decline by 2,3%. Consumer spending as a main engine of American economy stays high because of a strong labor market and stock market. High expectations of the US citizens regarding to the personal financial conditions for the next 12 months evidence this. This indicator was 136 points having raised from 134 points a month before.
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 ...
On Wednesday, Tesla Inc. (TSLA.O) posted its second-quarter profit worth $104 Million from April to June despite shutting down its electric vehicle factory in Fremont, California for roughly seven weeks due to the coronavirus pandemic. Tesla ...
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 saw its factory gate data for June perform better than expected on Thursday morning. However, persistent deflation indicated that the impact from the COVID-19 pandemic still continues to linger. The data, released by the National Bureau ...
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 ...
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