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In November, the US consumer confidence index was 97.5 points, down from 98.6 points in October, the University of Michigan reported. The fall of the index significantly exceeded forecasts of experts, who had expected its value at the level of 98.3 points. The indicator, which determines the attitude of US consumers to the current financial situation, amounted to 112.3 points, dropping from 113.1 points. The indicator, indicating consumer expectations for the next 6 months, fell to a 3 months minimum value of 88.1 points from 89.3 points. The inflation forecast for the next 12 months decreased to 2.8% from 2.9%. For many tomorrows, Americans predict inflation at the level of 2.6%, while a month earlier their forecast was at 2.4%.
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 second quarter had seen South Korea slipping into recession. This came to be the country’s sharpest economic downturn in more than two decades as the novel coronavirus crisis weighed on exports and social distancing measures halted ...
After a steep decline at the start of the year, China’s economy showed vast recovery in the second quarter despite still getting plagued with major economic debacles in weak domestic consumption and investment amid the unrelenting coronavirus ...
Oil prices gained on Wednesday after a steep decline in U.S. crude stockpiles, while markets await OPEC’s next steps on supply cuts to be announced after a meeting later today. Brent crude futures rose 0.2%, or 10 cents, at $43 per barrel. ...
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