In May, consumer confidence in the UK economy, according to GfK, amounted to minus 10 points, rising from minus 13 points in April. The figure exceeded economists' forecasts, who had expected it to rise to minus 12 points. Last month, only one out of the five sub-indice did not show growth. The British’s assessment of the overall economic situation in the last 12 months kept the April value — minus 30 points. The indicator characterizing the attitude of consumers to their financial situation over the past year rose to 3 points from minus 1 point. Their similar estimate for the next 12 months improved to 5 points from zero in April. The figure indicating the expectations of the British for the next 12 months was minus 29 points versus minus 34 points a month earlier.
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 Bank of Thailand chief on Monday said that it could take several years for the country’s foreign tourism industry to recover as the economy continues to take a beating from the COVID-19 pandemic. The central bank expects foreign ...