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According to GfK NOP Ltd., the UK consumer confidence index remained at minus 14 points. This is the minimum value since 2013. The index retains a negative value for 37 consecutive months. A positive index value was last noted in January 2016. The representative of GfK believes that the British remain uncertain about the financial situation due to global economic events in the country. At the same time, employment, growth in household incomes and low inflation support consumer confidence. Two of the five sub-indexes decreased the value in relation to December. The assessment of the personal financial situation increased by 1 point, the indicator of expectations for the next year increased from minus 1 point to plus 1 point. The indicator for assessing the overall economic situation fell by 1 point. Indicator of the readiness of the British to make large purchases remained at the level of 2 points.
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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