US consumer confidence declined in April. According to preliminary data from the University of Michigan, the corresponding index was 96.9 points, down from 98.4 points in March. According to economists, it was expected to have a less significant decrease - to 98 points. At the same time, an indicator indicating the attitude of Americans to the current financial situation showed an increase from 113.3 points to 114.2 points. Expectations for the next 6 months were not so optimistic, their indicator fell to 85.8 points from 88.8 points. The Americans lowered their inflation forecast for the next 12 months from 2.5% to 2.4%, and for the long run, from 2.5% to 2.3%. University experts noted that the stimulating effect of tax reform had already completely exhausted itself.
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 ...
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 ...
Japan retail sales fell a double-digit pace for the second month in May as the coronavirus pandemic heavily affected consumer confidence and hopes for economic recovery. Retail sales dropped 12.3% in May year-on-year as the downturn in demand ...
Japan’s core consumer prices were seen struggling for two consecutive months in May. This increased deflation expectations and prompted policymakers to provide more economic reinforcements for the virus-beaten economy. The country’s ...