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In the US, consumer confidence fell to a minimum level since September 2017. According to the Conference Board, the corresponding index in June was 121.5 points, down from the May value of 131.3 points. Forecasts of economists suggested a decrease in the index to just 131 points. The indicator characterizing the attitude of Americans to the current financial situation dropped to 162.6 points from 170.7 points a month earlier. Consumer expectations for the next 6 months have deteriorated to 94.1 points from 105 points. In the next 6 months, 18.7% of consumers who took part in the survey expect an improvement in market conditions, whereas in the previous month, 21.4% of respondents adhered to this opinion. This month, the number of US citizens has also declined, predicting an increase in the number of jobs in the next six months. The percentage of such citizens was 17.3% versus 18.4% in May. In the next 6 months, 19.1% of Americans expect salary increases, whereas in May they were 22.2%.
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 ...
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
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 ...
Australian retail sales advanced 2.4% in June. This came as an upbeat figure following a 16.5% increase seen in May as the land down under resumed its economic operations from coronavirus-related lockdowns. The country’s retail sales ...
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