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In March, the US consumer confidence index, calculated by Conference Board, was 124.1 points, down from 131.4 points in February. Economists had expected the index to rise to 132.5 points. American consumers also worsened their attitude to the current financial situation. The corresponding indicator fell to 160.6 points from 172.8 points. A significant decrease - from 103.8 points to 99.8 points - showed an indicator that defines consumer expectations for the next 6 months. Improvements in market conditions in the next 6 months are expected only by 17.7% of Americans, whereas in February their share was 19.6%. In March, the percentage of US citizens who expected an increase in the number of jobs for the short-term also decreased. Their share fell to 16.4% from 19%. At the same time, 21% of survey participants expect wage increases during this period, whereas a month earlier their share was 20.6%.
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 economy in the European Union will plunge deeper into recession for 2020 and may recover only slightly in 2021 than previously thought, the European Commission predicted on Tuesday. The downbeat assessment of Europe's economy comes as ...
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 ...
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