In November, the US consumer confidence index was 98.3 points, down from 99.6 points in October, preliminary data from the University of Michigan showed. Nevertheless, the index value was higher than the experts' forecast of 98 points. The growth of interest rates lowered consumer confidence in their ability to buy durable goods in the long term, which affected the growth of the corresponding indicator to a maximum since March level of 167 points. At the same time, their attitude to the current financial situation improved from 112.3 points to 115.2 points. The expectations indicator for the next 6 months was at a minimum for the year, falling to 86.1 points from 88.1 points. In the medium term, consumers expect inflation of 2.7%, rather than 2.8%, as predicted in October. For the long run, their estimate has decreased from 2.6% to 2.4%.
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 ...