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The US consumer confidence index fell to 91.2 points in January against 98.3 points in December. The indicator showed the lowest value since October 2016. According to preliminary data, the index should have dropped to 90.7 points. Consumer attitudes to the current financial situation deteriorated - the sub-index fell to 108.8 points from 116.1 points in December. Consumer expectations fell to 79.9 points against 87 points in December. In 2019, inflation is expected at the level of 2.9%, as in December. Over the next 5-10 years, prices are expected to grow by 2.6% annually. The reason for the deterioration in consumer expectations was the suspension of the US government. Shutdown influenced consumer sentiment more than expected. Suspension of government activity lasted more than a month. Officials returned to work only on January 25th. A confidence level of 100 points was noted in 1966. The average value for the recession is 64.2 points, recorded in December 2007. The historical maximum of 111.4 was recorded in 2000, and a minimum of 51.7 points - in 1980.
June had seen Japan’s industrial output breaking its four-month slump. The recuperation could be attributed to a modest recovery seen in broader business and consumer activity after the world’s third-biggest economy suffered from ...
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 sat near two-year lows on Wednesday as the United States struggled to control the coronavirus outbreak, breaking hopes for a fast economic recovery. The gloomy outlook for the U.S. economy is expected to urge the Federal Reserve ...
Australia had seen its employment rate dropping 1.1% between mid-June and mid-July, weekly data showed on Tuesday. In addition to this, the southeastern state of Victoria recorded the sharpest plunge in employment as the state suffers from ...
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 ...
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