In May, the consumer confidence index in the United States reached its highest level since September 2018 – 100 points compared to 97.2 points in the previous month. Such final data was provided by the University of Michigan. Forecasts of economists suggested an increase in the index to 101.5 points. The final index value was lowered from a preliminary assessment of 102.4 points against the background of the aggravation of the US-China trade dispute, which adversely affected the mood of American citizens. Americans worsened their attitude to the current financial situation to 110 points from 112.3 points. For the next 6 months, their expectations rose to 93.5 points from 87.4 points. US citizens have raised their inflation forecast for the next 12 months to 2.9% from 2.5%, for the long-term, they expect inflation at 2.6%, rather than 2.3%, as it was predicted earlier.
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 reimplementation of virus-related lockdowns in some states dragged the U.S. economic outlook in the past month, according to economists in a Reuters poll who also warned that the monitored rebound in employment may reverse by the end of ...
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 ...
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 ...
The Bank of Thailand chief on Monday said that it could take several years for the country’s foreign tourism industry to recover as the economy continues to take a beating from the COVID-19 pandemic. The central bank expects foreign ...