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Personal Income in the US declined by 2.7% on a monthly basis in August after rising by 0.5% (revised from 0.4%) in July, the US Bureau of Economic Analysis reported on Thursday. This reading came in slightly worse than the market expectation for a decrease of 2.4%. Further details of …

Employment in the US’ private sector rose by 749,000 in September, the monthly data published by the Automatic Data Processing (ADP) Research Institue revealed on Wednesday.  Developing story…

The Bank of England’s chief economist, Andy Haldane crossed the wires in the last hour and ruled out the possibility of negative rates in the short-term. Haldane said that conditions to negative interest have not been met yet. “None of the conditions for negative rates has been satisfied.Work on negative …

Data showed a decline in the number of unemployed in Germany for the third month in a row in September, in a positive sign of household spending that is expected to lead the recovery from the Corona crisis in the largest economy in Europe. The Labor Office said that the …

Durable Goods Orders in the United States expanded by 0.4%, or $1 billion, on a monthly basis to $232.8 billion in August following July’s increase of 11.7% (revised from 11.2%), the US Census Bureau reported on Friday. This reading missed the market expectation of +1.5%. “Excluding transportation, new orders increased …

European Central Bank data showed that Eurozone companies continued to obtain bank credit in August, two months after most economies eased restrictions on economic activities aimed at controlling the Coronavirus pandemic. Corporate bank loans rose 7.1% year-on-year, extending a borrowing boom that began in March when large parts of the …

New home sales in the United States increased by 4.8% to a seasonally adjusted annual rate of 1.011 million units in August, according to data released by the US Department of Commerce on Thursday. This is the highest level for new home sales since September 2006, according to Reuters. July’s …

There were 870,000 initial claims for unemployment benefits in the US during the week ending September 19th, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed last week’s print of 866,000

The European Central Bank said in a publication on Thursday that the unemployment rate will continue to rise in the Eurozone and that there is a limited increase in consumer demand even as the economy recovers from an unprecedented recession. In the bulletin, which largely reflects the economic expectations and …

The Central Bank of the Republic of Turkey (CBRT) announced on Thursday that it raised its policy (one-week repo) rate by 200 basis points to 10.25%. In its policy statement, the CBRT noted that it looks to restore the disinflation process and support price stability with the decision to hike …