september Archive

  • Latvia's consumer price inflation eased slightly in September after accelerating in the previous month, figures from the Central Statistical Bureau showed Monday. The consumer price index climbed 2.9 percent year-over-year in September, slower than the 3.1 percent increase in August. The measure has been rising since September 2016. Food prices grew 5.5 percent annually in September and transport costs went up by 3.2 percent. Meanwhile, clothing and footwear prices dropped 1.1 percent. On a monthly basis, consumer prices rose 0.3 percent from August, when it decreased by 0.2 percent. It was the first increase in three months.The material has been provided by InstaForex Company - www.instaforex.com

    Latvia Inflation Eases In September

    Latvia's consumer price inflation eased slightly in September after accelerating in the previous month, figures from the Central Statistical Bureau showed Monday. The consumer price index climbed 2.9 percent year-over-year in September, slower than the 3.1 percent increase in August. The measure has been rising since September 2016. Food prices grew 5.5 percent annually in September and transport costs went up by 3.2 percent. Meanwhile, clothing and footwear prices dropped 1.1 percent. On a monthly basis, consumer prices rose 0.3 percent from August, when it decreased by 0.2 percent. It was the first increase in three months.The material has been provided by InstaForex Company - www.instaforex.com
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  • UK consumer spending declined in September, after a modest gain in the previous month, suggesting continued weakness in the economy amid high inflation, muted wage growth and political uncertainty, results of a survey by payment services provider Visa showed Monday. Consumer spending dropped 0.3 percent year-on-year following a 0.2 percent gain in August, Visa said, citing the survey based on credit, debit and prepaid card data. Spending has now dropped in four of the past five months. On a month-on-month basis, consumer spending grew 1.4 percent after a 0.4 percent drop in the previous month. IHS Markit economist Annabel Fiddes said the latest data meant that expenditure kept on course for its weakest performance for four years. "Rising living costs, muted wage growth, and ongoing uncertainties surrounding Brexit negotiations and the strength of the UK economy continue to act as drags on household spending," the economist added. "Heightened expectations that the Bank of England..

    UK Consumer Spending Falls In September Signaling Continued Weakness In Economy

    UK consumer spending declined in September, after a modest gain in the previous month, suggesting continued weakness in the economy amid high inflation, muted wage growth and political uncertainty, results of a survey by payment services provider Visa showed Monday. Consumer spending dropped 0.3 percent year-on-year following a 0.2 percent gain in August, Visa said, citing the survey based on credit, debit and prepaid card data. Spending has now dropped in four of the past five months. On a month-on-month basis, consumer spending grew 1.4 percent after a 0.4 percent drop in the previous month. IHS Markit economist Annabel Fiddes said the latest data meant that expenditure kept on course for its weakest performance for four years. "Rising living costs, muted wage growth, and ongoing uncertainties surrounding Brexit negotiations and the strength of the UK economy continue to act as drags on household spending," the economist added. "Heightened expectations that the Bank of England..
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  • Czech Inflation Accelerates In September Czech consumer price inflation accelerated as expected in September, data from the Czech Statistical Office revealed Monday. Inflation rose to 2.7 percent in September from 2.5 percent in August. The rate came in line with expectations. Prices of goods advanced 2.3 percent and that of services climbed 3.2 percent in September. Meanwhile, consumer prices dropped 0.1 percent month-on-month in September, primarily due to the decrease in prices in 'recreation and culture'.

    Czech Inflation Accelerates In September

    Czech Inflation Accelerates In September Czech consumer price inflation accelerated as expected in September, data from the Czech Statistical Office revealed Monday. Inflation rose to 2.7 percent in September from 2.5 percent in August. The rate came in line with expectations. Prices of goods advanced 2.3 percent and that of services climbed 3.2 percent in September. Meanwhile, consumer prices dropped 0.1 percent month-on-month in September, primarily due to the decrease in prices in 'recreation and culture'.
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  • British household spending soared in September, however, it was not enough to stop a year-on-year drop that reflects growing living costs, according to a survey from Visa. Household spending, adjusted for inflation and seasonal effects, increased by 1.4 percent in September after declining 0.4 percent month on month in August, the payments firm said, based on its credit and debit card data. It was the largest monthly spike since November, but overall spending in real terms remains 0.3 percent below its level from the previous year. Spending has declined year-on-year for four of the past five months, the longest series of such drops since April 2013. The positive outlook in September month-on-month reflects that of figures from the Confederation of British Industry, which posted the largest annual rise in retail sales in two years in the early part of the month. The Bank of England is trying to determine whether household spending will rebound from its weakness that was seen duri..

    Prime News: U.K. Consumer Spending Jumps in September – VISA

    British household spending soared in September, however, it was not enough to stop a year-on-year drop that reflects growing living costs, according to a survey from Visa. Household spending, adjusted for inflation and seasonal effects, increased by 1.4 percent in September after declining 0.4 percent month on month in August, the payments firm said, based on its credit and debit card data. It was the largest monthly spike since November, but overall spending in real terms remains 0.3 percent below its level from the previous year. Spending has declined year-on-year for four of the past five months, the longest series of such drops since April 2013. The positive outlook in September month-on-month reflects that of figures from the Confederation of British Industry, which posted the largest annual rise in retail sales in two years in the early part of the month. The Bank of England is trying to determine whether household spending will rebound from its weakness that was seen duri..
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  • A private survey of business activity in China's services sector clocked in at the lowest level in almost two years last month, indicating that private services firms are losing momentum as government figures draw a picture of recovery for state-backed companies. The Caixin/Markit services PMI declined to 50.6 in September, the lowest reading since December 2015's reading of 50.2 and one of the weakest monthly reading in the survey's history. It is also inline with a decline with Caixin manufacturing PMI, which fell 0.6 points in September to 41. The decline for both Caixin indicators are contrary to the readings of their corresponding government gauges. The official non-manufacturing sector showed the services sector grew at the fastest rate since 2014 in September. According to data published b the National Bureau of Statistics, service sector business activity increased 1.8 points to 54.4 in September. The official manufacturing PMI also posted an increase of 0.7..

    Prime News: China Services PMI Falls to Almost Two-Year Low in September

    A private survey of business activity in China's services sector clocked in at the lowest level in almost two years last month, indicating that private services firms are losing momentum as government figures draw a picture of recovery for state-backed companies. The Caixin/Markit services PMI declined to 50.6 in September, the lowest reading since December 2015's reading of 50.2 and one of the weakest monthly reading in the survey's history. It is also inline with a decline with Caixin manufacturing PMI, which fell 0.6 points in September to 41. The decline for both Caixin indicators are contrary to the readings of their corresponding government gauges. The official non-manufacturing sector showed the services sector grew at the fastest rate since 2014 in September. According to data published b the National Bureau of Statistics, service sector business activity increased 1.8 points to 54.4 in September. The official manufacturing PMI also posted an increase of 0.7..
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  • China's Private Sector Growth Weakens In September China's private sector expanded at a slower pace in September driven by weaker increases in output at both manufacturing and services companies, survey data from IHS Markit showed Monday. The Caixin composite output index rose dropped to a 3-month low of 51.4 in September from 52.4 a month ago. Nonetheless, a score above 50 indicates expansion in the sector. The services Purchasing Managers' Index fell to 50.6 in September from 52.7 in August. The reading indicated only a marginal increase in services activity that was the slowest for 21 months. "The Chinese economy generally held up well in the third quarter," Zhengsheng Zhong, Director of Macroeconomic Analysis at CEBM Group, said. "However, the expansion in both manufacturing and services cooled in September, suggesting downward pressure on economic growth may re-emerge in the fourth quarter." Data showed that overall weaker expansion in private sector co..

    China's Private Sector Growth Weakens In September

    China's Private Sector Growth Weakens In September China's private sector expanded at a slower pace in September driven by weaker increases in output at both manufacturing and services companies, survey data from IHS Markit showed Monday. The Caixin composite output index rose dropped to a 3-month low of 51.4 in September from 52.4 a month ago. Nonetheless, a score above 50 indicates expansion in the sector. The services Purchasing Managers' Index fell to 50.6 in September from 52.7 in August. The reading indicated only a marginal increase in services activity that was the slowest for 21 months. "The Chinese economy generally held up well in the third quarter," Zhengsheng Zhong, Director of Macroeconomic Analysis at CEBM Group, said. "However, the expansion in both manufacturing and services cooled in September, suggesting downward pressure on economic growth may re-emerge in the fourth quarter." Data showed that overall weaker expansion in private sector co..
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  • Hurricanes Dent U.S. Jobs Market in September U.S. payrolls contracted in September for the first time in seven years, as hurricanes Harvey and Irma their toll on the jobs market, as the storms' impact displaced workers temporarily unemployed and delayed hiring. On Friday, the Labor Department reported nonfarm payrolls fell by 33, 000 jobs last month amid a historic decline in the leisure and hospitality sector. The decline in payrolls was the first since September 2010 and contrary to the expected increase of 90,000. Payrolls in the leisure and hospitality sector fell 111, 000, the steepest decline in history, while hiring at restaurants and bars dropped 104, 700. The retail and manufacturing payrolls also saw declines in the previous month. According to the department, the decline was due to the two storms which devastated Texas and Florida in late August and early September. However, other details of the employment report were optimistic. The unemployment rate reached a ..

    Prime News: Hurricanes Dent U.S. Jobs Market in September

    Hurricanes Dent U.S. Jobs Market in September U.S. payrolls contracted in September for the first time in seven years, as hurricanes Harvey and Irma their toll on the jobs market, as the storms' impact displaced workers temporarily unemployed and delayed hiring. On Friday, the Labor Department reported nonfarm payrolls fell by 33, 000 jobs last month amid a historic decline in the leisure and hospitality sector. The decline in payrolls was the first since September 2010 and contrary to the expected increase of 90,000. Payrolls in the leisure and hospitality sector fell 111, 000, the steepest decline in history, while hiring at restaurants and bars dropped 104, 700. The retail and manufacturing payrolls also saw declines in the previous month. According to the department, the decline was due to the two storms which devastated Texas and Florida in late August and early September. However, other details of the employment report were optimistic. The unemployment rate reached a ..
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  • Ireland's construction activity continued to expand strongly in September, and at a slightly faster pace than in the previous month, survey figures from IHS Markit showed Monday. The Ulster Bank Construction Purchasing Managers' Index rose to 56.5 in September from 55.1 in August. Any reading above 50 indicates expansion in the sector. Among the three monitored categories, strong rises in activity were seen on both housing and commercial projects, while civil engineering activity continued to fall. New business increased sharply again in September, although the rate of expansion eased to a 16-month low. Employment grew at the weakest pace for a year. "Looking ahead, construction firms remain upbeat about activity prospects, with almost 55 percent of respondents anticipating further activity growth in the coming twelve months," Simon Barry, Chief Economist Republic of Ireland at Ulster Bank, said.The material has been provided by InstaForex Company - www.instaforex.com

    Ireland Construction Growth Improves In September

    Ireland's construction activity continued to expand strongly in September, and at a slightly faster pace than in the previous month, survey figures from IHS Markit showed Monday. The Ulster Bank Construction Purchasing Managers' Index rose to 56.5 in September from 55.1 in August. Any reading above 50 indicates expansion in the sector. Among the three monitored categories, strong rises in activity were seen on both housing and commercial projects, while civil engineering activity continued to fall. New business increased sharply again in September, although the rate of expansion eased to a 16-month low. Employment grew at the weakest pace for a year. "Looking ahead, construction firms remain upbeat about activity prospects, with almost 55 percent of respondents anticipating further activity growth in the coming twelve months," Simon Barry, Chief Economist Republic of Ireland at Ulster Bank, said.The material has been provided by InstaForex Company - www.instaforex.com
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  • Related Stories Winners and losers in 2017 Like a bolt from the blue, the U.S. auto selling pace in September turned hotter than any month in the last 12 years. Confounding forecasters’ modest expectations, sales totaled 1.53 million, jumping 6.3 percent from a year earlier. That ended eight straight months of declines from 2016’s record pace. The seasonally adjusted annualized selling rate was 18.6 million, the best since July 2005 and the sixth-highest SAAR on record. The Bloomberg consensus forecast of analysts had been 17.4 million.So what happened in September? Automakers and analysts cite a combination of post-Hurricane Harvey replacement demand, makeup deals from storm-delayed August purchases, higher fleet volume, a five-weekend sales month, attractive new products and more effective incentives aimed at clearing out aging 2017 models.And the more important question: Will it continue? ..

    After September’s auto sales surge, what’s next?

    Related Stories Winners and losers in 2017 Like a bolt from the blue, the U.S. auto selling pace in September turned hotter than any month in the last 12 years. Confounding forecasters’ modest expectations, sales totaled 1.53 million, jumping 6.3 percent from a year earlier. That ended eight straight months of declines from 2016’s record pace. The seasonally adjusted annualized selling rate was 18.6 million, the best since July 2005 and the sixth-highest SAAR on record. The Bloomberg consensus forecast of analysts had been 17.4 million.So what happened in September? Automakers and analysts cite a combination of post-Hurricane Harvey replacement demand, makeup deals from storm-delayed August purchases, higher fleet volume, a five-weekend sales month, attractive new products and more effective incentives aimed at clearing out aging 2017 models.And the more important question: Will it continue? ..
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  • Info comes via Visa, based on its credit and debit card data Consumer spending (adjusted for inflation and seasonal effects) +1.4% m/m in September (was -0.4% in August)

    UK spending data up in September m/m, still down y/y

    Info comes via Visa, based on its credit and debit card data Consumer spending (adjusted for inflation and seasonal effects) +1.4% m/m in September (was -0.4% in August)
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