International News - Business and Financial

International News

  • US manufacturing PMI was 53.9 in December compared to 55.3 in November.
  • US empire state manufacturing index plunged to 10.9 in December after rising to 23.3 in November.
  • US housing starts jumped by 3.2% to an annual rate of 1.26 mn in November from the revised October estimate of 1.22 mn; building permits surged up by 5% to an annual rate of 1.33 mn in November from the revised October rate of 1.27 mn.
  • US initial claims for state unemployment benefits fell 27,000 to a seasonally adjusted 206,000 for the week ended December 8.
  • US industrial output rose 0.6% in November after declining 0.2% in October; the capacity utilization rate increased to 78.5% in November from 78.1% in October.
  • US retail sales edged up by 0.2% in November after spiking by an upwardly revised 1.1% in October.
  • European Central Bank (ECB) decides to end its 2.6 trillion euro bond-buying program by the end of December; says it expects interest rates to “remain at their present levels at least through the summer of 2019.”
  • Eurozone consumer inflation was 1.9% year-on-year in November compared to 2.2% in October.
  • Eurozone manufacturing PMI was 51.4 in December compared to 51.8 in November.
  • China’s industrial output grew 5.4% from a year earlier in November, compared with 5.9% in October.
  • China’s retail sales rose 8.1% year-on-year in November, down from 8.6% increase in October.

Last Updated: 15th December 2018

Next Update On: 31st December 2018

Update Frequency: Once Every Fortnight