In the final quarter of 2018, the German economy stalled, narrowly dodging recession because the fallout from global trade clashes and Brexit threatened to heavily impact a decade-long expansion in the EU’s number one economy…
Australia’s approvals to build new homes edge up
In Australia, approvals to build new homes headed north to a seven-month maximum in September. The country also reported the longest run of trade surpluses for up to four decades. That’s undoubtedly a promising omen for surge across the Australian economy.
Thursday's report from the Australian Bureau of Statistics unveiled that in September, total dwelling approvals inched up 1.5%, thus ruining forecasts for a 1% sag.
As for multi-unit apartments, they tacked on 2.3%, while ascend in private houses turned to be sturdy too. Total approvals, accounting for 18,849, appeared to be the highest outcome since February, reporting a decent turnaround after steady dips since mid-2016.
As follows from this, residential investment will keep contributing to real GDP surge in the nearer quarters, mainly due to the healthy pipeline of construction.
Australia is currently facing its biggest-ever home construction boom, enjoying boosting jobs as well as sales of everything from electronics to furniture.
In January, the annual rate of inflation in Great Britain went down to 1…
The levels of retail sales and core retail sales for the US will be released on February 14 at 15:30 MT time.
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Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…