Forex News from InstaForex

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Re: Forex News from InstaForex

Postby IFX Gertrude » Sun May 19, 2019 10:49 pm

New Zealand Performance Of Service Index Slows In April

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The services sector in New Zealand continued to expand in April, albeit at a slower pace, the latest survey from BusinessNZ revealed on Monday with a Performance of Services Index score of 51.8.

That's down from 52.3 in March, although it remains above the boom-or-bust line of 50 that separates expansion from contraction.

The April reading was the third straight monthly decline and the lowest index reading since September 2012.

Individually, sales, supplier deliveries and new orders expanded, while stocks and employment were in contraction.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Tue May 21, 2019 1:08 am

Singapore Lowers 2019 Growth Outlook

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Singapore's economic growth outlook for this year was lowered as the manufacturing sector is set to log a sharp slowdown on weak global demand.

The city-state economy is forecast to grow 1.5 to 2.5 percent in 2019 compared to previous projection of 1.5 to 3.5 percent, the Ministry of Trade and Industry said Tuesday.

The ministry said the global growth outlook remains clouded by uncertainties and downside risks. The manufacturing sector is expected to face strong headwinds on account of a sharper-than-expected downturn in the global electronics cycle, as well as uncertainties arising from the ongoing trade conflicts.

Elsewhere, Enterprise Singapore maintained its total trade growth projection for 2019 at 0 to 2 percent, while non-oil domestic exports growth forecast was downgraded to -2 to 0 percent.

In the first quarter, gross domestic product climbed 1.2 percent year-on-year, following the 1.3 percent expansion seen in the previous quarter, the MTI reported. Meanwhile, on a quarter-on-quarter seasonally-adjusted annualized basis, the economy expanded 3.8 percent, a reversal from the 0.8 percent contraction in the preceding quarter.

The manufacturing sector shrank 0.5 percent as global demand for semiconductor equipment weakened. On the other hand, construction expanded 2.9 percent, a turnaround from the 1.2 percent decline in the previous three months.

The wholesale and retail trade sector shrank 1.8 percent, while the transportation and storage sector posted 0.8 percent growth. The accommodation & food services sector grew 1.8 percent.

Data showed that the information and communications sector expanded by 6.6 percent and the finance & insurance sector by 3.2 percent. Growth in the business services sector eased to 2.3 percent. The "other services industries" grew at a faster pace of 2.2 percent.

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Re: Forex News from InstaForex

Postby IFX Yvonne » Wed May 22, 2019 2:45 am

Japan Supermarket Sales Decline In April

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Japan's supermarket sales declined in April, data from the Chain Store Association showed Wednesday.

Supermarket sales dropped 1 percent year-on-year in April, reversing a 0.5 percent rise in March.

The annual drop was largely driven by clothing sales, which fell 7 percent. Meanwhile, services and household goods sales expanded from last year.

Before adjustment, sales grew 0.2 percent but slower than the 2 percent increase seen a month ago.

On a monthly basis, supermarket sales declined 1.6 percent in April.
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Re: Forex News from InstaForex

Postby IFX Gertrude » Wed May 22, 2019 10:35 pm

Japan Manufacturing PMI Sinks Into Contraction - Nikkei

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The manufacturing sector in Japan fell into contraction in May, the latest survey from Nikkei revealed on Thursday in its preliminary report - posting a manufacturing PMI score of 49.6.

That's down from 50.2 in April and it falls beneath the boom-or-bust line if 50 that separates expansion from contraction.

Individually, output and new orders fell for the fifth straight month, while the business outlook reflected pessimism for the first time more than six years.

New export orders, backlogs, stocks and quantities of purchases also were in contraction.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Wed May 22, 2019 10:35 pm

Japan Manufacturing PMI Sinks Into Contraction - Nikkei

Image

The manufacturing sector in Japan fell into contraction in May, the latest survey from Nikkei revealed on Thursday in its preliminary report - posting a manufacturing PMI score of 49.6.

That's down from 50.2 in April and it falls beneath the boom-or-bust line if 50 that separates expansion from contraction.

Individually, output and new orders fell for the fifth straight month, while the business outlook reflected pessimism for the first time more than six years.

New export orders, backlogs, stocks and quantities of purchases also were in contraction.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Mon May 27, 2019 12:15 am

China Industrial Profits Decline In April

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China's industrial profits decreased in April, data from the National Bureau of Statistics showed Monday.

In April, profits of large industrial firms declined 3.7 percent on year in contrast to an increase of 13.9 percent growth in March.

Industrial profits fell 3.4 percent in the first four months of 2019 from the same period of last year compared to a decrease of 3.3 percent in three months to March.

Zhu Hong of the statistics bureau said the decline in profits in April was driven by the timing of Value Added Tax cut.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Tue May 28, 2019 12:47 am

Japan Producer Prices Rise 0.9% On Year In April

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Producer prices in Japan were up 0.9 percent on year in April, the Bank of Japan said on Tuesday.

That was shy of expectations for an increase of 1.1 percent on year, which would have been unchanged from the March reading.

On a monthly basis, producer prices slipped 0.2 percent after advancing 0.7 percent a month earlier.

Individually, prices were up for leading and office space rental - while they were lower for transportation, employment agencies, software development, engineering, communications and advertising.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Wed May 29, 2019 12:35 am

UK Shop Price Inflation Accelerates In May

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UK shop price inflation increased notably in May on non-food prices, the British Retail Consortium reported Wednesday. Shop prices inflation doubled to 0.8 percent in May from 0.4 percent in April.

Food prices climbed 1.8 percent annually and non-food prices gained 0.2 percent. Food inflation continued to slow but it remained above the 12-month average. At the same time, non-food categories such as furniture and health and beauty follow years of deep discounting.

Shop price growth in May was the second highest inflation rate seen in the last six years, though it remains well below headline inflation, Helen Dickinson, chief executive at BRC said.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Thu May 30, 2019 12:05 am

New Zealand 2019 Budget Lifts Spending

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New Zealand government plans to raise spending over the forecast period and lowered its economic growth projection.

"In this first Wellbeing Budget our priorities are focused on tackling the long-term challenges facing New Zealand," Finance Minister Grant Robertson said in his budget speech on Thursday.

"The Government has delivered the critical investments needed to help address the long-term challenges facing New Zealand, while remaining in line with our self-imposed Budget Responsibility Rules," Robertson said.

The annual operating allowance in Budget 2019 was raised to NZ$3.8 billion from NZ$2.4 billion. The operating allowance for Budget 2020 has also increased to NZ$3.0 billion from NZ$2.4 billion.

The economy is forecast to grow at 2.6 percent on average over the next five years. Gross domestic product is expected to expand 3.2 percent next year from an estimated 2.1 percent this year. The projection for 2019 was lowered from 2.9 percent.

The budget forecast an operating surplus of NZ$3.5 billion for the year ending June. Government debt is expected to fall to 19.9 percent in 2022.

The unemployment currently at 4.2 percent is set to remain at around 4 percent across the forecast period, he said.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Thu May 30, 2019 11:27 pm

China Manufacturing PMI Falls Into Contraction

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The manufacturing sector in China turned to contraction in May, the National Bureau of Statistics said on Friday with a manufacturing PMI score of 49.4.

That was shy of expectations for 49.9 and down from 50.1 in April. It also fell below the boom-or-bust line of 50 that separates expansion from contraction.

The non-manufacturing PMI came in at 54.3 - unchanged from the previous month and in line with expectations.

The composite index had a score of 53.3, down fractionally from 53.4 a month earlier.

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