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Consumer sentiment in the U.S. deteriorated in March, much more than initially thought, according to revised data published by the University of Michigan on Friday. the report said the consumer sentiment index for March was revised downward to 89.1, with a preliminary value was 95.9. the consumer sentiment Index now fell sharply compared to the final February index 101,0, reflecting the fourth largest monthly decline in almost half a century. the Chief economist of studies of consumer attitudes, Richard Curtin noted that the sharpest fall in a month was a drop by 12.7 points in response to the deepening recession in October 2008. Curtin noted that in response to the recession of 1980 and hurricane Katrina in September 2005 also saw two fall to 12.2 points...
Retail sales in Ireland decreased for the second consecutive month in February, as evidenced by the data of the Central statistical office showed Friday. the Volume of retail sales declined 4.3 percent month-on-month in February after falling 0.3 percent in January. In February, the value of retail sales fell 4.3 percent, after rising 0.4 the previous month. on a yearly basis, retail sales declined 0.3 percent in February after rising 5.8 percent in the previous month. on an annual basis, the value of retail sales dropped 0.4 percent in February after rising 5.3 percent in the previous month.
Retail sales in Latvia rose to its highest level in ten months in February, as evidenced by the data of the Central statistical office showed Friday. Retail sales rose by 5.0 percent year-on-year in February after rising 1.6 percent in January. the Last volume of retail sales was the highest since April of 2019, when it was 6.3 percent. the Turnover of retail trade in food products in February rose 3.0% yoy, and the trade turnover of food products increased by 8.2 percent. on a monthly basis, retail sales grew 3.5 percent after growing 0.1 percent in the previous month.
Gold Prices fell as a result of profit-taking on Friday, but drag. the metal needs to show its best weekly gain since December 2008, amid expectations that more countries will introduce some stimulus measures to stop the economic damage caused by pandemic coronavirus. Spot gold fell 0.4 percent to $ 1 621,03 per ounce after rising for five consecutive sessions. Gold futures in the U.S. fell 1.6 percent to 1 624,50 dollars per ounce. the US Federal Reserve has already cut rates to zero and began quantitative easing. The U.S. Senate adopted a package of emergency aid worth 2.2 trillion. U.S. dollars designed to mitigate the financial damage caused by the coronavirus pandemic. There is a demand for more fiscal and monetary support after the data of the...
Oil Prices on Friday traded mixed after G20 leaders pledged to invest more than $ 5 trillion into the world economy, to limit the loss of jobs and income from the coronavirus and to do everything possible to overcome the pandemic. Benchmark Brent crude oil fell 1.30 percent to 26.00 dollars per barrel, while crude oil futures in the U.S. rose by 0.2 percent to 22.64 USD. During a two hour virtual meeting of all G20 countries decided to collect $ 5 billion for the world economy to cope with the social and economic consequences COVID-19. They also agreed to further strengthen the mandate of the world health organization (who) in the fight against pandemics and the scheduling of diagnostic tools, drugs, vaccines, treatments, and other medical supplies, as the...
Consumer price Inflation in Iceland eased in March, after rising in the previous month, according to statistics Iceland showed Friday. The consumer price index rose 2.1 percent annually in March after rising 2.4 percent in February. Excluding the cost of housing inflation in March was 1.8 percent. On a monthly basis, consumer prices rose 0.2 percent in March after rising 0.9 percent in the previous month. Prices of clothing and footwear rose by 4.5 percent, and housing prices, owner-occupied, increased by 0.9 percent. Meanwhile, prices for international tickets has decreased by 10.1 percent, while prices for gasoline and diesel fuel fell by 2.6 percent.
Consumer Confidence France weakened slightly in March, survey results from the statistical office Insee showed Friday. the consumer confidence Index fell to 103 in March from a revised 104 in February. The forecast was made in relation to the sharp fall of the indicator to 92,0. the Percentage of households that consider the moment appropriate time for making major purchases declined as the corresponding index fell seven points to -16. the Balance of opinions of households regarding their future financial situation fell two points to -7. Meanwhile, the balance of the financial situation in the last year increased two points to -13. At the same time, the balance of opinion on future living standards fell sharply to -36 -26 with. on the Contrary, increased...
Consumer confidence in Italy fell in March and business confidence fell sharply, according to a survey from the statistical office showed Friday. Consumer confidence fell to 101,0 in March from 110.9 in February. The business confidence index decreased to 81.7 in March from 97.8 per in the previous month. Economic sentiment fell to 96.2 in March 121,9 in the previous month. The manufacturing confidence index dropped to 89.5 in March to 98.8 in February. In the construction sector sentiment index fell to with over 139.0 142,3. The indicator for services fell to 79.6 from 99.4 in February, and for the retail trade fell to 97,4 with 106,6.
Retail sales in Sweden rose to its highest level in seven months in February, as evidenced by data from Statistics Sweden showed Friday. Retail sales increased by 2.8 percent year-on-year in February after rising 2.7 percent in January. the Last increase in sales was the highest since July 2019, when growth was 4.3 percent. the Sale of consumer goods, except goods from the state network of wine shops increased by 2.2 per cent, while sales of durable goods increased by 4.7 per cent. on a monthly basis, retail sales increased 0.2 percent in February.
The producer price Inflation in Slovakia increased in February, as shown by the data of the Statistical office of the Slovak Republic showed Friday. the producer price Index rose 2.2 percent year-on-year in February after rising 1.8 percent in January. the price of electricity, gas, steam and air conditioning increased by 3.9 percent year-on-year in January, while prices for production and water supply increased by 2.6 percent and 0.9 percent, respectively. meanwhile, the growth of prices for mineral production amounted to 3.3 percent. on a monthly basis, producer prices rose 1.2 percent in February after rising 0.9 percent in the previous month.
The unemployment rate in Hungary rose in the period from December to February, as evidenced by the data of the Central statistical office of Hungary, published on Friday. the unemployment rate increased to 3.5 percent in the period from December to February from 3.4 percent in the three months to January. the Number of unemployed increased to 163 700 for the period from December to February compared to the 160 and 300 for the previous three-month period. the Level of youth unemployment for the three months to February was 10.9 percent. the Level of employment decreased slightly to 68.2 percent in the period from December to February with 68.5 percent for the previous three-month period.
Retail sales in Lithuania rose to its highest level in ten months in February, as evidenced by data from the statistical office showed Friday. Retail sales excluding VAT and working-day adjusted increased by 6.9 percent year-on-year in February after rising 5.2 percent in January. the Recent sales growth was the highest since April of 2019, when it was 11.2 percent. the Sale of textiles, clothing and footwear in February rose 13 percent year on year, while sales in non-specialized stores decreased by 8.7 percent. compared with the previous month, retail sales rose 1.3 percent in February. For the period January-February retail sales grew by 6.0 percent compared to the same period last year.
Retail sales in Norway increased for the second straight month in February, as evidenced by figures from Statistics Norway showed Friday. Retail sales increased by 2.0 percent compared to the previous month in February after rising 0.5 percent in January. the Latter growth was due to the increase in sales of goods for culture and recreation and other household appliances. except of motor vehicles and petrol stations, retail sales rose 2.2 percent month-on-month in February after rising 0.5 percent in the previous month. on an annual basis, retail sales increased by 2.0 percent in February after falling 1.7 percent in the previous month.
The Level of economic confidence in Turkey declined in March, as evidenced by the data of the Turkish statistical Institute showed Friday. the Index of economic confidence fell to 91.8 in March from 97.5 in February. The last improvement was caused by the strengthening of morale in the sectors of manufacturing, services and retail trade. the consumer confidence Index in March rose to 58.3 from 57.3 in the previous month. the confidence Index in the manufacturing sector in March fell to 98.6, while the confidence index in the services sector dropped to 92.5. the Indicator of confidence in retail trade in March decreased to 101.7, and in the construction sector increased to 77.2.
Consumer confidence in New Zealand weakened in March, as evidenced by the data of the survey by the ANZ showed Friday. the Index of consumer confidence from ANZ-Roy Morgan fell to 106.3 in March from 122.1 in February. the current conditions Index fell to 114.2, and the index for future conditions fell to 101.0. the Opinion of consumers regarding their current financial position has deteriorated by 2 points to 12 percent. 17 percent of consumers expect that this year the financial situation will be better, but compared to February, this figure dropped by 15 points. the Balance of consumers considered the time suitable for making major purchases, fell by 25 points to 16 percent. the Opinion regarding the economic Outlook for the next year deteriorated...