Czech Producer Price Inflation Steady

Czech producer price inflation remained stable in August, figures from the Czech Statistical Office showed on Monday. The producer price index rose 2.1 percent year-on-year in August, the same rate as seen in July. Economists had expected the rate to ease to 1.9 percent. Among the main components, prices of electricity, gas, steam and air conditioning rose 7.7 percent annually in August. Among the main industrial groupings, prices of non-durable consumer goods and energy grew by 3.5 percent and 3.4 percent, respectively, in August. On a monthly basis, retail sales…

China Shows Signs Of Reeling Under Trade War, Weaker Demand Pressures

China’s industrial production grew at the weakest pace in 17-and-a-half years in August and the retail sales expansion slowed unexpectedly, while the government signaled that it will be hard to maintain growth above 6 percent, as the economy tries to cope with weakening global demand and the adverse effects of a trade war with the United States. Industrial production increased 4.4 percent year-on-year, which was the weakest pace since February 2002, preliminary figures from the National Bureau of Statistics showed on Monday. The latest pace of growth in production was…

U.S. Retail Sales Climb More Than Expected Amid Jump In Auto Sales

Reflecting a jump in auto sales, the Commerce Department released a report on Friday showing U.S. retail sales increased by more than expected in the month of August. The Commerce Department said retail sales rose by 0.4 percent in August after climbing by an upwardly revised 0.8 percent in July. Economists had expected retail sales to rise by 0.2 percent compared to the 0.7 percent increase originally reported for the previous month. The stronger than expected retail sales growth came as sales by motor vehicle and parts dealers spiked by…

U.S. Import Prices Drop More Than Expected Amid Plunge In Fuel Prices

With fuel prices pulling back sharply, the Labor Department released a report on Friday showing a slightly bigger than expected decrease in U.S. import prices in the month of August. The report showed import prices fell by 0.5 percent in August after inching up by a downwardly revised 0.1 percent in July. Economists had expected import prices to drop by 0.4 percent compared to the 0.2 percent uptick originally reported for the previous month. The decrease in import prices came as prices for fuel imports plunged by 4.3 percent in…

U.S. Consumer Sentiment Rebounds More Than Expected In September

After reporting a substantial deterioration in U.S. consumer sentiment in the previous month, the University of Michigan released preliminary data on Friday showing sentiment has rebounded by more than anticipated in the month of September. The report said the consumer sentiment index rose to 92.0 in September after plunging to a three-year low of 89.8 in August. Economists had expected the index to inch up to 90.9. The bigger than expected rebound by the headline index came as the index of current economic conditions crept up to 106.9 in September…