International News
- The IMF warns that a severe recession would slash US public wealth by about $5 trillion, causing vastly more damage to Washington's finances than just an increase in debt and deficits.
- US producer price index for final demand increased by 0.2% in September after edging down by 0.1% in August.
- US existing home sales plunged by 3.4% to an annual rate of 5.15 mn in September after edging down by 0.2% to a revised rate of 5.33 mn in August.
- US pending home sales index climbed by 0.5% to 104.6 in September after tumbling by 1.9% to a revised 104.1 in August.
- US durable goods orders edged up a slight 0.8% in September, a sharp slowdown from a 4.6% jump in August.
- Japan’s retail sales rose an annualized 2.1% in September, compared with a 2.7% expansion in August.
- Japan's jobless rate fell to 2.3% in September from 2.4% in August.
- Japan's industrial production fell 2.9% on year in September following the 0.2% increase in the previous month.
- Japan consumer prices were up 1.2% on year in September compared to an increase of 1.3% in August.
- China's economy grew 6.5% in the third quarter from a year earlier, compared with 6.7% growth in the previous quarter.
- China’s industrial output rose 5.8% year-on-year in September, down 0.3% from August.
- China’s retail sales rose 9.2% in September from a year earlier, unchanged from the growth rate in August.
- Oil prices drop as escalating US-China trade war clouds demand outlook.
- Japan industrial output fell 0.2% in July instead of 0.1% drop estimated initially.
Last Updated: 15th October 2018
Next Update On: 31st October 2018
Update Frequency: Once Every Fortnight
