United States Investment
Conversely, growth in imports of goods and services slowed to 7.8% in the quarter (Q1: +9.3% SAAR). On an annual basis, economic growth sped up to 12.2% in Q2, following the previous period's 0.5% increase. Turning to Q3, growth is likely to stay robust. Household spending should continue to grow strongly; the savings rate remains elevated and
Actived: 4 days ago
Costa Rica Investment
(1 days ago) Costa Rica - Investment GDP growth accelerates to over 23-year high in Q2, partly on favorable base effect. GDP rebounded at the quickest pace in over 23 years in the second quarter of 2021 (Q2: +9.4% yoy; Q1: -2.1% yoy), according to rebased national accounts data, with the new base year referring to 2017 prices.
(9 days ago) Honduras - Investment. The economy is set to have contracted again in Q3. In August, economic activity fell for the sixth month running, albeit at the softest pace since the crisis began in March, on the back of declining activity in the mining and quarrying, hotels and restaurants, construction, and transport and storage sectors.
United States Economy
(5 days ago) United States Economic Growth GDP will expand rapidly this year as the impact of the pandemic fades and the labor market recovers. In 2022, growth should moderate on a less favorable base effect, but recovering household consumption and pent-up demand will likely keep momentum upbeat nonetheless.
(2 days ago) Economic Data by Category. FocusEconomics polls the world's leading economists for their forecasts for more than 130 countries in Asia, Europe, the Americas, the Middle East & North Africa and Sub-Saharan Africa. For the latest detailed macroeconomic news and forecasts, select an indicator below:
Energy Commodities Prices, Charts, Forecasts, News
(Just Now) Energy Commodities Price Outlook. Energy prices bounce back strongly in September. Energy prices jumped 9.0% month-on-month in September, rebounding from August’s 3.1% decrease and marking the second-best outturn since March. The energy price recovery in the final month of Q3 was broad-based.
13 Experts: Predictions for the Global Economy in 2019
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Uranium Price Historical Charts, Forecasts, & News
(8 days ago) Uranium Price Outlook. Uranium prices shot up to a near seven-year high at the beginning of September, on the back of soaring demand from financial investors which has drained the physical market. The commodity traded at USD 39.0 per pound on 10 September, which was up 21.9% from the same day a month earlier. Moreover, the price was 30.0%
Costa Rica Monetary Policy October 2020
(8 days ago) At its monetary policy meeting on 28 October, the Central Bank of Costa Rica decided to maintain the monetary policy rate at its record low of 0.75%, having cut it from 1.25% on 17 June. The Bank’s decision will give continuity to its expansionary and countercyclical monetary policy, in order to bolster the economy and further address the current and projected low inflationary
Nickel Price Historical Charts, Forecasts, & News
(2 days ago) Prices for nickel strengthened over the past month, on the back of healthy global demand and rising supply concerns. On 10 September, nickel traded at USD 20,427 per metric ton, which was up 7.9% from the same day in the previous month. Moreover, the price was up 38.2% from the same day a year ago and was 23.4% higher on a year-to-date basis.
ASEAN Economic Outlook Data, Statistics & Forecasts
(5 days ago) GDP growth forecast for 2021 downgraded again While the outlook for regional GDP growth in 2021 received its ninth successive downgrade this month, amid elevated infection rates in key economies, prospects for 2022 appear a lot brighter. The majority of countries in the region should see an acceleration in growth next year, as higher private spending growth …
Copper Price Historical Charts, Forecasts, & News
(2 days ago) Copper Price Outlook. Copper prices fell to their lowest point since April in the second half of August, due to signs of a waning recovery in China and the U.S., before bouncing back in recent weeks. On 10 September, the red metal closed the day at USD 9,685 per metric ton, which was up 2.0% from the same day last month.
(6 days ago) Japan - Investment GDP grows at faster rate than previously estimated in the second quarter. According to a comprehensive estimate, GDP increased 1.9% in seasonally-adjusted annualized terms (SAAR) in the second quarter, somewhat above the 1.3% print from the preliminary estimate and contrasting the 4.2% contraction recorded in the first quarter.
Japan Investment July 2020
(Just Now) Core machinery orders—which cover the private sector, exclude volatile orders and are a leading indicator for capital spending over the coming three-to-six-month period—expanded 6.3% month-on-month in seasonally-adjusted terms in July, bouncing back strongly from June’s 7.6% decline. The result marked the best result since November 2019 …
(2 days ago) Switzerland - Investment Economy rebounds in Q2 as restrictions are lifted. Economic activity rebounded, growing 1.8% on a seasonally-adjusted quarter-on-quarter basis in the second quarter, contrasting the 0.4% contraction recorded in the first quarter.
Steel Price (USA) Historical Charts, Forecasts, & News
(5 days ago) The U.S. steel prices continued to rally in recent weeks, as tight supply backdrop more than offset softer demand due to the summer lull. Hot-rolled coil steel traded at USD 1,885 per metric ton on 6 August, which was 4.7% higher than on the same day in the prior month. Moreover, the price was up 87.6% on a year-to-date basis and was 303.6%
Mexico Interest Rate
(Just Now) Mexico - Interest Rate. The target of the overnight interbank interest rate (tasa de fondeo bancario) is the main monetary policy instrument used by Mexico’s Central Bank (Banxico) to control liquidity in the market and to ensure the stability of …
Saudi Arabia Commodities March 2021
(7 days ago) Oil prices continued to rise in recent weeks, supported by positive developments on the Covid-19 vaccine front, the House’s approval of a third U.S. stimulus package, tighter supply—as Saudi unilaterally decided to cut production by an additional 1.0 mbpd in February–April. On 4 March, the OPEC oil basket traded at USD 64.24 per barrel, up 10.3% …
Azerbaijan Fiscal Balance
(5 days ago) On the downside, capital spending weakened again in year-on-year terms in July. Meanwhile, in early August, President Ilham Aliyev called on state officials to rein in spending by refraining from investing in unproductive projects, with prioritization key as the country looks to reconstruct territories gained following the conflict with Armenia.
Brazil Interest Rate
(Just Now) Brazil - Interest Rate COPOM hikes rates for fifth consecutive meeting in September. At its 21–22 September meeting, the Monetary Policy Committee (COPOM) of Brazil’s Central Bank (BCB) unanimously decided to raise the benchmark SELIC interest rate by 100 basis points to 6.25%—as widely expected by market analysts—marking the fifth …
United Arab Emirates Investment
(1 days ago) United Arab Emirates - Investment Growth dips in 2016 as fiscal austerity bites. The UAE’s economy slowed last year according to recently released figures from the Federal Competitiveness and Statistics Authority (FCSA), in line with other countries across the …
South Africa Interest Rate
(6 days ago) South Africa - Interest Rate SARB keeps rate unchanged in September meeting. At its 23 September meeting, the Monetary Policy Committee of the South African Reserve Bank (SARB) unanimously voted to leave the repurchase rate unchanged at its record low of 3.50%--where it has been since July last year.
Romanian Leu Exchange Rate (EUR to RON)
(5 days ago) Romania - Exchange Rate Leu slides to all-time low in March on coronavirus fears. The Romanian leu (RON) lost ground against the euro over the past month and hit an all-time low of 4.86 per EUR on 18 March amid market fears over the fast-spreading coronavirus globally and its impact on economic activity.
(1 days ago) Argentina Economic Growth GDP will rebound this year, partly thanks to a low base effect, while the pace of growth will slow significantly in 2022 as weak macro fundamentals, capital controls and a lack of investor confidence weigh on the economy.
New Zealand Economy
(3 days ago) New Zealand Economic Growth GDP is set to expand this year and next, after 2020’s pandemic-induced drop. Unleashed pent-up spending and expansionary fiscal and monetary policy stances will rekindle capital and consumer spending, while a brighter international backdrop should support demand for commodities.
(7 days ago) Greece - Investment Economy records best result on record in Q2 on low base effect. GDP bounced back solidly, growing 16.2% in Q2 and contrasting the 2.3% contraction tallied in the first quarter, as the easing Covid-19 restrictions spurred activity.
(1 days ago) Australia Economic Growth GDP is set to grow strongly this year and next. Supportive fiscal and monetary policy stances, a flexible economy and excess savings should boost domestic activity, while robust global demand for commodities will support exports.
South Africa Economy
(4 days ago) South Africa Economic Growth. GDP is set to rebound strongly this year from 2020’s pandemic-induced downturn, spurred by healthier investment and private consumption dynamics, while growth is projected to ease in 2022. An elevated unemployment rate, social unrest and frail public finances pose downside risks, while ongoing power shortages
Netherlands PMI August 2020
(4 days ago) Operating conditions in the manufacturing sector improved for the first time since the outset of the Covid-19 crisis, with the NEVI manufacturing Purchasing Managers’ Index (PMI) rising to 52.3 in August from 47.9 in July. As such, the headline reading moved above the neutral 50-threshold mark that separates an overall increase from decrease compared to the prior …
White paper: Latin America in 2017
(3 days ago) This white paper is recommended for anyone doing business or investing in Latin America in the coming years. About FocusEconomics. FocusEconomics is a leading provider of economic analysis and forecasts for over 130 countries in Africa, Asia, the Americas, Europe and the Middle East, as well as price forecasts 30 key commodities.
Netherlands: Manufacturing PMI eases slightly in December
(7 days ago) The NEVI manufacturing Purchasing Managers’ Index (PMI), co-produced with IHS Markit, came in at 62.2 points in December, fractionally below the previous month’s record-high of 62.4. Nonetheless, the PMI remained firmly entrenched above the crucial 50-point mark that separates expansion from contraction in the manufacturing sector. The result signaled that …
Central & Eastern Europe Economic Outlook Data
(6 days ago) GDP forecast to expand robustly in 2021 The regional economy is set to expand solidly this year amid the easing of restrictions, before slowing somewhat in 2022. Although consumer spending in the region is set to accelerate, the normalization of global trade should see export growth slow, while weaker public spending will also contribute to the slowdown.
Steel Price (Europe) Historical Charts, Forecasts, & News
(8 days ago) Steel (Europe) Price Outlook. Steel prices declined in recent weeks, due to downbeat trading activity amid the summer season and uncertainty ahead of potential tariff removals between the U.S. and EU. Hot-rolled coil European steel traded at USD 1,330 per metric ton on 10 September, which was down 1.5% from the same day last month.
Brazil PMI June 2020
(4 days ago) Brazil: Manufacturing PMI returns to expansion in June. July 1, 2020. The manufacturing Purchasing Managers’ Index (PMI), produced by IHS Markit, increased to 51.6 in June from 38.3 in May. Thus, the PMI climbed above the 50-threshold for the first time since February, signaling an improvement in business conditions in the manufacturing sector.
Azerbaijani Manat Exchange Rate (USD to AZN)
(4 days ago) On the downside, capital spending weakened again in year-on-year terms in July. Meanwhile, in early August, President Ilham Aliyev called on state officials to rein in spending by refraining from investing in unproductive projects, with prioritization key as the country looks to reconstruct territories gained following the conflict with Armenia.