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Global Economic Update

09:44, 29 décembre

Global Economic Update

  • The European Central Bank (ECB), in its economic bulletin, stated that the Eurozone’s economic expansion continues to be strong and broad-based and the region is expected to sustain its robust momentum into next year. Meanwhile, the central bank expects the region’s underlying inflation to pick up gradually and restated that the solid recovery still requires monetary policy stimulus to bring inflation to the target in a sustainable way.
  • In the US, the advance goods trade deficit unexpectedly climbed to USD 69.70 billion in November, compared to a revised level of USD 68.10 billion in the previous month. The seasonally adjusted initial jobless claims remained unchanged at a level of 245.00 K in the week ended 23 December 2017. The Chicago Fed purchasing managers index rose surprisingly to 67.60 in December, compared to a reading of 63.90 in the prior month. The seasonally adjusted continuing jobless claims increased unexpectedly to 1943.00 K in the week ended 16 December 2017, compared to a level of 1936.00 K in the last week. The seasonally adjusted flash wholesale inventories surged more-than-expected 0.70% on a MoM basis in November, compared to a fall of 0.50% in October.
  • In Australia, the private sector credit rose more-than-anticipated 5.40% on a YoY basis in November, compared to a rise of 5.30% in October.