Economic outlook

February 22, 2019 - 5:07 am
BERLIN (AP) — Business confidence in Germany has fallen for the sixth consecutive month and hit a four-year low as worries persist about the outlook for Europe's biggest economy at a time of global trade tensions, a closely watched survey showed Friday. The Ifo institute said its monthly index...
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A plane flies over the banking district during sunrise in Frankfurt, Germany, Saturday, Feb. 16, 2019. (AP Photo/Michael Probst)
February 19, 2019 - 7:31 am
FRANKFURT, Germany (AP) — An index of investor confidence in Germany shows little expectation of a pickup in growth, a downbeat sign for Europe's largest economy and the wider 19-country eurozone. The ZEW institute's indicator rose a mere 1.6 points in February over January to minus 13.4 points and...
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FILE- In this Dec. 24, 2018, photo a last-minute shopper scans his mobile device next to a sign marking discounts on coats at Columbia store as shoppers finish up their Christmas gift lists at the Outlet Malls in Castle Rock in Castle Rock, Colo. The On Thursday, Feb. 14, 2019, the Commerce Department releases U.S. retail sales data for December. (AP Photo/David Zalubowski, File)
February 14, 2019 - 5:59 pm
WASHINGTON (AP) — U.S. retail sales fell in December, posting the biggest drop since September 2009 and delivering more evidence that last year's holiday sales fizzled unexpectedly. Even e-commerce suffered a big setback. The Commerce Department said Thursday that December retail sales fell 1.2...
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Green traffic lights shine above the city of Frankfurt, Germany, Tuesday, Feb. 5, 2019. (AP Photo/Michael Probst)
February 07, 2019 - 10:23 am
FRANKFURT, Germany (AP) — European Union officials have slashed their growth forecast for the 19 countries that use the euro, saying even the lower estimate was vulnerable to "large uncertainty" from slowing growth in China and weakening global trade. The EU's executive Commission cut the forecast...
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The Governor of the Bank of England, Mark Carney speaks during a news conference to confirm the main interest rate will remain at 0.75 percent, at the Bank of England in London, Thursday Feb. 7, 2019. The Bank of England said that Brexit uncertainties and a weaker global economy overall, mean that British growth in 2019 is likely to be 1.2 percent. (Hannah McKay/Pool via AP)
February 07, 2019 - 9:54 am
LONDON (AP) — The British economy is set to grow at its slowest rate since the global financial crisis a decade ago as the "fog of Brexit" causes heightened uncertainty, the Bank of England warned Thursday. With Britain due to leave the European Union in just 50 days, the central bank said that...
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A currency trader works near screens showing the foreign exchange rates at the foreign exchange dealing room in Seoul, South Korea, Thursday, Feb. 7, 2019. Asian shares were mostly higher Thursday on news that the Reserve Bank of Australia may cut interest rates, driving hopes that other central banks could come to the same conclusion. (AP Photo/Lee Jin-man)
February 07, 2019 - 5:24 am
SINGAPORE (AP) — World stocks were mostly lower on Thursday ahead of the European Commission's economic forecasts. Germany reported its industrial production slipped 0.4 percent in December from the previous month, way below the 0.9 percent gain analysts had expected. The latest data follows a 1.6...
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February 06, 2019 - 3:02 am
BERLIN (AP) — German factory orders were down 1.6 percent in December compared with the previous month, official data showed Wednesday — a worse-than-expected performance that adds to worries about slowing growth in Europe's biggest economy. Economists had expected a 0.3 percent increase. However,...
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FILE- In this Jan. 30, 2019, file photo a buyer wanders between display walls of coats at the Outdoor Retailer & Snow Show in the Colorado Convention Center in Denver. The National Retail Federation, the nation's largest retail trade group, is forecasting that retail sales could grow between 3.8 percent and 4.4 percent to more than $3.8 trillion this year as shoppers remain in a mood to spend in a strong economy. (AP Photo/David Zalubowski, File)
February 05, 2019 - 1:43 pm
NEW YORK (AP) — The National Retail Federation, the nation's largest retail trade group, forecasts that retail sales should grow between 3.8 percent and 4.4 percent to more than $3.8 trillion this year as shoppers remain in the mood to spend in a strong economy and job market. The forecast,...
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FILE-This Wednesday, Nov. 28, 2018 file photo shows Mari Keels transferring a front end of a General Motors Chevrolet Cruze during assembly at Jamestown Industries, in Youngstown, Ohio. Jamestown Industries, which supplies front and rear bumper covers for the Cruze, hopes its efforts to secure new business will allow its Youngstown plant to keep going. But the plant is down from three shifts to one and GM is still its biggest customer. (AP Photo/Tony Dejak, File)
February 02, 2019 - 8:37 am
TOLEDO, Ohio (AP) — The sting from a major restructuring at General Motors and its planned closings of five North American factories in the coming months is putting thousands of jobs at auto parts suppliers at stake, as well. While GM expects nearly all its U.S. blue-collar workers whose jobs are...
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FILE- In this Jan. 3, 2019, file photo an employment sign hangs from a wooden fence on the property of a McDonald's restaurant in Atlantic Highlands, N.J. On Friday, Feb. 1, the U.S. government issues the January jobs report, which will reveal the latest unemployment rate and number of jobs U.S. employers added. (AP Photo/Julio Cortez, File)
February 01, 2019 - 1:13 pm
WASHINGTON (AP) — U.S. employers shrugged off last month's partial shutdown of the government and engaged in a burst of hiring in January, adding 304,000 jobs, the most in nearly a year. The healthy gain the government reported Friday illustrated the job market's resilience nearly a decade into the...
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