Monday, October 17, 2011

20111017 1214 Global Economic Related News.

U.S: Michigan consumer sentiment index unexpectedly falls in October as Americans' outlooks for the economy and their finances slumped to the lowest level since 1980. The Thomson Reuters/University of Michigan preliminary index of consumer sentiment decreased to 57.5 this month from 59.4 in September. The gauge of consumer expectations for six months from now, which more closely projects the direction of consumer spending, dropped to 47, the lowest since May 1980. (Source: Bloomberg)

U.S: September retail sales increase by most in seven months. Purchases grew 1.1% MoM, exceeding the median forecast of economists. (Source: Bloomberg)

E.U: Inflation accelerated to the fastest in almost three years in September on soaring energy costs. The euro-area inflation rate jumped to 3% YoY last month from 2.5% YoY in August, the European Union's statistics office in Luxembourg said. (Source: Bloomberg)

China: Inflation exceeded 6% for a fourth month in September, limiting the government's ability to ease monetary policy as a weakening global recovery threatens growth in the world's second-largest economy. Consumer prices increased 6.1% YoY in September, led by a jump in food costs, the National Bureau of Statistics said. (Source: Bloomberg)

India: Inflation exceeded 9% for a 10th straight month in September, maintaining pressure on the central bank to extend its record interest-rate increases. The benchmark wholesale-price index rose 9.72% YoY after a 9.78% YoY jump in August, the commerce ministry said in New Delhi. (Source: Bloomberg)

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