Good days friends, economic news for today we reporting complete data from Singapore, England and United States of America, Economic data from Singapore we reporting, Singapore Retail Sales Decline On Weak Auto Demand, the data describe Singapore's retail sales declined on a sharp contraction in automobile sales in June, reflecting weak economic activity in the second quarter. Nonetheless, the rate of decline slowed more than expected from the previous month before
England banking regulator, Policymakers Voted 9-0 On QE, Interest Rate, Bank of England Minutes Show, Policymakers of the Bank of England were unanimous in maintaining quantitative easing at Great British Pound 375 billion early this month, by the way, the detail minutes of the August meeting revealed Wednesday. The decision to retain the interest rate at a record low 0.50 percent was also unanimous. Policymakers led by governor Mervyn King said they will review the need for more measures in light of the impact of the recently announced credit boosting steps
From British economic news we reporting, U.K. Claimant Count Unexpectedly Falls Despite Severe Recession, Indicating the remarkable resilience of the U.K. labor market amid a severe recession, the number of Britons seeking jobless benefits unexpectedly declined in July, apparently due to a temporary boost from the London Olympics 2012. Economists doubt the bounce would last long, even though self-employment and part-time jobs are partly keeping the unemployment down in the economy hit hard by recession and government's austerity measures
Another economic data from U.S. We can reporting, U.S. Consumer Prices Unchanged For Second Straight Month In July, With a continued drop in energy prices offset by higher prices for shelter and medical care, the Labor Department released a report on Wednesday showing that U.S. consumer prices unexpectedly came in unchanged in the month of July
Meanwhile, New York Manufacturing Index Falls Much More Than Expected, Conditions for New York manufacturers have unexpectedly deteriorated in the month of August, this data is according to a report released by the Federal Reserve Bank of New York on Wednesday, with the index of regional manufacturing activity turning negative for the first time since October of 2011, this condition indicated slowdown manufacturer growth