Business News Asia
The Conference Board announced that its Leading Economic Index (LEI) fell 1.0% in December, following a 1.1% decline in November, marking the 10th straight month of declines. Analysts had expected the index to fall by just 0.7% in December. The…
Brazil and Argentina, the two largest economies in South America, are in the preliminary stages of reviving discussions about adopting a common currency for financial and trade transactions. The idea has been discussed in the past, but political and economic…
The latest data from the Center for Economic Research for Europe (ZEW) showed that Germany’s economic sentiment rose to +16.9 in January, surpassing analysts’ expectations of -15.0 and marking the first time the Confidence Index has turned positive since February…
On Tuesday, the country’s chief economic minister, Airlangga Hartarto, announced that Indonesia’s economic growth for this year is projected to be between 4.7% and 5.3%. This falls below the government’s official growth target for 2022, which is set at 5.3%.…
Singapore’s Ministry of Trade and Industry said Monday (Jan. 3) that gross domestic product (GDP) grew 3.8% year-on-year in 2022. This is better than the expected 3.5%, but Singapore’s economy is expected to slow in 2023. GDP grew 2.2% year-over-year…
The Conference Board reported that its Leading Economic Index (LEI) fell 1.0% in November after falling 0.9% in October, marking the ninth consecutive month of decline. Analysts had expected the index to fall only 0.5% in November. The Conference Board…
Germany’s Ifo economic research institute said Tuesday that its business climate index rose more than expected in December as it approaches the end of the year with a brighter outlook. Although it is still struggling with an energy crisis and…
Experts expect inflation to slow next year due to rising interest rates, recession risks and lower consumer spending. However, commodity, food and energy prices are expected to fall compared with the previous year, when prices for these products had risen…
The European Commission (EC), the executive body of the European Union (EU), announced that its economic sentiment index for the Eurozone rose to 93.7 in November from 92.7 in October. This was above analysts’ expectations of 93.5. The index rose…
Asia On Monday, retail sales for October will be published in Australia. On Tuesday, Japan releases retail sales for October and Singapore releases the producer price index (PPI) for October. On Wednesday, South Korea reports industrial production for October and…
