Germany’s Industrial Output Declines In September

Germany’s industrial production declined more-than-expected in September, but the output expanded for the third quarter as a whole, signaling a robust underlying trend. Industrial production fell 1.6 percent month-on-month in September, in contrast to August’s 2.6 percent increase, data from Destatis showed Tuesday.

The post Germany’s Industrial Output Declines In September appeared first on Forex news – Binary options.

Australia Maintains Interest Rate At Record Low

Australia’s central bank decided to maintain its interest rate at a record low, as widely expected, on Tuesday. The board of the Reserve Bank of Australia, governed by Philip Lowe, maintained the cash rate at 1.50 percent. The interest rate has been at this level since September 2016. The bank had reduced the rate by 25-basis points each in August and May last year.

The post Australia Maintains Interest Rate At Record Low appeared first on Forex news – Binary options.

German Factory Orders Grow Unexpectedly In September

Germany’s factory orders increased unexpectedly in September driven by foreign demand, while domestic orders remained weak. Factory orders grew 1 percent month-on-month in September, but slower than August’s revised 4.1 percent increase, data from Destatis revealed Monday. This was the second consecutive rise and came in contrast to the expected decrease of 1.1 percent.

The post German Factory Orders Grow Unexpectedly In September appeared first on Forex news – Binary options.

U.S. Service Sector Growth Unexpectedly Accelerates In October

Activity in the U.S. service sector unexpectedly grew at a faster rate in the month of October, according to a report released by the Institute for Supply Management on Friday. The ISM said its non-manufacturing index inched up to 60.1 in October from 59.8 in September.

The post U.S. Service Sector Growth Unexpectedly Accelerates In October appeared first on Forex news – Binary options.

UK Service Sector Expands Most In 6 Months On Strong Orders

The UK service sector expanded at the strongest pace in six months in October, largely driven by improved order books and client demand, survey data from IHS Markit showed Friday. The IHS Markit/Chartered Institute of Procurement & Supply Purchasing Managers’ Index rose unexpectedly to 55.6 in October from 53.6 in September. The reading was expected to drop to 53.3.

The post UK Service Sector Expands Most In 6 Months On Strong Orders appeared first on Forex news – Binary options.