US Wholesale Inventories Dip Slightly in April, Down by 0.1%
Introduction The United States’ economy has been experiencing ups and downs lately, and it seems that the wholesale sector is no exception. In April, the wholesale inventory experienced a slight dip of 0.1%, accompanied by a 0.2% increase in sales. The government’s report divulged that the inventory-to-sales ratio slightly decreased from 1.41 to 1.40 months, […]
April Sees Significant FX Reserves Dip: UOB Uncovers Surprising Changes
Enrico Tanuwidjaja and Junior Economist Agus Santoso, economists at UOB Group, have reviewed the latest release of foreign exchange (FX) reserves in Indonesia. In April 2023, Indonesia’s foreign exchange reserves slightly decreased by $1 billion to reach $144.2 billion. This latest reserve level is enough to finance 6.4 months of imports or 6.3 months’ worth […]
“April’s Core CPI Signals Looming Inflation as June’s FOMC Meeting Approaches – TDS Insights”
Data from the US released on Wednesday showed a decline in the annual Consumer Price Index in April in line with expectations. Analysts at TD Securities point out that April core CPI still suggests underlying inflation is likely to remain sticky ahead of the June FOMC meeting; they are of the view that a final 25bp rate […]
April Treasury Surplus Hits $178 Billion, Falling Short of $235 Billion Forecast
The United States Treasury Department has reported that the government registered a $178 billion surplus in April 2023. This figure, however, came in below the expected $235 billion. In the month under review, total receipts amounted to $638 billion, while outlays stood at $426 billion. Comparatively, in April of the previous year, the fiscal surplus […]
April Inflation Report Fuels Surge: US Stocks Open Higher, Investors Eye Market Movement
U.S. stocks opened higher on Wednesday following the release of an April inflation report. The S&P 500 SPX gained 32 points, or 0.8%, to 4,151. The Dow Jones Industrial Average DJIA rose by 194 points, or 0.6%, to 33,754. The Nasdaq Composite COMP increased by 134 points, or 1.1%, to 12,313. An April report on […]
April’s Used-Car Sales Plunge: Shocking 8% Drop in Retail Estimates!
In April 2023, used-car retail sales experienced a decline of approximately 8% year-over-year, according to data from Cox Automotive. However, average retail listing prices have continued to trend higher. Despite this, car buyers may soon be able to access better deals as wholesale used-vehicle prices decreased by 3% in April compared to March, marking the […]
“April’s Surprising Economic Twist: Inflation Takes a Step Back, Reveals UOB Report”
During the festive month of April, Indonesia experienced a surprising decline in its headline inflation, which eased to 4.3% year-on-year (y/y) from 5% in March. This stands in contrast to the expected trend of an increase in inflation. The primary cause for this change was lower and stable food and transportation prices, as the government […]
“April Payrolls Predicted to Plunge to 150k, Slowing Job Growth – TDS Reports!”
The next US official employment report is due on May 5th, and analysts at TD Securities have pointed out that data suggests a slowdown in payrolls to sub-200,000 levels for the first time since 2020. This comes as high-frequency data indicate that the pace of job creation is likely to take a step down in […]
“Breaking: BoK Halts Tightening Cycle in April – South Korea’s Economy Shifting, Says UOB”
Economist Ho Woei Chen at UOB Group recently reviewed the latest monetary policy meeting by the Bank of Korea (BoK). The key takeaways from the meeting provide some insights into the current state of the South Korean economy, as well as potential areas of focus for future policy. First, the Monetary Policy Board of BoK […]
“Bitcoin Outflows Skyrocket to $368M in Mid-April – BofA Strategists Reveal Unprecedented Surge!”
Bitcoin Outflows Reach New Highs as Investors Seek Safer Havens: A Comprehensive Analysis In the second week of April 2021, Bank of America (BofA) strategists reported that outflows from Bitcoin reached a staggering $368 million. This comes amidst increasing discussions surrounding the environmental impact of the digital currency’s mining process, and as investors seek out […]