Consumer Confidence News
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South African retail-sales growth slowed in March from a year earlier as inflation remained close to the top of the central bank’s target and a 25 percent jobless rate hurt consumer spending.
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Prime Minister Shinzo Abe’s stimulus probably helped the Japanese economy grow the most in a year, adding to pressure on 2013’s worst-performing bond market.
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Australian Prime Minister Julia Gillard’s government announced plans to upgrade infrastructure as it boosts health and education spending, in a budget seeking to woo back voters while restoring economic credibility four months before an election.
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Italian industrial production fell more than economists expected in March, indicating there is little sign the country’s longest recession in two decades is easing.
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South African manufacturing output unexpectedly fell 2.2 percent in March as weak domestic and global growth curbed demand.
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The Polish central bank’s unexpected cut in interest rates is prompting investors to anticipate more reductions, brushing aside Governor Marek Belka’s efforts to temper speculation for further easing.
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Tim Hortons Inc., Canada’s largest coffee and doughnuts chain, fell the most in almost three months after a slowing economy prompted sales at its Canadian stores to drop for the first time since the company went public.
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China Mengniu Dairy Co., the country’s largest dairy producer, agreed to buy 26.9 percent of China Modern Dairy Holdings Ltd. for HK$3.18 billion ($409 million) to gain greater control of milk supplies amid food safety concerns in the country.
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Symrise AG, the fourth-biggest maker of flavors and fragrances, forecast a “favorable” development in consumer confidence in 2013 as it reiterated plans to grow faster than competitors on average. The stock rose the most in almost a year.
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German factory orders unexpectedly jumped for a second month in March, suggesting Europe’s largest economy is starting to grow again.
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Bloomberg Consumer Comfort Index
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The Bloomberg Consumer Comfort Index measures Americans' perceptions on three important variables: the state of the economy, personal finances and whether it's a good time to buy needed goods or services. A new index reading is generated every week, making it a timely sentiment gauge.
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