Economics News Results

  • GDP Growth Expected to Accelerate in 2Q -- Data Week Ahead

    The following are forecasts for this week's remaining U.S. data from a survey compiled by The Wall Street Journal. The FOMC announcement is scheduled for Wednesday at 2:00 p.m. ET, followed by a press conference with Fed Chairman Jerome Powell at 2:30 p.m. ET. DATE TIME RELEASE PERIOD CONSENSUS PREVIOUS Thursday 0830 Jobless Claims Jul 24 380 K 419 K 0830 Real GDP 2 Q +8.4% +6.4%* 0830 GDP Prices 2 Q +5.4% +4.3%* 1000 Pending Home Sales Jun +0.5% +8.0% Friday 0830 Personal Income Jun...

  • German Consumer Confidence Set to Stagnate in August

    German consumer sentiment is expected to remain unchanged from the previous month in August, according to data from the market-research group GfK released Wednesday. GfK's forward-looking consumer sentiment index is set to stay at minus 0.3 points in August, unchanged from July, when it reached the highest level since August 2020. Economists polled by The Wall Street Journal had expected consumer sentiment to rise to 0.5. "The phase where the decrease of COVID-19 incidence of...

  • Australian Inflation Spiked in 2Q, But Jump Is Likely to Be Temporary

    SYDNEY--Australian consumer prices rose 0.8% in the second quarter, fanned by rising fuel costs, the Australian Bureau of Statistics said Wednesday. Annual inflation increased to 3.8% in the second quarter, up sharply from the 1.1% rise marked in the first quarter and largely in line with the result expected by economists. Automotive fuel prices climbed 6.5% in the second quarter, while medical and hospital services increased 2.4% due to an annual increase in private health...

  • UK Retail Prices Fell at Faster Pace in July

    U.K. retail prices fell more sharply in the first week of July due to fierce competition between supermarkets and a steeper drop in nonfood prices, according to the latest report by Nielsen IQ and the British Retail Consortium released Wednesday. Prices at U.K. stores dropped 1.2% year-on-year between July 1 and July 7, compared with a decline of 0.7% in June, the report found. Nonfood prices declined faster than food prices, falling 1.8% on the year, compared with a 1.0% decrease in...

  • U.S. Mid-Atlantic Manufacturing Activity Strengthens in July -- Richmond Fed

    Manufacturing activity across the central Atlantic region of the U.S. gained further steam in July, data from a survey from the Federal Reserve Bank of Richmond showed Tuesday. The Fifth District Survey of Manufacturing Activity's composite index came in at 27 in July, up from 26 in June. The reading beats the forecasts from economists polled by The Wall Street Journal, who expected the indicator to stand at 21.5.

  • U.S. Consumer Confidence Leveled Off in July -- The Conference Board

    Consumer confidence in the U.S. was broadly stable in July following five months of gains amid the spread of the Covid-19 Delta variant and rising inflation. The consumer confidence index increased slightly to 129.1 in July from an upwardly revised 128.9 in June, data from The Conference Board showed Tuesday. The reading beat economists consensus, who polled by The Wall Street Journal expected the indicator to decrease to 124.0.

  • GDP Growth Expected to Accelerate in 2Q -- Data Week Ahead

    The following are forecasts for this week's remaining U.S. data from a survey compiled by The Wall Street Journal. The FOMC announcement is scheduled for Wednesday at 2:00 p.m. ET, followed by a press conference with Fed Chairman Jerome Powell at 2:30 p.m. ET. DATE TIME RELEASE PERIOD CONSENSUS PREVIOUS Thursday 0830 Jobless Claims Jul 24 380 K 419 K 0830 Real GDP 2 Q +8.4% +6.4%* 0830 GDP Prices 2 Q +5.4% +4.3%* 1000 Pending Home Sales Jun +0.5% +8.0% Friday 0830 Personal Income Jun...

  • Brazil Current Account Surplus Narrowed in June to $2.8 Billion

    SÃO PAULO--Brazil recorded a current account surplus of $2.8 billion in June, down from a surplus of $3.8 billion in May, the country's central bank said Tuesday. The 12- month current account deficit reached $19.6 billion in June, from a revised $19.4 billion the month before, the bank said. The 12- month current account deficit was equal to 1.27% of gross domestic product, the same level as in the previous month.

  • Durable Goods Advance in June as U.S. Economy Continues to Grow

    Orders for cars, appliances and other durable goods increased in June, signaling continued strength in the U.S. economy as manufacturers continue to deal with shortages in parts and labor and confront higher material costs. New orders for products meant to last at least three years increased 0.8% to a seasonally adjusted $257.6 billion in June as compared with May, the Commerce Department said Tuesday. Economists surveyed by The Wall Street Journal had estimated a 2% gain.

  • GDP Growth Expected to Accelerate in 2Q -- Data Week Ahead Update

    The following are forecasts for this week's remaining U.S. data from a survey compiled by The Wall Street Journal. The FOMC announcement is scheduled for Wednesday at 2:00 p.m. ET, followed by a press conference with Fed Chairman Jerome Powell at 2:30 p.m. ET. DATE TIME RELEASE PERIOD CONSENSUS PREVIOUS Tuesday 0830 Durable Goods Orders Jun +2.0% +2.3% 0900 S&P/Case-Shiller May +16.4% +14.9% 20- City HPI Y/Y 1000 Consumer Confidence Jul 124.0 127.3 1000 Richmond Fed Mfg Svy...

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