Economics News Results

  • China's Economic Activity Cooled Further in August

    BEIJING--China's economic activity cooled further in August, as the coronavirus outbreaks and stringent control measures hurt consumer demand and factory production. Retail sales, a key gauge of China's consumption, grew 2.5% from a year earlier in August, down sharply from July's 8.5% growth, according to data released Wednesday by the National Bureau of Statistics. The result was also much lower than the 6.3% growth expected by economists polled by The Wall Street Journal.

  • China's New Home Price Growth Slowed in August

    BEIJING--China's new home price growth continued to slow in August, amid tighter measures to curb housing speculation and cooling home buyers' demands. Fewer cities reported a rise in prices, with prices of new homes rising in 46 out of 70 cities in August, down from 51 cities in July, according to data released by the National Bureau of Statistics Wednesday. Following the implementation of the long-term property market regulation, both on-month and on-year price increases in 70...

  • China Property Market Cools as Beijing Tightens Reins

    BEIJING--China's new construction starts contracted in the first eight months of the year, signaling a cooling property market as Beijing tightens measures to curb housing speculation and developers' financing sources. New construction starts measured by floor area dropped 3.2% in January to August, which compares with a 0.9% decline in the first seven months of the year, according to data released Wednesday by the National Bureau of Statistics. Real-estate investment...

  • Australian Consumers Turning Upbeat as Reopening Nears

    SYDNEY--Australian consumer sentiment is recovering as vaccination rates across the country climb, raising expectations that lockdowns in major cities will soon be lifted, spurring spending and boosting the economy in the final months of the year. The Westpac-Melbourne Institute index of consumer sentiment increased 2.0% to 106.2 in September from 104.1 in August. "The resilience of consumer sentiment in a period when Australia's two major cities have been locked down...

  • Retail Sales Seen Down 0.8% -- Data Week Ahead

    The following are forecasts for this week's remaining U.S. data from a survey compiled by The Wall Street Journal. Forecasts were last updated Monday afternoon. DATE TIME RELEASE PERIOD CONSENSUS PREVIOUS Wednesday 0830 NY Fed Empire St Svy Sep 17.5 18.3 0830 Import Prices Aug +0.2% +0.3% 0915 Industrial Production Aug +0.5% +0.9% 0915 Capacity Utilization Aug 76.4% 76.1% Thursday 0830 Jobless Claims Sep 11 320 K 310 K 0830 Retail Sales Aug -0.8% -1.1%-- ex autos Aug +0.1% -0.4%...

  • U.S. CPI Rose 0.3% in August Vs. July, Up 5.3% Vs. Year Ago

    Consumer prices cooled in August, but still rose 5.3% from a year before as supplies and labor continued to drive up prices. Write to Gwynn Guilford at (END) Dow Jones Newswires 09-14-21 0849 ET Copyright (c) 2021 Dow Jones& Company, Inc..

  • Tanzanian Economy Grew 4.9% in 12 Months to End of July

    Tanzania's economy grew by 4.9% in the 12 months to July 31, spurred by construction, transport, agriculture, manufacturing and mining and quarrying activities, the country's central bank said Tuesday. The growth was lower than the 5.9% expansion recorded during the prior-year period, the bank said. "Performance of the external sector of the economy continued to face challenges caused by Covid-19, particularly tourism, however, export of gold improved to about $3 billion in the...

  • Inflation Expectations in U.S. Still Climbing; Dodd and Frank Urge Second Fed Chair Term for Powell

    The Federal Reserve Bank of New York said its August Survey of Consumer Expectations found Americans' expectations of future inflation hit a record high last month and are blasting through the Fed's 2% inflation target. Chris Dodd and former Rep. Barney Frank, the main sponsors of the 2010 financial-regulatory legislation bearing their names, are backing Jerome Powell for a second term at the helm of the Fed, in contrast to some liberal Democrats disappointed by measures to ease...

  • Confidence Among U.S. Small-Business Owners Increased Slightly in August -- NFIB

    Small-business owners in the U.S. were slightly more optimistic in August compared with the previous month but the short-term outlook darkened, according to a survey compiled by the National Federation of Independent Business released Tuesday. The NFIB Small Business Optimism Index increased to 100.1 in August from 99.7 in July, above the 99.0 level expected by economists polled by The Wall Street Journal. "As the economy moves into the fourth quarter, small business owners...

  • Australian Business Confidence, Conditions Edge Up in August

    SYDNEY--Australian business conditions and confidence edged higher in August despite a worsening outlook for the economy and little guidance at the time on when major cities like Sydney and Melbourne might remove mobility restrictions and reopen. National Australia Bank's monthly survey of firms showed business confidence rose 2 points to a net balance of -5 in August, while business conditions climbed 4 points to +14 points. Key Australian cities have been shuttered...

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