Economics News Results

  • Texas Factory Output Held Up at Strong Levels in July -- Dallas Fed

    Texas manufacturing production kept strong momentum in July compared with the previous month, data from the Federal Reserve Bank of Dallas showed Monday. The production index of the Texas Manufacturing Outlook Survey, a key measure of state manufacturing conditions, increased to 31.0 in July from 29.4 in June. The reading is well above average and suggests strong output growth, the Dallas Fed said.

  • U.S. New Home Sales Unexpectedly Fell in June

    Purchases of new single-family houses in the U.S. fell in June for the third consecutive month amid low inventories and high prices. Here are the main takeaways from the Commerce Department's report released Monday:. --New home sales decreased 6.6% in June compared with May to a seasonally adjusted annual rate of 676,000. This is the lowest reading since April 2020..

  • Belgium Business Confidence Reaches Record High in July

    Business sentiment in Belgium increased in July for the eighth consecutive month, reaching a record high amid the easing of Covid-19 restrictions. Business confidence rose to 10.1 in July from 9.8 in June, data from the National Bank of Belgium showed Monday. The reading, which is the highest since the indicator in its current composition was introduced in 1980, is slightly below the forecast of 10.3 from economists polled by the Wall Street Journal.

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

    The following are forecasts for next week's 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 Monday 1000 New Home Sales Jun 795 K 769 K-- percent change Jun +3.4% -5.9% 1030 Dallas Fed Mfg Svy Jul 31.6 31.1 Tuesday 0830 Durable Goods Orders Jun +2.0% +2.3% 0900 S&P/Case-Shiller May...

  • U.S. Economic Growth Moderated in July -- IHS Markit

    Private sector business activity in the U.S. lost some momentum in July as the services sector cooled amid labor and supply shortages. The flash reading for the U.S. Composite Output Index fell to 59.7 in July from 63.7 in June, preliminary data from IHS Markit showed Friday.

  • Manufacturing Activity in Central U.S. Held Up at Strong Levels in July -- Kansas City Fed

    Factory activity in the central part of the U.S. expanded in July at a slightly faster pace compared with June, data from a survey from the Federal Reserve Bank of Kansas City showed Thursday. The Tenth District Manufacturing Survey's composite index increased to 30 in July from 27 in June. Economists polled by The Wall Street Journal expected the index to come in at 25..

  • U.S. Leading Economic Index Grew at a Slower Pace in June -- The Conference Board

    An economic index that measures U.S. business cycles continued to rise in June, although it signaled that economic growth eased compared with the previous month, data from The Conference Board showed Thursday. The Leading Economic index was 115.1 in June, up 0.7% compared with May. The rise is broadly in line with expectations from economists polled by The Wall Street Journal, who expected a 0.8% increase.

  • U.S. Existing Home Sales Rose 1.4% in June, Median Existing Home Price Rose to $363,300

    The median home price rose to a new high of $363,300 in June as strong demand pushed home sales higher.

  • Markit Flash Manufacturing PMI on Tap -- 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 Friday 0945 Markit Flash Mfg PMI Jul 61.8 62.1* 0945 Markit Flash Services PMI Jul 64.2 64.6** June Final Reading.

  • South African Reserve Bank Keeps Main Interest Rate at 3.5%

    JOHANNESBURG--The South African Reserve Bank on Thursday held its main interest rate unchanged at 3.5%, but warned that recent riots in the country could have lasting effects on job creation and investor confidence. More than 270 people died in the violence and looting last week that followed the arrest of South Africa's former President Jacob Zuma. Prior to the unrest, the bank had planned to raise its forecast for gross domestic product growth for this year, thanks to a...

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