Economics News Results

  • Belgian Business Sentiment Drops in November

    Belgian business sentiment declined in November, after rising for six consecutive months in its recovery from the coronavirus in the spring, data from the National Bank of Belgium showed Tuesday. Business confidence in Belgium fell to minus 12.1 in November from minus 8.5 in October. This compares with a forecast of minus 16.0 by economists polled by The Wall Street Journal.

  • Mexico Inflation Slows Sharply in Early November

    MEXICO CITY--Mexican inflation fell back toward the central bank's target in early November as lower produce prices and discounts related to an annual shopping promotional event largely offset a seasonal jump in electricity rates. The consumer price index rose 0.04% in the first two weeks of the month from the end of October, the National Statistics Institute said Tuesday. It was the smallest increase on record for the period and pushed the 12- month inflation rate down to...

  • Brazil 12-Month Inflation Accelerates to 4.22% Through Mid-Nov

    SÃO PAULO--Brazil's annual inflation rate accelerated through mid-November as the prices of meat, rice and other household essentials climbed, raising pressure on the country's poor. Consumer prices rose 4.22% in the 12 months through mid-November, after rising 3.52% in the 12 months through mid- October, Brazil's Institute of Geography and Statistics, or IBGE, said Tuesday. The annual rate rose even as consumer prices increased at a slower pace than the previous month, rising...

  • Yellen Will Confront a Cooling Economic Recovery, Uncertain Stimulus Prospects

    WASHINGTON-- Janet Yellen, President-elect Joe Biden's nominee to be Treasury secretary, will confront an economic recovery that appears to be losing momentum and uncertain prospects for additional stimulus from Congress. If confirmed by the Senate, Ms. Yellen would play a key role pushing for more aid for an economy battered by the coronavirus pandemic and related shutdowns, especially if Congress is unable to reach an agreement on a relief package before Mr.

  • Germany's Ifo Index Falls as Second Lockdown Takes Toll on Business Sentiment

    German business sentiment fell in November for the second consecutive month, the Ifo Institute said Tuesday. The Ifo business-climate index came in at 90.7 points in November, compared with a downwardly revised 92.5 points in October. Economists surveyed by The Wall Street Journal had forecast it at 90.6 points.

  • French Manufacturing Sector Sentiment Declined in November

    Sentiment in the French manufacturing sector fell in November amid lockdown restrictions. Figures from the French national statistics agency's monthly survey on Tuesday showed manufacturing sentiment fell to 92 in November compared with a revised figure of 94 for October. The reading is in line with economists' consensus forecast of 92 in a survey conducted by The Wall Street Journal.

  • German 3Q GDP Rebound Revised Up in Second Estimate

    The German economy posted a record expansion in output in the third quarter, even larger than reported in the first release, the German statistics office Destatis said Tuesday. The country's gross domestic product grew 8.5% compared with the previous quarter, according to Destatis. This is above the preliminary estimate of 8.2% growth.

  • GDP Seen Steady, New Home Sales Expected to Rise -- 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. DATE TIME RELEASE PERIOD CONSENSUS PREVIOUS Tuesday 0900 S&P/Case-Shiller 20- City Sep +5.6% +5.2% HPI Y/Y 1000 Consumer Confidence Nov 98.0 100.9 1000 Richmond Fed Mfg Svy Nov N/A 29 Wednesday 0830 Jobless Claims Nov 21 733 K 742 K 0830 Durable Goods Orders Oct +0.6% +1.9% 0830 Real GDP 3 Q +33.1% +33.1%* 0830 GDP Prices 3 Q +3.6% +3.6%* 1000 Personal Income Oct -0.1%...

  • Correction to Covid-19 Vaccine Could Unleash Pent-Up Demand, Inflation Article on Nov. 22

    Ellen Zentner is chief U.S. economist at Morgan Stanley. "A Covid-19 Vaccine Could Unleash Pent-Up Demand, Bringing Along Inflation" at 10:14 a.m. ET on Nov. 22 incorrectly said her title was economist. (END) Dow Jones Newswires 11-23-20 1122 ET Copyright (c) 2020 Dow Jones& Company, Inc..

  • U.S. Business Activity Accelerates in November Despite Virus Resurgence -- IHS Markit

    Business activity in the U.S. accelerated in November to a more than five-year high despite the surge in coronavirus infections and tightening restrictions, preliminary data from IHS Markit showed Monday. The flash reading for the U.S. Composite Output Index was 57.9 in November, up from the 56.3 registered in October.

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