Economics News Results

  • Consumer Price Index Seen Up 0.4% -- 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 0600 Small Business Svy Aug 99.0 99.7 0830 Consumer Price Index M/M Aug +0.4% +0.5%-- ex food& energy M/M Aug +0.3% +0.3% 0830 Consumer Price Index Y/Y Aug +5.4% +5.4%-- ex food& energy Y/Y Aug +4.2% +4.3% Wednesday 0830 NY Fed Empire St Svy Sep 17.5 18.3 0830 Import Prices Aug +0.2% +0.3% 0915 Industrial Production Aug...

  • How Durable-Goods Prices Fit Into the Fed's Inflation Outlook

    Federal Reserve Chairman Jerome Powell has argued for a while that the rise in inflation is largely driven by temporary factors unique to the pandemic, and he has noted the sudden rise in durable goods prices as evidence that inflation is bound to fall back to the Fed's 2% goal. Whether those prices retreat is going to be a key part of how the Fed takes on the unexpectedly strong burst of inflation. In July, overall consumer prices rose 4.2% from a year earlier, according to the Commerce...

  • Turkey's July Current-Account Deficit Narrowed on Month

    Turkey's current-account deficit narrowed on month in July, the country's central bank said Monday. The current-account deficit for July stood at $683 million compared with a deficit of $1.13 billion for June, according to the data. The deficit narrowed by $1.3 billion from the same month a year earlier.

  • Consumer Price Index Seen Up 0.4% -- Data Week Ahead

    The following are forecasts for next week's U.S. data from a survey compiled by The Wall Street Journal. DATE TIME RELEASE PERIOD CONSENSUS PREVIOUS Monday 1400 Monthly Federal Budget Aug- $199 B- $200 B* Tuesday 0600 Small Business Svy Aug 99.0 99.7 0830 Consumer Price Index M/M Aug +0.4% +0.5%-- ex food& energy M/M Aug +0.3% +0.3% 0830 Consumer Price Index Y/Y Aug +5.4% +5.4%-- ex food& energy Y/Y Aug +4.2% +4.3% Wednesday 0830 NY Fed Empire St Svy Sep 17.2 18.3 0830 Import Prices Aug +0.3%...

  • China's New Yuan Loans in August Rose Slightly From Previous Month

    BEIJING--New loans issued by Chinese banks in August rose slightly from the previous month, but came lower than consensus views. The August reading was higher from a year earlier, indicating that the country's central bank is seeking to boost the economy, as recovery has lost steam in recent months. Chinese banks extended 1.22 trillion yuan in new yuan loans last month, up from CNY1.08 trillion in July, according to data released by the People's Bank of China on Friday.

  • Italian Industrial Production Increased in July, Beating Expectations

    Italy's industrial production rose in July for the second consecutive month, signaling that the country's industrial sector kept its momentum at the beginning of the third quarter. Italian factory output increased 0.8% in July compared with the previous month following an upwardly revised 1.1% rise in June, data from the country's statistics office Istat showed Friday. The reading beats expectations from economists, who had forecast factory output to decrease 0.1%,...

  • Spain's Industrial Production Fell in July

    Spain's industrial production fell in July for a second consecutive month, signaling that supply constraints are holding back factory output. Industrial output fell by 1.1% in July compared with the previous month in calendar and seasonally adjusted terms, following a 1.1% on-month fall in June. Production of both durable and nondurable consumer goods fell, by 0.7% and 0.4%, respectively, as did output of capital goods, which declined 0.6% compared with June.

  • German Consumer Prices Increased Further in August in Line With Forecasts -- Update

    German consumer prices rose strongly in August, confirming preliminary data, statistics office Destatis said Friday. Consumer prices rose 3.9% on year measured by national standards, in line with the forecast of economists polled by The Wall Street Journal. They rose 3.4% on year by European Union-harmonized standards, also in line with forecasts.

  • German Consumer Prices Increased Further in August, in Line With Forecasts

    German consumer prices rose strongly in August, confirming preliminary data, statistics office Destatis said Friday. Consumer prices rose 3.9% on year measured by national standards, in line with the forecast of economists polled by The Wall Street Journal. They rose 3.4% on year by European Union-harmonized standards, also in line with forecasts.

  • Canada's Trudeau on Defensive in English Election Debate

    OTTAWA--Canadian Prime Minister Justin Trudeau faced attacks Thursday night from political rivals during a leaders' debate, in which they accused the Liberal incumbent of falling short on the environment, foreign affairs and improving life for the country's indigenous population. "He has ambition, that's part of the reason we're in an election. He doesn't have any achievement, "said Conservative Party leader Erin O'Toole during a segment on climate change.

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