Economics News Results

  • U.S. Consumer Confidence Drops Further in November Amid Rise in Covid-19 Cases

    Consumer confidence in the U.S. declined for the second consecutive month in November amid a continued surge in Covid- 19 infections across the country, according to data from The Conference Board released Tuesday. The consumer confidence index decreased to 96.1 in November from an upwardly revised 101.4 in October. Economists polled by The Wall Street Journal expected consumer sentiment to slip to 98.0.

  • GDP Seen Steady, New Home Sales Expected to Rise -- 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 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% +0.9% 1000 Consumer Spending Oct +0.3% +1.4% 1000 Core PCE Prices M/M Oct +0.0% +0.2% 1000 Core...

  • U.S. Home-Price Growth Accelerated in September -- Case-Shiller

    Home-price growth accelerated in September, as a widespread shortage of homes for sale spurred competition among home buyers. The S&P CoreLogic Case-Shiller National Home Price Index, which measures average home prices in major metropolitan areas across the nation, rose 7% in the year that ended in September, up from a 5.8% annual rate the prior month. September marked the highest annual growth rate since May 2014..

  • Statistics Canada Estimates 0.6% Rise in Factory Sales in October

    OTTAWA--Statistics Canada said Tuesday it anticipates that manufacturing sales climbed 0.6% in October, marking another deceleration in the factory sector's recovery from a virus-induced plunge. The data agency said the estimate is based on strong sales of petroleum and coal products, paper, primary metals and wood products industries. The advance reading was based on a response rate of almost 60% to the survey.

  • 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.

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