Economics News Results

  • German Producer Prices Rise at Fastest Pace in More Than 45 Years

    The index of producer prices for industrial products in Germany rose 12.0% in August compared with the prior year, the German statistics office Destatis said Monday. This was the highest year-on-year increase since December 1974, when prices rose strongly during the first oil crisis, Destatis said. "Monday's figures suggest that the German industrial sector is continuing to feel the rippling effects of the global supply chain crisis," said Thomas Rinn, Accenture's global...

  • Preview -- Barron's

    Lennar (LEN) reports third-quarter fiscal-2021 results. Merck (MRK) presents data on its portfolio of cancer drugs, in conjunction with the European Society for Medical Oncology's 2021 Congress. The National Association of Home Builders releases its Housing Market Index for September.

  • Housing Starts, Existing Home Sales on Tap -- 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 Housing Mkt Index Sep 75 75 Tuesday 0830 Housing Starts Aug 1.55 M 1.534 M-- percent change Aug +1.0% -7.0% 0830 Building Permits Aug 1.62 M 1.635 M-- percent change Aug -0.9% +2.6%...

  • U.S. Consumer Sentiment Stalled in Early September -- University of Michigan

    Sentiment among U.S. consumers remained broadly unchanged in early September, staying at subdued levels after August's big drop triggered by the increase in Covid-19 cases due to the spread of the Delta variant. The preliminary estimate of the index of consumer sentiment released Friday by the University of Michigan was 71.0 in September, slightly up from 70.3 in August and below the 72.0 consensus forecast from economists polled by The Wall Street Journal.

  • Fed Looks at Tightening Rules Regarding Financial Activities of Its Officials; U.S. Economy Resilient Despite Delta Surge

    Last week's news that the presidents of two regional Federal Reserve banks actively traded in financial markets has prompted the Fed to review its rules regarding the financial activities of its officials. "This review will assist in identifying ways to further tighten those rules and standards," a Fed spokesperson said, adding the central bank "will make changes, as appropriate, and any changes will be added to the Reserve Bank Code of Conduct." Meanwhile, government data on...

  • Consumer Sentiment 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 Friday 1000 Consumer Sentiment Sep 72.0 70.3** Aug Final Reading.

  • Manufacturing Activity in Philly Fed's District Accelerated in September

    Growth of manufacturing activity in the Philadelphia area gathered pace in September after several months slowing down, according to a survey released Thursday by the Federal Reserve Bank of Philadelphia. The index for current general activity climbed to 30.7 in September from 19.4 in August, above the 18.7 expected from economists' polled by The Wall Street Journal. The survey polls manufacturers in the Third Federal Reserve District--which covers eastern Pennsylvania,...

  • U.S. Jobless Claims +20K to 332K in Sept. 11 Week; Survey 320K

    Jobless claims rose slightly last week but remained near a pandemic low, as layoffs stabilize amid an economic slowdown tied to rising coronavirus cases. Initial unemployment claims rose to 332,000 last week from a pandemic low of 312,000 a week earlier, the Labor Department reported Thursday. The four-week moving average for claims, which smooths out weekly volatility, fell to 335,750, the lowest level since March 2020..

  • Retail Sales Rose 0.7% in August

    U.S. retail sales rose 0.7% in August, a sign the economic recovery has resilience despite the Delta variant. Write to Josh Mitchell at joshua.mitchell@wsj.com. (END) Dow Jones Newswires 09-16-21 0852 ET Copyright (c) 2021 Dow Jones& Company, Inc..

  • New Zealand Economy Accelerated in 2Q But Now Faces Lockdown Setback -- Update

    WELLINGTON, New Zealand--New Zealand's economy accelerated in the second quarter, but faces a setback from a Covid-19 outbreak that has shuttered the country's largest city. The economy grew 2.8% from the first quarter after a revised 1.4% increase in January-March, underpinned by higher government spending, record low interest rates and fast-rising house prices. The median forecast in a Wall Street Journal survey was for growth of 1.1% percent.

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