Sectors News Results

  • U.S. Housing Starts Fell in July

    Construction of new homes in the U.S. fell in July following two consecutive increases, according to data from the Commerce Department released Wednesday. Here are the main takeaways from the report:. --Housing starts, a measure of U.S. homebuilding, fell 7.0% in July compared with June, to a seasonally adjusted annual rate of 1.534 million.

  • Housing Starts Seen Down in July -- 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 Housing Starts Jul 1.59 M 1.643 M-- percent change Jul -3.2% +6.3% 0830 Building Permits Jul 1.61 M 1.598 M-- percent change Jul +0.8% -5.1% Thursday 0830 Jobless Claims Aug 14 365 K 375 K 0830 Phila Fed Mfg Svy Aug 22.0 21.9 1000 Leading Index Jul +0.7% +0.7%.

  • Retail Sales Seen Down 0.3% in July -- 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 0830 Retail Sales Jul -0.3% +0.6%-- ex autos Jul +0.2% +1.3% 0915 Industrial Production Jul +0.5% +0.4% 0915 Capacity Utilization Jul 75.7% 75.4% 1000 Business Inventories Jun +0.8% +0.5% 1000 Housing Mkt Index Aug 79 80 Wednesday 0830 Housing Starts Jul 1.59 M 1.643 M-- percent change Jul -3.2% +6.3% 0830 Building...

  • Nigerian President Signs Petroleum Industry Bill Into Law

    IBADAN, Nigeria-Nigerian President Muhammadu Buhari on Monday signed into law the Petroleum Industry Bill, designed to reform the country's oil-and-gas industry, according to an official statement. The bill provides for setting up a Nigerian Upstream Regulatory Commission and a Nigerian Midstream and Downstream Petroleum Regulatory Authority. The Nigerian National Petroleum Corporation is to be fully commercialized into a limited company.

  • Retail Sales Seen Down 0.2% in July -- 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 0830 NY Fed Empire St Svy Aug 29.0 43.0 Tuesday 0830 Retail Sales Jul -0.2% +0.6%-- ex autos Jul +0.2% +1.3% 0915 Industrial Production Jul +0.5% +0.4% 0915 Capacity Utilization Jul 75.7% 75.4% 1000 Business Inventories Jun +0.7% +0.5% 1000 Housing Mkt Index Aug 80 80 Wednesday 0830 Housing Starts Jul 1.60 M 1.643 M-- percent...

  • U.S. Services Sector Activity Accelerates in July to New All-Time High -- ISM

    Activity in the U.S. services sector accelerated in July from the previous month, hitting a new record high, amid an increase in demand and widespread supply-related problems. The ISM Services Report on Business PMI increased to 64.1 in July from 60.1 in June, data from a survey compiled by the Institute for Supply Management showed Wednesday. Economists polled by The Wall Street Journal forecast the PMI to come in at 60.5.

  • U.S. Service Sector Growth Moderated in July -- IHS Markit

    Activity in the U.S. services sector cooled in July compared with the previous months as the growth in new business softened, according to data from IHS Markit released Wednesday. Services Purchasing Managers' Index for July stood at 59.9, down from 64.6 in June and virtually higher than the flash estimate of 59.8. Economists polled by The Wall Street Journal expected the final services PMI to come in at 59.8.

  • China's Tech Regulator Urges Internet Companies to Step Up Risk Assessment

    China's Ministry of Industry and Information Technology, the country's main technology sector regulator, urged internet companies to step up risk assessment and management of exporting essential data at a meeting on Wednesday, according to a notice on the ministry's website on Friday. Authorized by the ministry, the Internet Society of China, a state-backed industry group, convened a study session on implementing China's Data Security Law, with representatives from 12...

  • Singapore Manufacturers Expect Favorable Business Situation in Second Half

    SINGAPORE--Business sentiment in Singapore's manufacturing sector remains positive for the July-to-December period despite the Covid-19 situation and pressure on supply chains, the Singapore Economic Development Board said Friday. Overall, a net weighted 20% of manufacturers anticipate a favorable business situation for the period, the EDB said. A weighted 26% of manufacturers expect better business conditions, while a weighted 6% foresee a weaker business outlook.

  • U.S. Housing Starts Rose in June Amid Tight Inventories and Rising Costs

    Construction of new homes in the U.S. increased in June for the second consecutive month amid rising material and labor costs, according to data from the Commerce Department released Tuesday. Here are the main takeaways from the report:. --Housing starts, a measure of U.S. homebuilding, rose 6.3% in June compared with May, to a seasonally adjusted annual rate of 1.643 million.

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