Economics News Results

  • China Economic Indicators Sustain Momentum in March

    BEIJING--China's major economic indicators continued to show robust growth momentum in March, according to official data Friday, helping the world's second-largest economy report its fastest year-on-year growth on record in the first quarter. Industrial production, investment and consumer spending all posted double-digit percentage growth in March, though the growth rates were generally lower than those during the January-February period, which were measured...

  • Chinese Economy Grows More Than 18% in First Quarter

    BEIJING--China's economy surged 18.3% in the first quarter from a year earlier, a record rate of growth that was flattered by the coronavirus-induced trough at the start of 2020, but that also reflects continued momentum in the world's second-largest economy. The rate of gross domestic product growth in the first three months of 2021 was sharply higher than the 6.5% year- over-year growth recorded in the final quarter of 2020, though it fell short of the 19.2% growth expected...

  • China New Homes Prices Grew Moderately in March

    BEIJING--China's new home prices grew moderately in March as government measures to cool the property market and tightening capital flows had some impact. Average new home prices rose 4.36% in March from a year earlier, the National Bureau of Statistics said Friday, following a 4.06% rise in February. On a month-over-month basis, average new home prices rose 0.41% in March, compared with a 0.36% increase in February.

  • Singapore's Non-Oil Domestic Exports Rose 12.1% in March

    SINGAPORE--Singapore's non-oil domestic exports rose 12.1% in March from a year earlier, mainly due to shipments of non-electronics such as petrochemicals, specialized machinery and pharmaceuticals. The result beat the median estimate for a 0.7% decline in a survey of 11 economists by The Wall Street Journal. Non- oil domestic exports rose 4.2% on year in February.

  • Jobs Creep Back in the New York Region as Covid-19 Restrictions Ease

    New York, New Jersey and Connecticut are slowly recovering jobs lost due to the Covid-19 pandemic, but unemployment remains elevated in the region compared with nationwide. New York added 61,200 jobs in March, a 0.8% increase from the prior month, according to the state Department of Labor. The job growth represents a modest acceleration from prior months, and indicates that hard-hit industries may be starting to recover as state officials relax public-health restrictions on...

  • U.S. Economy Ramps Up on Spending Surge, Hiring Gains -- Update

    The U.S. economic recovery is accelerating as stimulus money, Covid-19 vaccinations and business re-openings spur a spring surge in consumer spending, a sharp pullback in layoffs and a bounceback in factory output. Retail sales-- a measure of purchases at stores, at restaurants and online-- jumped 9.8% in March, the Commerce Department reported Thursday. The gain in consumer spending-- the biggest driver of economic activity-- came as the government began distributing hundreds of...

  • Canada Housing Sales Set Fresh Record in March -- Update

    OTTAWA--Canada's sizzling housing market shows no signs of slowing down as sales in March set a fresh record by a significant margin. The strength in housing is prompting warnings from the Bank of Canada, while some senior economists believe the extraordinary monetary policy launched since the start of the pandemic might now be inappropriate. Data released Thursday from the Canadian Real Estate Association indicated home sales across Canada climbed 5.2% in March.

  • U.S. Home-Builder Confidence Increases Slightly in April -- NAHB

    Home-builder confidence in the U.S. rose in April even as builders continued to grapple with rising lumber prices and supply chain issues and consumers faced higher home prices due to a lack of inventory, according to a measure released Thursday from the National Association of Home Builders. Here are the report's main takeaways:. --The association's housing market index, which gauges the single-family housing market, increased to 83 in April, up one point from 82 in March.

  • Housing Starts and Building Permits Seen Up -- 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 0830 Housing Starts Mar 1.62 M 1.421 M-- percent change Mar +14.0% -10.3% 0830 Building Permits Mar 1.75 M 1.682 M-- percent change Mar +4.0% -10.8% 1000 Consumer Sentiment Apr 89.0 84.9** March Final Reading.

  • Jobless Claims Fell to a New Pandemic Low Last Week -- 2nd Update

    Unemployment claims declined to the lowest level since the coronavirus pandemic struck last spring, adding to signs the U.S. economic revival is picking up speed. Jobless claims, a proxy for layoffs, fell to 576,000 last week from 769,000 a week earlier. That is the lowest weekly figure since March 2020. Claims remain higher than the pre-pandemic levels of around 220,000, but economists expect they will continue to drop as the recovery accelerates.

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