Economics News Results

  • Belgium Consumer Confidence Picks Up in November

    Belgium consumer confidence improved in November, despite tighter coronavirus restrictions, the National Bank of Belgium said Friday. The consumer-confidence index rose to minus 15 in November from minus 17 in October, the central bank said. "The recent measures tightening up the lockdown, which came into force on Nov. 2, initially had a dampening effect on the morale of households, before gradually subsiding over the survey period," it said.

  • UK Retail Sales Increase in October Despite Spike in Covid-19 Infections

    Retail sales in the U.K. rose in October for the sixth consecutive month despite a surge in coronavirus cases across the country, data from the Office for National Statistics showed Friday. Sales volumes increased 1.2% in October compared with the previous month, taking the overall level of sales 6.7% above February's pre-pandemic levels. The reading beats expectations from economists polled by The Wall Street Journal, who were expecting sales to decline by 0.4%.

  • UK Consumer Confidence Falls in November as Britons' Finances Worsen

    Consumer confidence in the U.K. decreased for the second consecutive month in November, driven by a sharp deterioration of Britons' outlook for their personal finances amid a second lockdown to contain the spread of Covid-19. A measure of consumer confidence compiled by German market research firm GfK fell to minus 33 in November, compared with the minus 31 registered the prior month, data published Friday showed. The reading is in line with expectations from economists polled...

  • U.S. Home Sales Rose to 14-Year High in October -- 2nd Update

    U.S. home sales rose to a 14- year high last month, a rare bright spot for the economy as ultra low borrowing costs and the sudden shift in living preferences during the pandemic power the market. October's gains marked the fifth straight monthly increase and one of the best stretches for the housing market in several years. While home sales showed some signs of life before the coronavirus outbreak, they are running much hotter now.

  • Two Fed Officials Voice Concern on Economy as Virus Cases Surge -- Update

    Two Federal Reserve officials at the heart of central bank decision making this year sent warnings Thursday about what lies ahead for the economy as coronavirus cases spiral higher. Loretta Mester of the Cleveland Fed and Robert Kaplan of the Dallas Fed both expressed worry about the economy in separate Bloomberg Television interviews, but were reticent to detail what more the Fed could do to help. Both regional Fed bank presidents hold voting roles on the...

  • Manufacturing Activity in Central U.S. Slightly Eases in November -- Kansas City Fed

    The expansion pace of manufacturing activity in the central part of the U.S. slowed in November compared to that of the previous month, data from a monthly survey from the Federal Reserve Bank of Kansas City showed Thursday. The Tenth District Manufacturing Survey's composite index came in at 11 in November, down from October's 13 level. Economists polled by FactSet expected the indicator to climb to 14.5.

  • U.S. Leading Economic Index Rises in October

    An economic index that measures U.S. business cycles increased in October for the sixth straight month at the same growth rate as it did in September, data from the Conference Board showed Thursday. The Leading Economic index stood at 108.2 in October, up 0.7% compared with September. The rise matches expectations from economists polled by The Wall Street Journal.

  • Home Sales Rise to 14-Year High in October

    Sales of previously owned homes rose to a new 14- year high in October while median home prices again hit new highs. Existing-home sales rose 4.3% in October from September to a seasonally adjusted annual rate of 6.85 million, the highest level since February 2006, the National Association of Realtors said Thursday. The October sales marked a 26.6% increase from a year earlier.

  • Manufacturing Activity in Philly Fed's District Slows in November

    Manufacturing activity in the Philadelphia area eased its expansion pace in November compared with the prior month, data from a report released by the Federal Reserve Bank of Philadelphia showed Thursday. The diffusion index for current general activity stood at 26.3 in November, down from 32.3 in October. The indicator beats economists' forecasts in a The Wall Street Journal poll, which expected it to come in at 22.0.

  • U.S. Jobless Claims +31K to 742K In Nov. 14 Week; Survey 710K

    Jobless claims rose to 742,000 last week, the first increase since early October as a surge in virus cases keeps a check on the U.S. economic recovery. Write to Gwynn Guilford at The number of applications for unemployment benefits rose sharply last week, indicating continued challenges for the U.S. economic recovery as coronavirus infections increased around the country.

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