Economics News Results

  • Euro zone economy surges in Q3 before expected blow from new lockdowns

    The euro zone economy rebounded much more than expected in the third quarter from its coronavirus-induced slump, but the recovery is likely to be cut short as countries reintroduce restrictions to stem a second wave of the pandemic.

  • Mexican Economy Rebounds in Third Quarter

    MEXICO CITY--Mexico's economy picked up sharply in the third quarter, led by a rebound in industrial production as businesses reopened from shutdowns to slow the spread of the coronavirus. Gross domestic product, a measure of the country's output in goods and services, expanded 12% in seasonally adjusted terms from the second quarter, the National Statistics Institute said Friday. Industrial production was up 22%, outpacing services which increased 8.6%.

  • U.S. Personal Income +0.9% in Sept; Consensus +0.5%

    U.S. households increased spending 1.4% in September for the fifth straight month as remaining pandemic aid helped boost incomes by 0.9%. U.S. households increased spending 1.4% in September for the fifth straight month as higher pay and remaining pandemic aid helped boost incomes by 0.9%. The Commerce Department said personal consumption expenditures--a measure of household spending on goods and services-- rose in September.

  • Lifted by U.S., Mexico economy rebounds 12% in Q3 from coronavirus

    Mexico's economy grew 12.0% during the third quarter, largely as expected, making up for much of the record contraction over the previous three months at the height of the coronavirus lockdown, preliminary data showed on Friday.

  • U.S. labor costs rise moderately in third quarter

    U.S. labor costs increased moderately in the third quarter, suggesting inflation could stay muted for a while and allow the Federal Reserve to keep interest rates near zero as the economy gradually recovers from the COVID-19-induced recession. The Employment Cost Index, the broadest measure of labor costs, rose 0.5% last quarter after advancing by the same margin in the second quarter.

  • Brazil national debt rises to record 90.6% of GDP in Sept - central bank

    Brazil's national debt rose to a record 90.6% of gross domestic product in September and the public sector primary deficit in the 12 months to September widened to 9.1% of GDP, the central bank said on Friday.

  • Canada August GDP up 1.2% in fourth consecutive monthly gain

    The Canadian economy grew by 1.2% in August as businesses across the country continued to reopen from coronavirus shutdowns, Statistics Canada said on Friday, with growth seen rising at a slower 0.7% month-on-month pace in September. The goods-producing sector posted a 0.5% increase in August, while the service-producing sector grew by 1.5%.

  • Brazil unemployment jumps to record high 14.4%

    Brazil's unemployment rate rose to a record high 14.4% in the three months to August, official figures showed on Friday, as the easing of COVID-19 social distancing and lockdown measures encouraged people to look for work again. That was up from 13.8% in the three months to July, and higher than the 14.2% economists had expected.

  • Euro zone fourth quarter GDP data will disappoint: ECB's de Guindos

    Euro zone economic growth in the final three months of the year will disappoint expectations as an increasing number of governments impose strict lockdown measures, European Central Bank Vice President Luis de Guindos said on Friday.

  • Brazil Jobless Rate Rises to 14.4% in 3-Month Period Through Aug

    SÃO PAULO--Brazil's unemployment rate rose in the three months through August as more people sought work after losing their jobs amid the coronavirus pandemic. The jobless rate reached 14.4% in the three months through August, from 13.8% in the three months through July and 11.8% in the year-earlier period, the Brazilian Institute of Geography and Statistics, or IBGE, said Friday. The number of unemployed people jumped in the early months of the health crisis as businesses...

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