Economics News Results

  • Retail Sales Seen Down 0.8% -- 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 Thursday 0830 Jobless Claims Sep 11 320 K 310 K 0830 Retail Sales Aug -0.8% -1.1%-- ex autos Aug +0.1% -0.4% 0830 Phila Fed Mfg Svy Sep 18.7 19.4 1000 Business Inventories Jul +0.5% +0.8% Friday 1000 Consumer Sentiment Sep 72.0 70.3** Aug Final Reading.

  • US Industrial Production Recovered to Pre-Pandemic Levels in August

    Industrial production in the U.S. rose in August, reaching pre-pandemic levels, although persistent supply constraints and shutdowns related to hurricane Ida weighed on activity in some sectors. Industrial production--which includes factory, mining and utility output--rose at a seasonally adjusted 0.4% in August compared with the previous month, according to data from the Federal Reserve released Wednesday. The reading broadly matches forecasts from economists...

  • Inflation Eases a Bit as Fed Officials Prepare for Monetary Policy Meeting

    Overall consumer prices in the U.S. rose 5.3% in August from a year earlier, a slightly slower pace than in June and July but still near a 13- year high, while for the lowest-paid Americans, real wages-- adjusted for rising prices-- fell 0.5% in August from a year earlier. It is a situation leaving some Americans just scraping by. Meanwhile, that 5.3% increase could be welcome news for the Federal Reserve because it means the recent inflation surge, which has resulted in price pressures well...

  • New York Factory Growth Picked Up Steam in September -- NY Fed

    Manufacturing activity in New York gained momentum in September compared with the previous month, according to a survey from the Federal Reserve Bank of New York released Wednesday. The Empire State Manufacturing Survey's general business conditions index increased to 34.3 in September from 18.3 in August, well above the 17.5 reading expected by economists polled by The Wall Street Journal. Any reading above zero suggests that the region's manufacturing sector is growing.

  • Inflation in Nigeria Slowed Again in August

    IBADAN, Nigeria--Annual inflation in Nigeria fell to 17.01% in August from 17.38% in July, the National Bureau of Statistics said in a report on Wednesday. The NBS report said food price inflation stood at 20.30% in August compared with 21.03% in the previous month. The rise in the food index was caused by increases in the prices of bread, cereals, milk, cheese, eggs, oils and fats, potatoes, yam and other tubers, meat, coffee, tea and cocoa, it said.

  • China's Economic Activity Cooled Further in August

    BEIJING--China's economic activity cooled further in August, as the coronavirus outbreaks and stringent control measures hurt consumer demand and factory production. Retail sales, a key gauge of China's consumption, grew 2.5% from a year earlier in August, down sharply from July's 8.5% growth, according to data released Wednesday by the National Bureau of Statistics. The result was also much lower than the 6.3% growth expected by economists polled by The Wall Street Journal.

  • China's New Home Price Growth Slowed in August

    BEIJING--China's new home price growth continued to slow in August, amid tighter measures to curb housing speculation and cooling home buyers' demands. Fewer cities reported a rise in prices, with prices of new homes rising in 46 out of 70 cities in August, down from 51 cities in July, according to data released by the National Bureau of Statistics Wednesday. Following the implementation of the long-term property market regulation, both on-month and on-year price increases in 70...

  • China Property Market Cools as Beijing Tightens Reins

    BEIJING--China's new construction starts contracted in the first eight months of the year, signaling a cooling property market as Beijing tightens measures to curb housing speculation and developers' financing sources. New construction starts measured by floor area dropped 3.2% in January to August, which compares with a 0.9% decline in the first seven months of the year, according to data released Wednesday by the National Bureau of Statistics. Real-estate investment...

  • Australian Consumers Turning Upbeat as Reopening Nears

    SYDNEY--Australian consumer sentiment is recovering as vaccination rates across the country climb, raising expectations that lockdowns in major cities will soon be lifted, spurring spending and boosting the economy in the final months of the year. The Westpac-Melbourne Institute index of consumer sentiment increased 2.0% to 106.2 in September from 104.1 in August. "The resilience of consumer sentiment in a period when Australia's two major cities have been locked down...

  • Retail Sales Seen Down 0.8% -- 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 NY Fed Empire St Svy Sep 17.5 18.3 0830 Import Prices Aug +0.2% +0.3% 0915 Industrial Production Aug +0.5% +0.9% 0915 Capacity Utilization Aug 76.4% 76.1% Thursday 0830 Jobless Claims Sep 11 320 K 310 K 0830 Retail Sales Aug -0.8% -1.1%-- ex autos Aug +0.1% -0.4%...

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