Economics News Results

  • India's Trade Deficit Widened in March

    India's trade deficit in March widened compared with the same month the previous year, government data showed Thursday. The trade deficit for March stood at $13.93 billion compared with a $9.98 billion deficit in March 2020.. Exports increased 60.29% from a year earlier to $34.45 billion, after remaining flat in January.

  • U.S. Jobless Claims Fell 193K to 576K in April 10 Week

    Jobless claims dropped sharply to 576,000, a fresh low since the pandemic's onset. Applications have trended downward this year, but remain above pre-pandemic levels. (END) Dow Jones Newswires 04-15-21 0850 ET Copyright (c) 2021 Dow Jones& Company, Inc..

  • U.S. Retail Sales Rose 9.8% in March

    Retail sales jumped 9.8% in March from the prior month as stimulus money, vaccinations and re-openings spurred a burst of shopping.

  • New York Manufacturing Activity Expands in April at Fastest Pace in More Than 3 Years -- NY Fed

    Manufacturing activity in New York state gained further momentum in April, expanding at the quickest pace in more than three years, data from the Federal Reserve Bank of New York showed Thursday. The Empire State Manufacturing Survey's general business conditions index rose to 26.3 in April from 17.4 in March. This is the highest reading since October 2017..

  • Covid-19 Stimulus, Vaccinations Likely Spurred March Retail Sales Surge

    U.S. shoppers likely boosted retail spending sharply in March as federal-stimulus funds made their way to households, warmer weather set in and the economy reopened more fully from pandemic-related restrictions. Economists forecast that the Commerce Department will report Thursday that retail sales-- a measure of purchases at stores, at restaurants and online-- increased by 6.1% last month, compared with a 3% drop in February. "There were a lot of positive forces for consumers in...

  • Unemployment Claims Likely Fell as Covid-19 Recovery Picked Up

    Unemployment claims likely resumed their decline as the U.S. economic revival picked up speed. Economists surveyed by The Wall Street Journal expect that the Labor Department will report that jobless claims, a proxy for layoffs, fell to 710,000 last week from 744,000 a week earlier. That would be down from a recent high of about 900,000 a week in January, but still way above the levels of around 220,000 that prevailed early last year, before the Covid-19 pandemic hit the U.S. economy.

  • The Dollar's Sliding Share in Global Currency Reserves is a Red Herring -- Heard on the Street

    The dollar's share in global foreign-exchange reserves slipped to its lowest level since the mid-1990s last year, giving fresh fuel to arguments that the greenback's role as the top global currency is under threat. But reserve figures paint an incomplete picture of the currency's heft. A broader view of demand for dollars shows there is still no meaningful challenge to their role.

  • Germany March Consumer Prices Rose in Line With Forecasts -- Update

    --German consumer prices rose 1.7% on year by national standards. --Coronavirus restrictions caused pricing collection problems again in March. --Consumer prices rose 0.5% on month by both national standards and EU-harmonized standards.

  • Germany March Consumer Prices Rose in Line With Forecasts

    German consumer prices rose in March, confirming preliminary data, the German statistics office Destatis said Thursday. On a year-on-year basis, consumer prices rose 1.7% measured by national standards, in line with the forecasts of economists polled by The Wall Street Journal. Consumer prices rose 2.0% on year by European Union-harmonized standards, also in line with forecasts.

  • Indonesia's Trade Surplus Narrowed in March

    Indonesia's trade surplus narrowed slightly in March, as oil and gas imports rose. The country posted a trade surplus of $1.57 billion last month, compared with $2.00 billion in February. Analysts polled by The Wall Street Journal expected a $1.82 billion surplus.

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