Economics News Results

  • U.S. consumer spending slowing; industrial production weak

    U.S. consumer spending slowed further in January, with sales at clothing stores declining by the most since 2009, a trend that could raise concerns about the economy's ability to continue expanding at a moderate pace.

  • Oil glut, stronger rouble strengthen case for Russia to cut oil output-sources

    * Internal factors driving Russian thinking - sources. * Russia faces oil glut at home amid dispute with Belarus. * Rouble likely to strengthen on Sberbank sale deal. By Olesya Astakhova and Gleb Gorodyankin.

  • Baltic index ekes out first weekly gain in 10 amid virus outbreak

    The Baltic Exchange's main sea freight index inched up on Friday and registered its first weekly gain in ten weeks as firm panamax vessel rates outweighed losses in the coronavirus-hit capesize segment. * The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, edged up 4 points, or 1.0%, to 425.

  • U.S. Business Inventories Rose in December

    WASHINGTON--U.S. business inventories increased 0.1% in December to a seasonally adjusted $2.04 trillion, the Commerce Department said Friday. That matched the expectations of economists surveyed by The Wall Street Journal. Here are highlights from the report:.

  • U.S. business inventories inch up 0.1% in December

    Business inventories in the U.S. rose a slight 0.1% in December after a 0.2% decline in the prior month, the Commerce Department said Friday. The gain was in line with Wall Street expectations. Sales slumped 0.1% in the month.

  • Brazil central bank action puts real on track for biggest rise in two months

    Brazil's real rose 1% against the dollar on Friday, on course for its biggest rise since mid-December after the central bank intervened in the swaps market for the second day in a row following the currency's slump to record lows earlier this week. The dollar fell as low as 4.3019 reais after the central bank's $1 billion sale of 20,000 foreign exchange swaps contracts.

  • U.S. Industrial Production Declined in January

    U.S. industrial output fell in January, driven down by unseasonably warm temperatures and weaker aircraft production at Boeing. Industrial production, a measure of factory, mining and utility output, decreased a seasonally adjusted 0.3% in January from the prior month, the Federal Reserve said Friday, matching economists' expectations. Utility production dropped 4% last month, with electric and natural gas utilities falling 3.2% and 7.7%, respectively, as Americans cut back on...

  • U.S. January industrial output falls on weather, Boeing drop

    U.S. industrial production fell 0.3% in January as unseasonably warm weather held down the output of utilities and Boeing Co (BA) slowed production of civilian aircraft, the Federal Reserve said on Friday. The Fed said manufacturing production fell 0.1% in January, matching forecasts, but December's manufacturing output was revised lower to a 0.1% gain from a previously reported 0.2% gain.

  • Mexico's president commends cut to key interest rate

    Mexico's President Andres Manuel Lopez Obrador said on Friday that he was pleased with the central bank's decision to lower the benchmark interest rate, adding he expected the cut would help boost economic growth.

  • Canadian home sales fall in January, real estate group says

    Canadian home sales fell 2.9% in January from the previous month as a slowdown in the Lower Mainland of British Columbia weighed, the Canadian Real Estate Association said on Friday. The industry group said actual sales, not seasonally adjusted, rose 11.5% from a year earlier, while the group's Home Price Index was up 4.7% from January last year.

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