Economics News Results

  • Housing Starts and Existing Home Sales Seen Rising -- Data Week Ahead

    The following are forecasts for next week's U.S. data from a survey compiled by The Wall Street Journal. DATE TIME RELEASE PERIOD CONSENSUS PREVIOUS Monday 1000 Housing Mkt Index Jul 81 81 Tuesday 0830 Housing Starts Jun 1.59 M 1.572 M-- percent change Jun +1.1% +3.6% 0830 Building Permits Jun 1.68 M 1.681 M-- percent change Jun -0.1% -3.0% Thursday 0830 Jobless Claims Jul 17 348 K 360 K 1000 Existing Home Sales Jun 5.93 M 5.80 M-- percent change Jun +2.2% -0.9% 1000 Leading Index Jun +0.9%...

  • U.S. Consumer Sentiment Fell in Early July on Higher Inflation Expectations

    Consumer sentiment in the U.S. declined in early July as Americans' prospects for the national economy deteriorated amid concerns over high inflation. The preliminary estimate of the index of consumer sentiment released Friday by the University of Michigan came in at 80.8 in July, down from 85.5 in June. The reading missed expectations from economists polled by The Wall Street Journal, who forecast the indicator to increase to 86.3.

  • Foreigners in May Add C$20.79 Billion in Canadian Securities to Portfolios

    OTTAWA--Foreign investors in May roughly doubled their investment in Canadian securities relative to the previous month, helping generate the first net inflow of funds into the country in six months. Nonresident investors purchased a net 20.79 billion Canadian dollars, or the equivalent of $16.51 billion, in Canadian securities in May, Statistics Canada reported Friday. In the previous month, foreigners added C $9.9 billion in Canadian securities.

  • U.S. Retail Sales Rose 0.6% in June

    U.S. retail sales rose by 0.6% in June as the economy more broadly reopened and auto dealers navigated supply disruptions.

  • Retail Sales Seen Down Again -- 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 Friday 0830 Retail Sales Jun -0.4% -1.3%-- ex autos Jun +0.4% -0.7% 1000 Business Inventories May +0.5% -0.2% 1000 Consumer Sentiment Jul 86.3 85.5** June Final Reading.

  • U.S. Industrial Production Increased in June, But Manufacturing Acted as a Drag

    U.S. industrial production rose in June but manufacturing output continued to be hindered by supply shortages, particularly in the automotive sector. Industrial production--which includes factory, mining and utility output--increased at a seasonally adjusted 0.4% in June compared with May, according to data from the Federal Reserve released Thursday. The reading missed forecasts from economists polled by The Wall Street Journal, who expected a 0.6% rise.

  • District Manufacturing Activity Eased in July -- Philly Fed

    Manufacturing activity in the Philadelphia area lost some steam in July compared with the previous month, according to data from a survey released Thursday by the Federal Reserve Bank of Philadelphia. The index for current general activity fell to 21.9 in July from 30.7 in June, below the 27.0 reading forecast by economists' polled by The Wall Street Journal. The survey polls manufacturers in the Third Federal Reserve District--which covers eastern Pennsylvania, southern New...

  • New York Manufacturing Activity Expanded at Record-High Pace in July -- NY Fed

    Manufacturing activity in New York accelerated sharply in July, growing at the fastest rate in at least two decades, according to a survey from the Federal Reserve Bank of New York released Thursday. The Empire State Manufacturing Survey's general business conditions index increased to 43.0 in July from 17.4 in June, well above the reading of 17.3 forecast among economists polled by The Wall Street Journal. This is the highest level ever reached in the survey's history.

  • China Home Prices Rose on Month in June in 55 of 70 Cities Vs. 62 in May

    BEIJING--Home-price growth in China slowed slightly in June, as fewer cities reported price growth amid Beijing's ramped-up efforts to tame the market. Prices of new homes rose in 55 of 70 cities in June vs. May, down from the 62 cities showing price rises a month earlier, the National Bureau of Statistics said Thursday.

  • China Real-Estate Investment Cooled in 1st Half

    BEIJING--Property investment growth in China slowed in the first half of the year, as the base effect faded and Beijing tightened its control over the property market. Real-estate investment rose 15% in the first half of the year, which compared with a 18.3% gain for January to May, according to data released Thursday by the National Bureau of Statistics. New construction starts retreated more sharply, with construction starts measured by floor area up 3.8% compared with the...

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