Economics News Results

  • GDP Seen Steady, New Home Sales Expected to Rise -- 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 0945 Markit Flash Mfg PMI Nov 53.0 53.4* 0945 Markit Flash Services PMI Nov 55.0 56.9* Tuesday 0900 S&P/Case-Shiller 20- City Sep N/A +5.2% HPI Y/Y 1000 Consumer Confidence Nov 98.3 100.9 1000 Richmond Fed Mfg Svy Nov N/A 29 Wednesday 0830 Jobless Claims Nov 21 N/A 742 K 0830 Durable Goods Orders Oct +0.5% +1.9% 0830 Real GDP 3 Q...

  • Mnuchin Plans to Discuss 'Targeted' Aid Bill Friday With McConnell, Meadows, McCarthy -- Update

    WASHINGTON-- Treasury Secretary Steven Mnuchin on Friday defended his decision not to extend funding for several Federal Reserve lending facilities, calling on Congress to reappropriate the nearly $500 billion to help small businesses and unemployed workers. The Treasury Department's announcement Thursday that it would allow the funding to expire after Dec. 31 prompted a rare statement of objection from the Fed, which wants to maintain the lending programs as a backstop in...

  • Job Market Growth Slows Across U.S. as Covid-19 Cases Surge -- Update

    The labor market is flashing signs of slowdown in states where coronavirus cases are surging-- and in places where they are not. The growth in the number of daily job postings in Midwestern states, where the virus is raging, is slowing sharply compared with October, according to data from the job site ZipRecruiter. But other states with among the lowest virus infection rates in the nation, including California, New York and North Carolina, are also seeing a slowdown.

  • Belgium Consumer Confidence Picks Up in November

    Belgium consumer confidence improved in November, despite tighter coronavirus restrictions, the National Bank of Belgium said Friday. The consumer-confidence index rose to minus 15 in November from minus 17 in October, the central bank said. "The recent measures tightening up the lockdown, which came into force on Nov. 2, initially had a dampening effect on the morale of households, before gradually subsiding over the survey period," it said.

  • UK Retail Sales Increase in October Despite Spike in Covid-19 Infections

    Retail sales in the U.K. rose in October for the sixth consecutive month despite a surge in coronavirus cases across the country, data from the Office for National Statistics showed Friday. Sales volumes increased 1.2% in October compared with the previous month, taking the overall level of sales 6.7% above February's pre-pandemic levels. The reading beats expectations from economists polled by The Wall Street Journal, who were expecting sales to decline by 0.4%.

  • UK Consumer Confidence Falls in November as Britons' Finances Worsen

    Consumer confidence in the U.K. decreased for the second consecutive month in November, driven by a sharp deterioration of Britons' outlook for their personal finances amid a second lockdown to contain the spread of Covid-19. A measure of consumer confidence compiled by German market research firm GfK fell to minus 33 in November, compared with the minus 31 registered the prior month, data published Friday showed. The reading is in line with expectations from economists polled...

  • U.S. Home Sales Rose to 14-Year High in October -- 2nd Update

    U.S. home sales rose to a 14- year high last month, a rare bright spot for the economy as ultra low borrowing costs and the sudden shift in living preferences during the pandemic power the market. October's gains marked the fifth straight monthly increase and one of the best stretches for the housing market in several years. While home sales showed some signs of life before the coronavirus outbreak, they are running much hotter now.

  • Two Fed Officials Voice Concern on Economy as Virus Cases Surge -- Update

    Two Federal Reserve officials at the heart of central bank decision making this year sent warnings Thursday about what lies ahead for the economy as coronavirus cases spiral higher. Loretta Mester of the Cleveland Fed and Robert Kaplan of the Dallas Fed both expressed worry about the economy in separate Bloomberg Television interviews, but were reticent to detail what more the Fed could do to help. Both regional Fed bank presidents hold voting roles on the...

  • Manufacturing Activity in Central U.S. Slightly Eases in November -- Kansas City Fed

    The expansion pace of manufacturing activity in the central part of the U.S. slowed in November compared to that of the previous month, data from a monthly survey from the Federal Reserve Bank of Kansas City showed Thursday. The Tenth District Manufacturing Survey's composite index came in at 11 in November, down from October's 13 level. Economists polled by FactSet expected the indicator to climb to 14.5.

  • U.S. Leading Economic Index Rises in October

    An economic index that measures U.S. business cycles increased in October for the sixth straight month at the same growth rate as it did in September, data from the Conference Board showed Thursday. The Leading Economic index stood at 108.2 in October, up 0.7% compared with September. The rise matches expectations from economists polled by The Wall Street Journal.

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