Economics News Results

  • Consumer Sentiment Expected to Rise -- 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 1000 Consumer Sentiment Sep 72.0 70.3** Aug Final Reading.

  • Manufacturing Activity in Philly Fed's District Accelerated in September

    Growth of manufacturing activity in the Philadelphia area gathered pace in September after several months slowing down, according to a survey released Thursday by the Federal Reserve Bank of Philadelphia. The index for current general activity climbed to 30.7 in September from 19.4 in August, above the 18.7 expected from economists' polled by The Wall Street Journal. The survey polls manufacturers in the Third Federal Reserve District--which covers eastern Pennsylvania,...

  • U.S. Jobless Claims +20K to 332K in Sept. 11 Week; Survey 320K

    Jobless claims rose slightly last week but remained near a pandemic low, as layoffs stabilize amid an economic slowdown tied to rising coronavirus cases. Initial unemployment claims rose to 332,000 last week from a pandemic low of 312,000 a week earlier, the Labor Department reported Thursday. The four-week moving average for claims, which smooths out weekly volatility, fell to 335,750, the lowest level since March 2020..

  • Retail Sales Rose 0.7% in August

    U.S. retail sales rose 0.7% in August, a sign the economic recovery has resilience despite the Delta variant. Write to Josh Mitchell at joshua.mitchell@wsj.com. (END) Dow Jones Newswires 09-16-21 0852 ET Copyright (c) 2021 Dow Jones& Company, Inc..

  • New Zealand Economy Accelerated in 2Q But Now Faces Lockdown Setback -- Update

    WELLINGTON, New Zealand--New Zealand's economy accelerated in the second quarter, but faces a setback from a Covid-19 outbreak that has shuttered the country's largest city. The economy grew 2.8% from the first quarter after a revised 1.4% increase in January-March, underpinned by higher government spending, record low interest rates and fast-rising house prices. The median forecast in a Wall Street Journal survey was for growth of 1.1% percent.

  • 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.

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