Economics News Results

  • Texas Factory Production Eased in October -- Dallas Fed

    Growth in Texas factory output slowed in October compared with the previous month amid severe supply-chain bottlenecks, according to data from the Federal Reserve Bank of Dallas released Monday. The production index of the Texas Manufacturing Outlook Survey, a key measure of state manufacturing conditions, decreased to 18.3 in October from 24.2 in September. The reading signals solid output growth, the Dallas Fed said.

  • Belgium Business Confidence Stabilizes in October

    Business sentiment in Belgium remained unchanged in October, beating expectations for a decline, data from the National Bank of Belgium showed Monday. Business confidence stayed at 4.0 in October, unchanged from the previous month. Economists polled by The Wall Street Journal had expected the indicator to decline to 2.0.

  • U.S. Economic Growth Lost Further Momentum in September -- Chicago Fed

    The U.S. economy grew in September at a slower pace than in the previous few months, according to data from the Federal Reserve Bank of Chicago released Monday. The Chicago Fed National Activity Index fell to minus 0.13 in September from 0.05 in August, below the 0.35 consensus forecast from economists polled by FactSet. The CFNAI index is composed of 85 economic indicators drawn from four broad categories of data: production and income; employment, unemployment and hours; personal...

  • 3Q GDP Seen +3.0% -- 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 1030 Dallas Fed Mfg Svy Oct 6.5 4.6 Tuesday 0900 S&P/Case-Shiller 20- City Aug +19.8% +19.9% HPI Y/Y 1000 Consumer Confidence Oct 107.5 109.3 1000 New Home Sales Sep 759 K 740 K-- percent change +2.6% +1.5% 1000 Richmond Fed Mfg Svy Oct 4 -3 Wednesday 0830 Durable Goods Orders Sep -0.7% +1.8% Thursday 0830 Jobless Claims Oct 23...

  • US Economic Growth Gains Steam in October Despite Supply Bottlenecks - IHS Markit

    U.S. business activity accelerated in October despite severe shortages of staff and materials as the services sector revived from the Covid-19 Delta wave, according to a survey of purchasing managers. The flash reading for the U.S. Composite Output Index rose to 57.3 in October from 55.0 in September, data from IHS Markit released Friday showed.

  • Brazil Current Account Swung to $1.7 Billion Deficit in September

    SÃO PAULO--Brazil recorded a current-account deficit of $1.7 billion in September, from a surplus of $1.7 billion in August, the country's central bank said Friday. The 12- month current-account deficit reached $20.7 billion in September, from a revised $19.3 billion the month before, the bank said. The 12- month current-account deficit was equal to 1.3% of gross domestic product, versus 1.2% of GDP reported for the previous month.

  • U.S. Leading Economic Index Rose in September, But Signals Slowdown -- The Conference Board

    An economic index that measures U.S. business cycles increased in September, although it suggested that economic growth eased compared with the prior month, according to data from the Conference Board released Thursday. The Leading Economic index rose 0.2% to 117.5 in September compared with August. The 0.2% increase is below expectations from economists polled by The Wall Street Journal, who forecast a 0.4% rise.

  • News Highlights: Top Global Markets News of the Day

    Jobless Claims Fall to Pandemic Low Behind Tight Labor Market. Worker filings for initial unemployment benefits decreased to 290,000 last week from a revised 296,000 a week earlier, the Labor Department said Thursday. Chinese Developer Defaults Pile Up as Evergrande Contagion Spreads.

  • Philly's Fed District Manufacturing Activity Eased in October

    Manufacturing activity in the Philadelphia area continued to expand in October, albeit at a slower pace compared with the previous month amid severe shortages related to global supply-chain problems, according to a survey. The index for current general activity compiled by the Federal Reserve Bank of Philadelphia decreased to 23.8 in October from 30.7 in September. The reading broadly matches economists expectations polled by The Wall Street Journal, who expected the...

  • Fed's Quarles Warns of Extended High Inflation; Paycheck Protection Program May Have Made Inequality Worse, Minneapolis Fed Chief Says

    Federal Reserve governor Randal Quarles said he expects higher prices to ease next year as supply-chain disruptions fade, but added that logistics bottlenecks risk leading consumers and businesses to expect higher inflation in the future, which could force the Fed to respond by raising interest rates. "If we are still seeing 4% inflation... next spring, then I think we might have to reassess the speed with which we would be thinking about raising interest rates," he said.

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