Economics News Results

  • Mexico inflation rises to highest in 5 months, rate cut still seen

    Mexico's annual inflation in July rose to its highest level in five months, but seemingly keeping forecasts for the central bank to cut the key interest rate next week unchanged as the rise in consumer prices was in line with expectations. Consumer prices rose 3.62% in the year through July, the highest since a reading of 3.7% in February, the national statistics agency said on Friday.

  • U.S. Black-white unemployment rate gap widens again in July

    The gap in the U.S. jobless rate between whites and Blacks widened for a third straight month in July, making the gulf between the races the widest in more than five years, Labor Department data released on Friday showed.

  • Canada's Ivey PMI rises to 2-year high as purchasing activity accelerates

    Canadian purchasing activity expanded at its strongest pace in more than two years in July, Ivey Purchasing Managers Index data showed on Friday, providing additional evidence that Canada's economy is recovering from the coronavirus crisis. The seasonally adjusted PMI rose to 68.5 from 58.2 in June.

  • Baltic index wraps up best week since late-June

    The Baltic Exchange's main sea freight index wrapped up its best week in more than one month, ending broadly steady on Friday, as a slide in capesizes offset higher panamax and supramax rates. * The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and supramax vessels, was up by a point, at 1,501.

  • Canada's Ivey PMI shows acceleration in July purchasing activity

    Canadian purchasing activity expanded at a stronger-than-expected pace in July, Ivey Purchasing Managers Index data showed on Friday, providing additional evidence that Canada's economy is recovering from the coronavirus crisis.

  • Brazil's auto output up 73% in July from June, says Anfavea

    Brazil's auto production grew 73% in July from the previous month to 170,300 units, automakers association Anfavea said on Friday. Anfavea said Brazil's auto exports fell 22.2% in July compared with the same month last year, while car sales grew 31.4% in July versus June, to 174,500 units.

  • Slowing U.S. job growth, rising COVID-19 raise doubts on the recovery's strength

    U.S. employment growth slowed considerably in July, underscoring an urgent need for additional government aid as a resurgence of COVID-19 infections threatens to snuff out the nascent economic recovery. The Labor Department's closely watched employment report on Friday came as Democratic leaders in Congress and top aides to President Donald Trump struggled to negotiate a fiscal package.

  • Canada adds more jobs than expected in July; most were part-time positions

    Canada added 418,500 jobs in July, though the vast majority were part-time positions, and the unemployment rate fell to 10.9% as the economy continued to reopen from COVID-19 closures, Statistics Canada said on Friday. Analysts in a Reuters poll had predicted a gain of 400,000 jobs and an unemployment rate of 11%, after record job gains in June as businesses across the country reopened.

  • Canada adds 418,500 jobs in July, unemployment rate dips

    Canada added 418,500 jobs in July, mostly in the part-time sector, and the unemployment rate fell to 10.9% as the economy continued to reopen, Statistics Canada said on Friday. Analysts in a Reuters poll had predicted a gain of 400,000 jobs and for the unemployment rate to fall to 11% from 12.3% in June.

  • Brazil July inflation hits 4-year high, but annual rate still well below target

    Brazilian inflation in July rose for that month the most in four years, figures showed on Friday, driven by fuel and housing costs, although the annual measure remained significantly below the central bank's year-end target. The IPCA index rose 0.36% in July, government statistics agency IBGE said, almost exactly in line with the 0.35% that economists in a Reuters poll had expected.

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