Economics News Results

  • China's New Home Prices Edged Down in September Amid Speculation Curbs

    BEIJING--China's September new home prices declined for the first time since March 2015, amid tighter measures to curb housing speculation and cool the property sector. Average new home prices in China's 70 major cities edged down 0.08% in September from the previous month, compared with a 0.16% increase in August. Meanwhile, fewer cities reported a price increase from the prior month, with prices of new homes rising only in 27 out of 70 cities in September, down from 46 cities in...

  • Existing Home Sales on the Docket -- 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 Oct 16 300 K 293 K 0830 Phila Fed Mfg Svy Oct 24.5 30.7 1000 Existing Home Sales Sep 6.10 M 5.88 M-- percent change Sep +3.7% -2.0% 1000 Leading Index Sep +0.4% +0.9% Friday 0945 Markit Flash Mfg PMI Oct 60.5 60.7* 0945 Markit Flash Services PMI Oct 55.5...

  • U.S. Housing Starts Decreased in September; Building Permits Fell Sharply

    Construction of new homes in the U.S. decreased in September after rising the previous month, according to data from the Commerce Department released Tuesday. Here are the main takeaways from the report:. --Housing starts, a measure of U.S. homebuilding, decreased 1.6% in September compared with August, to a seasonally adjusted annual rate of 1.555 million.

  • Bank of Canada Survey Finds Widespread Hiring, Investment Plans

    OTTAWA--Businesses in Canada say they are planning to increase their investments and hire staff as they deal with continued supply chain disruptions and labor shortages, a Bank of Canada survey found. The central bank's quarterly business outlook survey, released Monday, found firms' domestic and foreign sales prospects remained strong in the late summer, with businesses that provide in-person services expecting to benefit from easing Covid-19 restrictions and pent-up...

  • U.S. Home-Builder Sentiment Rose in October on Strong Demand -NAHB

    Confidence among U.S. homebuilders increased in October as demand remained strong despite growing affordability challenges stemming from rising material prices and shortages, according to a measure released Monday by the National Association of Home Builders. Here are the report's main takeaways:. --The association's housing-market index, which gauges the single-family housing market, climbed to 80 in October from 76 in September.

  • U.S. Industrial Production Fell in September as Supply-Chain Woes, Ida Hit Activity

    Industrial production in the U.S. declined in September as supply chain disruptions and lingering effects of Hurricane Ida weighed on manufacturing and mining output during the month. Industrial production--which includes factory, mining and utility output--fell at a seasonally adjusted 1.3% in September compared with the previous month, data from the Federal Reserve released Monday showed. The reading missed forecasts from economists polled by The Wall Street...

  • Barkin Open to Fed Taper; China's GDP Growth Slows; No Break Seen From Supply-Chain Troubles

    Federal Reserve Bank of Richmond President Thomas Barkin said Friday that the Fed is fast approaching a decision on reducing its $120 billion a month in asset purchases. "I do think we've come a long way on both the labor market and certainly on inflation against our goals since December, so I'm supportive of beginning the process of normalization," he said on CNBC. Elsewhere, China's economic growth slowed sharply in the third quarter, reflecting a range of factors, including policy...

  • China's Property Market Cools Amid Beijing Crackdown

    BEIJING--China's new construction starts measured by floor area contracted in the first nine months of the year, as Beijing's crackdown on the property sector cooled demand and deterred developers from starting new projects. New construction starts dropped 4.5% in January to September, widening the 3.2% decline in the first eight months of the year, according to data released Monday by the National Bureau of Statistics. Real-estate investment increased 8.8% over the...

  • Housing Starts and Existing Home Sales on the Docket -- 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 0915 Industrial Production Sep +0.2% +0.4% 0915 Capacity Utilization Sep 76.5% 76.4% 1000 Housing Mkt Index Oct 76 76 Tuesday 0830 Housing Starts Sep 1.61 M 1.615 M-- percent change Sep -0.3% +3.9% 0830 Building Permits Sep 1.69 M 1.728 M-- percent change Sep -2.2% +6.0% Thursday 0830 Jobless Claims Oct 16 293 K 293 K 0830 Phila...

  • U.S. Consumer Sentiment Decreased in Early October -University of Michigan

    Consumer sentiment in the U.S. fell slightly in early October as the spread of the Covid-19 Delta variant and supply- chain strains weighed on Americans' mood. The preliminary estimate of the index of consumer sentiment released Friday by the University of Michigan decreased to 71.4 in October from 72.8 in September. The reading missed estimates from economists polled by The Wall Street Journal, who expected the indicator to come in at 73.0.

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