Economics News Results

  • Manufacturing Activity in Central U.S. Picked Up Pace in October -- Kansas City Fed

    Factory activity in the U.S. central region gained momentum in October compared with the previous month, according to data from a survey compiled by the Federal Reserve Bank of Kansas City released Thursday. The Tenth District Manufacturing survey's composite index increased to 31 in October from 22 in September, beating the 23.5 forecast from economists polled by The Wall Street Journal. The indicator gauges manufacturing activity in firms located in the western third of...

  • U.S. Pending Home Sales Fell in September, Missing Expectations -- NAR

    The number of houses going under contract in the U.S. declined in September after rising sharply in August, according to data from the National Association of Realtors released Thursday. Here are the report's main takeaways:. --The Pending Home Sales Index, a forward-looking indicator of home sales based on contract signings, decreased 2.3% to 116.7 in September compared with the previous month.

  • Powell's Future at Fed Clouds Policy Outlook; Bank of Canada to Bring Quantitative Easing to End; Brazil's Selic Lifted Again

    Federal Reserve Chairman Jerome Powell will field questions about the central bank's outlook for economic growth, employment and inflation after next week's policy meeting, but questions about whom President Biden will name to lead the Fed next year will persist. Meanwhile, central banks around the world were busy, with the Bank of Canada saying it will end quantitative easing, the Central Bank of Brazil raising its benchmark interest rate and the Bank of Japan lowering its...

  • U.S. Economy Grew by 2.0% in 3Q

    The U.S. economy grew by 2.0% last quarter, with the Delta variant and supply issues dampening gains. Growth could accelerate during the holidays, analysts say. (END) Dow Jones Newswires 10-28-21 0848 ET Copyright (c) 2021 Dow Jones& Company, Inc..

  • German Inflation Rose by More Than Expected in October

    German consumer prices rose strongly in October, beating forecasts, according to preliminary data released by the German statistics office Destatis on Thursday. Consumer prices rose 4.5% on year measured by national standards, above the forecast of 4.4% of economists polled by The Wall Street Journal. They rose 4.6% on year by European Union-harmonized standards, above the forecast of 4.5%.

  • Belgian Economy Gains Pre-Pandemic Levels

    The Belgian economy grew in the third quarter thanks to the easing of coronavirus restrictions, and exceeded its pre- crisis levels of economic activity, the National Bank of Belgium said Thursday. The country's gross domestic product grew 1.8% compared with the previous quarter, the central bank said. According to a first estimate, value added was up on the previous quarter by 2.3% in services, while value added was 0.1% below the previous quarter in industry and down 0.5% in...

  • Spanish Inflation Rises at the Fastest Pace in Almost 30 Years

    The annual rate of inflation in Spain accelerated in October at the fastest pace since September 1992.. Consumer prices rose 5.5% on year in October, according to a first estimate released Thursday by the Spanish statistics office INE. Prices rose 4.0% on year in September.

  • German Jobless Claims Fell More Than Expected in October

    German jobless claims fell much more than expected in October, the Federal Employment Agency said Thursday. Jobless claims fell by 39,000 on month after declining by 31,000 in September. Economists polled by The Wall Street Journal had forecast a decline of 20,000..

  • Spanish Unemployment Rate Declined in 3Q as Coronavirus Restrictions Eased

    Spain's unemployment rate fell slightly in the third quarter of 2021 thanks to an easing of coronavirus-related restrictions that allowed the recovery of the services sector. The country's unemployment rate declined to 14.57% in the third quarter from 15.26% in the previous quarter, Spanish statistics office INE said Thursday. Jobless claims fell by 127,100 in the quarter to a total of 3.42 million unemployed.

  • U.K. Car Manufacturing in September Hurt by Global Chip Shortage

    U.K. car manufacturing fell 42% in September, its worst drop for the month since 1982, an industry body said Thursday, adding that global chip shortages continue to hurt production and have added more than 2.4 billion pounds to costs. The Society of Motor Manufacturers and Traders said a total of 67,169 cars drove off the production lines in September, compared with 114,732 in September 2020. Production for the first nine months of 2021 was 3.8% higher at 656,776..

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