BEIJING--China's home-price growth in January was at an 18- month low as a years-long tightening of the property market met with effects from the coronavirus outbreak, which has brought the world's second-largest economy to a near standstill. The average price of new homes increased 6.45% on year in January, slowing from a 6.81% increase in December, according to calculations by The Wall Street Journal based on data released Monday by the National Bureau of Statistics.
BEIJING--China attracted $12.68 billion of foreign direct investment in January, up 2.2% from a year earlier, the Ministry of Commerce said Monday. In January, investment from South Korea and Japan jumped 157.1% and 50.2% on year, respectively, the ministry said. (END) Dow Jones Newswires 02-16-20 2149 ET Copyright (c) 2020 Dow Jones& Company, Inc..
SINGAPORE--Singapore's non-oil exports fell in January, mainly due to declines in electronic and non-electronics exports. Exports of goods made in Singapore dropped 3.3% in January compared with a year earlier, after growing 2.4% in the preceding month, Enterprise Singapore said Monday. The median estimate of eight economists in a Wall Street Journal poll was for a 3.5% contraction in exports in January from a year earlier.
Singapore's economy could contract this year due to the impact from the coronavirus outbreak on the export-dependent country. The government said Monday economic growth is forecast at -0.5% to +1.5% in 2020, compared with its prior estimate of +0.5% to +2.5%. Growth for this year is expected to come in at around 0.5%.
WELLINGTON, New Zealand--Growth in visitors to New Zealand was its slowest in six years in 2019 as fewer Chinese and Malaysians traveled to the country. The number of Chinese visitors dropped 9.0% to 407,100 and visitors from Malaysia slid 26.0% to 41,800, Statistics New Zealand said Monday. Total visitors to New Zealand in 2019 grew 0.7% to 3.89 million as Australia and U.S. visitors increased.
WASHINGTON-- Consumer spending in the U.S. picked up slightly in January after a weak holiday season, while manufacturing started the year on a decline, suggesting forces that slowed 2019 growth continued at the start of this year. Government and survey data released Friday showed consumers remained upbeat, but the manufacturing industry was struggling. "There seems to be this ongoing dichotomy between business and the consumer sector," said Gregory Daco, an economist at Oxford...
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 Tuesday 0830 NY Empire Sate Svy Feb 4.5 4.8 1000 Housing Mkt Index Feb 75 75 Wednesday 0830 Producer Price Index Jan +0.2% +0.1%-- ex food& energy Jan +0.2% +0.1%-- ex food, energy, trade Jan +0.2% +0.1% 0830 Housing Starts Jan 1.43 M 1.608 M-- percent change Jan -11.1% +16.9% 0830 Building Permits Jan 1.43 M 1.416 M-- percent change Jan +1.0%...
U.S. industrial output fell in January, driven down by unseasonably warm temperatures and a halt in production at Boeing Co.. Industrial production, a measure of factory, mining and utility output, decreased a seasonally adjusted 0.3% in January from the prior month, the Federal Reserve said Friday. Utility production dropped 4% last month, with electric and natural-gas utilities falling 3.2% and 7.7%, respectively, as Americans cut back on their energy consumption during a...
WASHINGTON-- Consumer spending in the U.S. picked up slightly in January after a weak holiday season, while manufacturing started the year on a decline. Retail sales, a measure of purchases at stores, at restaurants and online, increased a seasonally adjusted 0.3% in January from a month earlier, the Commerce Department said Friday. That was the strongest pace of growth since October, after December's holiday retail sales were revised slightly lower.
Americans' economic outlook rose strongly in early February, according to a University of Michigan survey released Friday. The survey's headline index of consumer sentiment increased to 100.9 this month from 99.8 at the end of January. Economists surveyed by The Wall Street Journal had expected a reading of 99.5.
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