Sectors News Results

  • Renewable Energy Industry Readies Wish Lists for Joe Biden

    THE RENEWABLE ENERGY LOBBY gears up for a Joe Biden presidency much friendlier to their industry than the Trump administration. Within days of Biden's victory, the associations representing the solar and wind industries pushed out their detailed agenda wish lists for the new administration to immediately act upon, many of which don't require congressional action in what could be a divided government, depending on the outcome of the Georgia Senate runoffs.

  • Riksbank Leaves Rate Path Unchanged But Upgrades Asset Purchases

    STOCKHOLM--Sweden's central bank on Thursday backed earlier guidance that its key repo rate will remain unchanged at zero at least until late 2023, but said it will expand its asset-purchase program to boost conditions for an economic recovery and help inflation rise towards target. The Riksbank said the second wave of coronavirus infections has promted tougher restrictions, hurting the already hard-hit services sector and prompting growth forecasts to be revised down...

  • UK Office for Budget Responsibility Sees Economy Shrinking 11.3% in 2020

    LONDON--The U.K. economy is forecast to record its largest contraction in 300 years in 2020 and government borrowing will hit a peacetime record, the country's fiscal watchdog said Wednesday. The Office for Budget Responsibility forecasts the economy will shrink 11.3% in 2020 and public-sector borrowing for the fiscal year ended in March will reach 394 billion pounds, equivalent to almost 20% of national income, Treasury Chief Rishi Sunak told lawmakers.

  • French Manufacturing Sector Sentiment Declined in November

    Sentiment in the French manufacturing sector fell in November amid lockdown restrictions. Figures from the French national statistics agency's monthly survey on Tuesday showed manufacturing sentiment fell to 92 in November compared with a revised figure of 94 for October. The reading is in line with economists' consensus forecast of 92 in a survey conducted by The Wall Street Journal.

  • Europe's Economy Set to Contract Again as Lockdowns Bite

    The European economy appears set for a fresh contraction in the final quarter of 2020, as business surveys indicate that lockdowns aimed at containing the coronavirus have led to a sharp decline in activity in the dominant services sector. The new lockdowns mostly came into force in the final week of October. Although narrower than those introduced in the spring, the new measures appear to have hit those services that require close physical proximity almost as hard, while...

  • U.S. Housing Starts Increase Further in October

    Construction of new homes in the U.S. increased in October for the second consecutive month, signaling the housing market remains strong, data from the Commerce Department showed Wednesday. Here are the main takeaways from the report:. --Housing starts, a measure of U.S. homebuilding, increased by 4.9% in October compared with September, to a seasonally adjusted annual rate of 1.53 million.

  • U.S. Retail Sales Rose 0.3% in October -- 4th Update

    U.S. retail sales rose in October at their slowest pace since the spring, another sign the nation's economic recovery is losing steam as coronavirus cases surge across the country. Consumer-spending data from private companies suggest shoppers turned more cautious this month, too, as last month's jump in virus cases accelerated in November, prompting some officials to impose new restrictions, mask mandates and other mitigation strategies to slow its spread.

  • U.S. Retail Sales Rose 0.3% in October -- 3rd Update

    American shoppers boosted their buying more slowly in October, another sign the U.S. economic recovery is losing steam as coronavirus cases increase across the country. Consumer spending data from private companies suggest shoppers turned more cautious this month too as a surge in coronavirus cases in October accelerated in November, prompting some officials to impose new restrictions, mask mandates and other mitigation strategies to slow its spread.

  • Existing Home Sales Seen Down in October -- 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 Wednesday 0830 Housing Starts Oct 1.45 M 1.415 M-- percent change Oct +2.5% +1.9% 0830 Building Permits Oct +1.56 M 1.553 M-- percent change Oct +0.5% +5.2% Thursday 0830 Jobless Claims Nov 14 710 K 709 K 0830 Phila Fed Mfg Svy Nov 22.0 32.3 1000 Existing Home Sales Oct 6.46 M 6.54 M--...

  • U.S. Retail Sales Rose 0.3% in October -- 2nd Update

    U.S. shoppers boosted their buying in October for the sixth month in a row, but the pace of growth slowed considerably amid rising coronavirus cases and uncertainty ahead of the U.S. presidential election. Retail sales increased a seasonally adjusted 0.3% in October from a month earlier, the Commerce Department said Tuesday. That fell short of economists' expectations for a 0.5% rise, and was well below the 1.6% gain in September.

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