Economics News Results

  • 2Q GDP Still Seen +6.6% -- 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 0830 Durable Goods Aug +0.6% -0.1% 1030 Dallas Fed Mfg Svy Sep 10 9 Tuesday 0900 S&P Case-Shiller Jul +20.2% +19.1% 20- City HPI Y/Y 1000 Consumer Confidence Sep 115.3 113.8 1000 Richmond Fed Mfg Svy Sep 10 9 Wednesday 1000 Pending Home Sales Aug +0.4% -1.8% Thursday 0830 Jobless Claims Sep 25 330 K 351 K 0830 Real GDP 2 Q +6.6%...

  • U.S. New Home Sales Rose in August

    Purchases of new single-family houses in the U.S. rose in August, for the second consecutive month. Here are the main takeaways from the Commerce Department's report released Friday:. --New home sales increased 1.5% in August compared with July to a seasonally adjusted annual rate of 740,000..

  • Belgium Business Confidence Falls in September

    Business sentiment in Belgium declined in September for the second consecutive month, after reaching a record high level in July. Business confidence fell to 4.0 in September from 7.6 in August, data from the National Bank of Belgium showed Friday. July's reading of 10.1 was the highest since the indicator in its current composition was introduced in 1980..

  • Fed's Mester On Board With November Taper, 2022 Rate Rise

    Federal Reserve Bank of Cleveland leader Loretta Mester said Friday she supports the U.S. central bank beginning the process of slowing its bond buying stimulus effort starting at the next monetary policy meeting. "In my view, the economy has met those conditions, and I support starting to dial back our purchases in November and concluding them over the first half of next year," Ms. Mester said in the text of a speech.

  • Manufacturing Activity in Central U.S. Slowed in September -- Kansas City Fed

    Activity in factories in the U.S. central region eased in September, 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 fell to 22 in September from 29 in August, below the 30 reading expected by economists polled by The Wall Street Journal. The indicator gauges manufacturing activity in firms located in the western third of Missouri, all of Kansas, Colorado, Nebraska,...

  • U.S. Leading Economic Index Increased in August -- Conference Board

    An economic index that measures U.S. business cycles rose in August at a slightly quicker pace than in July, data from The Conference Board showed Thursday. The Leading Economic index came in at 117.1 in August, up 0.9% compared with the previous month. The rise beats the expectations from economists polled by The Wall Street Journal, who expected a 0.7% increase.

  • U.S. Economic Activity Slows in September Amid Delta, Supply-Shortages -- IHS Markit

    Growth in the U.S. private sector lost some momentum in September as concerns on the Covid-19 Delta variant and persistent supply-chain problems hit activity, according to a survey of purchasing managers. The flash reading for the U.S. Composite Output Index decreased to 54.5 in September from 55.4 in August, data from IHS Markit showed Thursday.

  • New Home Sales on Tap -- 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 Friday 1000 New Home Sales Aug 720 K 708 K-- percent change Aug +1.7% +1.0%.

  • South African Reserve Bank Keeps Main Repo Rate at 3.5%, Raises 2021 Growth Forecast

    JOHANNESBURG--The South African Reserve Bank on Thursday kept its main repo rate at a record-low 3.5%, and said high commodity prices are helping Africa's most developed economy bounce back from the pandemic-induced recession faster than expected. Governor Lesetja Kganyago said the bank's monetary policy committee now expects gross domestic product to grow 5.3% this year, up from a 4.2% expansion predicted at the last meeting in July. However, he warned that much of the...

  • U.S. Jobless Claims Rose 16K to 351K in Sept. 18 Week

    Jobless claims climbed slightly last week, as demand for workers keeps a lid on layoffs and the economic recovery shows signs it is holding up during the latest Covid-19 surge. Initial unemployment claims, a proxy for layoffs, rose by 16,000 to a seasonally adjusted 351,000 last week from a revised 335,000 the prior week. The four-week moving average for initial claims, which smooths out weekly volatility, declined slightly and remained at its lowest level since the Covid-19...

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