Economics News Results

  • South Korea's Economy Rebounds in 3Q on Exports

    South Korea's economy rebounded in the third quarter on a strong recovery in exports of cars and memory chips after sliding into a pandemic-induced recession. Gross domestic product expanded by 1.9% during the July-September period from the prior quarter-- the fastest pace since the first quarter of 2010, preliminary Bank of Korea data showed Tuesday. The reading beats the median forecast by seven economists polled by The Wall Street Journal for a 1.7% expansion.

  • GDP Expected to Recover -- Data Week Ahead Update

    The following are forecasts for this week's remaining U.S. data from a survey compiled by The Wall Street Journal. DATE TIME RELEASE PERIOD CONSENSUS PREVIOUS Tuesday 0830 Durable Goods Orders Sep +0.4% +0.5%* 0900 S&P/Case-Shiller 20- City Aug +4.3% +3.9% HPI Y/Y 1000 Consumer Confidence Oct 102.0 101.8 1000 Richmond Fed Mfg Svy Oct 16 21 Thursday 0830 Jobless Claims Oct 24 778 K 787 K 0830 Real GDP 3 Q +32.0% -31.4** 0830 GDP Prices 3 Q +2.9% -1.8** 1000 Pending Home Sales Sep +3.0%...

  • Manufacturing Activity in Texas Further Expands in October

    Factory activity in Texas expanded in October for the fifth straight month, accelerating to a more than two-year high, data from the Federal Reserve Bank of Dallas showed Monday. The production index of the Texas Manufacturing Outlook Survey, a key measure of state manufacturing conditions, came in at 25.5 in October, up from 22.3 in September and indicative of a solid expansion of output. In the survey, researchers at the Federal Reserve in Dallas ask Texas executives about a range...

  • U.S. New Home Sales Slip in September

    Purchases of new single-family houses in the U.S. decreased in September, breaking a four-month streak of gains. Here are the main takeaways from the Commerce Department's report released Monday:. --New home sales fell 3.5% in September compared with August to a seasonally adjusted annual rate of 959,000..

  • U.S. Economic Activity Expands Above-Average in September But Loses Steam --Chicago Fed

    The U.S. economy continued to expand at an above-average rate in September but growth lost steam compared with previous months, data from the Federal Reserve Bank of Chicago showed Monday. The Chicago Fed National Activity Index stood at 0.27 in September, down from an upwardly revised 1.11 in August. The figure came in below economists' consensus, who polled by FactSet expected the indicator to be at 0.73.

  • Germany's Ifo Index Falls as Second Wave Takes Toll on Business Sentiment --Update

    --German business sentiment fell in October, ending a five-month rising streak. --Companies' assessment of their current situation improved slightly, but their expectations worsened. --Business climate improved for manufacturing, but worsened for the trade, service and construction sectors.

  • Germany's Ifo Index Falls as Second Wave Takes Toll on Business Sentiment

    German business sentiment fell in October after increasing for five consecutive months, the Ifo Institute said Monday. In view of rising coronavirus cases, German businesses are becoming increasingly worried, Ifo said. The Ifo business-climate index came in at 92.7 points in October, compared with a downwardly revised 93.2 points in September.

  • Correction to China Trade War Article

    The surname of Zach Mottl was misspelled as Motti in "China Trade War Didn't Boost U.S. Manufacturing Might "at 5: 44 a.m. (END) Dow Jones Newswires 10-25-20 1550 ET Copyright (c) 2020 Dow Jones& Company, Inc..

  • Business on Biden: Not So Bad, Given the Alternatives

    Former Vice President Joe Biden is running for president on the sort of platform that usually makes business sweat: higher taxes on corporations and investors, aggressive action to phase out fossil fuels, stronger unions and an expanded government role in health care. Yet many business executives and their allies are greeting the prospect of a Biden presidency with either ambivalence or relief. Credit that not to who Mr.

  • China Trade War Didn't Boost U.S. Manufacturing Might

    WASHINGTON-- President Trump's trade war against China didn't achieve the central objective of reversing a U.S. decline in manufacturing, economic data show, despite tariffs on hundreds of billions of dollars of Chinese goods to discourage imports. The tariffs did succeed in reducing the trade deficit with China in 2019, but the overall U.S. trade imbalance was bigger than ever that year and has continued climbing, soaring to a record $84 billion in August as U.S. importers...

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