Economics News Results

  • Economy Week Ahead: Eurozone PMI, Durable Goods, Household Spending

    In the week ahead, the U.S. Commerce Department releases fresh figures on new-home sales, durable goods and household spending. The eurozone issues figures on activity at factories and service providers, and China releases data on industrial profits.

  • Americans Are Saving More, and That Isn't Necessarily Good

    From the 1980 s through 2007, household saving followed a predictable pattern. It typically rose after a recession as people paid down debt and rebuilt balance sheets, then declined as they grew more optimistic-- and spendthrift. That hasn't happened during the current expansion.

  • GDP Growth Expected to Hold Steady -- 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 0945 Markit Flash Mfg PMI Sep N/A 50.3* 0945 Markit Flash Services PMI Sep N/A 50.7* Tuesday 0900 S&P/Case-Shiller 20- City Jul N/A +2.1% HPI Y/Y 1000 Consumer Confidence Sep 132.7 135.1 1000 Richmond Fed Svy Sep N/A 1 Wednesday 1000 New Homes Sales Aug 659 K 635 K-- percent change Aug +3.8% -12.8% Thursday 0830 Jobless Claims Sep...

  • U.S. Household Net Worth Rose 1.64% in Second Quarter--Update

    The growth in the net worth of American households slowed in the spring. Household net worth grew 1.64% in the second quarter to $113.5 trillion. That was a slower pace than the 4.99% growth rate in the first quarter.

  • Fed's Rosengren Says Cutting Rates Now Boosts Risk of Financial Instability

    Federal Reserve Bank of Boston President Eric Rosengren said cutting rates now may boost the risk of financial instability, which in turn could make the next downturn more severe when it comes. There are "risks of tailwinds and costs to monetary policy being too accommodative," Mr. Rosengren said in the text of a speech to be delivered Friday at an event at New York University.

  • Argentina's Economy Contracts, as Joblessness Rises

    Argentina's economy contracted again in the second quarter while unemployment rose, as the country was slammed by galloping inflation, government austerity and high interest rates. Argentina's gross domestic product shrank a seasonally adjusted 0.3% from the first quarter, the fourth contraction in five quarters, statistics agency Indec said Thursday, though it expanded 0.6% from a year earlier. Indec revised the first quarter figure to unchanged from the fourth quarter...

  • Argentina's Economy Contracts, as Joblessness Rises

    Argentina's economy contracted again in the second quarter while unemployment rose, as the country was slammed by galloping inflation, government austerity and high interest rates. Argentina's gross domestic product shrank a seasonally adjusted 0.3% from the first quarter, the fourth contraction in five quarters, statistics agency Indec said Thursday, though it expanded 0.6% from a year earlier. Indec revised the first quarter figure to unchanged from the fourth quarter...

  • Home Sales Inch Up, Raising Hopes That Slump is Easing -- Update

    August was the strongest month for sales of U.S. homes in nearly a year and a half, sparking fresh hope that a protracted slump in the housing market may finally be starting to reverse. Sales of previously owned U.S. homes rose 1.3% in August from July to a seasonally adjusted annual rate of 5.49 million, the National Association of Realtors said Thursday. Economists surveyed by The Wall Street Journal expected sales to fall 1.1% last month.

  • Houses Approves Short-Term Spending Bill

    WASHINGTON-- The House passed a short-term spending bill Thursday, taking the first step toward avoiding a government shutdown at the end of the month. The stopgap funding, called a continuing resolution, will keep the government open until Nov. 21, several weeks beyond the end of the federal fiscal year on Sept. 30. The legislation also extends several health-care programs and other expiring measures, including the National Flood Insurance Program and the U.S.

  • U.S. Leading Economic Index Unchanged in August

    An economic index that measures U.S. business trends remained unchanged from July to August, following a slight increase in July and no change in June. The Conference Board Leading Economic Index stayed at 112.1 in August. Economists polled by The Wall Street Journal expected the index reading to be slightly up at 112.2.

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