Taiwan's gross domestic product jumped 7.47% in the second quarter, slightly easing from an 8.92% rise in the first three months of the year, preliminary data showed. The latest data keeps Taiwan among the world's best-performing economies so far this year, even as a recent Covid-19 resurgence in the island led to tightened restrictions. The rise has been driven by the strong expansion in domestic production and better-than-expected exports, even though the local outbreak in...
Italy's economy grew in the second quarter on the back of a gradual easing of pandemic restrictions. The eurozone's third-biggest economy grew 2.7% on quarter, following a revised figure of 0.2% growth in the first quarter, the Italian statistics agency Istat said Friday in a first estimate for the period. Economists polled by The Wall Street Journal had forecast a 1.3% expansion.
North Korea's economy likely shrank the most in more than two decades last year, as pandemic lockdowns and continued U.N. sanctions weighed on its growth, South Korea's central bank said Friday. North Korea's gross domestic product is estimated to have contracted 4.5% in 2020-- the worst since 1997-- after expanding an estimated 0.4% in 2019, the Bank of Korea said in an annual report. North Korea doesn't announce its own official GDP data.
The number of houses going under contract in the U.S. declined in June after rising the previous month, data from the National Association of Realtors showed Thursday. Here are the report's main takeaways:. --The Pending Home Sales Index, a forward-looking indicator of home sales based on contract signings, decreased 1.9% to 112.8 in June compared with the previous month.
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 Friday 0830 Personal Income Jun -0.2% -2.0% 0830 Consumer Spending Jun +0.7% +0.0% 0830 Core PCE Prices M/M Jun +0.6% +0.5% 0830 Core PCE Prices Y/Y Jun +3.6% +3.4% 0830 Employment Cost Index 2 Q +0.9% +0.9% 0945 Chicago PMI Jul 64.1 66.1 1000 Consumer Sentiment Jul 80.8 80.8** July Prelim Reading. Write to Tim Merle at...
Kirkland Lake Gold Ltd.' s exposure to U.S. and Australian dollars as the Canadian dollar strengthened increased the company's expenses. Here's what the gold producer had to say:. "After weakening sharply against the U.S. dollar in the first quarter of 2020, concurrent with the emergence of the Covid-19 pandemic, the Canadian and Australian dollars began strengthening against the U.S. dollar starting in the second quarter of 2020 with this trend continuing through the remainder...
GDP grew at a 6.5% annual rate in the second quarter, up slightly from earlier in the year. The economy's size now exceeds its pre-pandemic level. (END) Dow Jones Newswires 07-29-21 0850 ET Copyright (c) 2021 Dow Jones& Company, Inc..
German consumer prices rose strongly in July, according to preliminary data released by the German statistics office Destatis on Thursday. Consumer prices rose 3.8% on year measured by national standards, more than the 3.3% forecasts by economists polled by The Wall Street Journal. They rose 3.1% on year by European Union-harmonized standards, slightly above the 3.0% forecast of economists polled by The Wall Street Journal.
The Belgian economy grew in the second quarter thanks to the gradual easing of coronavirus restrictions, the National Bank of Belgium said Thursday. The country's gross domestic product grew 1.4% compared with the previous quarter, the central bank said. According to a first estimate, value added was up on the previous quarter by 1.1% in industry, 0.5% in construction and 1.4% in services, the report said.
German jobless claims fell considerably more than expected in July, the Federal Employment Agency said Thursday. Jobless claims fell by 91,000 on the month after declining by a revised figure of 39,000 in June. Economists polled by The Wall Street Journal had forecast a decline of 22,500..
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