Economic Indicators News

Economic Indicators News

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12 May

U.S. April budget deficit narrows as revenues rise, outlays fall - Treasury

U.S. April Budget Deficit Narrows As Revenues Rise, Outlays Fall - Treasury

. The United States Department of the Treasury is seen in Washington, D.C., U.S., August 30, 2020. /Andrew Kelly/File PhotoWASHINGTON The U.S. government posted a $226 billion budget deficit in April, a drop of $512 billion or 69% from the gap in April 2020, the first full month of COVID-19 lockdowns, as pandemic-related outlays fell and revenues rose sharply.

12 May

Republican leaders say infrastructure deal possible but can't include tax hike

Republican Leaders Say Infrastructure Deal Possible But Can't Include Tax Hike

. House Minority Leader Kevin McCarthy speaks to reporters with Senate Minority Leader Mitch McConnell at his side following an infrastructure meeting with U.S. President Joe Biden at the White House in Washington, U.S., May 12, 2021. /Kevin LamarqueBy Jeff Mason WASHINGTON The top Republican leaders in congress emerged from a White House meeting on Wednesday optimistic t

12 May

U.S. consumer prices post largest gain since 2009 as inflation ramps up

U.S. Consumer Prices Post Largest Gain Since 2009 As Inflation Ramps Up

2/2Reuters. A shopper wearing a face mask due to the coronavirus disease (COVID-19) pandemic browses toys at a Target store in King of Prussia, Pennsylvania U.S. November 20, 2020. /Mark Makela2/2By Lucia Mutikani WASHINGTON U.S. consumer prices increased by the most in nearly 12 years in April as booming demand amid a reopening economy pushed against supply constrai

12 May

U.S. consumer prices post largest gain in nearly 12 years in April

U.S. Consumer Prices Post Largest Gain In Nearly 12 Years In April

. A shopper wearing a face mask due to the coronavirus disease (COVID-19) pandemic browses toys at a Target store in King of Prussia, Pennsylvania U.S. November 20, 2020. /Mark MakelaBy Lucia Mutikani WASHINGTON U.S. consumer prices increased by the most in nearly 12 years in April as booming demand amid a reopening economy pushed against supply constraints, w

12 May

U.S. money markets bet on a full rate hike by end-2022

U.S. Money Markets Bet On A Full Rate Hike By End-2022

. A picture illustration shows U.S. 100-dollar bank notes taken in Tokyo August 2, 2011. /Yuriko Nakao/File PhotoLONDON U.S. money markets on Wednesday moved fully to price in a quarter point U.S. interest rate increase by end-2022 after stronger-than-expected inflation. Eurodollar futures contracts expiring in December 2022 now price in 25 bps in rate increa

12 May

U.S. consumer prices post biggest gain in nearly 12 years as inflation pressures build

U.S. Consumer Prices Post Biggest Gain In Nearly 12 Years As Inflation Pressures Build

. A shopper wearing a face mask due to the coronavirus disease (COVID-19) pandemic browses toys at a Target store in King of Prussia, Pennsylvania U.S. November 20, 2020. /Mark MakelaBy Lucia Mutikani WASHINGTON -U.S. consumer prices increased by the most in nearly 12 years in April as booming demand amid a reopening economy pushed against supply constraints, wh

12 May

Consumer Prices in U.S. Increase by Most Since 2009

Consumer Prices In U.S. Increase By Most Since 2009

. Shoppers wear protective masks inside the Glendale Galleria shopping mall in Glendale, California, U.S., on Thursday, May 6, 2021. Los Angeles County and San Francisco County have reached a threshold to enter California’s most lenient yellow Covid-19 tier this week, setting the stage for the economy to be unshackled to the widest extent currently possible. Photographer: Bing Guan/Bloo

12 May

U.S. Inflation Surges to 13-Year High of 4.2%

U.S. Inflation Surges To 13-Year High Of 4.2%

. By Geoffrey Smith  -- U.S. inflation surged to its highest rate since the eve of the 2008 financial crisis in April, as last year's collapse in oil prices and a nascent economic recovery combined to generate the kind of number that many market participants have feared.The consumer price index rose 4.2% from a year ago, according to government data released on Wednesday, well above consen

12 May

U.S. consumer prices surge in April

U.S. Consumer Prices Surge In April

. A shopper wearing a face mask due to the coronavirus disease (COVID-19) pandemic browses toys at a Target store in King of Prussia, Pennsylvania U.S. November 20, 2020. /Mark MakelaWASHINGTON U.S. consumer prices increased more than expected as booming demand amid a reopening economy pushed against supply constraints, which could fuel financial market fears

12 May

China's April auto sales rise 8.6%, up for 13th straight month

China's April Auto Sales Rise 8.6%, Up For 13th Straight Month

. An employee works on an assembly line at an automobile factory of SAIC Motor in Shanghai in this April 20, 2012. /Aly SongBEIJING Vehicle sales in China rose 8.6% in April versus the same month a year earlier, their 13th consecutive month of gains, industry data showed on Wednesday, as the world's biggest car market leads the sector's recovery from the COVID

12 May

UK economy, gearing up for recovery, grows more than expected in March

UK Economy, Gearing Up For Recovery, Grows More Than Expected In March

. A person walks past a closed shopfront on Oxford Street, as official figures are published for UK GDP in 2020, London, Britain, February 12, 2021. /Toby MelvilleLONDON -Britain's economy grew by a stronger-than-expected 2.1% in March from February, gathering speed for what is expected to be a sharp bounce-back this year after its deep coronavirus slump of 2020

11 May

U.S. job openings hit record high in March

U.S. Job Openings Hit Record High In March

2/2Reuters. Construction workers wait in line to do a temperature test to return to the job site after lunch, amid the coronavirus disease (COVID-19) outbreak, in the Manhattan borough of New York City, New York, U.S., November 10, 2020. /Carlo All 2/2By Lucia Mutikani WASHINGTON U.S. job openings surged to a record high in March, further evidence that a shortage of

11 May

U.S. job openings vault to record high in March

U.S. Job Openings Vault To Record High In March

. Construction workers wait in line to do a temperature test to return to the job site after lunch, amid the coronavirus disease (COVID-19) outbreak, in the Manhattan borough of New York City, New York, U.S., November 10, 2020. /Carlo AllBy Lucia Mutikani WASHINGTON U.S. job openings surged to a record high in March while hiring lagged, further evidence that a

11 May

U.S. consumers expect near-term inflation bump, medium-term outlook steady

U.S. Consumers Expect Near-term Inflation Bump, Medium-term Outlook Steady

. A customer counts his cash at the register while purchasing an item at a Best Buy store in Flushing, New York March 27, 2010. U.S. consumer spending rose as expected in February for the fifth straight month, while stagnant incomes pushed savinU.S. consumers expect housing prices and other costs to rise in the near term as the economy recovers from the crisis caused

11 May

German insolvencies fall further, new cases also ease

German Insolvencies Fall Further, New Cases Also Ease

. The Berlin skyline is seen, during the spread of coronavirus disease (COVID-19) in Berlin, Germany, April 1, 2020. /Michele TantussiBERLIN -Corporate insolvencies in Germany fell by 21.8% on the year in February, the Federal Statistics Office said on Tuesday, continuing a downtrend since the introduction of a waiver at the start of the pandemic. Germany let fi

11 May

German insolvencies fall further in February

German Insolvencies Fall Further In February

. The Berlin skyline is seen, during the spread of coronavirus disease (COVID-19) in Berlin, Germany, April 1, 2020. /Michele TantussiBERLIN Corporate insolvencies in Germany fell by 21.8% on the year in February, the Federal Statistics Office said on Tuesday, continuing a downtrend that saw them hit their lowest level since 1999 last year thanks to a waiver d

11 May

China's factory-gate prices surge, but CPI growth still modest

China's Factory-gate Prices Surge, But CPI Growth Still Modest

. A worker wearing a face mask works on a production line manufacturing bicycle steel rim at a factory, as the country is hit by the novel coronavirus outbreak, in Hangzhou, Zhejiang province, China March 2, 2020. China Daily via REUTERSBy Stella Qiu and Ryan Woo BEIJING -China's factory gate prices rose at the fastest rate in three and a half years in April as the wor

11 May

Chinese Producer Prices Surge, but Consumer Prices Slow Down, Over Inflation

Chinese Producer Prices Surge, But Consumer Prices Slow Down, Over Inflation

. By Gina – China’s producer price jumped in April, but consumer inflation saw modest gains, as soaring commodity prices increased concerns about inflation.Data from the National Bureau of Statistics (NBS) said that China’s producer price index (PPI) grew 6.8% year-on-year in April, the highest since October 2017. It exceeded the 6.5% growth in forecasts prepared by and March’s 4.

11 May

Chinese Producer Prices Surge, bur Consumer Prices Slow Down, Over Inflation

Chinese Producer Prices Surge, Bur Consumer Prices Slow Down, Over Inflation

. By Gina – China’s producer price jumped in April, but consumer inflation saw modest gains, as soaring commodity prices increased concerns about inflation.Data from the National Bureau of Statistics (NBS) said that China’s producer price index (PPI) grew 6.8% year-on-year in April, the highest since October 2017. It exceeded the 6.5% growth in forecasts prepared by and March’s 4.

11 May

China's factory-gate prices surge at fastest in over 3 years

China's Factory-gate Prices Surge At Fastest In Over 3 Years

. A worker wearing a face mask works on a production line manufacturing bicycle steel rim at a factory, as the country is hit by the novel coronavirus outbreak, in Hangzhou, Zhejiang province, China March 2, 2020. China Daily via REUTERSBy Stella Qiu and Ryan Woo BEIJING -China's factory gate prices rose at the fastest rate in three and a half years in April, data show

11 May

China’s Producer Prices Surge Alongside Soaring Commodities

China’s Producer Prices Surge Alongside Soaring Commodities

. China’s Producer Prices Surge Alongside Soaring Commodities -- China’s factory-gate prices surged more than expected in April, supported by gains in commodity prices and a low base of comparison from last year, while consumer inflation remained relatively subdued.The producer price index rose 6.8% from a year earlier, the highest since October 2017, following a 4.4% gain in

11 May

China's factory-gate prices surge by most in over 3 years

China's Factory-gate Prices Surge By Most In Over 3 Years

. A worker wearing a face mask works on a production line manufacturing bicycle steel rim at a factory, as the country is hit by the novel coronavirus outbreak, in Hangzhou, Zhejiang province, China March 2, 2020. China Daily via REUTERSBEIJING -China's factory gate prices rose at the fastest rate in three and a half years in April, official data showed on Tuesday, as

11 May

China's factory-gate prices surge by most in over three years

China's Factory-gate Prices Surge By Most In Over Three Years

. A worker wearing a face mask works on a production line manufacturing bicycle steel rim at a factory, as the country is hit by the novel coronavirus outbreak, in Hangzhou, Zhejiang province, China March 2, 2020. China Daily via REUTERSBEIJING China's factory gate prices rose at the fastest rate in three and a half years during April, official data showed on Tuesday

11 May

U.S. Treasury opens $350 billion in COVID aid, some states won't get full funds for a year

U.S. Treasury Opens $350 Billion In COVID Aid, Some States Won't Get Full Funds For A Year

. A family's stimulus check from the U.S. Treasury for the coronavirus disease (COVID-19) aid arrived in the mail in Milton, Massachusetts, U.S., March 25, 2021. /Brian SnyderBy David Lawder WASHINGTON The U.S. Treasury on Monday opened access to $350 billion in COVID-19 aid for state, local, tribal and territorial governments, but 30 states with faster-recove

11 May

Japan March household spending posts biggest monthly rise in 18 months

Japan March Household Spending Posts Biggest Monthly Rise In 18 Months

. A man wearing a protective face mask, amid the coronavirus disease (COVID-19) pandemic, makes his way at a local shopping street in Tokyo, Japan, May 5, 2021. /Kim Kyung-HoonBy Daniel Leussink TOKYO Japan's household spending posted its biggest monthly gain in 18 months in March, data showed on Tuesday, as consumer demand rebounded strongly from the heavy bl