Economic Indicators News

BERLIN The German government expects Europe's largest economy to slide into recession in the third quarter, Der Spiegel magazine reported on Friday.The government forecasts output will contract slightly in the July-September period as it did in the second quarter, the magazine said, citing an internal document from the chancellery.German output fe

-1/ G7: AGREEING TO DISAGREEHas there been a time in recent decades when the Western world was so divided? Trade, climate change, exchange rates, government spending, Brexit, dealings with China, Iran and Russiathere doesn't seem to be an issue that all members of the wealthy G7 group of nations agree on. So far apart are their views that the Aug

By Virginia Furness and Tommy WilkesLONDON Volatile sterling and the prospect of a damaging no-deal Brexit aren't hurting demand for British government bonds among foreign money managers, who are betting the debt will outperform if the UK does end up making a disorderly exit from the European Union.The rally in British debt since June has halved y

German economy is not in recession, ministry says, after second-quarter contraction BERLIN Germany is not in recession, a spokeswoman for the Economy Ministry said on Friday, after Europe's largest economy contracted by 0.1% in the second quarter.A technical recession is normally defined as at least two quarters of contraction in a row."We are not

By Abhirup Roy and Alexandra UlmerMUMBAI When Prime Minister Narendra Modi was re-elected in May with a sweeping majority, Indian stock markets jumped to all-time highs as investors anticipated big bang pro-business reforms to revive a flagging economy.But sentiment is souring in the country's boardrooms after a much-anticipated budget in July fai

. German Industry Is Being Battered By a Perfect Storm -- Deep in Europe’s manufacturing core, a German company is taking radical steps to cope with a perfect storm that has sent traditional economic pillars into a tailspin and put the country on the verge of recession.Huebner GmbH -- a 73-year-old supplier of rubber and plastics that employs 3,300 peop

By Leika KiharaTOKYO Japan's factory output likely staged only a modest rebound in July from the previous month's tumble, a poll showed, a sign U.S.-China trade frictions and slowing global demand will continue to weigh on the export-reliant economy.A poll of 15 economists showed industrial output likely rose 0.3% in July from the

U.S. business borrowing for equipment rises 15% in July: ELFA U.S. companies' borrowing to spend on capital investments rose 15% in July from a year earlier, the Equipment Leasing and Finance Association (ELFA) said on Thursday.Companies signed up for $9.4 billion in new loans, leases and lines of credit last month, up from $8.2 billion a year earl

Primary dealers get record low share of U.S. 30-year TIPS supply NEW YORK The U.S. Treasury Department on Thursday awarded primary dealers their smallest ever share of 30-year Treasury Inflation Protected Securities at an auction as investors took majority of the supply, Treasury data showed. Primary dealers, or the top 24 Wall Street firms that d

Kansas City factory index hits lowest since March 2016 The Kansas City Federal Reserve said on Thursday its gauge on regional manufacturing activity fell deeper into negative territory to a level not seen in more than three years, because of worries about the U.S.-China trade conflict.The regional central bank's composite manufacturing index fell t

. A home is seen in the Penn Estates development where most of the homeowners are underwater on their mortgages in East Straudsburg Borrowing costs on U.S. 30-year and 15-year fixed-rate mortgages fell to their lowest levels since November 2016, in line with the recent decline in bond yields because of trade and recession fears, Freddie Mac said on Thursd

U.S. factory sector contracts for first time in a decade: IHS Markit NEW YORK U.S. manufacturing industries recorded their first month of contraction in almost a decade amid concern about whether the U.S.-China trade conflict would tip the economy into a recession, a private survey showed on Thursday.IHS Markit said its "flash" or preliminary measu

Borrowing costs on U.S. 30-year fixed-rate mortgages fell to their lowest level since November 2016 in line with the recent decline in bond yields because of trade and recession fears, Freddie Mac said on Thursday.The interest rates on 30-year mortgages averaged 3.55% in the week ended Aug. 22, down from 3.60% a week earlier and 4.51% a year ago,

. FILE PHOTO: Job seekers wait to talk to recruiters at the Colorado Hospital Association job fair in Denver By Jason Lange WASHINGTON The number of Americans filing applications for unemployment benefits fell sharply last week, suggesting the labor market was holding firm despite a manufacturing slowdown and concerns the economy is on a path toward reces

. People shopping on Oxford Street in central London LONDON British retail sales plunged in August at the fastest pace since December 2008, according to a survey published on Thursday that added to signs of a slowing economy ahead of Brexit in just over two months' time. The Confederation of British Industry's gauge of retailersor the difference betwee

. ECB Saw Need to Counter Doubt Over Ability to Hit Inflation Goal -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. European Central Bank officials expressed concern at their latest policy meeting that some observers doubted their ability to restore price stability, prompting the Governing Council to

LONDON, Aug 22 British retail sales plunged in August at the fastest pace since December 2008, according to a survey that will raise further questions about the economy's strength ahead of Brexit in October.The Confederation of British Industry's monthly gauge of retailers fell to -49 in August from -16 in July, the second weakest reading since re

BERLIN Germany's private sector continued to struggle in August as a manufacturing recession dragged on and activity in the services sector eased slightly, a survey showed on Thursday, suggesting Europe's largest economy is heading for a recession.Markit's flash composite Purchasing Managers' Index (PMI), which tracks the manufacturing and service

By Rahul KarunakarBENGALURU Euro zone business growth picked up a touch in August, helped by brisk services activity and as manufacturing contracted at a slower pace, but trade war fears knocked future expectations to their weakest in over six years, a survey showed.Despite increasing worries about a global slowdown, the U.S. and China have shown

-- Hong Kong stocks are poised for their worst quarter since 2015 and corporate earnings are unlikely to save them.After a sell-off erased more than $600 billion from the city’s equities, attractive valuations stood as a potential bright spot. But those multiples don’t look so good when analysts keep slashing their profit forecasts for 2019. T

TOKYO Japanese manufacturing activity shrank for a fourth straight month in August as export orders fell at a sharper pace, a preliminary business survey showed on Thursday.But services sector activity expanded at the fastest pace in nearly two years, suggesting resilient domestic demand is continuing to offset some of the strong external pressure

LONDON Major British employers gave average pay rises of 2.6% to staff in the three months to July, the highest pace of increase in more than 10 years, data from industry consultants XpertHR showed on Thursday.Annual pay settlements in Britain began to rise roughly a year ago as the lowest unemployment rate since the mid-1970s put pressure on empl

BERLIN The German economy is facing increased headwinds from abroad and this is fuelling business uncertainty, the finance ministry said on Thursday, adding that the so far robust labor market is showing first signs of cooling.Export-oriented manufacturers in Europe's largest economy are suffering from weaker foreign demand, growing trade tensions

By Richard LeongMortgage rates are at a three-year low and housing price appreciation has cooled, but many Americans seeking to buy their first home are facing tough times.Why? There just aren't enough homes for sale.Developers have struggled to build enough new homes, especially at entry-level prices, because of land and labor shortages and risin

. Federal Reserve policymakers highlighted concerns about slowing global growth and trade tensions as headwinds, but stopped short of suggesting that a series of rate cuts should follow, according to the minutes of the Federal Reserve’s July meeting released Wednesday. "Most participants viewed a proposed quarter-point policy easing at this meeting as part of a