Economic Indicators News

WASHINGTON U.S. Midwest manufacturing unexpectedly surged in September, with new orders and production recovering strongly from coronavirus-related shutdowns, a regional purchasing managers' survey showed on Wednesday. The Chicago Business Barometer's headline index jumped to 62.4 in September, its highest level since December of 2018 and well ab

. Miami-Dade County eases some of the lockdown measures put in place during the coronavirus disease outbreak By Lucia Mutikani WASHINGTON U.S. private employers stepped up hiring in September, but diminishing government financial assistance and a resurgence in new COVID-19 cases in some parts of the country could slow the labor market's recovery from the

Leisure, Hospitality Fared Worst in U.S. Second-Quarter Slump -- The pandemic recession -- and the widespread U.S. business closures it spawned -- weighed on nearly all industries, as restaurants, hotels and entertainment businesses fared the worst.U.S. gross domestic product shrank at a 31.4% annualized rate in the second quarter, the Commerce Department

2/2Reuters. Workers guide equipment at a condominium development in Calgary 2/2 By Julie Gordon OTTAWA The Canadian economy continued to expand in July and August, clawing back from a steep drop due to the coronavirus pandemic, though the pace of growth slowed through the summer, Statistics Canada data and estimates showed on Wednesday

. Home for sale sign hangs in front of a house in Oakton, on the day the National Association of Realtors issues its Pending Home Sales for February report, in Virginia WASHINGTON Contracts to buy U.S. previously owned homes surged to a record high in August, suggesting housing market activity was gathering speed amid record-low mortgage rates. The Nation

. Miami-Dade County eases some of the lockdown measures put in place during the coronavirus disease outbreak By Lucia Mutikani WASHINGTON U.S. private employers stepped up hiring in September, but diminishing government financial assistance and a resurgence in new COVID-19 cases in some parts of the country could slow the labor market's recovery from the

By Noreen -- The U.S. private sector added 749,000 jobs in the month through mid-September, according to a report by payrolls processor ADP, a bigger-than-expected number that strengthened hopes that the labor market can hold up in the face of a seasonal increase in Covid-19 cases.Analysts polled by had expected the private sector to have added 650,000 jobs

. Miami-Dade County eases some of the lockdown measures put in place during the coronavirus disease outbreak WASHINGTON U.S. private employers stepped up hiring in September, but diminishing government financial assistance and a resurgence in new COVID-19 cases in some parts of the country could slow the labor market's recovery from the pandemic. Private

2/2Reuters. Closed luxury retail stores on 5th Avenue in Manhattan during the outbreak of the coronavirus disease (COVID-19) in New York 2/2 WASHINGTON The U.S. economy suffered its sharpest contraction in at least 73 years in the second quarter because of the disruptions from the coronavirus, the government confirmed on Wednesday. Gro

. Phase 2 of the reopening from the coronavirus disease (COVID-19) restrictions in Toronto Sept 30 The Canadian economy grew by 3.0% in July, the third consecutive monthly gain following the steep drop in economic activity caused by the coronavirus pandemic, Statistics Canada said on Wednesday. Economic growth is expected to slow to 1.0% in Au

. Outbreak of the coronavirus disease (COVID-19) near Bonn By Michael Nienaber BERLIN German retail sales rose much more than expected in August and unemployment fell further in September, boosting hopes that household spending in Europe's largest economy will power a strong recovery in the third quarter from the coronavirus shock. The upbeat

2/2Reuters. People wearing protective face coverings walk past an empty retail unit following the outbreak of the coronavirus disease (COVID-19), in Manchester, Britain 2/2 By David Milliken and William Schomberg LONDON Britain suffered a record collapse in economic output in the second quarter of 2020 when COVID-19 lockdown measures w

3/3Reuters. Claire Tomlinson and her partner Ricky Collier pose for a portrait in Sandbach 2/3 By Andy Bruce LONDON Claire Tomlinson dreams of buying a three-bedroom house in the leafy northern English town of Sandbach but now finds herself priced out of the market, a story that is becoming all too familiar in Britain in the pandemic e

. People wearing protective face coverings walk past an empty retail unit following the outbreak of the coronavirus disease (COVID-19), in Manchester, Britain LONDON Britain's economy shrank by a record 19.8% in the second quarter of 2020 when COVID-19 lockdown measures were in force, a slightly smaller decline than an initial estimate of a 20.4% fall in

. Cars drive past the King Abdullah Financial District in Riyadh By Davide Barbuscia DUBAI Saudi Arabia's economy shrank by 7% in the second quarter, a sign of how deeply the new coronavirus hit both the oil and non-oil sectors, official data showed on Wednesday. The world’s largest oil exporter is facing a deep recession after the COVID-19 pandemic cur

. A customer pushes a shopping trolley on an escalator at the Bercy shopping centre in Charenton Le Pont, near Paris PARIS French consumer prices were flat in September over a twelve month period, preliminary EU-harmonised data showed on Wednesday, as a sharp fall in the cost of energy offset higher food and tobacco prices.The INSEE statistic agency's flas

. Outbreak of the coronavirus disease (COVID-19) near Bonn By Michael Nienaber BERLIN German retail sales rose much more than expected in August, data showed on Wednesday, raising hopes that household spending in Europe's largest economy will power a strong recovery in the third quarter from the coronavirus shock. Chancellor Angela Merkel and

. By Gina – The Chinese economy continues its path toward recovery from the COVID-19 pandemic, but nagging unemployment and rising U.S.-China tensions could prove to be roadblocks to that recovery.Data released earlier in the day by the National Bureau of Statistics (NBS) showed that official purchasing managers indexes (PMIs) for September remained above the 50-

. China’s Factory Outlook Brightens on Signs of Solid Recovery -- An official gauge of activity in China’s manufacturing gained in September on stronger production and orders, suggesting the recovery momentum remained solid, while activity in the services sector also strengthened.The manufacturing purchasing managers’ index in September rose to 51.5

. Employees work on a production line manufacturing metal parts for furniture at a factory in Hangzhou By Gabriel Crossley BEIJING China's factory activity extended solid growth in September, twin surveys showed, as the nation's crucial exports engine revved up on improving overseas demand and underlined a steady economic recovery from the coronavirus sho

. Employees work on a production line manufacturing metal parts for furniture at a factory in Hangzhou BEIJING China's factory activity expanded at a faster pace in September thanks to a return to exports growth after several months of shrinking sales, bolstering a steady recovery for the economy as it rebounds from the coronavirus shock. The official man

BEIJING Activity in China's services sector expanded at a faster pace in September, official data showed on Wednesday, as demand across the economy continues to recover from a coronavirus-induced slump. The official non-manufacturing Purchasing Managers' Index (PMI) rose to 55.9 from 55.2 in August, data from the National Bureau of Statistics (N

. The Oculus transportation hub rises towards One World Trade in New York By Hari Kishan and Richa Rebello BENGALURU U.S. house prices will continue to surge well into next year and beyond, outpacing inflation and the overall economy, a poll of property analysts found, making it a bright spot against an otherwise gloomy economic backdrop. In a sta

. Workers wearing protective face masks are seen along the assembly line, amid the coronavirus disease (COVID-19) outbreak, at Marelli's factory in Ora Town By Daniel Leussink TOKYO Japan's factory output rose for the third straight month in August, in a positive sign for manufacturers as economic activity gradually recovered further from the

. The Oculus transportation hub rises towards One World Trade in New York By Hari Kishan and Richa Rebello BENGALURU U.S. house prices will continue to surge well into next year and beyond, outpacing inflation and the overall economy, a poll of property analysts found, making it a bright spot against an otherwise gloomy economic backdrop. In a sta