Economic Indicators News

. 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.

. 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

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

. 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

. 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

. 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

. 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

. 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

. 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

. 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

. 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

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

. 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

. 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

. 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

. 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

. 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

. 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.

. 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.

. 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

. 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

. 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

. 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

. 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

. 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