Economic Indicators News

Economic Indicators News

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21 Jan

Biden tells mayors to spend COVID aid to boost workforces, job training

Biden Tells Mayors To Spend COVID Aid To Boost Workforces, Job Training

4/4Reuters. U.S. President Joe Biden makes remarks during the U.S. Conference of Mayors 90th Winter Meeting in Washington, U.S., January 21, 2022. /Jonathan Ernst2/4By David Lawder WASHINGTON President Joe Biden called on U.S. mayors on Friday to use more of their state and local COVID-19 aid funds to boost worker training and pay child care workers, moves that could increase th

21 Jan

Brazil government to veto 3.1 billion reais in budget items to fund payroll -sources

Brazil Government To Veto 3.1 Billion Reais In Budget Items To Fund Payroll -sources

. 200 reais note are seen after Brazil's Central Bank issues the new note in Brasilia, Brazil September 2, 2020. /Adriano Machado/File PhotoBy Marcela Ayres and Bernardo Caram BRASILIA Brazil's government will veto 3.1 billion reais ($568 million) in discretionary expenditures and congressional appropriations in the 2022 budget to allow those funds to be spent

21 Jan

German govt to cut 2022 growth forecast to 3.6% - draft

German Govt To Cut 2022 Growth Forecast To 3.6% - Draft

2/2Reuters. People with protective face masks walk at Kurfurstendamm shopping boulevard, amid the coronavirus disease (COVID-19) outbreak in Berlin, Germany, December 5, 2020. /Fabrizio Bensch2/2By Christian Kraemer and Holger Hansen BERLIN -The German government will cut its economic growth forecast for this year to 3.6% from its October estimate of 4.1%, according to

21 Jan

German government forecasts 2022 inflation at 3.3%

German Government Forecasts 2022 Inflation At 3.3%

. Shoppers wear mask and fill Cologne's main shopping street Hohe Strasse (High Street) in Cologne, Germany, 12, December, 2020. /Wolfgang RattayBERLIN The German government expects inflation to reach 3.3% on average this year, after skyrocketing to 3.1% in 2021, according to a draft of the annual economic report seen by . The government is still foreca

21 Jan

German govt to cut 2022 growth forecast to 3.6% - sources

German Govt To Cut 2022 Growth Forecast To 3.6% - Sources

. People with protective face masks walk at Kurfurstendamm shopping boulevard, amid the coronavirus disease (COVID-19) outbreak in Berlin, Germany, December 5, 2020. /Fabrizio BenschBERLIN -The German government will cut its economic growth forecast for this year to 3.6% from its October estimate of 4.1%, two sources familiar with the matter told on Frid

21 Jan

Canada Dec retail sales seen down as COVID restrictions bite

Canada Dec Retail Sales Seen Down As COVID Restrictions Bite

2/2Reuters. A shopper exits a store holding multiple shopping bags in Sherway Gardens mall during the stage two reopening from coronavirus disease (COVID-19) restrictions in Toronto, Ontario, Canada June 30, 2021. /Alex Filipe/File Photo2/2By David Ljunggren OTTAWA Canadian retail sales most likely fell by 2.1% in December as authorities imposed restrictions to fight

21 Jan

Japan's inflation hovers around 2-year high, BOJ flags price pressure

Japan's Inflation Hovers Around 2-year High, BOJ Flags Price Pressure

. A shopper looks at items at a supermarket in Tokyo February 26, 2015. /Yuya ShinoBy Kantaro Komiya and Leika Kihara TOKYO Japan's core consumer prices rose 0.5% in December from a year earlier, increasing for a second month in a row at the fastest pace in nearly two years in a sign of broadening inflationary pressure from rising fuel and raw material costs.

21 Jan

Biden to urge mayors to spend more COVID aid to build workforces -official

Biden To Urge Mayors To Spend More COVID Aid To Build Workforces -official

. U.S. President Joe Biden holds a formal news conference in the East Room of the White House, in Washington, D.C., U.S., January 19, 2022. /Kevin Lamarque/File PhotoBy David Lawder WASHINGTON President Joe Biden will urge U.S. mayors on Friday to use more of their state and local COVID-19 aid funds to expand their workforces, a White House official said, an e

20 Jan

Graphic: Five ways the U.S. housing market stood apart in 2021

Graphic: Five Ways The U.S. Housing Market Stood Apart In 2021

. New townhomes are seen in a subdivision while building material supplies are in high demand in Tampa, Florida, U.S., May 5, 2021. /Octavio Jones By Dan Burns The market for existing U.S. homes softened unexpectedly in December, but 2021 still wrapped up with the strongest annual sales in 15 years, data from the National Association of Realtors out Thursday showed. Here

20 Jan

U.S. weekly jobless claims at three-month high; seen trending down as Omicron subsides

U.S. Weekly Jobless Claims At Three-month High; Seen Trending Down As Omicron Subsides

. Signage for a job fair is seen on 5th Avenue after the release of the jobs report in Manhattan, New York City, U.S., September 3, 2021. /Andrew KellyBy Lucia Mutikani WASHINGTON The number of Americans filing new claims for unemployment benefits jumped to a three-month high last week, likely as a winter wave of COVID-19 infections disrupted business activity, which coul

20 Jan

U.S. existing home sales tumble in December

U.S. Existing Home Sales Tumble In December

WASHINGTON U.S. home sales tumbled in December as higher prices amid record low inventory continued to shut out some first-time buyers. Existing home sales dropped 4.6% to a seasonally adjusted annual rate of 6.18 million units last month, the National Association of Realtors said on Thursday. Sales fell across all regions. Economists polled by had forecast sales would fall to

20 Jan

U.S. weekly jobless claims rise to three-month high

U.S. Weekly Jobless Claims Rise To Three-month High

. Signage for a job fair is seen on 5th Avenue after the release of the jobs report in Manhattan, New York City, U.S., September 3, 2021. /Andrew KellyBy Lucia Mutikani WASHINGTON -The number of Americans filing new claims for unemployment benefits jumped to a three-month high, likely as a winter wave of COVID-19 infections disrupted business activity, which could constrain

20 Jan

U.S. Jobless Claims Surge to Three-Month High on Omicron Impact

U.S. Jobless Claims Surge To Three-Month High On Omicron Impact

. A worker assembles furniture at a wood shop in Auburn, Kentucky. Photographer: Luke Sharrett/ -- Applications for U.S. state unemployment insurance surged last week to a three-month high, suggesting that the omicron variant is having a bigger impact on the labor market.Initial unemployment claims increased by 55,000 to 286,000 in the week ended Jan. 15, Labor Departm

20 Jan

U.S. weekly jobless claims increase amid Omicron surge

U.S. Weekly Jobless Claims Increase Amid Omicron Surge

. Signage for a job fair is seen on 5th Avenue after the release of the jobs report in Manhattan, New York City, U.S., September 3, 2021. /Andrew KellyWASHINGTON The number of Americans filing new claims for unemployment benefits unexpectedly rose last week, likely as a winter wave of COVID-19 infections disrupted business activity, which could constrain job growth this m

20 Jan

Global energy transition to cause short-term economic pain -report

Global Energy Transition To Cause Short-term Economic Pain -report

. Power-generating windmill turbines are seen behind a church in the village of Inchy-en-Artois, France, November 1, 2021. /Pascal RossignolWASHINGTON The transition to clean energy required to prevent temperatures from rising swiftly could shave 2% off global GDP by 2050 but is likely recoverable before the end of the century, a report by natural resources consultancy Wo

20 Jan

German producer prices register record 24.2% jump in December

German Producer Prices Register Record 24.2% Jump In December

. A technician works in the assembly line of German carmaker Volkswagen's electric ID. 3 car in Dresden, Germany, June 8, 2021. /Matthias RietschelBERLIN German producer prices rose 24.2% year on the year in December, with the record annual jump driven by higher energy prices, official data showed on Thursday.The jump from the previous December was the largest

20 Jan

Taiwan December export orders hit record high, warns on supply chains

Taiwan December Export Orders Hit Record High, Warns On Supply Chains

. Cargo cranes are seen moving containers at a container yard in Keelung, Taiwan, November 18, 2020. /Ann WangTAIPEI -Taiwan's export orders grew faster than expected in December to a record high due to sustained technology demand, but the government warned of supply chain uncertainty that could affect the outlook. Taiwan's export orders, a bellwether of global

20 Jan

Japan's Dec exports, imports hit record high by value as supply bottlenecks ease

Japan's Dec Exports, Imports Hit Record High By Value As Supply Bottlenecks Ease

. Shipping containers are seen at a port in Tokyo, Japan, March 22, 2017. /Issei KatoBy Kantaro Komiya TOKYO -Japan's exports and imports in December hit record highs in terms of their value in yen, data showed on Thursday, as supply bottlenecks eased at the end of 2021 amid rising prices. However, a persistent semiconductor shortage remained a headache for Japanese firms s

20 Jan

Australia jobless number dives to lowest since 2008 as case builds for rate rise

Australia Jobless Number Dives To Lowest Since 2008 As Case Builds For Rate Rise

. A worker adjusts the electrical wiring of traffic lights in central Sydney, Australia, June 16, 2017. /Steven SaphoreBy Wayne Cole SYDNEY -Australian employment raced ahead in December as the jobless rate fell to its lowest point since 2008, showing strength that should help the economy weather the current surge in coronavirus cases across the country. Data fr

20 Jan

Australia jobs surge again in Dec, unemployment lowest since 2008

Australia Jobs Surge Again In Dec, Unemployment Lowest Since 2008

. A worker adjusts the electrical wiring of traffic lights in central Sydney, Australia, June 16, 2017. /Steven SaphoreSYDNEY Australian employment raced past expectations in December as the jobless rate fell to the lowest since 2008, resounding strength that should help the economy weather the current surge in coronavirus cases across the country. Data from t

19 Jan

Analysis-Biden must tighten focus on economy, pandemic before midterms, Democrats say

Analysis-Biden Must Tighten Focus On Economy, Pandemic Before Midterms, Democrats Say

. U.S. President Joe Biden holds a formal news conference in the East Room of the White House, in Washington, D.C., U.S., January 19, 2022. /Kevin LamarqueBy James Oliphant WASHINGTON With his party splintered and Democrats across the coalition that elected him in 2020 unhappy, President Joe Biden has just a few months to try to chart a path out of the malaise or risk get

19 Jan

Multi-family housing boosts U.S. homebuilding; supply constraints seen unrelenting

Multi-family Housing Boosts U.S. Homebuilding; Supply Constraints Seen Unrelenting

. Residential single family homes construction by KB Home are shown under construction in the community of Valley Center, California, U.S. June 3, 2021. /Mike BlakeBy Lucia Mutikani WASHINGTON U.S. homebuilding rose to a nine-month high in December amid a surge in multi-family housing projects, but soaring prices for materials after the government nearly doubl

19 Jan

UK sees highest inflation since 1992, pressuring BoE and households

UK Sees Highest Inflation Since 1992, Pressuring BoE And Households

2/2Reuters. People carrying bags walk down the stairs outside the Westfield Stratford City shopping centre, amid the coronavirus disease (COVID-19) outbreak in London, Britain, December 5, 2020. /Henry Nicholls2/2By David Milliken and Andy Bruce LONDON -Inflation in Britain rose faster than expected to its highest in nearly 30 years in December, intensifying a squeeze

19 Jan

Canadian inflation hits 30-year high, boosting chance of early rate hike

Canadian Inflation Hits 30-year High, Boosting Chance Of Early Rate Hike

. A shopper exits a store holding multiple shopping bags in Sherway Gardens mall during the stage two reopening from coronavirus disease (COVID-19) restrictions in Toronto, Ontario, Canada June 30, 2021. /Alex FilipeBy Julie Gordon OTTAWA -Canada's annual inflation rate accelerated in December to hit a 30-year high, data showed on Wednesday, bolstering expectati

19 Jan

Multi-family housing boosts U.S. homebuilding, permits in December

Multi-family Housing Boosts U.S. Homebuilding, Permits In December

. Residential single family homes construction by KB Home are shown under construction in the community of Valley Center, California, U.S. June 3, 2021. /Mike BlakeBy Lucia Mutikani WASHINGTON -U.S. homebuilding increased to a nine-month high in December amid a surge in multi-family housing projects, but soaring prices for materials after the government nearly d