Economic Indicators News

Economic Indicators News

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25 Feb

St James's Place targets 200 billion stg in funds by end-2025 as profit jumps

St James's Place Targets 200 Billion Stg In Funds By End-2025 As Profit Jumps

By Muvija M St. James's Place expects funds under management to surge more than 50% to top 200 billion pounds ($283 billion) by the end of 2025 as low savings rates and an ageing population boost demand for the British wealth manager's services. The forecast came as the company posted a 75% surge in 2020 pretax profit, with funds under managemen

25 Feb

Brazil's public debt hits new high of 5.06 trln reais in January

Brazil's Public Debt Hits New High Of 5.06 Trln Reais In January

. 200 reais note are seen after Brazil's Central Bank issues the new note in Brasilia By Jamie McGeever BRASILIA Brazil's record public debt pile rose further above 5 trillion reais in January, while rock-bottom interest rates continued to anchor the cost of servicing it near all-time lows, data showed on Wednesday. Total federal debt rose 1% in January t

25 Feb

German consumer morale improves more than expected heading into March: GfK

German Consumer Morale Improves More Than Expected Heading Into March: GfK

. The spread of the coronavirus disease (COVID-19) in Germany BERLIN German consumer morale brightened more than expected heading into March as shoppers in Europe's largest economy became more upbeat that a lockdown to contain the COVID-19 pandemic could be eased soon, a survey showed on Thursday. The GfK research institute said its consumer s

25 Feb

Hong Kongers snap up UK homes and do what they excel at: being landlords

Hong Kongers Snap Up UK Homes And Do What They Excel At: Being Landlords

. A "help to buy" sign is pictured next to new houses in Aylesbury By Clare Jim and William James HONG KONG Hong Kong residents are buying more houses and apartments to lease out for income in Britain, property agents say, a trend that coincides with what many expect to be a wave of emigration after China passed a national security law last ye

24 Feb

Financial firms raise U.S. GDP growth estimates on stimulus bets

Financial Firms Raise U.S. GDP Growth Estimates On Stimulus Bets

. People shop on 5th Avenue in New York By Stephen Culp Several major financial firms have upped their forecasts for U.S. economic growth based on expectations that President Joe Biden's proposed $1.9 trillion COVID-19 relief bill will come to fruition and bolster the recovery from pandemic-related shutdowns. Biden's package, on top of a nearly $900 bill

24 Feb

U.S. new home sales blow past expectations in January

U.S. New Home Sales Blow Past Expectations In January

2/2Reuters. A home under construction stands behind a "sold" sign in a new development in York County, South Carolina 2/2 By Lucia Mutikani WASHINGTON Sales of new U.S. single-family homes increased more than expected in January, boosted by historically low mortgage rates and an acute shortage of previously owned houses on the market.

24 Feb

Fed's Brainard says U.S. economy far from employment, inflation goals

Fed's Brainard Says U.S. Economy Far From Employment, Inflation Goals

. Federal Reserve Board Governor Lael Brainard speaks at the John F. Kennedy School of Government at Harvard University in Cambridge By Jonnelle Marte The U.S. economy remains far from the Federal Reserve's goals for employment and inflation and monetary policy will continue to provide support until further progress has been made in boosting inflation and

24 Feb

Fed's Brainard says economy remains far from goals for employment and inflation

Fed's Brainard Says Economy Remains Far From Goals For Employment And Inflation

. Federal Reserve Board Governor Lael Brainard speaks at the John F. Kennedy School of Government at Harvard University in Cambridge The U.S. economy remains far from the Federal Reserve's goals for employment and inflation and monetary policy will continue to provide support until further progress has been made, Fed Governor Lael Brainard said on Wednesd

24 Feb

HSBC ups U.S. GDP forecasts for 2021 and 2022 on stimulus prospects

HSBC Ups U.S. GDP Forecasts For 2021 And 2022 On Stimulus Prospects

. People shop on 5th Avenue in New York HSBC Holdings (NYSE:HSBC) LLC, Europe's biggest bank, on Wednesday said it raised its forecast for U.S. gross domestic product to 5.0% in 2021, from 3.5% previously, and its growth call for next year to 3.0% from 2.5%. HSBC Global Research said in a note that the upgrade was due to higher consumer spending, thanks

24 Feb

U.S. new home sales beat expectations; December data revised higher

U.S. New Home Sales Beat Expectations; December Data Revised Higher

. A home under construction stands behind a "sold" sign in a new development in York County, South Carolina WASHINGTON Sales of new U.S. single-family homes increased more than expected in January, boosted by historically low mortgage rates and an acute shortage of previously owned houses on the market. New home sales rose 4.3% to a seasonally adjusted an

24 Feb

Mexican inflation quickens less than expected in early February

Mexican Inflation Quickens Less Than Expected In Early February

. A woman selects food at a supermarket in Ciudad Juarez, MEXICO CITY Mexican consumer price inflation accelerated by less than forecast in the first two weeks of February, data from the national statistics agency showed on Wednesday. Mexican annual inflation ticked up to 3.84% from a rate of 3.74% in the second half of January, but undershot the consensu

24 Feb

Brazil current account deficit 0.65% of GDP, smallest in 13 years

Brazil Current Account Deficit 0.65% Of GDP, Smallest In 13 Years

. Outbreak of the coronavirus disease (COVID-19) in Rio de Janeiro By Jamie McGeever BRASILIA Brazil's current account deficit in the year to January as a share of the overall economy shrank to its smallest in 13 years, official figures showed on Wednesday, thanks mainly to a decline in the primary income and services deficits. The current acc

24 Feb

Brazil's consumer confidence rises in February for first time in five months

Brazil's Consumer Confidence Rises In February For First Time In Five Months

. Outbreak of the coronavirus disease (COVID-19), in Rio de Janeiro By Jamie McGeever BRASILIA Consumer confidence in Brazil rose in February for the first time in five months, a survey indicated on Wednesday, lifted by the start of a nationwide vaccination program against COVID-19 and prospects of the government resuming emergency income tran

24 Feb

India's economy likely returned to growth last quarter: Reuters poll

India's Economy Likely Returned To Growth Last Quarter: Reuters Poll

. A labourer sleeps on sacks as traffic moves past him in a wholesale market in the old quarters of Delhi By Shaloo Shrivastava BENGALURU India's economy is likely to have returned to growth in the December quarter due to the easing of restrictions on movement after the first wave of the coronavirus epidemic peaked, a poll predicted. The median fo

24 Feb

German economy to shrink some 1.5% in early 2021: DIW

German Economy To Shrink Some 1.5% In Early 2021: DIW

. Closed shop due to the COVID-19 pandemic in Munich BERLIN Germany's economy could shrink by around 1.5% in the beginning of the year, the DIW research institute said on Wednesday, as lockdown measures to restrict coronavirus infections take a toll on Europe's biggest economy. DIW said a surge in coronavirus cases was constraining economic growth but tha

24 Feb

Strong exports and construction boost German economy in fourth quarter

Strong Exports And Construction Boost German Economy In Fourth Quarter

2/2Reuters. Outbreak of the coronavirus disease (COVID-19) in Frankfurt 2/2 By Michael Nienaber BERLIN Strong exports and solid construction activity helped the German economy to grow by a better-than-expected 0.3% in the final quarter of last year, but stricter lockdown measures at home and abroad are clouding the outlook

24 Feb

Strong exports, construction boost German economy in fourth quarter

Strong Exports, Construction Boost German Economy In Fourth Quarter

. Outbreak of the coronavirus disease (COVID-19) in Frankfurt BERLIN Bullish exports and solid construction activity helped the German economy to grow by a stronger-than-expected 0.3% in the final quarter of last year, the Federal Statistics Office said on Wednesday, revising an earlier estimate. The office, which previously had reported a 0.1

23 Feb

U.S. consumer confidence improves as COVID-19 cases fall; house prices accelerate

U.S. Consumer Confidence Improves As COVID-19 Cases Fall; House Prices Accelerate

2/2Reuters. Outbreak of the coronavirus disease (COVID-19) in New York City 2/2 By Lucia Mutikani WASHINGTON U.S. consumer confidence increased in February, with households slightly more upbeat about the labor market amid declining new COVID-19 infections and expectations for additional money from the government to help the

23 Feb

U.S. consumer confidence improves; house prices surge

U.S. Consumer Confidence Improves; House Prices Surge

. Outbreak of the coronavirus disease (COVID-19) in New York City By Lucia Mutikani WASHINGTON U.S. consumer confidence increased in February, with households slightly upbeat about labor market conditions amid declining new COVID-19 infections and expectations for additional money from the government to help the economy's recovery from the pan

23 Feb

U.S. consumer confidence rises in February: survey

U.S. Consumer Confidence Rises In February: Survey

. Outbreak of the coronavirus disease (COVID-19) in New York City WASHINGTON U.S. consumer confidence increased in February, likely lifted by declining new COVID-19 infections and expectations for additional fiscal stimulus. The Conference Board said on Tuesday its consumer confidence index rose to a reading of 91.3 this month from 88.9 in Jan

23 Feb

Thai jobless rate dips in fourth quarter but remains near multi-year high

Thai Jobless Rate Dips In Fourth Quarter But Remains Near Multi-year High

. Job Expo Thailand 2020 BANGKOK Thailand's unemployment dipped in the fourth quarter of 2020 from the previous three months as an easing of COVID-19 curbs prompted a revival in economic activity, but a recent uptick in infections poses a risk, the state planning agency said on Tuesday. The unemployment rate was 1.86% in the October-December q

23 Feb

UK retailers see sharp fall in sales and mounting job losses, CBI says

UK Retailers See Sharp Fall In Sales And Mounting Job Losses, CBI Says

. Shoppers walk down the street in London LONDON British retail sales fell in the year to February as stores cut jobs at a rapid rate, with only supermarkets reporting any growth during the latest COVID-19 lockdown, a survey showed on Thursday. The Confederation of British Industry's gauge of retail sales stood at -45, up only slightly from January's eigh

23 Feb

South Africa's unemployment rate jumps to new record high

South Africa's Unemployment Rate Jumps To New Record High

. Job seekers stand outside a construction PRETORIA South Africa's unemployment rate jumped to a record high in the fourth quarter of last year, the statistics agency said on Tuesday, as the economy was further battered by the COVID-19 pandemic. Statistics South Africa said the unemployment rate stood at 32.5% in the October-December quarter, meaning 7.2

23 Feb

More expensive services lead euro zone inflation rebound in January

More Expensive Services Lead Euro Zone Inflation Rebound In January

. Christmas decoration is seen in a department store in city centre in Nuremberg BRUSSELS More expensive services and industrial goods led a rebound in inflation in January after months of falling prices, offsetting the downward pull of cheaper energy, data showed on Tuesday. The European Union's statistics office Eurostat confirmed earlier estimates that

23 Feb

South Africa's unemployment rate rises to 32.5% in fourth quarter 2020

South Africa's Unemployment Rate Rises To 32.5% In Fourth Quarter 2020

. Job seekers stand outside a construction PRETORIA South Africa's unemployment rate jumped to a new record high of 32.5% in the fourth quarter of 2020 from 30.8% in the third quarter, the statistics agency said on Tuesday. Statistics South Africa put the number of unemployed at 7.2 million people in the fourth quarter, compared to 6.5 million in the prev