Economic Indicators News

. Carpenters work on building new townhomes that are still under construction while building material supplies are in high demand in Tampa, Florida, U.S., May 5, 2021. /Octavio Jones/File PhotoBy Lucia Mutikani WASHINGTON Sales of new U.S. single-family homes unexpectedly rose in May, but the rebound is likely to be temporary as home prices continue to increas

. Carpenters work on building new townhomes that are still under construction while building material supplies are in high demand in Tampa, Florida, U.S., May 5, 2021. /Octavio Jones/File PhotoBy Lucia Mutikani WASHINGTON Sales of new U.S. single-family homes unexpectedly rose in May, but the rebound is likely to be temporary as home prices continue to increas

. Carpenters work on building new townhomes that are still under construction while building material supplies are in high demand in Tampa, Florida, U.S., May 5, 2021. /Octavio Jones/File PhotoWASHINGTON Sales of new U.S. single-family homes unexpectedly rose in May, but the rebound is likely temporary as home prices remain elevated and mortgage rates approach

. By Scott Kanowsky  -- German business confidence slumped by more than expected in June, dragged lower by "considerably" more pessimism for the second half of the year in the country's key manufacturing sector, according to data released on Friday by the Ifo Institute.Ifo's closely-watched Business Climate Indexwhich measures sentiment in companies across Germanyfell to 92.3, down

. A steel coil receives its number by a worker at the ThyssenKrupp steel plant in Duisburg, Germany January 30, 2020. /Wolfgang Rattay/File PhotoBERLIN Angst is growing in the German economy, Europe's largest, but as yet there are no signs of recession, Ifo economist Klaus Wohlrabe told on Friday. The threat of gas shortages has increased firms' uncert

. Shoppers are seen walking near Bullring shopping centre, owned by mall operator Hammerson, in Birmingham, Britain, November 4, 2020. /Andrew BoyersBy William Schomberg LONDON -British consumers cut back on shopping in May in the face of fast-rising inflation, and a measure of their confidence sank to a record low this month, according to data that underscored

. By Scott Kanowsky  -- U.K. retail sales volumes dropped by 0.5% in May, reversing course from a rise of 0.4% in the previous month, according to data from the Office for National Statistics.The decline was mainly due to slowing food store sales, which fell by 1.6% during the month, a sign that inflation concerns may be taking a bite out of consumer demand.However, the overall downturn i

. Shoppers are seen walking near Bullring shopping centre, owned by mall operator Hammerson, in Birmingham, Britain, November 4, 2020. /Andrew BoyersLONDON -British retail sales volumes fell by a monthly 0.5% in May and an increase in April was revised down sharply, the Office for National Statistics said on Friday in a fresh sign of how surging inflation is hit

. A worker cuts steel at a factory in the industrial zone of Jurong in western Singapore April 4, 2016. /Edgar SuSINGAPORE Singapore's industrial output in May beat forecasts and grew 13.8% year-on-year, due to strong demand from 5G markets and data centres amid a global semiconductor chip shortage, official data showed on Friday. Economists had expected a 5.8

. Shoppers wearing protective masks shop at a market, amid the coronavirus disease (COVID-19) outbreak in Kuala Lumpur, Malaysia November 6, 2020. /Lim Huey TengKUALA LUMPUR Malaysia's consumer price index (CPI) rose 2.8% from a year earlier in May, government data showed on Friday. The rise was more than the 2.6% expansion forecast by 17 economists in a Reute

. A worker cycles near a factory at the Keihin industrial zone in Kawasaki, Japan, November 15, 2017. /Toru HanaiBy Kantaro Komiya TOKYO Japan's factory output probably fell in May for a second successive month due to supply chain disruptions caused by strict COVID-19 lockdowns in China, a poll showed on Friday. Japanese industrial production in the mo

. Canada's Prime Minister Justin Trudeau speaks during Question Period in the House of Commons on Parliament Hill in Ottawa, Ontario, Canada April 27, 2022. /Blair Gable/File PhotoOTTAWA Canada's Senate on Thursday passed Prime Minister Justin Trudeau's budget, adopting a long list of measures including a two-year ban on foreign home buyers and the power to co

2/2Reuters. A for sale sign is displayed outside a home in Toronto, Ontario in Toronto, Ontario, Canada December 13, 2021. /Carlos Osorio2/2Canada's Senate on Thursday passed Prime Minister Justin Trudeau's budget, adopting a two-year ban on foreign buyers of Canadian homes and a measure allowing it to seize and dispose of assets sanctioned due to Russia's invasion of Ukraine.

. People line up outside a newly reopened career center for in-person appointments in Louisville, U.S., April 15, 2021. /Amira Karaoud/File PhotoBy Lucia Mutikani WASHINGTON The number of Americans filing new claims for unemployment benefits edged down last week as labor market conditions remained tight, though a slowdown is emerging amid high inflation and ri

. People line up outside a newly reopened career center for in-person appointments in Louisville, U.S., April 15, 2021. /Amira Karaoud/File PhotoBy Lucia Mutikani WASHINGTON The number of Americans filing new claims for unemployment benefits edged down last week as labor market conditions remained tight, though a slowdown is emerging amid high inflation and ri

. People line up outside a newly reopened career center for in-person appointments in Louisville, U.S., April 15, 2021. /Amira Karaoud/File PhotoBy Lucia Mutikani WASHINGTON -The number of Americans filing new claims for unemployment benefits edged down last week as labor market conditions remained tight, though a slowdown is emerging. Despite the second straigh

. By Scott -- The number of Americans putting in new claims for unemployment benefits fell by less than estimated last week, potentially signaling that the jobs market in the world's biggest economy may be showing some signs of cooling.Weekly seasonally adjusted initial claims for jobless benefits declined to 229,000, a decrease of 2,000 from the previous week's revised level, according t

. People line up outside a newly reopened career center for in-person appointments in Louisville, U.S., April 15, 2021. /Amira Karaoud/File PhotoWASHINGTON The number of Americans filing new claims for unemployment benefits edged down last week as labor market conditions remained tight, though some slowing is emerging. Initial claims for state unemployment ben

. By Geoffrey Smith  -- U.K. manufacturing activity is slowing more sharply than expected as persistent price pressures take their toll on manufacturers and service companies alike, according to a closely-watched business survey published on Thursday. However, the larger services sector held up better than expected, thanks to what S&P called "a sustained recovery in events and other

. A general view is seen of the London skyline from Canary Wharf in London, Britain, October 19, 2016. /Hannah McKayLONDON Britain's economy is showing signs of stalling as high inflation hits new orders and businesses report levels of concern that normally signal a recession, a closely watched industry survey showed on Thursday. S&P Global (NYSE:SPGI)'s P

. A man shops for fruit and vegetables at Brixton Market, amid the spread of the coronavirus disease (COVID-19) in London, Britain, September 27, 2020. /Simon DawsonLONDON British consumers' spending on credit and debit cards fell slightly over the past week and the number of job adverts declined, while restaurant bookings rose sharply, weekly data collated by

. By Scott Kanowsky  -- Business activity in the eurozone slid to its lowest level in 16 months in June, as soaring inflation and rising interest rates took a bite out of demand and soured the economic outlook, according to a preliminary survey on Thursday.Data firm S&P Global said its flash June composite purchasing managers indexwhich combines data from the currency bloc's servic

. A shopping cart is pushed down the aisle in this photo illustration taken at Mercator shopping mall in Ljubljana, January 28, 2014. /Srdjan Zivulovic LONDON Euro zone business growth has slowed significantly this monthand by much more than expectedas consumers concerned about soaring bills opted to stay at home and defer purchases to save money, a surv

. By Scott Kanowsky  -- Business activity in France's key services sector shrank to a five-month low in June as soaring inflation sparked fears of a global economic slowdown, according to a preliminary survey on Thursday.Data compiler S&P Global said its June flash purchasing manager index for France's service sector fell to 54.4 points, down from 58.3 in May, and far below analyst ex

. People walk on a field in front of the skyline, during the spread of coronavirus disease (COVID-19) in Berlin, Germany, April 1, 2020. /Michele TantussiBERLIN The German economy, Europe's largest, suffered a sharp loss of momentum at the end of the second quarter, with falling exports acting as a drag and economic uncertainty and inflation weighing on domest