Economic Indicators News

Economic Indicators News

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25 Jun

U.S. new home sales rebound in May; consumer sentiment at record low

U.S. New Home Sales Rebound In May; Consumer Sentiment At Record Low

. 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

24 Jun

U.S. new home sales rebound in May; prices soar

U.S. New Home Sales Rebound In May; Prices Soar

. 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

24 Jun

U.S. new home sales unexpectedly rise in May

U.S. New Home Sales Unexpectedly Rise In May

. 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

24 Jun

Ifo: German Business Confidence Slides in June

Ifo: German Business Confidence Slides In June

. 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

24 Jun

German economy nervous, but no sign of recession for now - Ifo economist

German Economy Nervous, But No Sign Of Recession For Now - Ifo Economist

. 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

24 Jun

Britons, shaken by cost-of-living squeeze, cut back on shopping

Britons, Shaken By Cost-of-living Squeeze, Cut Back On Shopping

. 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

24 Jun

U.K. Retail Sales Fall by 0.5% in May

U.K. Retail Sales Fall By 0.5% In May

. 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

24 Jun

UK retail sales fall in May as cost of living squeeze tightens

UK Retail Sales Fall In May As Cost Of Living Squeeze Tightens

. 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

24 Jun

Singapore May manufacturing output up 13.8% y/y amid chip shortage

Singapore May Manufacturing Output Up 13.8% Y/y Amid Chip Shortage

. 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

24 Jun

Malaysia's May CPI up 2.8% y/y, higher than forecast

Malaysia's May CPI Up 2.8% Y/y, Higher Than Forecast

. 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

24 Jun

Japan May factory output seen dipping for 2nd month on China lockdown- Reuters poll

Japan May Factory Output Seen Dipping For 2nd Month On China Lockdown- Reuters Poll

. 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

23 Jun

Canada's Senate passes budget, greenlighting measures on housing, Russian assets

Canada's Senate Passes Budget, Greenlighting Measures On Housing, Russian Assets

. 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

23 Jun

Factbox-Canadian lawmakers approve 2022 budget measures on housing, Russian assets

Factbox-Canadian Lawmakers Approve 2022 Budget Measures On Housing, Russian Assets

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.

23 Jun

U.S. labor market remains tight; business activity slowing

U.S. Labor Market Remains Tight; Business Activity Slowing

. 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

23 Jun

U.S. labor market stays tight; business activity cooling

U.S. Labor Market Stays Tight; Business Activity Cooling

. 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

23 Jun

U.S. weekly jobless claims dip; labor market remains tight

U.S. Weekly Jobless Claims Dip; Labor Market Remains Tight

. 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

23 Jun

U.S. Weekly Jobless Claims Fall by Less Than Expected

U.S. Weekly Jobless Claims Fall By Less Than Expected

. 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

23 Jun

U.S. weekly jobless claims grind lower amid tight labor market

U.S. Weekly Jobless Claims Grind Lower Amid Tight Labor Market

. 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

23 Jun

U.K.  Economy "Running on Empty" as Manufacturing PMI Falls More Than Expected

U.K. Economy "Running On Empty" As Manufacturing PMI Falls More Than Expected

. 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

23 Jun

UK economy 'running on empty' as recession signals mount - PMI

UK Economy 'running On Empty' As Recession Signals Mount - PMI

. 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

23 Jun

UK consumer spending softens, job ads fall in past week

UK Consumer Spending Softens, Job Ads Fall In Past Week

. 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

23 Jun

Flash PMI: Eurozone Business Activity Slides in June, Hitting 16-Month Low

Flash PMI: Eurozone Business Activity Slides In June, Hitting 16-Month Low

. 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

23 Jun

Euro zone business growth slumped in June as price hikes bite

Euro Zone Business Growth Slumped In June As Price Hikes Bite

. 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

23 Jun

Flash PMI: French Services Sector Shrinks To 5-Month Low in June

Flash PMI: French Services Sector Shrinks To 5-Month Low In June

. 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

23 Jun

German economy loses momentum at the end of Q2 - PMI

German Economy Loses Momentum At The End Of Q2 - PMI

. 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