72.73 F
New York
May 15, 2021

Economic Indicators

U.S. weekly jobless claims fall more than expected

Reuters
WASHINGTON (Reuters) – Fewer Americans filed new claims for unemployment benefits last week as the labor market recovery gains steam amid an economic boom, which is being fueled by a rapidly improving public health situation and massive government financial assistance. FILE PHOTO: Construction workers wait in line to do a......

Bank of Israel keeps benchmark interest rate at 0.1%

Reuters
JERUSALEM, April 19 (Reuters) – The Bank of Israel held its benchmark interest rate at 0.1% for an eighth straight meeting on Monday amid optimism over an economic recovery due to a rapid COVID-19 vaccine rollout and inflation turning positive. All 16 economists polled by Reuters had said they expected......

China’s new home prices quicken in March

Reuters
BEIJING, April 16 (Reuters) – New home prices in China rose at a faster pace in March, data showed on Friday, even as authorities have taken measures to further clamp down on property speculation. Average new home prices in 70 major cities grew 0.5% in March from a month earlier,......

Turkish cenbank holds rates at 19%, drops tightening pledge

Reuters
By Ali Kucukgocmen, Jonathan Spicer ISTANBUL (Reuters) -Turkey’s central bank held rates steady at 19% as expected on Thursday and dropped a pledge to tighten policy further if needed, in its first decision since President Tayyip Erdogan fired the hawkish former governor and set off a market selloff. FILE PHOTO:......

English diners rush back to restaurants as lockdown eases

Reuters
FILE PHOTO: People enjoy the evening at an outside restaurant area in Soho, as the coronavirus disease (COVID-19) restrictions ease, in London, Britain April 12, 2021. REUTERS/Henry Nicholls LONDON (Reuters) – British diners rushed back to restaurants on Monday, the first day that they had been open in England for......

Surprise drop in Japan machinery orders stokes recovery fears

Reuters
TOKYO (Reuters) – Japan’s core machinery orders unexpectedly fell the most in about a year in February, government data showed, dashing hopes for a pick-up in capital expenditure needed for a private sector-led recovery from the coronavirus-induced slump. FILE PHOTO: Smoke rises from a factory during the sunset at Keihin......

UK economy to return to pre-COVID-19 level around mid-2022: Reuters poll

Reuters
LONDON (Reuters) – Britain’s economy will be back to its pre-COVID-19 level around the middle of next year, according to economists in a Reuters poll who said unemployment would peak at 6.2% as 2021 draws to a close and the pandemic job support scheme ends. FILE PHOTO: The City of......

Instant View: India’s retail inflation rises to 5.52% in March

Reuters
(Reuters) – India’s retail inflation rose to 5.52% in March from a year earlier, government data released on Monday showed. A vendor waits for customers at his shop inside a vegetable market in Kolkata, India, February 12, 2020. REUTERS/Rupak De Chowdhuri/Files Analysts in a Reuters poll had predicted annual inflation......

Italy’s economy seen growing 4.1% this year, business lobby says

Reuters
ROME (Reuters) – Italy’s virus-hit economy is expected to grow 4.1% this year and 4.2% in 2022 in an “uncertain ascent from the abyss”, the country’s business lobby Confindustria said on Saturday. FILE PHOTO: People walk past closed bars and restaurants as Rome becomes a ‘red zone’, going into lockdown,......

Canada adds 303,100 jobs in March, unemployment rate falls to 7.5%

Reuters
FILE PHOTO: A sign advertising available jobs at the Clocktower Brew Pub hangs in a window in Ottawa, Ontario, Canada, November 9, 2017. REUTERS/Chris Wattie OTTAWA (Reuters) – Canada added 303,100 jobs in March, easily beating expectations, and the unemployment rate fell to 7.5%, its lowest point since the beginning......

Spain cuts 2021 growth forecast to 6.5% after first-quarter contraction

Reuters
By Belén Carreño, Nathan Allen MADRID (Reuters) – Spain’s government slashed its forecast for this year’s economic recovery on Friday to reflect a COVID-induced contraction in the first quarter and expected delays to the arrival of EU rescue funds. FILE PHOTO: Spanish Economy Minister Nadia Calvino is welcomed by German......

China’s auto sales surge 75% in March, 12th straight monthly gain

Reuters
Newly manufactured cars are seen at a port in Dalian, Liaoning province, China April 10, 2020. China Daily via REUTERS BEIJING (Reuters) – Auto sales in China surged in March for their 12th consecutive month of gains, as the world’s biggest car market leads the sector’s recovery from the COVID-19......

Argentina benefiting from higher world food prices – IMF economist

Reuters
WASHINGTON, April 6 (Reuters) – Argentina is benefitting from higher world food prices since that is one of its main exports, although the country’s government is still working to stabilize the economy, Gita Gopinath, the IMF’s chief economist said on Tuesday. The IMF lifted its forecast for growth in Latin......

IMF raises its growth forecast for UK economy after 2020 crash

Reuters
LONDON (Reuters) – The International Monetary Fund raised its forecast for British economic growth, which is set to outpace the euro zone this year after its slump in 2020 but is unlikely to regain its pre-pandemic size until some time in 2022. FILE PHOTO: The International Monetary Fund (IMF) logo......

China’s blue-chip index ends lower as healthcare, consumer stocks slip

Reuters
SHANGHAI, April 6 (Reuters) – China’s blue-chip index retreated on Tuesday, pressured by healthcare and consumer companies, as upbeat economic data raised worries of policy tightening. ** The blue-chip CSI300 index fell 0.4% to 5,140.34, while the Shanghai Composite Index was flat at 3,482.97. ** As of last close, the......

France lifts 2021 deficit, debt forecasts

Reuters
FILE PHOTO: French Economy and Finance Minister Bruno Le Maire speaks during a press conference to present the details of new restrictions aimed at curbing the spread of the coronavirus disease (COVID-19), announced the day before by the president, in Paris, France, October 15, 2020. Ludovic Marin/Pool via REUTERS/File Photo......

Argentine leader Alberto Fernandez says tests positive for coronavirus

Reuters
Argentina’s President Alberto Fernandez attends the National Flag Day event at the Museum of the National Flag in Iguala, Guerrero State, Mexico February 24, 2021. REUTERS/Henry Romero BUENOS AIRES (Reuters) – Argentine President Alberto Fernandez has tested positive for the new coronavirus, is waiting for the result to be confirmed......

Robust U.S. employment growth expected in March, jobs deficit remains large

Reuters
WASHINGTON (Reuters) – U.S. employers likely stepped up hiring in March amid increased vaccinations and more pandemic relief money from the government, which would cement expectations for a boom that could push this year’s economic growth to the strongest since 1984. FILE PHOTO: Construction workers wait in line to do......

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Click whichever is suitable. Accept Read More