Economic News

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While the Commerce Department released a report on Friday showing a modest increase in new home sales in the U.S. in the month of September, the uptick came from a significantly downwardly revised level in August. Read more...
Belgium's business confidence improved further in October, led by strengthening of sentiment in the construction sector, survey data from the National Bank of Belgium showed Friday. The business confidence index rose to -6.8 from -7.2 in September. Economists had expected a weaker score of -7.2.... Read more...
Malaysia's leading index signaled a slight weakness in economic performance in coming months, survey data released by the Department of Statistics showed Friday. The leading index dropped 0.3 percent month-on-month in August. A 0.5 percent drop in real money supply contributed the most to the monthly... Read more...
While the Commerce Department released a report on Friday showing a modest increase in new home sales in the U.S. in the month of September, the uptick came from a significantly downwardly revised level in August. Read more...
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Suggesting moderate growth in the short-term, the Conference Board released a report on Thursday showing that its index of leading U.S. economic indicators rose by more than economists had anticipated in the month of September. Read more...
Suggesting moderate growth in the short-term, the Conference Board released a report on Thursday showing that its index of leading U.S. economic indicators rose by more than economists had anticipated in the month of September. Read more...
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Italy's consumer confidence weakened to an eight-month low in October, survey data from the statistical office Istat showed Friday. The consumer sentiment index fell to 101.4 from 101.9 in September. This was the lowest reading since last February. The score was forecast to fall more sharply to 101.... Read more...
Bank of France Governor Christian Noyer said on Friday that the French government can do more to reduce spending. In an interview on the RTL Radio, Noyer said a balance must be found between necessary improvement in public finances, which must be credible, without hurting economic activity. Earlier... Read more...
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The U.K. economy grew at a slower pace in the third quarter in the face of rising uncertainty stemming from global economic conditions, preliminary estimates from the Office for National Statistics Office showed Friday. Gross domestic product climbed 0.7 percent from the second quarter, when it grew 0.9 percent. Read more...

The unemployment rate in Malaysia edged down in August, figures from the Department of Statistics showed Friday. The jobless rate decreased to 2.7 percent in August from 2.8 percent in July. A year ago, the unemployment rate was 3.1 percent. The number of unemployed in the country fell to 379,700... Read more...
House prices declined in almost all major Chinese cities in September, data compiled by the National Bureau of Statistics showed Friday. Compared to August, prices decreased in 69 and remained stable in one out of the 70 cities surveyed by the statistical office in September. House prices in... Read more...
Singapore industrial production declined more than expected in September, data from the Economic Development Board showed Friday. Industrial output fell 1.2 percent year-over-year in September following the 4 percent increase in August. This was more than the 0.4 percent drop expected by economists. Excluding... Read more...
Hourly wages in Italy remained unchanged in September, a report from the statistical office ISTAT showed Friday. Wages remained flat month-on-month in September, the same as in August. This marked the third consecutive month of wages remaining unchanged. Annually, wages rose 1.1 percent, the same... Read more...
The U.K. economy grew at a slower pace in the third quarter, preliminary estimates from the Office for National Statistics Office showed Friday. Gross domestic product climbed 0.7 percent from the second quarter, when it grew 0.9 percent. The sequential growth rate matched economists' expectations.... Read more...
Italy's retail sales declined at a faster rate in August, data from the statistical office ISTAT showed Friday. Retail sales fell 3.1 percent year-over-year in August following the 1.7 percent drop in July. Food sales slid 3.7 percent and non-food sales declined 2.5 percent. On a month-over-month... Read more...
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The major U.S. index futures are pointing to a lower opening on Friday, with sentiment suggesting that some of yesterday’s momentum may ebb. Worries about a probable spread of ebola in the U.S. following reports of a U.S. physician in New York contracting the disease and mixed earnings could deter traders...