Economic News

Home prices increased in most of the Chinese cities in April even as the government tightened measures to curb property prices. House prices increased in 68 out of 70 cities in April from the previous year, the same number of cities as seen in March, data published by the National Bureau of Statistics... Read more...
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Led by building permits and the interest rate spread, leading economic indicators in the U.S. rose by more than anticipated in the month of April, according to a report released by the Conference Board on Friday. The Conference Board said its leading economic index rose by 0.6 percent in April following a revised 0.2 percent decrease in March. Read more...
European banks' asset quality review and stress test should be conducted by mid-2014, before the European Central Bank takes over banking supervision, Executive Board member Yves Mersch said Friday. Read more...
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Consumer sentiment in the U.S. has seen a substantial improvement in the month of May, according to a report released by Thomson Reuters and the University of Michigan on Friday, with the consumer sentiment index rising to its highest level in nearly six years. Read more...
Led by housing permits and the interest rate spread, leading economic indicators in the U.S. rose by more than anticipated in the month of April, according to a report released by the Conference Board on Friday. Read more...
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Manufacturing firms responding to the Federal Reserve Bank of Philadelphia's monthly Business Outlook Survey unexpectedly indicated that regional manufacturing activity has contracted in the month of May. A report released by the Philly Fed on Thursday showed that its diffusion index of current activity fell to a negative 5.2 in May from a positive 1.3 in April. Read more...
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Bank of England policymaker Martin Weale said the bank's capacity to add stimulus is limited by the risk to inflation expectations. Read more...
European Central Bank Executive Board member Benoit Coeure said Friday that the central bank is looking at options to improve lending to small firms, which form the backbone of the Eurozone economy. "The ECB is today exploring options to further strengthen lending to the real economy and, in particular,... Read more...
Eurozone construction output continued its decline for the fifth month in a row in March, Eurostat reported Friday. Read more...

Standard & Poor's on Friday maintained its negative outlook on India's 'BBB-' rating, indicating at least a one-in-three chance of a downgrade within the next twelve months. Read more...
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Decline in Singapore's non-oil exports eased in April amid an improvement in overseas demand for the country's non-electronic products, a report from International Enterprise (IE) Singapore showed Friday. On a year-on-year basis, non-oil domestic exports fell 1 percent in April following a 4.8 percent fall in the previous month. The rate of decrease was weaker than the 1.9 percent drop expected. Read more...
A leading indicator for China's economic activity increased in April, a report from the Conference Board showed Friday. The leading economic index (LEI) increased 1.5 percent in April to reach 260.8. This followed a 0.6 percent decline in March and a 1.3 percent increase in February. Four of the... Read more...
Lithuania's unemployment rate increased modestly in the first quarter, data released by the Department of Statistics showed Friday. The unemployment rate edged up to 13.1 percent in the first quarter from 13 percent in the fourth quarter. The latest figure was, however, notably lower than 7.3 percent... Read more...
A leading indicator of the Spanish economy declined for the second successive month in March, suggesting that the current contraction in the economy is likely to continue, even though it may ease in the coming months, data from a survey by the Conference Board showed Friday. The leading economic index... Read more...
The French economy is likely to grow in the second half of this year, Finance Minister Pierre Moscovici said in an interview with RTL radio, after official data showed that the nation entered a recession in the first quarter. Moscovici said he is confident that the unemployment will drop by the end... Read more...
The continuing recession and the recent relapse in business confidence suggest that the Eurozone economy is in serious danger of suffering further modest contraction in the second quarter, IHS Global Insight... Read more...
The unexpected growth in Germany's industrial production in March indicates that a second consecutive fall in GDP was probably avoided in in the first quarter, Capital Economics European Economist Ben... Read more...
Time (et)
Economic Indicator
Period
Actual
Forecast
Previous
Country
Sunday ,May.19
19:01
Rightmove House Prices (M-o-M)
MAY
 
2.1 %
UK

In an interview with RTTNews, Christopher Low, chief economist at FTN Financial, explains why the market continues to reach new highs despite any major catalysts. "In a way, companies are benefitting from an economy that is growing but not growing fast" and that's what's sustaining this rally says Low.
In an interview with RTTNews, Ken Goldstein, an economist at The Conference Board, discusses first quarter economic growth and where we're headed as we get deeper into2013. "Given what we've been dealing with...this is good enough to get us back to some semblance of what is robust growth for the United States," says Goldstein.
In an interview with RTTNews, Tom Nardone, Assistant Commissioner for Current Employment Analysis at the Bureau of Labor Statistics, gives an in depth look at the April jobs report.
In an interview with RTTNews, Peter Morici, economist and professor at the Smith School of Business at the University of Maryland, discusses the potential for a double-dip recession in the United States. According to Morici, "the second quarter is not going to be a good quarter," says Morici. Just how bad could it be? It all hinges on Europe right now he says.
The major U.S. index futures are pointing to a higher opening on Friday, with sentiment remaining positive despite the extended rally. Although there was a pause yesterday, the major averages settled close to their record highs notwithstanding the release of lukewarm data. Corporate earnings the markets...