Consumer sentiment in the U.S. deteriorated by less than previously estimated in the month of February, the University of Michigan revealed in a report on Friday. The report said the final reading on the consumer sentiment index for February came in at 95.4 compared to the preliminary reading of 93.6.
Pending home sales in the U.S. rebounded in the month of January, according to a report released by the National Association of Realtors on Friday, with the increase reflecting improved buyer demand. NAR said its pending home sales index climbed 1.7 percent in January.
Business activity in the Chicago area unexpectedly contracted in the month of February, according to a report released by MNI Indicators on Friday. MNI Indicators said its Chicago business barometer tumbled to 45.8 in February from 59.4 in January, with a reading below 50 indicating a contraction in regional business activity.
Economic growth slowed by even more than previously estimated in the final three months of 2014, according to a revised report released by the Commerce Department on Friday. The report said U.S. gross domestic product increased by a downwardly revised 2.2 percent in the fourth quarter.
India's government sees room for big bang reforms and robust economic growth in the fiscal year ending March 2016, the Economic Survey 2014-15, released the Finance Ministry, said on Friday. Economic growth is expected to exceed 8 percent in fiscal 2015-16 and, at market prices, the new estimate implies growth of 8.1-8.5 percent in 2015-16, the survey said.
Industrial production in Japan was up 4.0 percent on month in January, the Ministry of Economy, Trade and Industry said on Friday.
That beat forecasts for an increase of 2.7 percent following the 0.8 percent increase in December.
On a yearly basis, industrial production dipped 2.0 percent - but...
The dollar is gaining ground against all of its major competitors Thursday, following the release of some better than expected economic data. Durable goods orders topped expectations and to the bigger than expected decrease in consumer prices reflected the steepest monthly drop by the consumer price...
Reflecting a notable rebound in orders for transportation equipment, the Commerce Department released a report on Thursday showing that U.S. durable goods orders increased by much more than expected in the month of January.
With energy prices showing another substantial decrease, the Labor Department released a report on Thursday showing that U.S. consumer prices fell by slightly more than expected in the month of January.
First-time claims for U.S. unemployment benefits rose by much more than expected in the week ended February 21st, according to a report released by the Labor Department on Thursday. The report said initial jobless claims jumped to 313,000.
Eurozone money supply growth accelerated for a third straight month in January to its fastest pace in nearly six years and loans to the private sector fell at a modest pace, signaling revival in euro area bank lending. M3, the broad measure of money supply, grew at 4.1 percent year-on-year in January, which was the fastest pace since April 2009, when it rose 4.8 percent.
Eurozone economic confidence strengthened to a 7-month high in February as optimism developed after the announcement of the bond purchase program by the European Central Bank more than offset concerns about Greece funding and the future course of action. Elsewhere, data from the ECB revealed that loans to the private sector fell at a modest pace in January.
German consumer confidence is set to rise to its highest level since October 2001 as consumer optimism turned stronger underpinned by upward trend in economic expectations, data from a survey by market research group GfK showed Thursday. The forward-looking consumer confidence index rose more-than-expected to 9.7 in March from 9.3 in February.
New Zealand posted a merchandise trade surplus of NZ$56 million in January, Statistics New Zealand said on Thursday - representing 1.5 percent of exports.
That topped expectations for a deficit of NZ$158 million following the downwardly revised NZ$195 million shortfall in December (originally -NZ$159...
The dollar is little changed overall again on Wednesday, much like the performance of the previous session. Investors remained on the sidelines today as Federal Reserve Chair Janet Yellen delivered her second day of testimony before Congress. Yellen's prepared remarks were identical to those she delivered...