After initially reporting no change in U.S. consumer sentiment in the month of September, the University of Michigan released revised data on Friday showing a bigger than expected improvement in consumer sentiment during the month.
Reflecting a notable acceleration in the pace of production growth, MNI Indicators released a report on Friday showing Chicago-area business activity grew at a much faster than expected rate in the month of September. MNI Indicators said its Chicago business barometer jumped to 54.2 in September from 51.5 in August.
While the Commerce Department released a report on Friday showing an uptick in U.S. personal income in the month of August, the report said personal spending was little changed during the month. The report said personal income edged up by 0.2 percent in August after climbing by 0.4 percent in July.
Eurozone inflation doubled in September to the highest level since late 2014, but remained well below the European Central Bank's target, the flash estimate from Eurostat showed Friday. Meanwhile, Eurozone's jobless rate held steady at a five-year low for a fourth straight month in August. Inflation rose to 0.4 percent from 0.2 percent in August. A similar high rate was last seen October 2014.
Industrial output in Japan gained 1.5 percent on month in August, the Ministry of Economy, Trade and Industry said on Friday.
That beat forecasts for an increase of 0.5 percent following the 0.4 percent decline in July.
On a yearly basis, output jumped 4.6 percent - also topping forecasts for a...
Industrial output in South Korea was down 2.4 percent on month in August, Statistics Korea said on Friday.
That follows the downwardly revised 1.3 percent gain in July (originally 1.4 percent).
On a yearly basis, industrial production advanced 2.3 percent after rising 1.6 percent in the previous...
The total number of building consents in New Zealand issued in August was down a seasonally adjusted 1.0 percent on month, Statistics New Zealand said on Friday - standing at 2,834.
That follows the upwardly revised 8.1 percent contraction in July (originally -10.5 percent).
The dollar is trading modestly higher against all of its major rivals Thursday afternoon. Better than expected weekly jobless claims and GDP data has overshadowed the weaker than expected pending home sales report.
Primarily reflecting upward revisions to non-residential fixed investment, private...
After reporting a jump in U.S. pending home sales in the previous month, the National Association of Realtors released a report on Thursday showing a sharp pullback in pending home sales in the month of August. NAR said its pending home sales index tumbled by 2.4 percent to 108.5 in August after surging up by 1.2 percent to a revised 111.2 in July.
Primarily reflecting upward revisions to non-residential fixed investment, private inventory investment, and exports, the Commerce Department released a report on Thursday showing that U.S. gross domestic product increased by more than previously estimated in the second quarter.
The report said second...
First-time claims for U.S. unemployment benefits rose by less than expected in the week ended September 24th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims edged up to 254,000, an increase of 3,000 from the previous week's revised level of 251,000.
Eurozone economic sentiment rebounded strongly to an eight-month high in September from a five-month low in the previous month, mainly driven by the improvement in industrial and retailers' confidence, survey data from the European Commission showed Thursday. The economic sentiment index climbed to 104.9 from 103.5 in August. Economists had forecast an unchanged reading.
Economic confidence survey results from euro area and consumer prices from Germany are due on Thursday, headlining a busy day for the European economic news.
The dollar has been fluctuating between small gains and losses against its major rivals Wednesday afternoon, but has not ventured far from the flat line. Economic data was on the light side today, with only durable goods order to contend with. Many investors focused their attention on Federal Reserve...
Low interest rates are necessary today for a return to higher rates in the future and other policy areas must contribute much more decisively to reap the full benefits of monetary policy, European Central Bank President Mario Draghi said Wednesday.