Economic News, US Economic News, Global Economic News, Economic Calendar

India's economy expanded in the final three months of 2020, thus exiting a severe recession caused by sharp contractions in the previous quarters due to the impact of one of the harshest lockdowns to battle the coronavirus pandemic. Gross domestic product grew 0.4 percent in the three months to December,... Read more...

U.S. Consumer Sentiment Drops Less Than Initially Estimated In February

Revised data released by the University of Michigan on Friday showed U.S. consumer sentiment deteriorated by slightly less than initially estimated in the month of February. The report showed the consumer sentiment index for February was upwardly revised to 76.8 from the initial estimate of 76.2. Read more...

Portugal Economy Grows Less Than Estimated In Q4

Portugal's economy grew less than estimated in the final three months of 2020, amid a resurgence in the coronavirus infections across Europe. Gross domestic product increased 0.2 percent from the third quarter, when the economy expanded grew 13.3 percent, revised data from Statistics Portugal showed... Read more...

U.S. / CANADA

Chicago Business Barometer Pulls Back More Than Expected In February

MNI Indicators released a report on Friday showing a bigger than expected slowdown in the pace of growth in Chicago-area business activity in the month of February. The report said MNI Indicators' Chicago business barometer dropped to 59.5 in February after jumping to a more than two-year high of 63.8 in January. Read more...

U.S. Personal Income Spikes 10.0% In January Due To Stimulus Checks

Primarily reflecting the $600 stimulus checks included in the last coronavirus relief bill, the Commerce Department released a report on Friday showing U.S. personal income skyrocketed in the month of January. The Commerce Department said personal income spiked by 10.0 percent in January after rising by 0.6 percent in December. Read more...

U.S. Personal Income Spikes 10.0% In January

Reflecting an increase in government benefits in response to the COVID-19 pandemic, the Commerce Department released a report on Friday showing U.S. personal income skyrocketed in the month of January. Read more...

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EUROPE

Finland Growth Slowed Less Than Estimated In Q4

Finland's economic expansion slowed less than estimated but sharply, in the fourth quarter of 2020, amid a resurgence in the coronavirus infections across Europe. Gross domestic product grew 0.4 percent quarter-on-quarter, preliminary data from Statistics Finland showed Tuesday. The agency had estimated... Read more...

Latvia's Q4 GDP Growth Moderates As Estimated In Q4

Latvia's economic growth moderated notably in the fourth quarter, as initially estimated, revised data published by the Central Statistical Bureau showed Friday. The economy grew a seasonally and calendar adjusted 1.1 percent from the third quarter, when it expanded 6.9 percent. The fourth quarter... Read more...

Poland GDP Contracts As Initially Estimated In Q4

Poland's economy contracted in the fourth quarter due to the restrictions related to the Covid-19 pandemic, after a strong rebound in the third quarter, preliminary estimate from the statistical office showed on Friday. Gross domestic product fell 0.7 percent sequentially, reversing the 7.9 percent... Read more...

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ASIA

Singapore Producer Prices Fall Further; Industrial Production Growth Slows

Singapore's producer prices declined at a softer pace and industrial production growth eased in January, data showed on Friday. The manufactured producer prices declined 5.1 percent annually in January, following a 7.7 percent fall in December, Department of Statistics revealed. The oil index... Read more...

Japan Housing Starts Continue To Decline

Japan's housing starts continued to decline in January, albeit at a softer pace, data from the Ministry of Land, Infrastructure, Transport and Tourism showed on Friday. Housing starts declined 3.1 percent year-on-year in January, following 9.0 percent fall in December. Economists had expected decrease... Read more...

Malaysia Exports Rise In January

Malaysia's exports rose in January, data from the Department of Statistics showed on Friday. Exports rose 6.6 percent year-on-year to MYR 89.6 billion in January. This was in line with economists' expectation. Imports increased 1.3 percent annually to MYR 73.0 billion in January. Economists had... Read more...

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GLOBAL ECONOMICS

Swiss KOF Indicator Signals Economic Activity Rebound Ahead

A measure signaling turning points in Switzerland's economy rose above its long-term average in February, suggesting economic activity is set to pick up in the months ahead. The Economic Barometer rose to 102.7 points in February, which is slightly above its long-?term average of 100, from 96.5 in... Read more...

Spain Consumer Prices Remain Flat In February

Spain's consumer prices remained unchanged in February after recovering a month ago, flash data from the statistical office INE showed on Friday. Consumer prices remained flat on year, following a 0.5 percent rise in January, which was the first increase in eleven months. Month-on-month, consumer... Read more...

Portugal Inflation Rises In February

Portugal's consumer prices inflation increased in February, preliminary data from Statistics Portugal showed on Friday. The consumer price index rose 0.49 percent year-on-year in February, following a 0.3 percent gain in January. The core CPI, which excludes energy and unprocessed food products... Read more...

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ANALYST COMMENTS

ECONOMIC CALENDAR

Time (et)

Economic Indicator

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Actual

Forecast

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Sunday ,Feb.28