Economic News

Germany's consumer price inflation accelerated more than expected in November, preliminary figures from Destatis showed Monday. The consumer price index rose 5.2 percent year-on-year following a 4.5 percent increase in October. Economists had forecast 5.0 percent inflation. The record high of... Read more...

After reporting a notable pullback in U.S. pending home sales in the previous month, the National Association of Realtors released a report on Monday showing pending home sales rebounded by much more than expected in the month of October. Read more...

Belgium's consumer price inflation further accelerated sharply in November to its highest level since July 2008, preliminary data from the statistical office showed Monday. The consumer price index rose 5.64 percent year-on-year after a 4.16 percent increase in the previous month. The latest... Read more...

Reflecting concerns about the pace of inflation, the minutes of the Federal Reserve's monetary policy meeting in early November revealed some participants felt the central bank should be prepared to raise interest rates sooner than currently anticipated. Read more...

The University of Michigan released a report on Wednesday showing consumer sentiment in the U.S. decreased by slightly less than initially estimated in the month of November. The report said the consumer sentiment index for November was upwardly revised to 67.4 from the preliminary reading of 66.8. Economists had expected the index to be upwardly revised to 66.9. Read more...

After reporting a sharp increase in U.S. new home sales in the previous month, the Commerce Department released a report on Wednesday showing new home sales saw continued growth in the month of October. The report said new home sales rose by 0.4 percent to an annual rate of 745,000 in October after spiking 7.1 percent to a downwardly revised rate of 742,000 in September. Read more...