Economic News

The UK manufacturing sector continued its recovery from the coronavirus-induced economic slump in September, but the pace of growth was slightly less than initially estimated, survey data from IHS Markit showed on Thursday. The seasonally adjusted IHS Markit/CIPS Purchasing Managers' Index for manufacturing fell slightly to 54.1 from August's two-and-a-half year high of 55.2. Read more...

South Africa's purchasing managers' index for the manufacturing sector continued to improve in September, survey data showed Thursday. The PMI rose to 58.3 from 57.3 in August. The index is compiled by the Bureau for Economic Research and sponsored by Absa. In July, the reading was 51.2. A... Read more...

Euro area producer prices continued to fall in August, though the pace of decline slowed more-than-expected, preliminary data from Eurostat showed on Thursday. Producer prices on the domestic market decreased 2.5 percent year-on-year following a 3.1 percent fall in July, which was revised from 3.3... Read more...

Reflecting a decrease in unemployment insurance benefits, the Commerce Department released a report on Thursday showing a steep drop in U.S. personal income in the month of August. Read more...

First-time claims for U.S. unemployment benefits declined by more than expected in the week ended September 26th, according to a report released by the Labor Department on Thursday. Read more...

Partly reflecting tremendously low mortgage rates, the National Association of Realtors released a report on Wednesday showing pending home sales in the U.S. jumped to a record high in the month of August. NAR said its pending home sales index spiked by 8.8 percent to 132.8 in August after surging up by 5.9 percent to 122.1 in July. Read more...