India's economy grew at the slowest pace in more than six years during the three months to December and the outlook does not look promising in the near term amid the coronavirus spreading across the world.
Gross domestic product grew 4.7 percent in the October to December quarter, official data showed...
Consumer sentiment in the U.S. improved by slightly more than initially estimated in the month of February, revised data from the University of Michigan revealed on Friday. The consumer sentiment index for February was upwardly revised to 101.0 from the preliminary reading of 100.9. Economists had expected the index to be unrevised.
Chicago-area business activity saw only a slight contraction in the month of February, according to a report released by MNI Indicators on Friday. MNI Indicators said its Chicago business barometer jumped to 49.0 in February from 42.9 in January, although a reading below 50 still indicates a contraction in regional business activity.
While the Commerce Department released a report on Friday showing U.S. personal income increased by much more than expected in the month of January, the report also showed a smaller than expected uptick in personal spending.
German unemployment declined unexpectedly in February, the Federal Employment Agency revealed Friday. The number of people out of work decreased 10,000 in February, confounding expectations for an increase of 5,000.
France's economic growth for 2019 was upwardly revised on robust consumption and investment, detailed results from the statistical office Insee showed on Friday.
Another report showed a slowdown in consumer price inflation in February driven by energy and food prices. Gross domestic product grew 1.3 percent in 2019 instead of 1.2 percent estimated initially.
UK house price inflation was the highest in 18 months in February, survey data from the Nationwide Building Society showed on Friday.
The house price index rose 2.3 percent year-on-year after a 1.9 percent increase in January. The figure was in line with economists' expectations.
The latest house...
Unemployment and flash consumer price reports are due from Germany on Friday, headlining a busy day for the European economic news. At 2.00 am ET, Destatis releases Germany's unemployment and import price figures. Economists forecast import prices to fall 0.3 percent on year in January, following a 0.7 percent fall in December.
Industrial production in Japan climbed a seasonally adjusted 0.8 percent on month in January, the Ministry of Economy, Trade and Industry said in Friday's preliminary reading.
That beat forecasts for an increase of 0.2 percent following the 1.2 percent gain in December.
On an annual basis, industrial...
Industrial production in South Korea dropped a seasonally adjusted 1.3 percent on month in January, Statistics Korea said on Friday - following the 3.7 percent jump in December.
On a yearly basis, industrial production dropped 2.4 percent following the 6.2 percent spike in the previous month.
The...
The U.S. dollar was weak against most major currencies on Thursday, amid rising speculation the Federal Reserve will cut interest rates sometime in the near futures to help offset the possible impact of the coronavirus outbreak on the economy.
After reporting a steep drop in pending home sales in the U.S. in the previous month, the National Association of Realtors released a report on Thursday showing pending home sales rebounded by much more than anticipated in the month of January. NAR said its pending home sales spiked by 5.2 percent to 108.8 in January after plunging by 4.3 percent to a revised 103.4 in December.
A report released by the Commerce Department on Thursday showed the pace of U.S. economic growth in the fourth quarter of 2019 was unrevised from the initial estimate. The Commerce Department said real gross domestic product increased by 2.1 percent in the fourth quarter, unchanged from the estimate provided last month and in line with economist estimates.
Reflecting a sharp drop in volatile defense orders, the Commerce Department released a report on Thursday showing a modest decrease in U.S. durable goods orders in the month of January. The Commerce Department said durable goods orders edged down by 0.2 percent in January after spiking by an upwardly revised 2.9 percent in December.
First-time claims for U.S. unemployment benefits climbed by more than expected in the week ended February 22nd, according to a report released by the Labor Department on Thursday. The report said initial jobless claims rose to 219,000, an increase of 8,000 from the previous week's revised level of 211,000.