Sales of new US homes up in February but tariffs cast a pallSales of new homes in the US increased slightly in February, reaching an annual rate of 676,000, though this was under expectations. Despit...
25 Mar, 2025, 08.24 PM IST
US slowdown imperils China’s path to export-driven recoveryA downshift in the US would upend priorities for China, which has seized on a resurgent American economy post-pandemic to let domestic cons...
08 Aug, 2024, 10.12 AM IST
US consumer sentiment falls slightly as outlook for inflation worsensThe University of Michigan's consumer sentiment index, released Friday in a preliminary version, slipped to 77.9 this month, down from Marc...
12 Apr, 2024, 09.37 PM IST
US industrial production edges higher in DecemberUS industrial production beat expectations to increase slightly in December, fueled by growth in manufacturing and mining, the Federal Rese...
17 Jan, 2024, 09.47 PM IST
China 2023 economic growth tipped to be weakest in decadesChina's economy is anticipated to reveal its weakest annual growth in over three decades in 2023, likely expanding by 5.2%, according to ex...
15 Jan, 2024, 09.42 AM IST
UK economy stronger than estimates in 1st quarter: dataIt is now thought that the UK economy grew by 1.8 % between the final quarter of 2019 -- or before the start of the Covid pandemic -- and t...
30 Sep, 2023, 12.00 AM IST
The Fed wants to cool spending; a strike, a shutdown and student loans may add iceThe U.S. Federal Reserve officials are facing new risks to their goal of squelching inflation without a recession. The officials will meet ...
18 Sep, 2023, 03.48 PM IST
US retail sales weaker than expected in JuneUS retail sales increased only 0.2% to $689.5bn in June as the consumption remained inactive with the inflation easing. The sales of auto v...
18 Jul, 2023, 07.10 PM IST
Mexico’s booming exports provide more evidence of nearshoringMexico recorded a trade deficit of $74 million in the month of May, significantly less than $1.5 billion in April.
28 Jun, 2023, 09.38 AM IST
US retail sales grow at slower pace on falling gas station salesThe data point is the latest in a number of signals that the world's biggest economy is cooling after 10 Federal Reserve interest rate hike...
15 Jun, 2023, 06.54 PM IST
King Charles' coronation will be an economic boost, Buckingham Palace saysKing Charles and his wife, Camilla, are to be crowned at Westminster Abbey this Saturday in a historic event that will involve around 7,000...
04 May, 2023, 12.41 AM IST
US private hiring, services activity cool in MarchThe data offers a preview of the government employment report due on Friday, although ADP's figures do not always align with official numbe...
05 Apr, 2023, 08.44 PM IST
UK retail sales drop on weaker online shopping"The drop in retail sales in November suggests that consumers are buckling under the pressure of surging... inflation, despite additional g...
17 Dec, 2022, 01.54 AM IST
UK is not in recession, claims Office of National Statistics dataContrary to an initial figure suggesting the UK economy had shrunk in the second quarter of this year, revised official data revealed that ...
30 Sep, 2022, 06.58 PM IST
Public holiday on Queen Elizabeth II's funeral most likely to pull UK's GDP down, Here’s howSome economists have suggested that an extra public holiday marked on September 19 for Queen Elizabeth II's funeral can hurt the UK economy...
12 Sep, 2022, 05.19 PM IST
New home sales in America surge 20.7 percent in March, says governmentThe increase pushed the annualized sales rate to more than one million single-family homes, the Commerce Department reported, its highest l...
23 Apr, 2021, 09.01 PM IST
Drop in US jobless claims small bright spot in troubled labor marketNew US jobless claims fell to 712,000 last week, a better-than-expected decline of 75,000, seasonally-adjusted, the Labor Department report...
04 Dec, 2020, 06.11 AM IST