Confidence among German businesses continued to improve, reaching a 16-month high in August, as companies are more satisfied with their current situation amid the economy moving up a gear. The business confidence index improved more-than-expected to 107.5 in August, the highest since April 2012, from 106.2 in July, results of an Ifo Institute survey showed Tuesday.
Investors have been concerned that the tapering of stimulus measures by the Federal Reserve would begin at the bank's September meeting. Those concerns have begun to ease after Friday's disappointing
new home sales data and today's weaker than expected durable goods orders report. The dollar has bounced...
New orders for U.S. manufactured durable goods fell by much more than expected in the month of July, according to a report released by the Commerce Department on Monday.
The report said durable goods orders tumbled by 7.3 percent in July following a 3.9 percent increase in June. Economists had expected orders to fall by about 4.0 percent.
New Zealand recorded a larger-than-expected trade deficit in July, which was also the widest for the month since 2008, amid higher imports and a fall in crude and dairy exports, the latest figures from Statistics New Zealand showed Monday. The trade balance moved to a deficit of NZ$774 million in July from a surplus of NZ$374 million in June. Economists had forecast a deficit of NZ$16 million.
The dollar has weakened against all of its major competitors on Friday, following the release of the weaker than expected new home sales report. The U.S. currency had been staging a comeback over the past few sessions from a bout of recent weakness. New home sales in the U.S. fell by much more than...
New home sales in the U.S. fell by much more than anticipated in the month of July, according to a report released by the Commerce Department on Friday, which also showed a substantial downward revision to the data for June. The report said new home sales tumbled 13.4 percent to an annual rate of 394,000 in July from the revised June rate of 455,000.
The rebound in exports and strong investment helped the U.K. economy to recover at a faster-than-initially-estimated pace in the second quarter. The economy expanded 0.7 percent sequentially in the second quarter, the Office for National Statistics said Friday. The rate exceeded the initial estimate of 0.6 percent and the first quarter's 0.3 percent expansion.
Germany confirmed its robust recovery during the second quarter, with domestic spending and investment boosting growth to the fastest pace since the start of 2012. The economy expanded as initially estimated by 0.7 percent in the second quarter from the previous three-month period, detailed results published by Destatis showed Friday.
The dollar has been attempting to rebound from recent weakness against its major competitors, but those efforts seem to have stalled out following the release of the weekly jobless claims data. The release of the minutes from the most recent FOMC meeting appears to have eased investor concerns over tapering...
Suggesting better economic and job growth in the second half of 2013, the Conference Board released a report on Thursday showing that its index of leading U.S. economic indicators rose by slightly more than expected in the month of July. The Conference Board said its leading economic index increased by 0.6 percent in July after coming in unchanged in June.
After reporting first-time claims for U.S. unemployment benefits at a more than five-year low in the previous week, the Labor Department released a report on Thursday showing that initial jobless claims rebounded by more than expected in the week ended August 17th. The Labor Department said initial jobless claims rose to 336,000 from the previous week's revised figure of 323,000.
Eurozone's private sector business activity expanded at the sharpest pace in more than two years in August, driven by the robust performance in Germany, preliminary results of the
purchasing managers' survey by Markit Economics revealed Thursday. Although the survey suggests that the region will gain momentum going forward, ongoing contraction in France is likely to weigh on the pace of recovery.
Flash purchasing managers' survey data from Eurozone is due on Thursday, headlining a light day for the European economic news.
Chinese manufacturing activity bounced back from contraction territory in August, as new orders recovered, preliminary results of a survey by Markit Economics and HSBC revealed Thursday. The flash HSBC purchasing managers' index rose to 50.1 in August from a 11-month low of 47.7 in July. Economists had expected the index to increase to 48.2. Readings above 50 indicate expansion of the sector.
Existing
home sales in the U.S. rose by much more than anticipated in the month of July, according to a report released by the National Association of Realtors on Wednesday. NAR said existing home sales jumped 6.5 percent to a seasonally adjusted annual rate of 5.39 million in July from a downwardly revised 5.06 million in June.
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