Euro zone inflation accelerated as expected in December, an estimate from the EU statistics office Eurostat showed on Tuesday, while retail sales turned out stronger than predicted in a sign Continue Reading
Euro zone business activity remained close to stagnation at the end of last year, a survey showed on Monday, as an upturn in services activity only partially offset a continued Continue Reading
Several major car companies reported softer U.S. sales for 2019, as the auto market shows signs of easing after posting a multiyear streak of near-record results. General Motors Co.’s sales Continue Reading
The U.S. factory sector headed into 2020 on a weak footing, contracting in December for a fifth consecutive month as trade tensions continued to pressure manufacturers. The Institute for Supply Continue Reading
The US manufacturing sector contracted in December at its quickest pace since the financial crisis, undershooting Wall Street forecasts for a slight improvement in conditions. The Institute for Supply Management said Continue Reading
Gold prices rose and a gauge of global equity markets hit an all-time high on Thursday in light holiday trade as a year-end rally on Wall Street advanced further on Continue Reading
The eurozone economy will slow down in 2020 for the third consecutive year, according to a Financial Times poll of economists, who forecast it will be held back by political Continue Reading
World stocks flatlined near record highs on Tuesday and remained on track for their best year in a decade, as China’s latest policy easing pledges added to the optimism generated Continue Reading
New orders for key U.S.-made capital goods barely rose in November and shipments fell, suggesting business investment will probably remain a drag on economic growth in the fourth quarter. The Continue Reading
That was well off from expectations. Economists surveyed by The Wall Street Journal had projected a 1.2% increase. Declining orders for military equipment was the primary cause. Orders for defense Continue Reading
World stocks touched record highs on Friday, as trading wound down before the year-end holidays, while the British pound was heading towards its worst week for more than two years Continue Reading
The mood among German consumers deteriorated unexpectedly heading into January, a survey showed on Friday, suggesting that household spending in Europe’s largest economy could weaken at the beginning of next Continue Reading
The U.S. economy is heading into 2020 at a pace of steady, sustained growth after a series of interest rate cuts and the apparent resolution of two trade-related threats mostly Continue Reading
Euro zone business growth remained weak in December, with tepid foreign demand exacerbating a contraction in manufacturing and offsetting a slight pick-up in services activity, although some analysts saw signs Continue Reading
The German economy is more or less stagnating, the economy ministry said on Monday, adding there are initial signs that an industrial recession could be coming to an end as Continue Reading
U.S. retail sales increased less than expected in November as Americans cut back on discretionary spending despite a strong labor market, raising fears the economy was slowing a bit faster Continue Reading
The U.S. economy is decelerating into an election year and could print below-trend growth by 2H20. Manufacturing, employment, and inflation have all been in downturns for one year, hence why Continue Reading
Euro zone industrial production fell as expected in October because of a decline in the output of capital goods used for investment, estimates from the European Union’s statistics office Eurostat Continue Reading
Many people have the impression that recessions come from financial missteps, such as the US subprime loan fiasco. If energy is involved at all, the problem comes from high oil Continue Reading
The U.S. job market strengthened in November, as hiring jumped and unemployment fell, adding fuel to the economic expansion. Employers added 266,000 jobs in November and the jobless rate fell Continue Reading
Germany’s industrial output unexpectedly dropped in October, reviving worries about its economic growth outlook as its manufacturing backbone takes a blow from global trade conflicts and disruptions in the auto Continue Reading
The global car market will have shrunk faster in 2019 than at the height of the financial crisis, with 4m fewer vehicles sold than last year, according to the lobby Continue Reading
The euro zone economy grew at a modest pace in the third quarter with a negative impact from trade, while retail sales fell at their sharpest rate this year in Continue Reading
French President Emmanuel Macron has staked his reputation on reforming France A nationwide strike has severely disrupted schools and public transport across France. Workers are angry at being forced to Continue Reading
Over the past half-century, the U.S. has evolved from an industrial superpower into the undisputed champion of the global services economy. From 2003 to 2015, the U.S. trade surplus in Continue Reading
The Institute for Supply Management said in its monthly survey the index measuring domestic factory activity fell to 48.1last month from 48.3 in October amid weakness in new orders and Continue Reading
British manufacturers cut jobs last month at the fastest rate since 2012, a survey showed on Monday, as pressures from Brexit and a global trade slowdown caused the sector’s longest Continue Reading
Little more than a decade after consumers binged on inexpensive mortgages that helped bring on a global financial crisis, a new debt surge — this time by major corporations — Continue Reading
Daimler AG aims to slash thousands of jobs over the next three years and cut labor costs by $1.5 billion, the latest round of cost cuts in a sector squeezed Continue Reading
The U.S. economy expanded modestly from October to mid-November and the outlook for growth was generally positive while labor markets remained tight across the country, the Federal Reserve said in Continue Reading
The U.S. economic expansion remained on solid ground as it entered the fourth quarter, although some signs pointed to weaker consumer spending this holiday season. An initial snapshot of the Continue Reading
World trade contracted sharply in September, dashing hopes that the global downturn that has been weighing on exporters had bottomed out. The volume of global trade dropped by 1.3 percent in Continue Reading
Business activity in the U.S. is offering signs of a pickup in late 2019, contrasting with more sluggish economic performances in some of the world’s other largest economies. Data company Continue Reading
House Speaker Nancy Pelosi cast doubt Thursday on whether Congress will be able to pass President Trump’s renegotiated North American trade agreement this year. “I’m not even sure if we Continue Reading
Americans are hungry for personal loans that they can use as quick cash to pay for anything from vacations to credit card debt, a potential red flag for the economy. Continue Reading
The global economy is at risk of settling into a low-growth rut without urgent action to roll back recently erected obstacles to trade and greater investment in tackling climate change, Continue Reading
Retailers gave a mixed read on consumer spending heading into the pivotal holiday season, with department store chain Kohl’s Corp. and Home Depot Inc. reporting weak demand, but discounter TJX Continue Reading
While almost everyone in Washington is glued to impeachment developments, Europe has been quietly drifting toward a recession. This is bad news for Christine Lagarde, the former head of the Continue Reading
Consumers, salespeople and lenders are treating cars a lot like houses during the last financial crisis: by piling on debt to such a degree that it often exceeds the car’s Continue Reading
World shares climbed back toward record highs on Tuesday, as hopes that Washington may roll back some of the tariffs it has imposed on Chinese imports rekindled optimism on the Continue Reading
People around the world are taking to the streets to protest against rising living costs and real or perceived injustice. They feel the economy is not working for them – Continue Reading
Energy efficiency has tremendous potential to boost economic growth and avoid greenhouse gas emissions, but the global rate of progress is slowing, according to a new report by the International Continue Reading
Factory output continued to weaken in many parts of the world during October, according to surveys of purchasing managers, though there were signs of mild improvement in the U.S. Over Continue Reading
U.S. economic growth slowed less than expected in the third quarter as a further contraction in business investment was offset by resilient consumer spending, further allaying financial market fears of Continue Reading
Dogged by uneasiness over trade frictions and weak global growth, the American economy’s growth inched lower over the summer. Gross domestic product — the broadest measure of goods and services Continue Reading
Euro zone economic growth in the third quarter defied market expectations of a slowdown and was steady quarter-on-quarter, preliminary data showed on Thursday, while headline inflation slowed because of a Continue Reading
At this week’s biennial Tokyo Motor Show, Toyota Motor Corp.’s booth didn’t feature any cars its customers can buy. Instead, the company showcased a mobile service that gives you a Continue Reading
The U.S. economy likely slowed further in the third quarter, held back by a moderation in consumer spending and declining business investment, which could spur the Federal Reserve to cut Continue Reading
German exports will shrink next year for the first time since the global financial crisis over a decade ago, the DIHK Chambers of Industry and Commerce said on Wednesday, as Continue Reading
This has been a difficult year for American manufacturers, marked by trade war volleys and a global economy that is running out of steam. Output, investment and employment are down Continue Reading
