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U.S. Consumer Sentiment Drops Less Than Initially Estimated In February
Consumer sentiment in the U.S. pulled back by less than initially estimated in the month of February, according to a report released by the University of Michigan on Friday. The report said the consumer sentiment index for February was upwardly revised…
U.S. New Home Sales Rebound Less Than Expected In January
After reporting a steep drop in U.S. new home sales in the previous month, the Commerce Department released a report on Friday showing that new home sales rebounded in the month of January. The report said new home sales climbed by 3.7 percent to an an…
European Economics Preview: France Consumer Confidence Data Due
Consumer sentiment from France is due on Friday, headlining a light day for the European economic news.
U.S. Weekly Jobless Claims Rise To 244,000
First-time claims for U.S. unemployment benefits saw a modest increase in the week ended February 18th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims rose to 244,000, an increase of 6,000 fro…
German Growth Improves On Spending; Consumer Sentiment To Fall
Germany’s economic growth accelerated, as initially estimated in the fourth quarter on robust domestic demand. However, a consumer confidence survey signaled a slowdown in spending this year as rising inflation and changes in the U.S. administration we…
European Economics Preview: Germany GDP, Gfk Consumer Sentiment Data Due
Revised quarterly national accounts and consumer sentiment from Germany are due on Thursday, headlining a light day for the European economic news.
Bank Of Korea Maintains Lending Rate At 1.25%
The Bank of Korea’s monetary policy board on Thursday voted to hold the nation’s benchmark interest rate unchanged at the record low 1.25 percent for the eighth straight month.
U.S. Existing Home Sales Rebound More Than Expected In January
After reporting a drop in U.S. existing home sales in the previous month, the National Association of Realtors released a report on Wednesday showing that existing home sales rebounded by more than expected in the month of January. NAR said existing ho…
German Business Confidence Improves Suggesting Stronger Growth Momentum
German business confidence unexpectedly improved in February on an upbeat assessment of the current economic situation and greater optimism for the future, adding to evidence that suggests growth is gaining momentum in the biggest euro area economy.
UK Q4 GDP Growth Tops Estimate On Manufacturing
The UK economy expanded more than initially estimated in the fourth quarter of 2016 on manufacturing activity, but the overall growth for the year slowed down due to weak stock-building. Gross domestic product advanced 0.7 percent sequentially in the f…