US existing home sales unexpectedly rise in November
WASHINGTON (Reuters) – U.S. existing home sales unexpectedly rose in November, but further gains as mortgage rates retreat from 23-year highs could be limited by a chronic shortage of houses on the…
New Zealand economy unexpectedly contracts in third quarter
By Lucy Craymer WELLINGTON (Reuters) – New Zealand’s economy unexpectedly contracted in the third quarter as a number of industries including manufacturing and construction saw activity slow and household spending eased. Official…
German exports unexpectedly drop in October
BERLIN (Reuters) – German exports unexpectedly fell in October, edging down 0.2% on the previous month as demand in the European Union slumped, data from the federal statistics office showed on Monday.…
US producer prices unexpectedly fall in October
WASHINGTON (Reuters) – U.S. producer prices fell by the most in three-and-a-half years in October amid a sharp drop in the cost of gasoline, the latest indication of subsiding inflation pressures. The…
Core inflation in Japan’s capital unexpectedly accelerates, BOJ in spotlight
By Leika Kihara and Takahiko Wada TOKYO (Reuters) -Core consumer inflation in Japan’s capital Tokyo, considered a leading indicator of nationwide trends, unexpectedly accelerated in October, a sign of broadening price pressures…
Ocean County Faces Pharmacy Crisis as Rite Aid Stores Close Unexpectedly
TOMS RIVER, NJ — Ocean County’s senior citizens confront an uncertain future as two Rite Aid pharmacies abruptly closed their doors this month, according to Joseph H. Vicari, Director of the Ocean…
Indonesia central bank unexpectedly raises rates amid falling rupiah
By Gayatri Suroyo and Stefanno Sulaiman JAKARTA (Reuters) – Bank Indonesia unexpectedly raised interest rates on Thursday to arrest the rupiah’s decline amid U.S. monetary tightening and rising geopolitical risks, with economists…
German retail sales fall unexpectedly in August
BERLIN (Reuters) – German retail sales unexpectedly fell in August, as persistently high inflation took its toll on consumption in the euro zone’s largest economy. German retail sales fell by 1.2% in…
French inflation unexpectedly slows in September as food price rises ease
PARIS (Reuters) – French inflation unexpectedly slowed in September as easing price rises in the food sector outpaced higher prices in the energy sector, preliminary EU-harmonised official data showed on Friday. French…
Acting president of Temple University in Philadelphia dies unexpectedly at 72
(Reuters) – The acting president of Temple University in Philadelphia, JoAnne Epps, fell ill on Tuesday while attending a memorial service on campus and died a short time later, the school said…
Philippines inflation unexpectedly quickens to 5.3% in August
By Neil Jerome Morales and Enrico Dela Cruz MANILA (Reuters) – Philippine inflation proved stubborn after it unexpectedly quickened for the first time in seven months in August, due largely to an…
China’s Aug factory activity picks up unexpectedly – Caixin PMI
BEIJING (Reuters) – China’s factory activity surprisingly returned to expansion in August, a private-sector survey showed on Friday, with supply, domestic demand and employment improving, suggesting official efforts to revive growth might…
Jobs Market Cools Following Unexpectedly High Economic Growth
Jobs Market Cools Following Unexpectedly High Economic Growth Will Kessler on August 4, 2023 The U.S. added 187,000 jobs in July, less than economists expected, as the unemployment rate fell to 3.5%,…
UK mortgage approvals and consumer credit jump unexpectedly in June: BoE
By Andy Bruce and David Milliken LONDON (Reuters) -British lenders approved more mortgages than expected in June and net unsecured lending to consumers shot up by the most in over five years,…
US core capital goods orders unexpectedly rise in June
WASHINGTON (Reuters) – New orders for key U.S.-manufactured capital goods unexpectedly rose in June, suggesting business spending on equipment could continue to grow after rebounding in the second quarter. Orders for non-defense…
Argentina annual inflation hits 114% but monthly rate slows unexpectedly
By Jorge Otaola BUENOS AIRES (Reuters) – Argentina’s annual inflation rate topped 114% in May, but in a silver lining for the embattled South American country the monthly rise came in well…
US core capital goods orders unexpectedly rebound in April
WASHINGTON (Reuters) – New orders for key U.S.-manufactured capital goods unexpectedly rebounded in April, raising cautious optimism that business spending on equipment could recover in the second quarter after recent back-to-back declines.…
Italy industry output falls unexpectedly in March
ROME, May 10 (Reuters) – Italian industrial output was weaker than expected in March, falling 0.6% from February to register a third consecutive month of contraction, data showed on Wednesday. A Reuters…
Euro zone investor morale unexpectedly dips in May
BERLIN (Reuters) – Investor morale in the euro zone took a surprising dip in May, with stubborn inflation and energy concerns upending expectations of a spring recovery, a survey showed on Monday.…
US pending home sales slump unexpectedly in March
(Reuters) – Contracts to buy U.S. previously owned homes tumbled unexpectedly in March to snap a three-month rebound, raising a caution flag about what had appeared to be a nascent recovery in…
Singapore unexpectedly leaves monetary policy unchanged as risks grow
SINGAPORE (Reuters) -Singapore’s central bank on Friday left its monetary policy settings unchanged, reflecting the city-state’s concerns about its growth outlook and surprising economists who had expected another round of tightening. The…
U.S. producer prices unexpectedly fall in March
WASHINGTON (Reuters) – U.S. producer prices unexpectedly fell in March as the cost of gasoline declined, and there were signs that underlying producer inflation was subsiding. The producer price index for final…
Canada’s economy unexpectedly stalled in Q4; January rebound likely
TORONTO (Reuters) – The Canadian economy recorded no growth in the final three months of 2022, massively underperforming expectations, though economic activity likely rebounded with a 0.3% increase in January, Statistics Canada…
Philadelphia Fed manufacturing gauge plunges unexpectedly
(Reuters) – Manufacturing activity in the Mid-Atlantic region dropped off sharply and unexpectedly in February, and goods producers reported input cost increases accelerated for the first time in 10 months while their…
U.S. construction spending unexpectedly fall in December
WASHINGTON(Reuters) – U.S. construction spending unexpectedly fell in December as investment in single-family homebuilding continued to slump amid higher mortgage rates. The Commerce Department said on Wednesday that construction spending dropped 0.4%…
Taiwan Q4 GDP unexpectedly shrinks, worst performance in 13 years
TAIPEI (Reuters) – Taiwan’s trade-dependent economy unexpectedly contracted in the fourth quarter, putting in its worst performance in 13 years, hit by a drop in exports on slowing global tech demand and…
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