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…
Japan Nov household spending unexpectedly falls 1.2% year/year
TOKYO (Reuters) – Japanese household spending fell 1.2% in November from a year earlier, government data showed on Tuesday, versus a median market forecast for a 0.5% gain. On a seasonally-adjusted month-on-month…
German exports unexpectedly fall in November
BERLIN (Reuters) -German exports unexpectedly fell in November as high inflation and market uncertainty continue to weigh on Europe’s largest economy despite fading supply chain problems. Exports fell by 0.3% on the…
Tesla Unexpectedly Paused Production At Chinese Facility Early As Demand Slumps: REPORT
Tesla Unexpectedly Paused Production At Chinese Facility Early As Demand Slumps: REPORT John Hugh DeMastri on December 26, 2022 Tesla temporarily halted production at its Shanghai factory on Dec. 24, starting an…
U.S. new home sales unexpectedly rise in October
WASHINGTON (Reuters) – Sales of new U.S. single-family homes unexpectedly jumped in October, shrugging off rising mortgage rates and house prices, which have drastically eroded affordability. New home sales rebounded 7.5% to…
Philadelphia Fed factory activity index drops unexpectedly
(Reuters) – A gauge of manufacturing activity in the U.S. mid-Atlantic region fell unexpectedly this month to its lowest level – outside of the coronavirus pandemic – since 2011 as firms reported…
Bayonne cop dies unexpectedly while on duty
BAYONNE, NJ – The Bayonne Police Department today is mourning the loss of a member of their ranks. Overnight, the department announced the unexpected death of Captain Paul Jamolawicz. At this time,…
U.S. construction spending unexpectedly rebounds in September
WASHINGTON (Reuters) – U.S. construction spending unexpectedly rebounded in September, amid a surge in investment in nonresidential structures that offset a further decline in outlays on single-family homebuilding. The Commerce Department said…
U.S. core capital goods orders unexpectedly fall in September
WASHINGTON (Reuters) – New orders for U.S.-made capital goods unexpectedly fell in September, the Commerce Department said on Thursday, suggesting a loss of momentum in business spending on equipment at the end…
Swiss inflation unexpectedly slows in September
ZURICH (Reuters) – Swiss consumer price inflation slowed to 3.3% in September but still surpassed the Swiss National Bank’s 0-2% target range for the eighth month in a row. Economists had expected…
UK mortgage approvals jump unexpectedly in August: BoE data
LONDON (Reuters) – British lenders approved many more mortgages than expected in August, Bank of England data showed on Friday. Mortgage approvals rose to 74,340 last month, up from 63,740 in July…
U.S. new home sales unexpectedly rise in August
WASHINGTON (Reuters) – Sales of new U.S. single-family homes unexpectedly increased in August, but the rebound is likely temporary, with the 30-year fixed mortgage rate soaring to levels last seen during the…
Philadelphia Fed manufacturing index unexpectedly rises in August
(Reuters) – A gauge of factory activity in the U.S. Mid-Atlantic region unexpectedly accelerated in August to the briskest pace since April and firms reported input price pressures eased to the lowest…
Euro zone business lending unexpectedly surges in June
FRANKFURT – Lending to euro zone companies accelerated in June, confounding fears that banks are tightening access to credit as uncertainty about inflation and the fallout of the war in Ukraine are…
Thai factory output unexpectedly dips 0.08% y/y
BANGKOK – Thailand’s manufacturing production index (MPI) in June dropped 0.08% from a year earlier, dragged down by lower production of hard disk drives, plastic pellets and steel, the industry ministry said…
U.S. construction spending unexpectedly falls in May
WASHINGTON – U.S. construction spending unexpectedly fell in May as single-family homebuilding stalled, more evidence that the Federal Reserve’s aggressive monetary policy tightening was slowing the economy. The Commerce Department said on…
U.S. pending home sales unexpectedly rebound in May
WASHINGTON – Contracts to buy U.S. previously owned homes unexpectedly increased in May after declining for six straight months, but higher mortgage rates are cooling demand for housing. The National Association of…
German retail sales unexpectedly fall in March
BERLIN – German retail sales fell unexpectedly in March as the war in Ukraine leads to price increases, data showed on Monday. The Federal Statistics Office said retail sales were down 0.1%…
U.S. leading economic indicator unexpectedly falls in January
WASHINGTON – A gauge of future U.S. economic activity fell in January for the first time in nearly a year amid a resurgence in COVID-19 cases, high inflation and supply chain disruptions,…
Jobless Claims Jump To 362,000, Unexpectedly Increase Again
The number of Americans filing new unemployment claims increased to 362,000 last week as the economy continues to slowly recover from the coronavirus pandemic. The Bureau of Labor Statistics figure released Thursday…
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