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  • US employers added more workers than forecast last month, a sign the world’s largest economy was recovering from a weather-induced slowdown that saw job creation in December and January fall to the lowest level in three years. Employers added 175,000 payrolls last month, after a revised 129,000 increase in January, the Labor Department reported today

  • H.S. Borji

    The US service economy expanded at the slowest pace in four years, as bad weather disrupted the flow of business and pace of hiring. The Institute for Supply Management’s gauge of national services activity decreased from 54 to 51.6 in February. A consensus of economists surveyed by Reuters called for 53.5. Despite the decline, February

  • Manufacturing output in the world’s largest economy gained traction in February, after a prolonged bout with severe weather strained factory activity the prior month. The Institute for Supply Management’s gauge of national manufacturing activity rose in February from 51.3 to 53.2. A median estimate of economists polled by Reuters forecast a gain of 0.7 percentage

  • The Eurozone manufacturing industry expanded for the eighth consecutive month, as output and new orders continued to drive recovery. Markit Group’s gauge of Eurozone manufacturing activity declined from 54 to 53.2 in February. Despite the fall, the PMI was 0.2 percentage points above forecasts, according to a median estimate of economists polled by Reuters. A

  • German retail sales in January rose at the fastest rate in seven years, a sign domestic consumption will continue to drive recovery in Europe’s largest economy. Retail sales increased 2.5 percent in January, following a revised 2.1 percent decline the prior month, official data from the Federal Statistics Office revealed today. Annually, retail revenues increased

  • Business » US Durable Goods Fall Less than Forecast
    February 27, 2014, 19:33 GMT

    New orders for US durable goods declined less than forecast in January, a sign factory activity was stabilizing after the winter slowdown. Orders for manufactured goods meant to last three years or more declined 1 percent in January, after plunging 5.3 percent in December, official data from the Commerce Department revealed today. Economists polled by

  • Forex » German Unemployment Declines in February
    February 27, 2014, 19:25 GMT

    Unemployment in Germany declined for a third consecutive month, a sign employers in Europe’s largest economy are growing more confident in recovery. Germany’s unemployment count declined by a seasonally adjusted 14,000 to 2.914 million, after falling 28,000 the previous month, official data from Federal Statistics Office showed today. A median estimate of economists polled by

  • Business » US Home Sales Surge in January
    February 26, 2014, 18:40 GMT

    The sale of new US homes surged last month, a sign the housing market maintained its recovery pace amid a weather-induced slowdown. New US home sales rose 9.6 percent to a seasonally adjusted annual rate of 468,000, official data from the Commerce Department showed today. The monthly rate, which was the highest in five-and-a-half years,

  • US consumer confidence declined moderately in February, as concerns over the short-term outlook weighed on sentiment. The Conference Board’s gauge of consumer confidence declined from 79.4 to 78.1 in February. The median forecast in a Reuters poll called for 80. The confidence indicator rose to a five-month high in January on positive appraisals of the

  • US housing starts and building authorizations plunged in January, as severe weather accentuated already-existing weakness in the housing market. Groundbreaking in January declined 16 percent to a seasonally adjusted annual rate of 880,000, official data from the Commerce Department showed today. The decline follows a revised 1.05 million-unit pace in December. Meanwhile, building permits tumbled

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