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  • Confidence among US homebuilders fell sharply in February, as severe weather in the Midwestern and eastern United States put a dent in the housing sector. The Housing Market Index, courtesy of the National Association of Home Builders, plunged 10 points to 46 this month. Economists in a Reuters poll forecast no change from the previous

  • Industrial output in the Eurozone fell sharply in December, a sign the currency region continues to struggle in its recovery efforts. Eurozone industrial production in December declined at a faster pace than forecast, the European Commission’s statistics branch showed today. The sharp decrease followed a gain of 1.6 percent in November. On an annualized basis,

  • US wholesale inventories rose at a slower pace than forecast in December, fueling speculation the government may trim its estimate for fourth quarter GDP growth. Wholesale inventories rose 0.3 percent in December, official data from the Commerce Department showed today. Economists in a Reuters poll forecast a gain of 0.5 percent, in line with the

  • The US economy in January added fewer jobs than forecast, capping off the weakest two months of job growth in three years. US employers added 113,000 payrolls last month, official data from the Labor Department showed today. The figure follows a revised 75,000 gain the prior month. Official data diverged significantly from Wednesday’s ADP report

  • The UK service economy expanded at a slower rate in January, as new business growth fell to its lowest level in eight months. Markit Group’s gauge of UK service activity in January eased from 58.8 to 58.3. A median estimate of economists polled by Reuters called for 59. With a reading well above 50, however,

  • Eurozone manufacturing activity in January expanded at the fastest pace in more than two-and-a-half years, a sign recovery in Europe is gaining traction at the start of 2014. Markit Group’s gauge of manufacturing activity rose 0.9 percentage points to 53.9 in January, a 32 month high. Economists polled by Reuters called for 53.0. Production output,

  • Business » US Retail Sales Expand Faster than Forecast
    December 12, 2013, 17:32 GMT

    Retail sales in the United States exceeded forecasts in November, as bargain hunters took advantage of the holiday season. Retail purchases increased 0.7 percent, according to official data from the Commerce Department. The median estimate of 83 economists surveyed by Bloomberg called for a 0.6 percent hike. Retail service activity increased at the fastest pace

  • US stocks were in a state of flux for most of the New York trade before falling broadly on consumer confidence. Personal consumer confidence in economic activity is weaker in August than it was previously, a report by Reuters and the University of Michigan showed. The Consumer Sentiment Index declined to 80.0 for August, more

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