Latest News for: Economist index

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Manufacturers brace for load shedding period after activity rebounds in April

Independent online (SA) 03 May 2024
Absa’s Corporate and Investment Bank senior economist, Sello Sekele, said the business activity index rose to well above 50 in April, following weak activity in March, and pointed to a strong start to the second quarter on base effects.
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Take Five: Surfin USA

Hindustan Times 03 May 2024
LONDON, - Central banks in Australia, Britain and Sweden will meet next week, as markets assess how much leeway the U.S ... Take Five. Surfin USA ... U.S ... Economists polled by Reuters expect the consumer sentiment index to rise to 77.9 from 77.2 in April ... ....
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U.S. stocks close mixed as traders digest Fed chair's message

China.dot.org 02 May 2024
The Nasdaq Composite Index shed 52.34 points, or 0.33 percent, to 15,605.48 ... Conversely, the manufacturing index from the Institute for Supply Management was reported at 49.2, below economists' forecast of 50.
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UK house prices dip in April as higher mortgage rates bite

AOL 01 May 2024
Property prices dropped by 0.4% between March and April, according to the Nationwide house price index. Economists had expected a small monthly rise of 0.2% ... Gardner, Nationwide’s chief economist.
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Using Powell’s Past Language to Predict His Next Move

Live Mint 01 May 2024
At a time when many economists expected the U.S ... Gura.&nbspAnna Wong is the chief U-S economist at Bloomberg Economics, and one of the brains behind Bloomberg Economics’ Fed sentiment index.  That’s a natural language processing algorithm.
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Americans’ pay gains rose faster than expected so far this year

CNN 30 Apr 2024
The Employment Cost Index rose a seasonally adjusted 1.2% last quarter, faster growth than the 0.9% increase the prior quarter, according to Bureau of Labor Statistics data released Tuesday ... Economists ...
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India’s March core sector growth declines again month-on-month due to poor performance of refinery products, fertilizers

Live Mint 30 Apr 2024
Crude production was up by around 2%,” said Madan Sabnavis, chief economist, Bank of Baroda.“The core sector numbers can mean growth of 5-6% in Index of Industrial Production (IIP) for the month,” Sabnavis added.
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McDonald's Korea to raise prices of 16 items next month

Korea Times 30 Apr 2024
Customers in a McDonald store in Seoul in this photo taken on Oct ... Newsis ... The Big Mac Index, developed by the Economist magazine in 1986, has been used as an informal way of measuring the purchasing power parity of different countries and currencies ... .
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RINGGIT CLOSES MARGINALLY LOWER AGAINST US DOLLAR AHEAD OF FED MEETING

Malaysian National News Agency 30 Apr 2024
Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said the US Dollar Index (DXY) gained some ground today to 105.896 points as markets await the Fed’s Federal Open Market ...
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Golden lining around dark cloud surrounding financial market

Independent online (SA) 29 Apr 2024
Although the US PCE Price Index increased on an annual basis by 2.7% in March, up from 2.5% in February, beating the 2.6% that was expected, traders, analysts and economist still expect the US Federal ...
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Spring has sprung, but chill winds still blow through the economy

The Times/The Sunday Times 27 Apr 2024
While waiting for the official data, economists tend to look at surveys, particularly those that form the basis of the purchasing managers’ index (PMI), which measures business-to-business activity ... Related articles. DAVID SMITH . ECONOMIC OUTLOOK ... .
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Big Tech rally propels US stocks to best week in 2024

The National 27 Apr 2024
The Dow Jones Industrial Average rose 0.4 per cent ... Read More ... US data also boosted sentiment, with the personal consumption expenditures (PCE) price index up 0.3 per cent in March, in line with estimates by economists ... April 27, 2024, 5.33 AM ... ....
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The Fed’s preferred inflation gauge just moved in the wrong direction

CNN 26 Apr 2024
While many economists prefer to measure the nation’s inflation levels using the monthly Consumer Price Index, the Fed targets inflation through PCE.
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US inflation hits 2.8 pct on yearly basis, exceeds expectations

Kuna 26 Apr 2024
WASHINGTON, April 26 (KUNA) -- Inflation in the US rose by 2.8 percent in March on a yearly basis, exceeding forecast of economists, the Department of Commerce said Friday ... Excluding food and energy, the PCE price index increased 0.3 percent.
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