Latest news with #economists
Wall Street Journal
5 hours ago
- Business
- Wall Street Journal
Philadelphia Area Factory Activity Remains Subdued
Manufacturing activity in the Philadelphia area contracted at a similar pace this month, with a worsening view of future activity, a monthly survey showed. The Federal Reserve Bank of Philadelphia said Friday that its index for business activity held at minus 4.0, the same as in May. The reading below zero points to contraction in the region's factory activity. Economists had expected the index to rise slightly to minus 2.0.
Bloomberg
6 hours ago
- Automotive
- Bloomberg
Canada Retail Sales Fell 1.1% in May, Largest Drop in a Year
The strain on Canadian consumers became more evident last month after a rush to buy cars ahead of price increases from tariffs appeared to come to an end. An advance estimate suggests receipts for retailers plunged 1.1% in May, the biggest decline in a year, Statistics Canada said Friday. That more than reversed April's 0.3% gain, which was slightly lower the median projection in a Bloomberg survey of economists.
Reuters
12 hours ago
- Business
- Reuters
UK public finances show 17.7 billion-pound deficit in May
LONDON, June 20 (Reuters) - Britain's government borrowed 17.686 billion pounds ($23.84 billion) in May, official data showed on Friday. A Reuters poll of economists showed a median forecast of 17.1 billion pounds for public sector net borrowing. ($1 = 0.7447 pounds)
Bloomberg
13 hours ago
- Business
- Bloomberg
UK Retail Sales Plunge 2.7% in Worrying Sign for Economic Growth
UK retail sales plummeted in May, the first time they have fallen this year, in a sharp reversal that suggests the economy could be struggling in the second quarter. The volume of goods sold online and in stores dropped 2.7% after four consecutive monthly increases, the Office for National Statistics said on Friday. It was far worse than the 0.5% fall expected by economists and the biggest drop since December 2023.
Reuters
13 hours ago
- Business
- Reuters
UK retail sales fall in May
LONDON, June 20 (Reuters) - British retail sales fell 2.7% on the month in May, official figures showed on Friday. Economists polled by Reuters had a median forecast that retail sales would drop by 0.5%.
