The numbers: Business conditions at U.S. companies deteriorated again in November and pointed to a slowing economy. The “flash” U.S. services sector index drop to a three-month low of 46.1 Read more
Tag: economic growth
Durable-goods orders jump 1%, but momentum unlikely to last as U.S. economy slows
The numbers: Orders at American factories for long-lasting goods such as autos and computers jumped 1% in October, marking a strong showing that probably isn’t sustainable because of a slowing U.S. Read more
Economy may be in a recession already, Conference Board says, after leading index drops for eighth straight month
The U.S. leading economic index fell 0.8% in October, the Conference Board said Friday. Economists polled by The Wall Street Journal had expected a 0.4% fall. This is the eighth Read more
Recessions always spur big layoffs, but the Fed thinks this time might be different
Can the Federal Reserve slow the economy and crush high inflation without triggering mass layoffs? Top officials at the central bank think they can pull it off. Most economists predict Read more
Consumer sentiment hits lowest level since June as fear of recession looms
The numbers: Consumer sentiment soured in November, hitting its lowest level since July as Americans contended with continued inflation and a worsening economic outlook. The University of Michigan’s gauge of Read more
Consumer sentiment hits lowest level since June as fear of recession looms
The numbers: Consumer sentiment soured in November, hitting its lowest level since July as Americans contended with continued inflation and a worsening economic outlook. The University of Michigan’s gauge of Read more
EU lowers 2023 growth outlook, raises nflation forecasts as war in Ukraine takes toll
The European Commission lowered 2023 growth expectations for the eurozone economy and raised inflation forecasts on Friday, with Russia’s invasion of Ukraine denting global demand and reinforcing inflationary pressures. Gross Read more
EU lowers 2023 growth outlook, raises nflation forecasts as war in Ukraine takes toll
The European Commission lowered 2023 growth expectations for the eurozone economy and raised inflation forecasts on Friday, with Russia’s invasion of Ukraine denting global demand and reinforcing inflationary pressures. Gross Read more
U.K. on track for recession as economy contracts in third quarter
The U.K. economy contracted in the three months through September, as high energy prices and rising interest rates mark the beginning of what policy makers expect will be a long-lasting Read more
Homebuilder Persimmon’s shares hit by sales drop, warning over ‘deteriorating’ economic outlook
Stock in giant U.K. homebuilder Persimmon tumbled on Tuesday after the FTSE 100 company posted a drop in sales, scrapped its dividend and gave a grim outlook for next year’s Read more