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Monthly archive May, 2019

European Economics Preview: Germany GDP Data Due

Quarterly national accounts data from Germany is due on Wednesday, headlining a busy day for the European economic news. At 2.00 am ET, Destatis publishes Germany's GDP data. Economists forecast the largest euro area economy to expand 0.4 percent sequentially Read More →

German GDP Grows In Q1

Germany's economy expanded for the first time in three quarters, driven by domestic demand, preliminary data from Destatis showed Wednesday. Gross domestic product advanced 0.4 percent sequentially in the first quarter, after staying flat in the fourth quarter and contracting Read More →

U.S. Retail Sales Unexpectedly Pull Back In April

Reflecting a sharp pullback in auto sales, the Commerce Department released a report on Wednesday showing an unexpected drop in U.S. retail sales in the month of April. The Commerce Department said retail sales edged down by 0.2 percent in Read More →

New York Manufacturing Growth Unexpectedly Accelerates In May

New York manufacturing activity has picked up significantly in the month of May, according to a report released by the Federal Reserve Bank of New York on Wednesday. The New York Fed said its general business conditions index jumped to Read More →

U.S. Homebuilder Confidence Improves Much More Than Expected In May

Homebuilder confidence has improved by much more than anticipated in the month of May, according to a report released by the National Association of Home Builders on Wednesday. The report said the NAHB/Wells Fargo Housing Market Index climbed to 66 Read More →

U.S. Business Inventories Unchanged In March, Matching Expectations

A report released by the Commerce Department on Wednesday showed no change in U.S. business inventories in the month of March. The report said business inventories were virtually unchanged in March after rising by 0.3 percent in February.Original Article Read More →