The word ‘downsize’ can elicit a very emotional response. It can conjure images of tiny homes or apartments, noisy neighbours and relinquishing the family home that holds so many memories. There are financial worries too with the costs of buying and selling, and the family home is often seen as a financial legacy to be left to the children. Downsizing […]

video Trump’s tax reform was ‘rocket fuel’ for the manufacturing economy: Jay Timmons National Association of Manufacturers CEO Jay Timmons discusses how Washington lawmakers can help bring manufacturing back to America on ‘The Claman Countdown.’ US manufacturing contracted further in January as higher interest rates stifled demand for goods, but factories did not appear to be laying off workers in […]

China’s manufacturing sector shrank at a slower pace in January as the downturns in output and new orders softened, survey results from S&P Global revealed Wednesday. The Caixin manufacturing Purchasing Managers’ Index rose to 49.2 from 49.0 in December. However, the score has remained below the neutral 50.0 for the sixth consecutive month suggesting contraction. Moreover, the reading was below […]

Germany’s unemployment rate remained unchanged at a low level at the start of the year despite the economy showing signs of a recession, official data revealed on Tuesday. The unemployment rate held steady at 5.5 percent in January, the Federal Labor Agency reported. The rate also matched economists’ expectations. The number of people out of work decreased unexpectedly by 22,000 […]

Inflationary pressures in the French economy continued unabated at the start of the year as consumer price inflation and the EU harmonized rate accelerated in January and producer price growth remained strong, even as the economy narrowly escaped a recession in the fourth quarter, thus validating the tightening stance of the European Central Bank that is set to hike rates […]

Despite the global fight against inflation and the war in Ukraine, the International Monetary Fund upgraded its world economic growth projections as the full reopening of China is set to safeguard the recovery. The global growth outlook for 2023 was revised up by 0.2 percentage points to 2.9 percent, the IMF said in its World Economic Outlook Update, released Tuesday. […]

Revised data released by the University of Michigan on Friday showed consumer sentiment in the U.S. improved by slightly more than initially estimated in the month of January. The report showed the consumer sentiment index for January was upwardly revised to 64.9 from the preliminary reading of 64.6. Economists had expected the index to be unrevised. With the upward revision, […]

After reporting decreases in U.S. pending home sales for six straight months, the National Association of Realtors released a report on Friday showing pending home sales unexpectedly rebounded in the month of December. NAR said its pending home sales index jumped by 2.5 percent to 76.9 in December after tumbling by 2.6 percent to a revised 75.0 in November. The […]

New home sales in the U.S. increased for the third straight month in December, the Commerce Department revealed in a report released on Thursday. The report said new home sales surged by 2.3 percent to an annual rate of 616,000 in December after climbing by 0.7 percent to a downwardly revised rate of 602,000 in November. Economists had expected new […]

Singapore’s industrial production declined for the third straight month in December, largely due to a slump in the bio-medical manufacturing output, data from the Economic Development Board revealed on Thursday. Industrial production dropped 3.1 percent year-on-year in December, slower than the 3.8 percent fall in November. Economists had expected a fall of 6.9 percent. Excluding bio-medical manufacturing, industrial production rebounded […]