Articles for Spending Data

Doubts About UK Statistics Agency’s Surveys Spread to GDP Data
2 weeks, 4 days ago

Doubts About UK Statistics Agency’s Surveys Spread to GDP Data

Live Mint  

-- The same kind of survey failures that have left the UK unsure about the number of people in Britain’s workforce are now raising doubts about the size of its economy. “If there’s a problem with the LCF survey and the consumption data, that will have a small effect on the GDP estimate, but not a huge one.” The decline …

Growth Survey Britain Bloomberg Response Gdp Ons
The Reserve Bank may already have pushed interest rates too high, so is hawkish warning mostly for show?
11 months ago

The Reserve Bank may already have pushed interest rates too high, so is hawkish warning mostly for show?

ABC  

The Reserve Bank board's post-meeting statement was a short, sharp kick in the teeth to millions of Australians struggling with higher mortgage repayments. Reserve Bank governor Michele Bullock's response to a question on the outlook for interest rates kept to the script. Interest rates have done what they can A key reason why the RBA says it is still more …

Economy Data Bank Interest Rates Risk High Rate
Travel-related spending up 12% compared with last January, says bank
11 months ago

Travel-related spending up 12% compared with last January, says bank

The Independent  

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Month Customers Monzo Spending Data
China economic data show signs slowdown may be easing, as central bank acts to support growth
1 year, 3 months ago

China economic data show signs slowdown may be easing, as central bank acts to support growth

Associated Press  

BEIJING — China’s factories picked up their pace and retail sales also gained momentum in August, the government reported Friday, suggesting the economy may be gradually recovering from its post-pandemic malaise. “Overall, in August, major indicators improved marginally, the national economy recovered, high-quality development was solidly advanced, and positive factors accumulated,” Fu Linghui, spokesperson for the National Bureau of Statistics, …

China Central Bank Retail Sales
Inspectors ask for authority to go after more COVID fraud
2 years, 7 months ago

Inspectors ask for authority to go after more COVID fraud

LA Times  

Department of Justice Inspector General Michael Horowitz said inspectors general need more authority to go after fraud in the COVID-19 relief programs. Inspectors general need more authority to go after fraud in COVID-19 relief programs, the independent committee overseeing federal pandemic relief spending said Tuesday. Government agencies’ watchdogs have the authority to administratively prosecute only those suspected of defrauding COVID-19 …

Pandemic General Fraud Congress Cases Relief Committee
US stocks head higher at the end of another bumpy week on healthy retail data
4 years, 2 months ago

US stocks head higher at the end of another bumpy week on healthy retail data

Live Mint  

Stocks are heading higher in early Friday on Wall Street, placing the market on track to close out a choppy week of trading with modest gains. Retailers and other companies that rely on consumer spending also rose following a government report showing U.S. retail sales increased more than expected in September. Stocks have been mostly climbing this month, but pulled …

Early Gains