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Ag Economy Barometer declines sharply; producers remain bullish on farmland values

The Purdue University/CME Group Ag Economy Barometer saw a significant decline in May, down 20 points to a reading of 158. This marks the lowest reading for the survey since September of 2020. Producers were less optimistic about both current conditions and the future of the agricultural economy. The Index of Current Conditions dropped 17 points to a reading of 178 and the Index of Future Expectations fell 20 points to a reading of 149. The Ag Economy Barometer is calculated each month from 400 U.S. agricultural producers' responses to a telephone survey. This month's survey was conducted from May 10-14, 2021.

St Cloud business survey: Unemployment benefits hurting hiring

St Cloud business survey: Unemployment benefits hurting hiring
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Economists see higher growth and inflation for 2021

Data: Investing.com; Chart: Axios VisualsThe latest forecast from the National Association for Business Economics (NABE) released today shows its members largely agree with Atlanta Fed President Raphael Bostic and the U.S. Fed that inflation will moderate even as growth picks up through the rest of the year.The headline numbers: NABE raised its forecast for U.S. GDP this year to increase by 6.5% in 2021 including 8.5% growth in the second quarter.Stay on top of the latest market trends and economic insights with Axios Markets. Subscribe for freeIn the survey, 56% of respondents say the risks for economic growth are to the upside, meaning that the economy outpaces expectations, while just 15% say risks are to the downside.In the group's last survey in March, panelists had expected GDP to rise by 5.2%.On jobs: NABE's survey respondents also expect employment gains in 2021 and 2022 to be greater than anticipated in the previous survey.56% of survey respondents anticipate nonfarm

Revenge spending? Not in Hong Kong as most consumers keep a tight rein on spending, Citibank survey says

Most Hong Kong consumers are unlikely to go on a shopping spree after the coronavirus pandemic recedes and expect to keep a tight rein on expenses due to the uncertain economic outlook, according to a recent survey. Over 70 per cent of the survey respondents said that they would continue to take a "pragmatic" approach towards consumption in the post-pandemic world, according to a survey of Citibank, the consumer division of US lender Citigroup.  No overseas travel and work-from-home restrictions lowered almost half of Hong Kong residents' expenses by 13 per cent last year to HK$10,700 a month, the survey of over 1,202 Hong Kong residents aged 21 to 60 who earned over HK$12,000 per month showed. Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge, our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team. The survey results dash the

Increasing Number of Canadians Anxious About Missing Out on Their First Home Due to an Insufficient Down Payment

Increasing Number of Canadians Anxious About Missing Out on Their First Home Due to an Insufficient Down Payment
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