Economic News

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New home sales in the U.S. unexpectedly showed a substantial decrease in the month of March, according to a report released by the Commerce Department on Wednesday, with sales falling to their lowest level in eight months. The report said new home sales plunged 14.5 percent to an annual rate of 384,000 in March from the revised February rate of 449,000. Read more...
Euro area's government deficit shrunk last year to match the EU target, while public debt rose and remained above the official ceiling, figures from the Eurostat showed Wednesday. The shrunken government deficits suggest that euro area might be leaving behind the worst troubles of the financial crisis,... Read more...
Taiwan's commercial sales growth slowed for a third consecutive month in March, figures from the Ministry of Economic Affairs showed Wednesday. Sales in trade and food services grew 1.49 percent year-on-year, after a 2.02 percent rise in February, revised from 2.06 percent. Economists had forecast... Read more...
New home sales in the U.S. unexpectedly showed a substantial decrease in the month of March, according to a report released by the Commerce Department on Wednesday, with sales falling to their lowest level in eight months. Read more...
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Existing home sales in the U.S. showed a modest decrease in the month of March, according to a report released by the National Association of Realtors on Tuesday, although the annual rate of sales still came in above economist estimates. The report said existing home sales edged down 0.2 percent to a seasonally adjusted annual rate of 4.59 million in March from 4.60 million in February. Read more...
Existing home sales in the U.S. showed a modest decrease in the month of March, according to a report released by the National Association of Realtors on Tuesday, although the annual rate of sales still came in above economist estimates. Read more...
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EurozonePMI-042314.jpg
Eurozone private sector started the second quarter on a solid footing with activity growth the fastest in nearly three years in April, but firms continued to slash prices, fueling fears that deflationary pressures are intensifying. The purchasing managers survey's composite output index rose to 54.0 in April from 53.1 in March, data from Markit Economics showed Wednesday. Read more...
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Policymakers of the Bank of England unanimously decided to maintain the key bank rate at a historic low of 0.50 percent and monetary stimulus at GBP 375 billion, the minutes showed Wednesday. Members said economic recovery is building momentum, but they had a range of opinions about the amount of slack remaining within the economy and medium-term inflation outlook. Read more...
British manufacturers are upbeat about the next quarter, with growth expectations for domestic orders and output hitting the highest since the 1970s, a survey from the Confederation of British Industry showed Wednesday. The quarterly Industrial Trends Survey also revealed that business optimism among... Read more...

Taiwan's industrial output increased for the second consecutive month in March, preliminary figures from the Ministry of Economic Affairs showed Wednesday. Industrial production advanced 3.05 percent year-on-year in March, but was slower than February's 6.83 percent gain, revised from 7 percent. The... Read more...
BankofThailand-042314.jpg
Thailand's central bank left its key interest rate unchanged on Wednesday, after trimming it in the previous month amid the lingering political impasse. The Monetary Policy Committee of the Bank of Thailand voted 6-1 to leave the main policy rate unchanged at 2 percent, which is the lowest level since December 2010. The decision was in line with economists' expectations. Read more...
Singapore's consumer price inflation rose more than expected in March from a 4-year low, data showed Wednesday. Inflation increased sharply to 1.2 percent in March from a 4-year low rate of 0.4 percent in February, figures from the Department of Statistics Singapore revealed. Economists had forecast... Read more...
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U.K. Chancellor George Osborne achieved his budget deficit target for 2013/14 as buoyant economic growth boosted tax receipts. Data from the Office for National Statistics on Wednesday showed that net borrowing totaled GBP 107.7 billion in the fiscal year ended March 2014, the lowest since the 2008/2009 financial crisis. Read more...
Latvia's producer price inflation slowed in March, after accelerating in the previous month, figures from the Central Statistical Bureau showed Wednesday. The producer price index rose 0.6 percent year-on-year, following 1 percent gain in February. In January, prices climbed 0.6 percent. Domestic... Read more...
Germany's leading index continued to climb in March, suggesting continued economic expansion in Eurozone's largest economy, a survey by the Conference Board showed Wednesday. The think tank's leading economic index advanced 0.3 percent in February, after a 0.6 percent increase in January. In December,... Read more...
Strengthening consumer confidence amid low inflation and improving labor market conditions will boost consumer spending, IHS Global Insight's Chief European Economist Howard Archer said. This will... Read more...
Japan's trade shortfall is likely to narrow in coming months, providing some support to economic growth even as domestic demand is set to plunge, Marcel Thieliant, an economist at Capital Economics said in a note on Monday. Read more...
Time (et)
Economic Indicator
Period
Actual
Forecast
Previous
Country
Wednesday ,Apr.23
03:00
PMI Composite
APR P
50.5
 
51.8
France
03:00
PMI Services
APR P
50.3
 
51.5
France
03:00
PMI Manufacturing
APR P
50.9
 
52.1
France
03:30
PMI Composite
APR P
56.3
 
54.3
Germany
03:30
PMI Services
APR P
55.0
 
53.0
Germany
03:30
PMI Manufacturing
APR P
54.2
 
53.7
Germany
04:00
PMI Manufacturing
APR P
53.3
52.8
53.0
Eurozone
04:00
CB Coincidence Index
FEB
0.3 %
 
0.4 %
Germany
04:00
CB Leading Index
FEB
0.3 %
 
0.6 %
Germany
04:00
PMI Services
APR P
53.1
52.05
52.2
Eurozone
04:00
PMI Composite
APR P
54.0
53
53.1
Eurozone
04:30
Monetary Policy Meeting Minutes
-
 
-
UK
07:00
MBA Mortgage Applications
APR 18
-3.3 %
 
4.3 %
United States
08:30
Retail Sales (M-o-M)
FEB
0.5 %
0.5 %
1.6 (R) %
Canada
08:30
Retail Sales (Y-o-Y)
FEB
3.7 %
 
4.1 (R) %
Canada
09:45
PMI Manufacturing
APR P
55.4
56
55.5
United States
10:00
New Home Sales - Units
MAR
384 K
447.5 K
449 (R) K
United States
10:30
EIA Crude Oil Inventory (Barrels)
APR 18
397.7 M
 
394.1 M
United States
19:50
Foreigners Buying Japan Bonds (Yen)
APR 13 - APR 19
 
¥ 360.3 B
Japan
19:50
Foreigners Buying Japan Stocks (Yen)
APR 13 - APR 19
 
¥ -83.5 B
Japan
22:00
CB Coincidence Index
MAR
 
-0.2 %
China
22:00
CB Leading Index
MAR
 
0.9 %
China

The major U.S. index futures are pointing to a modestly lower opening on Wednesday, with sentiment turning subdued following the recent run up. Also weighing on sentiment would be Markit’s Chinese manufacturing index for April, which suggested fourth straight month of contraction by the Chinese manufacturing...