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Economic News

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India's government sees room for big bang reforms and robust economic growth in the fiscal year ending March 2016, the Economic Survey 2014-15, released the Finance Ministry, said on Friday. Economic growth is expected to exceed 8 percent in fiscal 2015-16 and, at market prices, the new estimate implies growth of 8.1-8.5 percent in 2015-16, the survey said. Read more...

The Czech economy expansion in the fourth quarter was faster than initially estimated, latest data from the Czech Statistical Office showed Friday. Gross domestic product grew 1.5 percent year-on-year, which was faster than the 1.3 percent growth estimated earlier. Meanwhile, the third quarter growth... Read more...

Japan housing starts declined more than expected in January, data from the Ministry of Land, Infrastructure, Transport and Tourism showed Friday. Housing starts decreased 13 percent year-on-year in January, faster than an expected 11.6 percent fall. Housing starts declined for eleven consecutive... Read more...

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Reflecting a notable rebound in orders for transportation equipment, the Commerce Department released a report on Thursday showing that U.S. durable goods orders increased by much more than expected in the month of January. Read more...

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With energy prices showing another substantial decrease, the Labor Department released a report on Thursday showing that U.S. consumer prices fell by slightly more than expected in the month of January. Read more...

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First-time claims for U.S. unemployment benefits rose by much more than expected in the week ended February 21st, according to a report released by the Labor Department on Thursday. The report said initial jobless claims jumped to 313,000. Read more...

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Sweden's producer prices dropped at the start of the year, after falling slightly in the previous month, figures from Statistics Sweden showed Friday. The producer price index rose 0.2 percent year-on-year in January, in contrast to a 0.1 percent decrease in December. Export prices climbed 1.5... Read more...

Sweden's retail sales increased at a faster-than-expected pace in January, after falling in the previous month, figures from Statistics Sweden showed Friday. Retail sales rose a seasonally adjusted 1.2 percent month-on-month in January, exceeding economists' expectations for a 0.5 percent rise. In... Read more...

Italy's EU measure of inflation rose for the first time in three months in February, defying expectations for a decline, preliminary data from the statistical office ISTAT showed Friday. The harmonized index of consumer prices, or HICP, edged up 0.1 percent annually after a 0.5 percent fall in January.... Read more...

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Singapore's producer prices declined at a faster pace in January, figures from the Department of Statistics showed Friday. The manufactured products price index plunged 12.6 percent year-over-year in January, much faster than previous month's 9.7 percent decline. Producer prices have been falling... Read more...

Automobile production in Japan continued to decrease in January, figures from the Japan Automobile Manufactures Association showed Friday. Production volume of vehicles declined 9.8 percent to 777,656 units in January. In the year-ago period, production was at 860,854 units. In the previous month,... Read more...

Malaysia's producer prices declined notably at the beginning of the year, figures from the Department of Statistics showed Friday. The domestic producer price index fell 4.8 percent year-on-year in January and slipped 0.4 percent from the previous month. Producer prices for local production also... Read more...

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The unemployment rate in Hungary rose in the three-month period to January, figures from the Central Statistical Office showed Friday. The jobless rate climbed to 7.4 percent in the November to January period from 7.1 percent in the October to December period. A year earlier, the unemployment rate... Read more...

Denmark's economy grew for a sixth consecutive quarter in the three months ended December last year, preliminary figures from Statistics Denmark revealed Friday. Gross domestic product grew a seasonally adjusted 0.4 percent from the third quarter, when it rose 0.5 percent, revised from 0.4 percent... Read more...

Norway's retail sales decreased unexpectedly in January, figures from Statistics Norway showed Friday. The retail sales volume, excluding vehicle sales, fell by a seasonally adjusted 0.7 percent month-over-month in January after the 0.2 percent rise in December. Economists expected sales to remain... Read more...

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The improvement in euro area consumer confidence to an 89-month high in February gives a real lift to Eurozone growth hopes, IHS Global Insight's Chief European Economist Howard Archer said. The consumer... Read more...

Lackluster Data Could Dampen Market Mood

The major U.S. index futures are pointing to modestly higher opening on Thursday, with sentiment reflecting slight optimism even as economic data released earlier in the day was lackluster. Jobless claims rose by more than expected and durable goods orders report was mixed. Meanwhile, crude oil prices...
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Time (et)
Economic Indicator
Period
Actual
Forecast
Previous
Country
Friday ,Feb.27
00:00
Current Account Balance - BoP
DEC
€ 4.85 B
 
€ 1.73 B
Spain
00:00
Capital Account Balance - BoP
DEC
€ 0.37 B
 
€ 0.24 B
Spain
00:00
Housing Starts (Y-o-Y)
JAN
-13.0 %
-11.6 %
-14.7 %
Japan
02:00
Import Price Index (M-o-M)
JAN
-0.8 %
 
-1.7 %
Germany
02:45
PPI (M-o-M)
JAN
-0.9 %
 
-0.9 %
France
02:45
PPI (Y-o-Y)
JAN
-3.3 %
 
-2.9 %
France
02:45
Consumer Spending (M-o-M)
JAN
0.6 %
-0.45 %
1.6 (R) %
France
03:00
Flash CPI - EU Harmonised (Y-o-Y)
FEB
-1.2 %
-1.4 %
-1.4 %
Spain
03:00
KOF Swiss Leading Indicator
FEB
90.1
 
96.1 (R)
Switzerland
08:00
CPI (M-o-M)
FEB P
 
0.9 %
-1.1 %
Germany
08:00
CPI (Y-o-Y)
FEB P
 
0.1 %
-0.4 %
Germany
08:00
CPI - EU Harmonised (Y-o-Y)
FEB P
 
-0.1 %
-0.5 %
Germany
08:30
GDP (Q-o-Q)
Q4
 
2.23 %
5.0 %
United States
08:30
GDP (Y-o-Y)
Q4
 
2.05 %
2.7 %
United States
09:45
Chicago PMI
FEB
 
57.6
59.4
United States
10:00
Univ. of Mich. Consumer Confidence Index
FEB
 
93.57
98.1
United States
10:00
Pending Home Sales (M-o-M)
JAN
 
2.28 %
-3.7 %
United States
10:00
Pending Home Sales (Y-o-Y)
JAN
 
9.5 %
6.1 %
United States
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