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Economy And The Numbers

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Japan will on Friday see preliminary June results for the manufacturing PMI from Nikkei, setting the pace for a light day in Asia-Pacific economic activity. The PMI had a score of 53.1 in May. Singapore will release May numbers for consumer prices and industrial production. In April, inflation was...

ECB-Praet-062217.jpg The European Central Bank will decide to wind down its government bond purchases based on inflation even if the spreads for any country would rise as a consequence, ECB Executive Board member Peter Praet said. "As a central bank, we conduct monetary policy for the whole of the euro area," Praet, who is also the ECB chief economist, said in an interview to the German magazine Der Spiegel.

LeadingndicatorIndex-062217.jpg Reflecting widespread improvement, the Conference Board released a report on Thursday showing that its index of leading U.S. economic indicators rose in line with economist estimates in the month of May. The Conference Board said its leading economic index climbed by 0.3 percent.

A new service to enable citizens and firms to transfer money real time within the euro area will be put into operation in November 2018, the European Central Bank said on Thursday. The Governing Council has decided to develop a new service for the settlement of instant payments, the ECB said in a...

USjoblessclaims-062217.jpg First-time claims for U.S. unemployment benefits saw a modest increase in the week ended June 17th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims inched up to 241,000.

Argentina's Gross Domestic Product (GDP) rose 0.3% in the first quarter compared to a year earlier. It was the best performance since the first quarter of 2016 when the GDP grew 0.6% from the same quarter in 2015, according to the national statistics office.

Half of the biggest Latin America economies posted a higher than expected inflation in May, but Mexico seems to have the hardest time keeping the price rise in check. Annual inflation in the country rose at the fastest rate since April 2009, in spite of the central bank efforts to mitigate higher prices.

norwaycentralbank-062217.jpg Norway's central bank unanimously decided to leave its key interest rate unchanged on Thursday for the ninth consecutive policy session and abandoned its downward bias for the rate path. The Executive Board of the Norges Bank voted to hold the key policy rate at 0.50 percent, in line with economists' expectations. The previous change in the rate was a quarter-point reduction in March 2016.

First-time claims for U.S. unemployment benefits saw a modest increase in the week ended June 17th, according to a report released by the Labor Department on Thursday.

India's information technology and business process management sector exports are set to grow between 7 and 8 percent in the financial year ending March 2018, the National Association of Software and Services Companies, or NASSCOM, said Thursday. Growth was 8.6 percent in the fiscal ended March 2017,...

ECB-062217.jpg Eurozone's solid growth momentum is set to continue in the second quarter, mainly driven by domestic demand, and there are signs of a build-up of pipeline inflationary pressures, the European Central Bank said in its latest economic bulletin released on Thursday.

Taiwan central bank left its key interest rate unchanged on Thursday, as widely expected, for the fourth consecutive quarterly meeting. The central bank kept the discount rate at 1.375 percent. Gareth Leather, an economist at Capital Economics, said rate cuts are not needed to support the economy,...

Ireland's factory fate inflation eased for the third straight month in May, figures from the Central Statistics Office showed Thursday. The manufacturing industries output price index, excluding VAT, rose 1.1 percent year-over-year in May, slower than the 1.8 percent climb in April. The measure has...

UK total order books strengthened to a near three-decade high in June, the Industrial Trends Survey from the Confederation of British Industry showed Thursday. The total order books rose to +16 percent in June, the highest since August 1988. At the same time, the export order book balance came in...

Hong Kong's current account surplus decreased in the three months ended March, mainly due to an increase in the goods deficit, figures from the Census and Statistics Department showed Thursday. The current account surplus fell to HK$16.7 billion in the first quarter from 17.2 billion in the same period...

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