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Economy And The Numbers

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Iceland's central bank left its key interest rate unchanged on Wednesday after keeping trimming it in June, and cut its economic growth forecasts. The Monetary Policy Committee of the Sedlabanki left the rate on seven-day term deposits at 4.5 percent. The rate was cut by 25 basis points each in...

NewhomeSales-082317.jpg New home sales in the U.S. unexpectedly saw a substantial decrease in the month of July, according to a report released by the Commerce Department on Wednesday. The report said new home sales plunged by 9.4 percent to an annual rate of 571,000 in July from the revised June rate of 630,000.

Eurozonepmi-082317.jpg Eurozone private sector retained its solid growth momentum in August, led by manufacturing that expanded at the fastest pace in over six years on the back of strong demand for exports. The flash Composite Output Index of the Purchasing Managers' survey climbed to a two-month high of 55.8 from July's 55.7, study results from IHS Markit showed Wednesday. Economists had forecast a 55.4 reading.

Draghi-ECB-082317.jpg Monetary and regulatory policy actions and steps in supervision undertaken over the last decade have made the world more resilient, however, central banks must continue preparing for new challenges, European Central Bank President Mario Draghi said Wednesday.

Denmark's consumer confidence weakened in August after improving in the previous two months, survey data from Statistics Denmark showed Wednesday. The consumer confidence index fell to 7.6 in August from 10.5 in July, which was the highest score since May 2015. Consumers' financial situation over...

Turkey's consumer confidence weakened marginally in August, after improving in the previous month, survey data from the Turkish Statistical Institute showed Wednesday. The consumer sentiment index broadly unchanged in August. It dropped to 71.1 from 71.3 in July. In June, the score was 70.0. The...

Taiwan's industrial production increased for the third straight month in July, but at a slower-than-expected pace, preliminary figures from the Ministry of Economic Affairs showed Wednesday. Industrial production climbed a rose 2.38 percent year-over-year in July, slower than the 3.53 percent climb...

South Africa's consumer price inflation eased more-than-expected in July to the weakest level in nearly two years, figures from Statistics South Africa showed Wednesday. The consumer price index climbed 4.6 percent year-over-year in July, slower than the 5.1 percent rise in June. Economists had expected...

Eurozone private sector activity maintained strong growth momentum in August, underpinned by strong expansion in the manufacturing output, flash survey data from IHS Markit showed Wednesday. The flash composite output index rose slightly to 55.8 in August from 55.7 in July. Meanwhile, economists had...

Germany's private sector activity expanded at a faster pace in August, as output growth strengthened in both the manufacturing and service sectors, flash survey data from IHS Markit showed Wednesday. The composite output index climbed to a 2-month high of 55.7 in August from 54.7 in July. Any reading...

French private sector activity expanded at a marked pace in August, though the rate of growth stagnated, flash survey data from IHS Markit showed Wednesday. The composite output index came in at 55.6 in August, the same reading as in July. However, any score above 50 indicates expansion in the sector. Service...

Norway's unemployment rate decreased as expected in June, figures from Statistics Norway showed Wednesday. The seasonally adjusted jobless rate dropped to 4.3 percent in June from 4.5 percent in March. The figure also matched consensus estimate. The rate for June indicates the average for May to...

Singapore's consumer price inflation accelerated at a slower-than-expected pace in July, though marginally, figures from the Ministry of Trade and Industry showed Wednesday. The consumer price index rose 0.6 percent year-over-year in July, just above the 0.5 percent climb in June. Economists had expected...

Malaysia's consumer price inflation eased at a faster-than-expected pace in July, figures from the Department of Statistics showed Wednesday. The consumer price index rose 3.2 percent year-over-year in July, slower than the 3.6 percent climb in June. Meanwhile, economists had expected the inflation...

The manufacturing sector in Japan continued to expand in August, and at a faster pace, the latest survey from Nikkei revealed on Wednesday with a Manufacturing PMI score of 52.8. That's up from 52.1 in July, and it moves farther above the boom-or-bust line of 50 that separates expansion from contraction. Individually,...

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