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Economy And The Numbers

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Producer prices in Japan were up 0.7 percent on year in May, the Bank of Japan said on Monday. That was in line with expectations and down from the upwardly revised 0.8 percent increase in April (originally 0.7 percent). Prices were down for advertising, communications and real estate, while they...

Japan will on Monday release May figures for producer prices, highlighting a light day for Asia-Pacific economic activity. Producer prices are expected to hold steady at 0.7 percent on year. Japan also will see final April readings for its leading and coincident indexes; their previous readings were...

Bank of America Merrill Lynch has downgraded its outlook on U.S. gross domestic product in 2018 to 2.1 percent from an earlier forecast of 2.5 percent. "Hopes for a big fiscal stimulus have faded, prompting us to remove most of the fiscal impulse from our forecast for growth next year," Michelle Meyer,...

Sweden's unemployment rate is likely to ease in the coming months of this year, while the annual employment growth may slow, Stephen Brown, an economist at Capital Economics, said this week. Official data released on June 20 showed that the seasonally adjusted jobless held steady at 6.7 percent in...

NewhomeSales-062317.jpg New home sales in the U.S. rebounded in May after a sharp pullback in the previous month, according to a report released by the Commerce Department on Friday. The Commerce Department said new home sales climbed by 2.9 percent to an annual rate of 610,000.

The improvement in the economic sentiment suggest strong and broad-based growth in the Swedish economy over the coming months of 2017, consistent with an acceleration in wage growth and a pick-up in underlying inflation, Stephen Brown, an economist at Capital Economics, said this week. The economic...

Eurozone consumer confidence is unlikely to rise much further in the next year, despite a fairly strong economic outlook, Jack Allen, an economist at Capital Economics, said. The euro-zone consumer confidence improved to -1.3 in June from -3.3 in May, official data revealed on June 22. The score was...

Belgium's business confidence deteriorated for a second consecutive day in June amid weakness in manufacturing, business services and trade, survey data from the National Bank of Belgium showed Friday. The business confidence index dropped to -2 from -1.1 in May. The confidence measure for the...

The Brazilian central bank stated again, this time in its quarterly inflation report, that the benchmark interest rate (Selic) will probably fall less rapidly in the next monetary policy committee meeting. In May, the central bank cut the interest by one percentage point, to 10.25% per year.

Mexico's central bank (Banxico) decided to increase its benchmark interest rate by 25 basis points (bp), to 7% per year, to hold inflation expectations near the 3% target and slow down the prices rise in the country.

Eurozonepmi-062317.jpg Eurozone private sector growth moderated in June from a six-year high due to a slowdown in services activity, yet the economy enjoyed the best quarter for six years, the flash data from the Purchasing Managers' survey by IHS Markit showed Friday. The composite output index fell to 55.7 in June from a joint six-year high of 56.8 in May.

Turkey's manufacturing capacity utilization increased for a third straight month in June to its highest level in nearly nine years, figures from the Turkish central bank showed Friday. The capacity utilization rate rose to 79 percent from 78.8 percent in May. The rate was the highest since September...

Iceland's wage growth accelerated for the first time in thirteen months in May, figures from Statistics Iceland showed Friday. The wage cost index climbed 7.8 percent year-over-year in May, faster than the 4.9 percent rise in April. On a monthly basis, wage index rose 3.2 percent from April, when...

ECB-062317.jpg The European Central Bank has sought more supervisory powers over the clearing activities, in a bid to secure control of the London-based euro clearing post-Brexit. The Governing Council, led by ECB President Mario Draghi, has recommended an amendment to Article 22 of the Statute of the European System of Central Banks and of the European Central Bank, the bank announced on Friday.

Germany's real wages grew at a slower pace in the three months ended March, figures from Destatis showed Thursday. Real wages rose 0.6 percent year-over-year in the first quarter, following a 1.1 percent increase in the previous quarter. Although consumer prices increased 1.9 percent during the...

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