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Economy And The Numbers

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The Federal Reserve is on track to raise interest rates this summer, most likely in June, according to the minutes of the central bank's May 2-3 meeting. "Several" voting members at the Fed eye a faster pace of rate hikes over the medium-term, while a "couple" others say slower pace may be best. In...

existinghome-052417.jpg Existing home sales in the U.S. pulled back by more than anticipated in the month of April, according to a report released by the National Association of Realtors on Wednesday. NAR said existing home sales fell by 2.3 percent to an annual rate of 5.57 million in April.

The unwarranted side-effects from the unconventional monetary policy have so far remained limited and hence, there was no need to change the policy path currently being projected, European Central Bank President Mario Draghi said Wednesday. "When we introduced unconventional policy instruments in...

ECB-052417.jpg Eurozone financial market stress remained contained in the past six months, though the risk of further bond market repricing remains and the risk of a return of concerns over debt sustainability has risen, the European Central Bank said in a report released on Wednesday. Further, the ECB warned that excessive exuberance in regional house prices warranted close monitoring.

Iceland's unemployment rate increased in April after falling in the previous two months, figures from Statistics Iceland showed Wednesday. The seasonally adjusted jobless rate rose to 2.3 percent in April from 1.6 percent in March. In the corresponding month last year, the unemployment rate was...

Sweden's producer price inflation accelerated in April after easing in the previous two months, figures from Statistics Sweden showed Wednesday. Producer prices climbed 7.2 percent year-over-year in April, faster than the 6.5 percent increase in March. The measure has been rising since October last...

Austria's production index climbed in March from a year ago, figures from Statistics Austria showed Wednesday. The production index that combines output of both industry and construction, rose a working-day-adjusted 3.3 percent year-over-year in March. Construction output advanced 3.8 percent annually...

Sweden's economic sentiment declined more-than-expected in May, after improving in the previous month, survey data from the National Institute of Economic Research showed Wednesday. The economic tendency indicator dropped to 111.0 in May from 112.6 in April. Economists had expected the index to fall...

Czech economic confidence weakened marginally in May after improving in the previous month, survey data from the Czech Statistical Office showed Wednesday. The economic sentiment indicator broadly unchanged in May. It edged down to 12.4 from 12.6 in April. At the same time, the consumer confidence...

Thailand's central bank left its key interest rate unchanged again in May, saying that the improved growth outlook was still subjected to risks that warranted close monitoring. The Monetary Policy Committee voted unanimously to maintain the policy rate at 1.50 percent, the Bank of Thailand said in...

South Africa's consumer price inflation eased at a faster-than-expected rate in April to the lowest level in sixteen months, figures from Statistics South Africa showed Wednesday. The consumer price index climbed 5.3 percent year-over-year in April, slower than the 6.1 percent rise in March. Economists...

Spain's producer price inflation accelerated marginally in April, after easing in the previous two months, data from the statistical office INE showed Wednesday. Producer prices climbed 5.9 percent year-over-year in April, just above the 5.8 percent rise in March. Among components, energy prices...

Finland's retail sales increased slightly in April, preliminary figures from Statistics Finland showed Wednesday. The retail sales value edged up 0.2 percent year-over-year in April. Similarly, the price-adjusted volume of retail sales rose by 0.4 percent. In daily consumer goods trade, sales climbed...

Norway's jobless rate increased marginally in March, figures from Statistics Norway showed Wednesday. The seasonally adjusted unemployment rate edged up to 4.5 percent in March from 4.4 percent in December. Economists had expected a jobless rate of 4.3 percent for the month. The rate for March...

Finland's unemployment rate increased for the second straight month in April, figures from Statistics Finland showed Wednesday. The jobless rate climbed to 10.2 percent in April from 9.6 percent in March. In the corresponding month last year, the rate was 9.8 percent. Moreover, the latest unemployment...

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