Economy And The Numbers

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South Korea's gross domestic product was up 0.9 percent on quarter in the first quarter of 2014, the Bank of Korea said in Thursday's advance estimate. That beat forecasts for an increase of 0.8 percent, and it was unchanged from the previous quarter. Real gross domestic income increased by 0.7...

South Korea will on Thursday release preliminary numbers for Q1 gross domestic product, highlighting a modest day in Asia-Pacific economic activity. GDP is expected to rise 0.8 percent on quarter and 3.9 percent on year - accelerating from 0.9 percent on quarter and 3.7 percent on year in the fourth...

newhomesales-042314.jpg New home sales in the U.S. unexpectedly showed a substantial decrease in the month of March, according to a report released by the Commerce Department on Wednesday, with sales falling to their lowest level in eight months. The report said new home sales plunged 14.5 percent to an annual rate of 384,000 in March from the revised February rate of 449,000.

Euro area's government deficit shrunk last year to match the EU target, while public debt rose and remained above the official ceiling, figures from the Eurostat showed Wednesday. The shrunken government deficits suggest that euro area might be leaving behind the worst troubles of the financial crisis,...

New home sales in the U.S. unexpectedly showed a substantial decrease in the month of March, according to a report released by the Commerce Department on Wednesday, with sales falling to their lowest level in eight months.

EurozonePMI-042314.jpg Eurozone private sector started the second quarter on a solid footing with activity growth the fastest in nearly three years in April, but firms continued to slash prices, fueling fears that deflationary pressures are intensifying. The purchasing managers survey's composite output index rose to 54.0 in April from 53.1 in March, data from Markit Economics showed Wednesday.

bankofengland-042314.jpg Policymakers of the Bank of England unanimously decided to maintain the key bank rate at a historic low of 0.50 percent and monetary stimulus at GBP 375 billion, the minutes showed Wednesday. Members said economic recovery is building momentum, but they had a range of opinions about the amount of slack remaining within the economy and medium-term inflation outlook.

British manufacturers are upbeat about the next quarter, with growth expectations for domestic orders and output hitting the highest since the 1970s, a survey from the Confederation of British Industry showed Wednesday. The quarterly Industrial Trends Survey also revealed that business optimism among...

Taiwan's commercial sales growth slowed for a third consecutive month in March, figures from the Ministry of Economic Affairs showed Wednesday. Sales in trade and food services grew 1.49 percent year-on-year, after a 2.02 percent rise in February, revised from 2.06 percent. Economists had forecast...

UKbudget-deficit-042314.jpg U.K. Chancellor George Osborne achieved his budget deficit target for 2013/14 as buoyant economic growth boosted tax receipts. Data from the Office for National Statistics on Wednesday showed that net borrowing totaled GBP 107.7 billion in the fiscal year ended March 2014, the lowest since the 2008/2009 financial crisis.

Taiwan's industrial output increased for the second consecutive month in March, preliminary figures from the Ministry of Economic Affairs showed Wednesday. Industrial production advanced 3.05 percent year-on-year in March, but was slower than February's 6.83 percent gain, revised from 7 percent. The...

Latvia's producer price inflation slowed in March, after accelerating in the previous month, figures from the Central Statistical Bureau showed Wednesday. The producer price index rose 0.6 percent year-on-year, following 1 percent gain in February. In January, prices climbed 0.6 percent. Domestic...

Germany's leading index continued to climb in March, suggesting continued economic expansion in Eurozone's largest economy, a survey by the Conference Board showed Wednesday. The think tank's leading economic index advanced 0.3 percent in February, after a 0.6 percent increase in January. In December,...

South Africa's consumer price inflation rose slightly in March to hit the ceiling of the central bank's target range, the Statistics South Africa said Wednesday. The consumer price index advanced 6.0 percent year-on-year in March, following a 5.9 percent increase in February. Economists had expected...

Policymakers of the Bank of England unanimously decided to maintain the key bank rate at a historic low of 0.50 percent and monetary stimulus at GBP 375 billion, the minutes of meeting held on April 9 showed Wednesday. "With unemployment remaining above the 7 percent threshold, the Committee's August...