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Economy And The Numbers

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South Korea's gross domestic product was up 2.2 percent on year in the fourth quarter of 2016, the Bank of Korea said on Wednesday. That beat forecasts for 2.3 percent but was down from 2.6 percent in the third quarter. On a seasonally adjusted quarterly basis, GDP was up 0.4 percent - matching...

South Korea will on Wednesday release preliminary Q4 figures for gross domestic product, highlighting a busy day for Asia-Pacific economic activity. GDP is expected to add 0.3 percent on quarter and 2.2 percent on year, slowing from the 0.6 percent quarterly increase and the 2.6 percent yearly gain...

Sales of previously owned homes slipped in December, hurt by a lack of available homes. The decline, which was slightly more than economists had predicted, took the figure off a multi-year high reached in the previous month.

The Markit 'flash' US Manufacturing Purchasing Managers' Index was 55.1 in January, up from 54.3 in December. Although the pace of job creation softened slightly, the U.S. manufacturing sector had a solid start to 2017. Overall operating conditions improved at the quickest pace for nearly two...

TheresaMay-Brexit-012417.jpg In a setback to the UK government's hopes to bypass the parliament and trigger Article 50 of the Lisbon Treaty to kick-start the process of exiting the European Union, the UK Supreme Court ruled on Tuesday that lawmakers must have a say on the matter before formal talks can begin. The UK Supreme Court dismissed the government's appeal by a majority of 8 to 3.

Turkey's central bank raised its overnight lending rate on Tuesday, citing excessive fluctuations in exchange rates that pose upside risks to the inflation outlook. The Monetary Policy Committee, led by Governor Murat Cetinkaya, hiked the marginal funding rate to 9.25 percent from 8.5 percent, the...

Brazil's business confidence improved at the start of the year to its strongest level in four months, preliminary figures from the Getulio Vargas Foundation, or FGV showed Tuesday. The industrial confidence index rose by 3.1 points to 87.8 in January from 84.7 in December. This was the highest reading...

Czech economic confidence improved marginally in January after weakening in the previous month, survey data from the Czech Statistical Office showed Tuesday. The economic sentiment indicator rose to 14.7 in January from 14.6 in December. In November, the reading was 14.8. The consumer confidence...

The U.K. budget deficit narrowed at the end of the year, the Office for National Statistics showed Tuesday. Public sector net borrowing, excluding public sector banks, decreased by GBP 0.4 billion from prior year to GBP 6.9 billion in December. The expected level of budget deficit was GBP 6.7 billion. Of...

The euro area private sector continued to maintain a robust pace of expansion in January, flash survey data from IHS Markit showed Tuesday. The composite output index fell slightly to 54.3 in January from 54.4 in December. Economists had expected the index to rise to 54.5. Nonetheless, any reading...

The British government has lost a crucial appeal in the U.K. Supreme Court to trigger Article 50 for exiting the European Union without consulting the Parliament. The U.K. Supreme Court dismissed the government's appeal by a majority of 8 to 3. "In a joint judgment of the majority, the Supreme...

Germany's private sector growth slowed to a 4-month low in January despite strong expansion in manufacturing, flash survey results from IHS Markit revealed Tuesday. The composite output index fell to 54.7 in January from 55.2 in December. However, any reading above 50 indicates expansion in the sector....

France's private sector expanded at the quickest pace in over five-and-a-half years in January, driven by robust growth in services activity, flash data from IHS Markit showed Tuesday. The composite output index climbed to a 67-month high of 53.8 in January from 53.1 in December. A reading above 50...

South Africa's leading indicator rose for a fourth straight month in November at a faster pace, data from the South African Reserve Bank showed Tuesday. The composite leading indicator climbed to 95.6 from a revised 94.6 in October. Seven of the ten components increased, while three decreased. The...

Finland's producer prices rose for a second straight month in December and the pace of increase quadrupled, mainly due to higher oil prices and increased cost of metal manufacturing, preliminary figures from Statistics Finland showed Tuesday. The producer price index for manufactured products rose...

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