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Economy And The Numbers

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Gross domestic product in the U.S. increased by more than previously estimated in the fourth quarter of 2016, according to a report released by the Commerce Department on Thursday.

While the Labor Department released a report on Thursday showing a modest drop in first-time claims for U.S. unemployment benefits in the week ended March 25th, claims still came in above economist estimates.

Brazil's retail sales declined for a second straight month in January, defying expectations for an increase, figures from the statistical office IBGE showed Thursday. Retail sales dropped 0.7 percent from December, when they fell 1.9 percent. Economists had expected a 0.5 percent increase. Year-on-year,...

German inflation slowed to a four-month low in March, preliminary figures from Destatis showed Thursday. The flash consumer price inflation eased more-than-expected to 1.6 percent from a 54-month high of 2.2 percent in February. Prices were expected to climb 1.8 percent. The March inflation was...

Eurozone economic recovery is gaining momentum, but this has not contributed to a durable strengthening of inflation dynamics, European Central Bank Executive Board member Peter Praet said Thursday. "We are not yet sufficiently confident that inflation will converge to levels consistent with our...

Portugal's industrial output grew for the fourth consecutive month in February, figures from Statistics Portugal showed Thursday. Industrial production rose 2.1 percent year-over-year in February, slower than the 3.4 percent climb in the previous month. Manufacturing production expanded at a stable...

Portugal's consumer confidence strengthened further in March to the strongest level in seventeen years, figures from Statistics Portugal showed Thursday. The consumer confidence index, on the basis of 3 months moving average, rose to -3.4 in March from -4.4 in February. Moreover, this was the...

Spain's inflation is set to slowdown for the rest of the year and reach below 1.5 percent next year as oil prices that peaked at the start of the year are expected to slow substantially in coming months, the Bank of Spain said in its latest bulletin released Thursday. "The path of oil prices over...

EU-EC-033017.jpg Eurozone economic confidence weakened marginally in March as the improvements in sentiment among consumers and builders were offset by declines in industrial and services sectors. The economic sentiment index fell slightly to 107.9 in March from 108.0 in February, survey results from the European Commission showed Thursday.

The Czech central bank decided to keep its key interest rate unchanged and confirmed its exchange rate commitment on Thursday. The Czech National Bank Board left the benchmark two-week repo rate unchanged at 0.05 percent. The discount rate was held retained at 0.05 percent and the lombard rate at...

Latvia's retail sales growth moderated in February after accelerating in the previous month, figures from the Central Statistical Bureau showed Thursday. Retail sales rose a calendar-adjusted 1.2 percent year-over-year in February, much slower than the 3.8 percent climb in January. The measure has...

South Africa's producer price inflation eased further in February to the lowest level in fourteen months, data from Statistics South Africa showed Thursday. Producer prices for manufactured goods climbed 5.6 percent year-over-year in February, slower than the 5.9 percent rise in January. The figures...

Euro area still needs significant monetary stimulus as higher inflation is unlikely in the medium term, European Central Bank Governing Council member Erkki Liikanen said Thursday. "A very substantial degree of monetary accommodation is still needed in the euro area for underlying inflation pressures...

Hong Kong's retail sales declined at a faster pace in February, preliminary figures from the Census and Statistics Department showed Thursday. The value of retail sales fell 5.7 percent year-over-year in February, which was worse than the 1.0 percent drop in January. The measure has been falling since...

Eurozone economic confidence weakened unexpectedly in March, survey results from the European Commission showed Thursday. The economic sentiment index fell slightly to 107.9 in March from 108.0 in February. The score was forecast to rise to 108.3. The industrial confidence index dropped marginally...

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