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Economy And The Numbers

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Poland's unemployment rate decreased for the third straight month in April, in line with expectations, figures from the Central Statistical Office showed Thursday. The registered jobless rate fell to 7.7 percent in April from 8.1 percent in March. The figures also matched consensus estimated. In...

Spain's economic growth improved slightly, as estimated, in the first quarter, final data from the statistical office INE showed Thursday. Gross domestic product grew 0.8 percent sequentially in the first quarter, in line with preliminary estimate. The pace of expansion accelerated from 0.7 percent...

Quarterly national accounts from the UK is due on Thursday, headlining a light day for the European economic news. At 3.00 am ET, Spain's final GDP data is due. The statistical office is expected to confirm 0.8 percent sequential growth in the first quarter. At 4.00 am ET, Poland's unemployment...

NewZealand-Steven-Joyce-052517.jpg New Zealand Finance Minister Steven Joyce unveiled the 2017 budget in the election year, giving priority to family income and investment. In his first budget speech on Thursday, Joyce said the fiscal position continues to improve. The budget is set to log a NZ$1.6 billion surplus this year and NZ$2.9 billion surplus in the year to June 2018, he said.

Singapore's gross domestic product climbed 2.7 percent on year in the first quarter of 2017, the Ministry of Trade and Industry said in Thursday's final revision. That's up from April's advance estimate that called for a 2.5 percent gain, although it was still down from 2.9 percent in the previous...

The Bank of Korea will wrap up its monetary policy meeting on Thursday and then announce its decision on interest rates, highlighting a light day for Asia-Pacific economic activity. The central bank is widely expected to keep its benchmark lending rate unchanged at 1.25 percent. Hong Kong will...

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...

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