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Economy And The Numbers

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homesales-030411_28Jul15.jpg With home prices in major U.S. metropolitan areas unexpectedly showing a monthly decrease in May, Standard & Poor's released a report on Tuesday showing that the annual rate of price growth during the month came in well below economist estimates.

UK-GDP-072815.jpg U.K. economic growth accelerated in the second quarter driven by an improvement in services output, which has again fueled debate over the timing of the interest rate hike. Gross domestic product grew 0.7 percent sequentially, in line with forecast, following a 0.4 percent rise in the first quarter, preliminary estimate from the Office for National Statistics showed Tuesday.

House price inflation in England and Wales reached its 3-month high in June, after easing in the previous nine months, data from the Land Registry showed Tuesday. The house price index rose 5.4 percent year-over-year in June, faster than previous month's 4.6 percent climb. The latest rate of inflation...

Malta's producer prices dropped for the sixth straight month in June, figures from the National Statistics Office showed Tuesday. The industrial producer price index fell 2.76 percent year-over-year in June, slower than previous month's 2.96 percent decrease. In June 2014, the index declined 2.01...

U.K. Chancellor George Osborne on Tuesday announced the appointment of Gertjan Vlieghe as external member of Bank of England's rate-setting committee. Vlieghe replaces David Miles whose term ends in August. Vlieghe will be appointed for an initial three-year term which will take effect from September...

Ireland's retail sales growth slowed for the second straight month in June, preliminary figures from the Central Statistical Office showed Tuesday. The retail sales volume rose a seasonally adjusted 5.4 percent year-over-year in June, much slower than previous month's 8.4 percent climb. In April,...

Montenegro's import prices continued to decline in June, figures from the statistical office showed Tuesday. The import price index fell 1.8 percent year-over-year in June, slightly faster than previous month's 1.7 percent drop. On a monthly basis, import prices edged up 0.1 percent in June, following...

Italy's consumer confidence and business sentiment weakened more-than-expected in July, survey figures from ISTAT showed Tuesday. The consumer confidence index fell to 106.5 in July from 109.3 in the previous month, revised down from 109.5. Economists had expected the index to fall to 109. The...

The U.K. economy expanded at a faster pace in the second quarter largely driven by an improvement in services output, preliminary estimate from the Office for National Statistics showed Tuesday. Gross domestic product grew 0.7 percent sequentially, in line with forecast, following a 0.4 percent rise...

Lithuania's retail sales growth accelerated notably in June after easing in the previous month, preliminary figures from the Department of Statistics showed Tuesday. Retail sales, excluding VAT, climbed 7.5 percent year-over-year in June, much faster than May's 3.8 percent hike. In April, sales had...

Sweden's retail sales growth eased for the third straight time to a six-month low in June, figures from Statistics Sweden showed Tuesday. The retail sales volume grew a working-day-adjusted 3.8 percent year-over-year in June, slightly slower than May's 3.9 percent increase. This is the lowest since...

Turkey's international reserves decreased in June from a month ago, data from the Turkish Central Bank showed Tuesday. Foreign reserves fell by 0.9 percent to $119.6 billion in June from $120.66 billion in the preceding month. Foreign currency reserves also dropped by 0.6 percent to $99.2 billion...

Slovakia's producer prices continued to decline in June and at a faster pace than in the previous month, figures from the Statistical Office of the Slovak Republic showed Tuesday. The producer price index fell 2.5 percent year-over-year in June, following a 2.4 percent decrease in May. Producer prices...

EEP4-091614_28Jul15.jpg GDP data from the U.K. is the major report due on Tuesday, headlining a light day for the European economic news.

French unemployment rose marginally to a fresh record in June, data released by the labor ministry revealed late Monday. The number of unemployed increased 1,300 in June from the prior month to 3.55 million. From a year ago, it rose by 4.7 percent. The number of job seekers below 25 decreased...

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