Economy And The Numbers

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Permits issued for residential buildings in Romania increased in June as well as during the first half of the year, a report from the National Institute of Statistics showed Tuesday. The number of dwelling permits issued rose 7.3 percent year-over-year to 3,824 in June from the corresponding month...

There is a long way from saying that the current account deficit poses an 'existential threat' to UK growth, Ben Broadbent, Deputy Governor for Monetary Policy of the Bank of England said Tuesday. Speaking at Chatham House, Broadbent said the deficit is irrelevant for growth. The rest of Europe...

The number of new dwellings built in the first of half of this year in Hungary rose from a year ago, figures from the Hungarian Central Statistical Office showed Tuesday. The number of new dwellings built during the January to June period was 3,265, which was 22 percent higher than the same period...

Slovakia's consumer confidence increased to its highest level in more than six years in July, data from the Statistical Office of the Slovak Republic showed Tuesday. The consumer confidence index rose to -9.9 in July from -11.6 in June. This marked the highest score since October 2008 when the index...

South Africa's money supply rose less than expected in June, while private sector credit unexpectedly quickened, data from the South African Reserve Bank showed Tuesday. The broad measure of money supply, or M3, increased 7.24 percent year-on-year in June, a slower rate of growth than the 7.33 percent...

Spain retail sales growth slowed for the second month in June, the statistical office INE said Tuesday. Retail sales grew by an adjusted 0.2 percent year-on-year, slower than the 0.5 percent rise posted in May and 0.7 percent in April. On an unadjusted basis, retail sales remained flat in June after...

New Zealand's diary giant Fonterra lowered its forecast for farmer payouts for the 2014/15 season citing falling world dairy prices and a strong New Zealand dollar. The 2014/15 Farmgate Milk Price forecast was lowered to NZ$6 per kg of milk solids from its earlier estimate of NZ$7 per kg in May, the...

Confidence among Japan's small and medium-sized enterprises improved in July, survey data released by the Shoko Chukin Bank showed Tuesday. The small business confidence rose to 48.7 in July from 47.3 in June. The indicator rose for the third consecutive month. But the indicator is expected to remain...

Commercial vehicle registrations in the European Union rose for the tenth consecutive month in June, a report from the European Automobile Manufacturers Association, or ACEA, showed Tuesday. Demand for commercial vehicles increased 10.3 percent year-on-year to 166,107 units in June. This was a slightly...

Germany's import prices continued to decline in June, data from Destatis showed Tuesday. Import prices were down 1.2 percent year-on-year in June, slower than the 2.1 percent decrease seen in May. The rate of decline came in line with economists' expectations. On a monthly basis, import prices...

Singapore's producer prices dropped for the second straight month in June, figures from the Department of Statistics showed Tuesday. The producer price index fell 2.1 percent year-on-year in June, much faster than May's 0.6 percent decline. In April, prices edged up 0.1 percent. The oil index increased...

The International Monetary Fund advised the U.K. to tighten its monetary policy if new regulations introduced to contain overheating in the housing market prove ineffective. The IMF late Monday said the monetary policy should stay accommodative until inflation show signs of rising or that costs move...

German import prices and U.K. mortgage approval data are some of the economic data scheduled for release on Tuesday, a day light on economic activity. At 2 am ET, German Federal Statistical Office DESTATIS will release its import prices report for June. In May, import prices remained unchanged month-over-month...

Japan's economy is continuing its moderate recovery, Bank of Japan's board member Koji Ishida said on Tuesday. Export growth has remained flat and lacks momentum. This is partially due to structural factors such as overseas production. However, a clear improvement in employment and the income environment...

Australia's new home sales increased in June as sales of multi-units surged, data from the Housing Industry Association showed on Tuesday. Total home sales rose 1.2 percent month-on-month in June. This was driven by a 15.9 percent surge in sales of multi-units. However, sales of detached houses...