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Economy And The Numbers

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Norway's retail sales increased for the second straight month in February, figures from Statistics Norway showed Thursday. Retail sales volume, excluding motor vehicles, rose a seasonally adjusted 1.0 percent month-over-month in February, slower than the 1.4 percent climb in January. On an annual...

South Africa's money supply and private sector credit grew at weaker pace in February, figures from the South African Reserve Bank showed Thursday. M3 grew 6.63 percent year-on-year in February, slower than January's 7.91 percent increase. Economists had forecast the growth rate to remain at 7.9...

Dutch producer confidence strengthened further in March to the strongest level in nine years, figures from the Central Bureau of Statistics showed Thursday. The producer confidence index rose to 7.8 in March from 7.0 in the previous month. In January, the reading was 6.0. In March, producers in...

EEP5-091614_30Mar17.jpg Economic sentiment survey results from euro area and consumer prices from Germany are due on Thursday, headlining a light day for the European economic news.

Job vacancies in Australia increased in the three months ended February, figures from the Australian Bureau of Statistics showed Thursday. Total job vacancies climbed a seasonally adjusted 1.8 percent in the three-month period to February. This was followed by a 2.5 percent rise the previous three-month...

New home sales in Australia increased marginally in February, after falling in the previous month, the Housing Industry Association reported Thursday. Total home sales edged up a seasonally adjusted 0.2 percent month-over-month in February, reversing a 2.2 percent decline in January. Multi-unit...

Hong Kong will on Thursday release February figures for retail sales, setting the pace for a light day in Asia-Pacific economic activity. Retail sales were down 1.4 percent on year in January. Australia will see February figures for new home sales and job vacancies; in January, they were down 2.2...

A key official at the Federal Reserve sees interest rates rising at a anemic pace over the next two years. The Fed has projected two more rate increases in 2017, but Chicago Fed President Charles Evans thinks its possible that only one will be warranted. "My current dual mandate outlook allows...

Brexit-032917.jpg The United Kingdom began the formal process of exiting the European Union on Wednesday after more than four decades of membership, thus entering uncharted territory for negotiations that is set to last two years. Prime Minister Theresa May's historic letter invoking the Article 50 of the Lisbon Treaty was delivered to the European Council President Donald Tusk in Brussels.

pendinghomesls-032917.jpg After reporting a steep drop in U.S. pending home sales in the previous month, the National Association of Realtors released a report on Wednesday showing that pending sales rebounded by much more than expected in the month of February. NAR said its pending home sales index spiked by 5.5 percent to 112.3 in February from 106.4 in January.

Theresamay-032917.jpg The United Kingdom is leaving the European Union as Britons wished and can look forward with optimism and hope that the best days are ahead, Prime Minister Theresa May said Wednesday, after announcing that her letter invoking Article 50 that triggers the Brexit process was delivered to the European Union.

European Council President Donald Tusk on Wednesday received the historic letter from the British Prime Minister Theresa May, invoking the Article 50 of the Lisbon Treaty, thus triggering the formal two-year long process for the UK to leave the European Union. The UK envoy to the EU Tim Barrow delivered...

Switzerland's economy is forecast to grow at a slightly slower pace this year, the KOF Economic Institute said in its Spring Forecast on Wednesday. The think tank projected 1.5 percent growth this year, instead of 1.6 percent estimated in December. For 2018, GDP was expected to climb 1.9 percent,...

Bank of Japan board member Takehiro Sato said labor market reforms will strengthen monetary easing effects and the inflation rate will increase. In Japan, some labor market practices could be constraints on raising long-term inflation expectations, Sato said in a speech at Yale University in New Haven...

Iceland's producer prices continued its declining trend in February, figures from Statistics Iceland showed Wednesday. The producer price index fell 5.5 percent year-over-year in February, faster than the 5.3 percent decrease in January. The measure has been falling since January 2016. Domestic...

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