Economy And The Numbers

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Lithuania's economy grew at a slower pace in the second quarter, preliminary estimates from the Department of Statistics showed Wednesday. Gross domestic product, or GDP, rose by a seasonally and working day adjusted 3 percent year-on-year in the second quarter, the slowest pace since the third quarter...

The Swedish economy expanded at a slower than expected rate in the second quarter, data from Statistics Sweden showed Wednesday. Gross domestic product grew a working day adjusted 1.9 percent year-over-year in the second quarter, the same rate as in the first quarter. The growth trailed the 2.4 percent...

Sweden's economic sentiment weakened unexpectedly in July, as confidence fell notably in the services sector and among consumers, figures from the National Institute of Economic Research showed Wednesday. The economic tendency indicator fell by 0.9 points to 100.4 in July. In June, the measure had...

Norway's unemployment rate came in at 3.2 percent of labor force in May, Statistics Norway reported Wednesday. Unemployment was down 0.3 percentage points or 8,000 from February, but the variation was within the error margin, it said. Economists had forecast a rate of 3.4 percent. The rate for...

Switzerland's leading indicator declined unexpectedly in July, data from economic institute KOF showed Wednesday. The KOF leading indicator fell to 98.1 in July from 100.5 in June, revised from 100.4. Economists had expected the indicator to rise to 101. "After it had stabilized in the previous...

Spain's harmonized consumer prices declined more than expected in July, data showed Wednesday. The harmonized consumer price index fell 0.3 percent year-on-year in July after staying flat in June, the flash figures from INE revealed. Prices were forecast to drop marginally by 0.1 percent. Likewise,...

French consumer confidence remained unchanged in July, after improving slightly in the previous month, figures from the statistical office Insee showed Wednesday. The consumer sentiment index for July showed a reading of 86, same as in the previous month. It was in line with economists expectations. Consumers'...

The Spanish economy grew more than expected in the second quarter, data showed Wednesday. Gross domestic product grew 0.6 percent in the second quarter from the prior quarter, when it was up 0.4 percent, preliminary figures from the statistical office INE showed. It was forecast to grow by 0.5 percent....

Hungary unemployment rate remained unchanged in June, after easing in the previous seven months, figures from the Hungarian Central Statistical Office showed Wednesday. The jobless rate was 8 percent in the three months to June, unchanged from the March to May period. Economists had expected the...

German wage growth is positive and there is full employment in number of sectors, Bundesbank chief Jens Weidmann told Frankfurter Allgemeine Zeitung. Wages are rising faster again amid mounting reports of labor shortages, he said Wednesday. The 3 percent increase in wages could be taken as a reference...

Swiss consumption indicator rose in June as retail sector activity reached a record high and tourism continued to recover, a report from the global financial services firm UBS showed Wednesday. The UBS consumption indicator increased to 2.06 in June from 1.80 in May. This increase was mainly driven...

The International Monetary Fund said the interactions between sharply tightening financial conditions and a structural slowdown in emerging markets would be damaging for the global economy. Given the significant and rising contribution of emerging market economies to the global economy over the past...

Eurozone economic sentiment and German consumer prices are some of the important economic data scheduled for release on Wednesday. At 5 am ET, the European Commission is scheduled to release its business sentiment report for the eurozone. The economic sentiment index is estimated to edge down to 101.9...

Confidence among entrepreneurs in South Korea continued to recede for the the third straight month in July, data based on a survey by the Bank of Korea showed Wednesday. The business conditions index for the manufacturing sector fell to 74 in July from 77 in the previous month. In May, the score was...

China's consumer sentiment increased in July, results of a survey by MNI and Westpac showed Wednesday. The Westpac-MNI consumer sentiment index rose to 114.8 in July from 112.6 in June. However, consumer confidence still remained lower than the long-term average, the survey showed.