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Economy And The Numbers

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The current very substantial degree of monetary accommodation is still needed for domestic price pressures to strengthen and stabilize around levels close to the European Central Bank's inflation goal of 2 percent, European Central Bank President Mario Draghi said Monday. The euro area economic outlook...

IndiaGDP-052917.jpg India's economy is set to grow at a steady pace in the March quarter of 2017 as the impact of demonetization has started to fade in many sectors. Gross domestic product is forecast to expand 7 percent in the March quarter, unchanged from the previous three months. The Central Statistics Office is slated to publish the data on May 31.

Iceland's inflation slowed in May after accelerating in April, Statistics Iceland reported Monday. Consumer prices climbed 1.7 percent annually, slower than the 1.9 percent increase seen in April. The consumer price index less housing cost dropped 0.41 percent from April and by 2.6 percent from...

Eurozone money supply and credit to private sector grew at slower pace in April, the European Central Bank reported Monday. The broad monetary aggregate M3 climbed 4.9 percent annually, slower than the 5.3 percent increase in March. The annual rate was forecast to moderate to 5.2 percent. Meanwhile,...

Sweden's trade balance posted a deficit in April due to higher growth in imports, Statistics Sweden said Monday. The trade deficit came in at SEK 2.6 billion in April compared to a surplus of SEK 2.5 billion in the previous year. In March 2017, the surplus was SEK 0.3 billion. Exports increased...

Spain's retail sales grew at a faster pace in April, the statistical office INE reported Monday. Calender-adjusted retail sales growth accelerated to 1.8 percent in April from 1.3 percent in March. On an unadjusted basis, sales declined 1 percent annually, reversing a 2.7 percent rise in the previous...

Singapore's producer price inflation accelerated notably on oil prices in April, figures from the Department of Statistics showed Monday. Producer price inflation rose to 7.6 percent in April from 3.9 percent in March. Oil prices surged 35.9 percent and non-oil prices climbed 3.7 percent. However,...

Finland's business sentiment strengthened sharply in May, the survey conducted by the Confederation of Finnish Industries EK showed Monday. The business confidence index rose to 8.0 in May from downwardly revised score of 4.0 in April. This was clearly above its long-term average of 1. Industrial...

Finland's consumer confidence strengthened to a record high in May, survey results from Statistics Finland showed Monday. The consumer sentiment index rose to 24.1 in May from 21.5 in April. This was the highest score since 1995 and well above the long-term average of 11.9. Among components...

China's industrial profits logged a double-digit growth in April but the pace of annual growth eased from March, data published by the National Bureau of Statistics showed over the weekend. Industrial profits rose 14 percent year-on-year in April, but slower than the 23.8 percent surge seen in March....

Singapore will on Monday release April figures for producer prices, highlighting a very light day for Asia-Pacific economic activity. Producer prices were down 0.8 percent on month and up 3.8 percent on year in March. Also, the markets in China and Taiwan are closed on Monday in observance of the...

Sweden's economic growth is likely to pick up pace in the coming months of 2017, despite a decline in the recent economic tendency indicator, Stephen Brown, an economist at Capital Economics, said this week. Official data from the National Institute of Economic Research released on Wednesday showed...

Consumer-052617.jpg Consumer sentiment in the U.S. was virtually unchanged in May, according to revised data released by the University of Michigan on Friday. The University of Michigan said the consumer sentiment index for May was downwardly revised to 97.1 from a preliminary reading of 97.7.

GDP-052617.jpg A report released by the Commerce Department on Friday showed that the U.S. economy grew by much more than initially estimated in the first three months of the year. The Commerce Department said gross domestic product climbed by 1.2 percent in the first quarter.

DurableGoodsOrders-052617.jpg New orders for U.S. manufactured durable goods pulled back by less than expected in the month of April, according to a report released by the Commerce Department on Friday. The report said durable goods orders slid by 0.7 percent in April after jumping by an upwardly revised 2.3 percent in March.

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