Economy And The Numbers

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The Hungarian central bank left its key interest rate unchanged at a record low for the second consecutive month in September, citing the spare capacity in the economy and the outlook for moderate inflation. The Monetary Council of the Magyar Nemzeti Bank on Tuesday maintained its key rate at 2.10...

EurozonePMI-092314.jpg Eurozone business activity in September expanded at the slowest pace seen so far this year, adding pressure on the European Central Bank to provide more measures to stimulate the region. The composite output index of the purchasing managers' survey fell to a nine-month low of 52.3 in September from 52.5 in August, preliminary data from Markit Economics showed Tuesday.

Ireland's manufacturing output prices fell at a slower annual pace in August, figures from the Central Statistics Office showed Tuesday. The manufacturing output price index dropped 2 percent year-on-year following 2.4 percent in July. Prices rose 0.3 percent from the previous month, when they declined...

South Africa's leading business cycle indicator rose at a slower rate in July, results of a survey by the South African Reserve Bank showed Tuesday. The leading index increased 0.3 percent month-on-month in July following the 0.4 percent rise in June. This marked the third consecutive month of growth. Eight...

U.K. mortgage approvals declined unexpectedly in August, data from British Bankers' Association, or BBA, revealed Tuesday. The number of mortgage approvals fell to 41,588 in August from 42,715 in July. Economists had expected the number of approvals to rise to 42,913. Meanwhile, gross mortgage...

The U.K. public sector net borrowing excluding interventions increased in August, data from the Office for National Statistics showed Tuesday. PSNB excluding public sector banks totaled GBP 11.6 billion in August versus GBP 11 billion in the same period of last year. This increase in net borrowing...

Poland's retail sales growth slowed less-than-expected in August, after improving in the previous month, data from the Central Statistical Office revealed Tuesday. Retail sales grew 1.7 percent year-on-year following 2.1 percent gain in July. Economists had forecast 1.4 percent increase. In June,...

Taiwan's commercial sales growth eased unexpectedly in August, figures from the Ministry of Economic Affairs showed Tuesday. Commercial sales grew 2.21 percent year-over-year in August following the 2.86 percent rise in July. Economists had expected sales to increase 3.05 percent. Sales in wholesale...

Taiwan's industrial production rose at an accelerated rate in August, though at a slower rate than the consensus estimate, a preliminary report from Taiwan's Ministry of Economic Affairs showed Tuesday. Industrial production grew 7.03 percent year-over-year in August, which was faster than the 6.15...

Poland's registered unemployment rate dropped for the sixth straight month in August, data from the Central Statistical Office showed Tuesday. The jobless rate fell to 11.7 percent from a revised 11.8 percent in July. Economists had expected the figure to ease to 11.8 percent from 11.9 percent reported...

Eurozone business activity grew at the lowest rate seen so far this year in September, preliminary data from Markit Economics showed Tuesday. The composite output index fell to 52.3 in September, a 9-month low, from 52.5 in August. The reading was expected to remain unchanged at 52.5. At 52.9,...

The German private sector stretched its expansion to 17 months in September, flash data from Markit Economics showed Tuesday. The composite output index rose to 54 in September from 53.7 in August. However, the gap between manufacturing and services widened further in September. The services Purchasing...

French private sector activity decreased marginally in September, flash data from Markit Economics showed Tuesday. The composite output index edged down to 49.1 in September from 49.5 in August, logging a three month low. The PMI for the dominant services sector fell below the no-change mark of...

French business climate weakened slightly in September, survey results from the statistical office Insee showed Tuesday. The economy stalled again in the second quarter as initially estimated, another report revealed today. The business confidence index came in at 91 in September, down from 92 in...

Hungary's current account surplus decreased more than expected in the second quarter, figures from the Magyar Nemzeti Bank showed Tuesday. The current account surplus fell to EUR 809 million in the second quarter from EUR 1.6 billion in the first quarter. Economists had expected the surplus to come...