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Economy And The Numbers

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China's industrial profits grew markedly in August from a year ago, data from the National Bureau of Statistics showed Tuesday. Profits earned by large firms in China surged 19.5 percent year-over-year to CNY 534.8 billion in August, faster than the 11.0 percent climb in July. During the first...

Corporate service prices in Japan were up 0.2 percent on year in August, the Bank of Japan said on Tuesday. That was shy of forecasts for 0.3 percent, which would have been unchanged following the downward revision from 0.4 percent. On a monthly basis, prices were down 0.3 percent after climbing...

The Bank of Japan will on Tuesday release the minutes from its monetary policy meeting on July 28 and 29, highlighting a modest day in Asia-Pacific economic action. At the meeting, board decided to hold its target of raising the monetary base at an annual pace of about JPY 80 trillion. Also, the board...

Eurozone is witnessing widespread feelings of insecurity, including economic insecurity, that remains a major concern and policymakers need to renew their efforts to boost growth in the euro area, European Central Bank President Mario Draghi said Monday. "We cannot simply wait for better times: we...

NewHomeSales-092616.jpg After reporting a substantial increase in U.S. new home sales in the previous month, the Commerce Department released a report on Monday showing a sharp pullback in new home sales in the month of August. The report said new home sales tumbled by 7.6 percent to an annual rate of 609,000 in August after surging up by 13.8 percent to a revised 659,000 in July.

Digitization of financial services could result in new products and business models that has disruptive potential in the financial system, European Central Bank Executive Board Member Yves Mersch said Monday. In a speech in Geneva, Mersch said, "In particular, distributed ledger technology (DLT)...

Turkey's capacity utilization rate increased in September after easing in the previous two months, figures from the central bank revealed Monday. The capacity utilization rate rose to 76.6 percent in September from 75.2 percent in August. Moreover, this was the highest rate since November 2011,...

germanIFO-092616.jpg German business sentiment improved strongly to its highest level in more than two years in September, recovering from a fall in the previous month, as better optimism prompted companies to look forward to a 'golden autumn', results of a key survey showed Monday.

Kuroda-BOJ-092616.jpg The Bank of Japan is set to continue the pace of increase in its government bond purchases more or less at at the current pace, Governor Haruhiko Kuroda said Monday. Nonetheless, it is anticipated that the pace may fluctuate to some extent, either upward or downward, in order to achieve yield curve control, he told business leaders in Osaka.

Italy's foreign trade surplus with non-EU countries increased in August, as exports grew faster than imports, figures from the statistical office Istat showed Monday. The trade surplus climbed to EUR 2.13 billion in August from EUR 1.38 billion in the corresponding month of the previous year. In July,...

Italy's retail sales decreased in July after rising in the previous three months, figures from the statistical office ISTAT showed Monday. Retail sales fell a seasonally adjusted 0.3 percent month-over-month in July, reversing a 0.3 percent increase in June. Sales of non-food products decreased...

The U.K. mortgage approvals declined to the lowest level in 20 months in August, the British Bankers' Association said Monday. The number of mortgages approved for house purchases fell to 36,997 in August from 37,672 in July. This was the lowest since January 2015, when mortgages totaled 36,615....

German business confidence improved in September, reports said citing survey data from Ifo institute on Monday. The business sentiment index rose to 109.5 in September, while the score was forecast to remain unchanged at August's initially estimated value of 106.2. The current conditions index...

More than three-quarters of UK chief executives are considering re-locating the company headquarters or some operations outside Britain because of the surprise "Brexit" vote in June, results of a survey showed Monday. A survey of 100 chief executives by KPMG revealed that 69 percent are confident...

Finland's producer prices continued to decline in August, though at a slower pace than in the prior month, figures from Statistics Finland showed Monday. Producer prices for manufactured products fell 2.6 percent year-over-year in August, following a 3.8 percent decrease in July. The measure has been...

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