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Economy And The Numbers

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ismnon-030415.jpg Activity in the U.S. service sector unexpectedly grew at a slightly faster rate in the month of February, according to a report released by the Institute for Supply Management on Wednesday.

MarioDraghi-ECB-030415.jpg The European Central Bank on Thursday is set to detail its historic $1.1 trillion quantitative easing plan announced in January and present its latest batch of growth and inflation forecasts for the euro area, after what is likely to be an otherwise uneventful rate-setting session now that the drama...

Activity in the U.S. service sector unexpectedly grew at a slightly faster rate in the month of February, according to a report released by the Institute for Supply Management on Wednesday.

ADP-030415.jpg Payroll processor ADP released a report on Wednesday that once again showed solid private sector job growth above 200,000 jobs in the month of February, although the pace of growth saw a notable slowdown compared to the previous month.

U.S. mortgage applications were basically flat last week despite a modest drop in interest rates, according to the Mortgage Bankers Association (MBA). The MBA's seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, rose 0.1 percent in...

Payroll processor ADP released a report on Wednesday that once again showed solid private sector job growth above 200,000 jobs in the month of February, although the pace of growth saw a notable slowdown compared to the previous month.

India's Chief Economic Advisor Arvind Subramanian said global rating agencies should upgrade the sovereign ratings of the country. After the Reserve Bank of India cut its key rates early Wednesday, the economic adviser said, "If the outlook is looking good, the rating agencies should draw their lessons...

EurozoneRetailSales-030415.jpg Eurozone retail sales grew at the fastest pace in nearly two years and the private sector activity in all big-four economies in the bloc expanded for the first time since April 2014. Retail sales rose 1.1 percent on a monthly basis in January, faster than a revised 0.4 percent growth in December, a report from Eurostat revealed Wednesday. A similar 1.1 percent rise was last seen in May 2013.

Ireland's unemployment rate eased for the second straight month In February, figures from the Central Statistical Office showed Wednesday. The seasonally adjusted standardized unemployment rate fell to 10.1 percent in February from 10.3 percent in the previous month. In December, the jobless rate...

Luxembourg's consumer prices increased slightly in February, after falling in the previous two months, figures from the statistical office STATEC showed Wednesday. The consumer price index rose 0.1 percent year-on-year in February, reversing a 0.4 percent drop in January. It was the first increase...

Eurozone retail sales growth accelerated unexpectedly in January on both food and non-food turnover, Eurostat reported Wednesday. Retail sales were up 1.1 percent on a monthly basis, faster than a revised 0.4 percent growth in December. The monthly growth rate was forecast to ease to 0.2 percent from...

The U.K. service sector expansion slowed unexpectedly in February, survey data from Markit showed Wednesday. The Markit/Chartered Institute of Purchasing and Supply Purchasing Managers' Index for the service sector decreased to 56.7 in February from 57.2 in January. The score was forecast to rise...

Slovakia's retail sales remained unchanged at the start of the year, after increasing at a faster pace in the previous month, preliminary figures from the Statistical Office of the Slovak Republic showed Wednesday. Retail trade, except of motor vehicles and motorcycles, remained flat in January, following...

The Eurozone private sector expanded in February albeit at a slower than initially estimated pace, survey data from Markit Economics showed Wednesday. The composite output index rose to 53.3 in February from 52.6 in January. The reading was slightly below the flash score of 53.5. Nonetheless,...

Italy's service sector activity stagnated unexpectedly in February after expanding in the previous month, survey figures from Markit Economics showed Wednesday. The headline Markit/ADACI services Purchasing Managers' Index decreased to 50 in February from 51.2 in January. Economist had forecast the...

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