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Economy And The Numbers

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New orders for U.S. manufactured durable goods fell by more than expected in the month of May, according to a report released by the Commerce Department on Monday. The report said durable goods orders tumbled by 1.1 percent in May after slumping by 0.9 percent in April. Economists had expected orders...

New orders for U.S. manufactured durable goods fell by more than expected in the month of May, according to a report released by the Commerce Department on Monday.

Inflation in Argentina will be around 21% or 22% per year in July and decline in the coming months, said Federico Sturzenegger, President of the Central Bank of Argentina (BCRA), yesterday during a speech at the 9th Fundación Libertad's Economy and Business Forum.

Brazil's consumer confidence weakened in June after strengthening in the previous month, figures from the Getulio Vargas Foundation, or FGV, showed Monday. The consumer confidence index fell by 1.9 points to 82.3 in June from 84.2 in May. The survey revealed that the decline in June may be a reflection...

Germanbusinessconf-062617.jpg German business confidence strengthened to a record high in June, breaking last month's record, as companies were more satisfied with their current situation amid improved outlook. The business confidence index rose unexpectedly to 115.1 in June from 114.6 in May, survey data from the Munich-based Ifo institute showed Monday.

Poland's unemployment rate decreased for the fourth straight month in May, in line with expectations, figures from the Central Statistical Office showed Monday. The registered jobless rate fell to 7.4 percent in May from 7.7 percent in April. The figure also matched consensus estimate. In the corresponding...

UK mortgage approvals declined to an eight-month low in May, the British Bankers' Association reported Monday. The number of mortgages approved in May totaled 40,347, the lowest since September 2016. Economists had forecast approvals to drop to 40,250 from 40,686 in April. Remortgaging approval...

Hong Kong's foreign trade gap widened in May from a year ago, as imports grew faster than exports, figures from the Census and Statistics Department showed Monday. The trade deficit rose to HK$35.6 billion in May from HK$26.2 billion in the corresponding month last year. In April, the shortfall was...

German business confidence strengthened in June, the Ifo Institute reportedly said Monday. The business confidence index rose to 115.1 in June from 114.6 in May. The reading was expected to fall to 114.4. The current conditions index came in at 124.1, above the expected reading of 123.3. At...

Czech Economic confidence weakened for the second straight month in June, though marginally, survey data from the Czech Statistical Office showed Monday. The economic sentiment indicator dropped to 12.3 in June from 12.4 in the previous month. The consumer confidence index fell notably to 3.8 in...

Spain's producer price inflation eased in May, figures from the statistical office INE showed Monday. Producer prices advanced 5.3 percent year-on-year in May, following April's 6 percent increase. Excluding energy, producer prices increased only 2.6 percent after rising 2.8 percent in the previous...

Finland's producer price inflation eased in May after accelerating in the previous month, figures from Statistics Finland showed Monday. Producer prices for manufactured products rose 4.1 percent year-over-year in May, slower than the 5.0 percent climb in April. The measure has been rising since November...

EEP17-011515_26Jun17.jpg Business sentiment survey data from Germany is due on Monday, headlining a light day for the European economic news.

Japan's leading index declined more than initially estimated in April, latest figures from the Cabinet Office showed Monday. The leading index, which measures the future economic activity, dropped to 104.2 in April from 105.7 in March. The reading for April was revised down from 104.5. The latest...

Britishchamberofcommerce-062617.jpg The UK growth over the next few years is forecast to remain anaemic, the British Chambers of Commerce said Monday. Nonetheless, in its Economic Forecast, the BCC upgraded its growth outlook for 2017 to 1.5 percent from 1.4 percent, citing strong global growth outlook. Moreover, lower sterling is likely to boost short-term export activity this year.

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