Economy And The Numbers

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South Korea will on Thursday see an advance estimate for Q2 GDP, highlighting a busy day in Asia-Pacific economic activity. Gross domestic product is expected to add 0.1 percent on quarter and 3.3 percent on year following the 0.9 percent quarterly increase and the 3.9 percent yearly gain in the previous...

Euro area consumer confidence deteriorated for a second straight month in July, preliminary data from the European Commission showed Wednesday. The flash consumer confidence index for Eurozone fell to -8.4 from -7.5 in June. Economists had forecast the score remain unchanged. The confidence index...

BoE-Carney-072314.jpg Bank of England Governor Mark Carney said on Wednesday that interest rate will have to start rising to maintain price stability as the economy normalizes. "As the economy normalizes, Bank Rate will need to start to rise in order to achieve the inflation target," Carney said in a speech in Glasgow, Scotland.

The European Bank for Reconstruction and Development said on Wednesday that it will not give approval to new investment projects in Russia after the European Union and the US slapped sanctions on the country last week as the Russia-Ukraine conflict worsened. "A majority of the Board of Directors...

Australia's mid-size businesses expect challenges in maintaining cash flow over short to mid term, mainly due to operating costs, results of a Bankwest survey showed Wednesday. That said, the majority of mid-size businesses were optimistic about business growth over the next five years, the second...

SpanishFlag-072314.jpg The Bank of Spain on Wednesday boosted its growth projections for Spain this year and the next after the economy grew at a faster rate in the second quarter. In its monthly economic bulletin, the bank raised the growth forecast for this year to 1.3 percent from the 1.2 percent seen previously. The projection for the next year was lifted to 2 percent from 1.7 percent.

BoE-072314.jpg Bank of England policymakers unanimously decided to maintain the key interest rate and quantitative easing at the meeting held on July 9 and 10, but signaled the possibility of a rate hike late this year as growth became more established.

Ireland's factory gate prices continued its downward trend but the pace of decline slowed in June, figures from the Central Statistical Office showed Wednesday. The output price index in the manufacturing industry fell 1.7 percent year-on-year in June, much slower than May's 3.1 percent decline. In...

Iceland's consumer price inflation accelerated in July, after easing in the previous month, figures from Statistics Iceland showed Wednesday. The consumer price index rose 2.4 percent year-on-year in July, faster than June's 2.2 percent increase. In May, prices went up 2.4 percent. Excluding housing...

U.K. retailers expect a stronger sales growth next month and increased their stocks in relation to expected demand, Distributive Trades Survey from the Confederation of British Industry showed Wednesday. Beating expectations, retail sales balance rose to +21 percent in July from +4 percent in June....

Iceland's wage index increased at a faster pace for a third consecutive month in June, figures from Statistics Iceland showed Wednesday. The wage index rose 5.4 percent year-on-year in June, following a 5.2 percent climb seen in the previous month. In April, the index went up 4.8 percent. On a...

Taiwan's commercial sales rose at a faster pace in June, exceeding consensus estimate, a report from the Ministry of Economic Affairs revealed Wednesday. Commercial sales rose 4.1 percent year-over-year in June, following a slower 4 percent increase in May. This topped expectations for a 4 percent...

Taiwan's industrial production grew for the fifth consecutive month in June and at a faster-than-expected rate, preliminary figures from the Ministry of Economic Affairs showed Wednesday. Production climbed 8.63 percent year-on-year in June, which was faster than the 5.42 percent increase in May and...

U.K. mortgage approvals increased to a 3-month high in June, data showed Wednesday. According to British Bankers' Association, loans approved for house purchases increased to 43,265 from revised 41,881 in May. Economists had forecast it to fall to 41,375 from May's originally estimated 41,757. Including...

South Africa's inflation held steady in June, defying expectations for further acceleration, data from Statistics South Africa showed Wednesday. The consumer price index rose 6.6 percent year-over-year in June, the same rate as in May. Economists had expected the rate to rise for a seventh consecutive...