Economy And The Numbers

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federalreserve-082014.jpg The Federal Reserve debated when to hike interest rates amid signs the labor market has moved closer to normal, according to the minutes of the Fed's July policy meeting. At the meeting held July 29-30 the Federal Open Market Committee voted 9-1 to maintain its current policy of very gradually withdrawing...

British households remained pessimistic regarding their finances in August amid stagnant pay levels, results of a survey by Markit Economics and Ipsos MORI showed Wednesday. The UK Markit Household Finance Index, which reflects households' view of financial well-being, edged up to 42.2 in August...

Poland's industrial production growth exceeded expectations in July, while producer prices fell more than forecast, data showed Wednesday. Industrial production grew 2.3 percent year-on-year in July, data from the Central Statistical Office showed. The growth exceeded the 1.8 percent rise forecast...

Iceland's central bank kept its key interest rate unchanged as it expects inflation to remain close to the target. The Monetary Policy Committee of Sedlabanki maintained the seven-day collateral lending rate at 6 percent. The rate was changed previously in November 2012, when it was a quarter-point...

U.K. factory orders grew more than expected in August and manufacturers forecast robust growth in output over the next three months, Industrial Trends survey data from the Confederation of British Industry showed Wednesday. About 29 percent of firms reported that total order books were above normal...

BoE-082014.jpg Bank of England policymakers split on rate decision this month, for the first time in more than three years as two members said the current economic situation warrant an immediate rate hike from a historic-low. At the August Monetary Policy Committee meeting, Ian McCafferty and Martin Weale sought a quarter-point hike in the bank rate to 0.75 percent.

Greece's current account surplus in June advanced from a year ago, led by the rise in surpluses of services and current transfers balances as well as an improvement in the income account, figures from the Bank of Greece showed Wednesday. The current account surplus rose to EUR 1.4 billion in June...

Malaysia's consumer price inflation eased moderately in July, after accelerating in the previous month, figures from the Department of Statistics showed Wednesday. The consumer price index rose 3.2 percent year-on-year in July, slower than June's 3.3 percent increase. Economists had forecast prices...

Eurozone construction output declined for the second straight month in June, data from Eurostat showed Wednesday. Construction output fell 0.7 percent in June from a month ago. But the rate of decline eased from the 1.4 percent fall registered in May. Both building and civil engineering declined...

The Bank of England maintained its key rate unchanged at a historic low at the August meeting on a split vote, the minutes showed Wednesday. Ian McCafferty and Martin Weale sought a quarter point hike in the bank rate, to 0.75 percent, while all other seven members of the Monetary Policy Committee...

Dutch consumer confidence worsened more than expected in August, as consumers were less optimistic about future economic developments, figures from the Central Bureau of Statistics showed Wednesday. The consumer confidence index fell to -6 in August from -2 in July, which was same as in the previous...

Taiwan's export orders growth slowed more than expected in July, data showed Wednesday. Export orders advanced 5.7 percent year-on-year in July, slower than the 10.6 percent increase in June, the Ministry of Economic Affairs said. Orders were forecast to increase by 7.3 percent. Nonetheless, export...

Germany's producer prices continued to decline in July, data from Destatis showed Wednesday. Producer prices were down 0.8 percent year-on-year in July, sharper than the 0.7 percent fall seen in June. Economists had forecast prices to fall again by 0.7 percent. Prices of consumer non-durable goods...

GlennStevens-RBA-082014.jpg Reserve Bank of Australia Governor Glenn Stevens kept the foreign exchange intervention plan open to build up confidence and bring the stubbornly high currency to lower levels."The exchange rate, another channel through which monetary policy usually has an effect, is probably not doing as much as it might usually be expected to do in achieving balanced growth," he said in his opening statement.

Singapore's wholesale sales continued to drop in the second quarter of the year, data released by the Department of Statistics revealed Wednesday. Domestic wholesale sales, at current prices, declined a seasonally adjusted 2.2 percent in the three month period to June. That was followed by a 0.4 percent...