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Economy And The Numbers

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German Chancellor Angela Merkel said on Saturday that there was a "valuation problem" with the euro and it was beyond the influence of her government as monetary policy is set for the entire euro area that has 19 member states. Responding to reporters' questions at the Munich Security Conference,...

LeadingIndicatorIndex-021717.jpg Pointing to a positive economic outlook in the first half of the year, the Conference Board released a report on Friday showing a bigger than expected increase by its index of leading U.S. economic indicators in the month of January.

Italy's current account surplus increased slightly in December, the Bank of Italy reported Friday. The current account surplus rose to EUR 5.53 billion in December from EUR 5.41 billion in the prior year. The surplus on trade in goods fell to EUR 6.27 billion from EUR 6.51 billion and the deficit...

Portugal's producer price inflation accelerated in January, Statistics Portugal reported Friday. Producer prices advanced 3 percent year-on-year in January, faster than the 1.4 percent increase seen in December. Excluding energy, producer prices remained flat following a 0.1 percent drop in the...

UK-Retailsales-021717.jpg UK retail sales declined unexpectedly at the start of the year as consumers curbed their spending in response to rising inflation. Retail sales including automotive fuel dropped 0.3 percent month-on-month in January, following a 2.1 percent fall in December, data from the Office for National Statistics showed Friday.

Fitch Ratings maintained the sovereign ratings of New Zealand at 'AA' with 'stable' outlook on Friday. The agency said the ratings were supported by very strong governance standards and prudent fiscal management. Moreover, the economic momentum was stronger than Fitch had previously expected. GDP...

Eurozone construction output declined for the first time in three months in December, figures from Eurostat showed Friday. Construction output dropped 0.2 percent month-on-month in December, in contrast to November's 0.9 percent increase. Output had increased in the previous two months. On a...

U.K. retail sales declined unexpectedly in January, data from the Office for National Statistics showed Friday. Retail sales including automotive fuel dropped 0.3 percent month-on-month in January, following a 2.1 percent fall in December. Sales were expected to grow 1 percent. Excluding automotive...

The euro area current account surplus declined in December, the European Central Bank said Friday. The current account surplus fell to a seasonally adjusted EUR 31 billion in December from EUR 36.4 billion in November. The surplus on trade in goods rose to EUR 31.7 billion from EUR 30.8 billion...

Sweden's consumer price inflation slowed more than expected as prices normally drop at the start of the year, data from Statistics Sweden revealed Friday. Inflation fell to 1.4 percent in January from 1.7 percent in December. The rate was forecast to ease to 1.5 percent. Month-on-month, the consumer...

EEP4-091614_17Feb17.jpg Retail sales data from the U.K. is due on Friday, headlining a light day for the European economic news.

New Zealand's manufacturing sector registered a slower growth in January, according to the BNZ - BusinessNZ Performance of Manufacturing Index, published on Friday. The PMI dropped by 2.6 points from prior month to 51.6 in January, the lowest since January 2015. However, the sector has remained in...

New Zealand retail sales growth stabilized in the fourth quarter, Statistics New Zealand showed Friday. The retail sales volume climbed by adjusted 0.8 percent in the December quarter, similar to the September quarter growth but slower than June quarter's 2.2 percent increase. Economists had...

The Singapore economy expanded more than initially estimated in the fourth quarter, data from the Ministry of Trade and Industry showed Friday. On a quarter-on-quarter seasonally-adjusted annualized basis, the economy grew 12.3 percent, a turnaround from the 0.4 percent decline in the previous quarter....

ECB-021617.jpg European Central Bank policymakers broadly agreed to look through the energy-driven recent upturns in headline inflation and sought patience as they judged that the euro area economy required a substantial monetary stimulus to bring price growth to target, minutes of the bank's policy session held on January 18-19 showed Thursday.

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