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Economy And The Numbers

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Ireland's retail sales decreased in March after rising in the previous two months, preliminary figures from the Central Statistics Office showed Friday. The volume of retail sales fell 0.7 percent month-over-month in March, reversing a 0.2 percent increase in February. The sectors with the largest...

Austria's economic growth slowed in the first quarter after stabilizing in the final three months of 2016, preliminary data from the Austrian Institute of Economic Research/WIFO showed Friday. Gross domestic product, based on Eurostat calculation method, grew 0.5 percent quarter-on-quarter, following...

Portugal's unemployment rate decreased marginally in March, preliminary figures from Statistics Portugal showed Friday. The seasonally adjusted unemployment rate edged down to 9.8 percent in March from 9.9 percent in February. In the corresponding month last year, the jobless rate was 12.0 percent. The...

Russia's central bank slashed its key interest rate by a larger-than-expected 50 basis points on Friday, citing the economic recovery, and maintained that there was room for more reduction before the end of the year. The Board of Directors decided to reduce the key rate to 9.25 percent per annum,...

Lithuania's economic growth accelerated for the second straight quarter in the three months ended March, preliminary figures from the Department of Statistics showed Friday. Gross domestic product advanced a seasonally and working-day-adjusted 4.1 percent year-over-year in the first quarter, faster...

Italy's consumer price inflation accelerated at a faster-than-expected pace in April, preliminary figures from the statistical office Istat showed Friday. The consumer price index rose 1.8 percent year-over-year in April, faster than the 1.4 percent climb in March. Economists had expected the inflation...

Eurozone money supply and credit to the private sector expanded at faster pace in March, data from the European Central Bank showed Friday. The broad monetary aggregate M3 grew 5.3 percent year-on-year in March, faster than February's 4.7 percent increase. The annual rate was expected to remain unchanged...

UK home loan approvals declined more-than-expected to its lowest level in four months in March, figures from the British Bankers' Association showed Friday. The number of mortgages approved for house purchases fell to 41,061 from 42,247 in March. Economists had forecast 40,000. The figure was...

Turkey's foreign trade deficit decreased in March from a year ago, as exports grew faster than imports, figures published by the Turkish Statistical Institute showed Friday. The trade deficit dropped to $4.49 billion in March from $5.01 billion in the corresponding month last year. That was in line...

Eurozone inflation accelerated more than expected in April, flash data from Eurostat showed Friday. Inflation rose to 1.9 percent in April from 1.5 percent in March. Economists had forecast the annual rate to rise to 1.8 percent. The headline inflation rate remained within the European Central...

The U.K. economy expanded at the slowest pace in a year at the start of 2017, preliminary estimate from the Office for National Statistics showed Friday. Gross domestic product grew only 0.3 percent in the first quarter from prior three months. This was the slowest rate of growth since the first quarter...

A measure reflecting the current economic situation in euro area declined for a second straight month in April, the Bank of Italy said Friday. The Bank of Italy/CEPR Eurocoin indicator dropped to a three-month low of 0.67 from 0.72 in March. Yet, the index remains at a cyclically high level, the...

France's consumer spending decreased for the second straight month in March, defying economists' expectations for an increase, figures from the statistical office INSEE showed Friday. Consumer spending dropped 0.4 percent month-over-month in March, following a 0.7 percent drop in February, revised...

Spain's economic growth improved slightly in the first quarter, the statistical office INE said Friday. Gross domestic product climbed 0.8 percent sequentially, slightly faster than the 0.7 percent rise in the fourth quarter. Economists had forecast the rate to remain unchanged at 0.7 percent. On...

French inflation accelerated slightly, as expected, in April, the provisional estimate from the statistical office Insee showed Friday. Consumer price inflation rose marginally to 1.2 percent in April from 1.1 percent in March. The annual rate came in line with expectations. This slight increase...

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