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Economy And The Numbers

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Ireland's factory gate prices decreased for the first time in seven months in June, figures from the Central Statistics Office showed Friday. The manufacturing industries output price index, excluding VAT, dropped 0.4 percent year-over-year in June, reversing a 1.1 percent rise in May. The price...

The Australian financial system is more resilient to shocks than it was in the past, Reserve Bank of Australia's Assistant Governor Michele Bullock said Friday. Higher capital and liquidity standards and greater supervision improved the strength of banks, she said in Melbourne. "But there is still...

Spain's foreign trade gap widened in May from a year ago, as imports grew faster than exports, preliminary figures from the Economy Ministry showed Friday. The trade deficit rose to EUR 1.43 billion in May from EUR 0.94 billion in the corresponding month last year. Exports climbed 15.2 percent...

The Eurozone economy is forecast to expand at faster than expected pace, according to the Survey of Professional Forecasters published by the European Central Bank. SPF respondents lifted 2017 growth outlook to 1.9 percent from 1.7 percent and that for next year to 1.8 percent from 1.6 percent. Expectations...

North Korea's economy expanded at the fastest pace in 17 years in 2016, Bank of Korea reportedly said Friday. Gross domestic product grew 3.9 percent year-on-year driven by defense spending. This was the biggest growth since 1999. The Bank of Korea estimated GDP based on information from government...

Switzerland's money supply growth accelerated for the third straight month in June, data from the Swiss National Bank showed Friday. The monetary aggregate M3 grew 4.1 percent year-on-year in June, faster than the 3.9 percent increase seen in May. At the same time, the annual growth in the narrow...

The UK budget deficit increased in June, data from the Office for National Statistics showed Friday. Public sector net borrowing, excluding interventions increased by GBP 2.0 billion from previous year to GBP 6.9 billion in June. The expected level was GBP 4.9 billion. In the current financial...

Lithuania's industrial production increased notably in June from a year ago, figures from the Department of Statistics showed Friday. Industrial production climbed a working-day-adjusted 6.9 percent year-over-year in June. On an unadjusted basis, production expanded by 10.0 percent. The growth...

The International Monetary Fund on Thursday approved "in principle" a new loan worth $1.8 billion to Greece. However, the arrangement has been approved in principle, which means it will become effective only after IMF receives specific and credible assurances from Greece's European partners to ensure...

Australia's interest rate need not increase automatically with the tightening of other central banks, Reserve Bank of Australia Deputy Governor Guy Debelle said Friday. "Just as the policy rate in Australia did not need to decline to the very low levels seen in other parts of the world, the fact...

New Zealand's net migration increased in June from a year ago, figures from Statistics New Zealand showed Friday. In the year to June 30, net migration reached a new record high of 72,305, up from 69,090 in the same period of 2016. Migrant arrivals numbered 131,400 and migrant departures totaled...

Total credit card spending in New Zealand increased for the fourth straight month in June, though marginally, data from the Reserve Bank of New Zealand showed Friday. Credit card spending edged up 0.2 percent month-over-month in June, slower than the 1.0 percent stable rate of rise in May. Domestic...

After several years of negotiation, Argentina closed a deal to sell fresh lemons to Mexico, after both countries agreed on phytosanitary requirements for the Argentinean exports of the fruits. Argentina's Minister of Agroindustry, Ricardo Buryaile, stated that "this topic was from the beginning considered...

Merval Index rose by 0.30%, closing at 21,515.67 points Thursday, with the oil price drop exerting negative pressure and diminishing market optimism with the government decision to suspend a capital gain tax targeted at foreign investors. According to Oscar Campos, an analyst at Intervalores, the...

Ibovespa, the main Brazilian stock market index, fell 0.37% Thursday, to 64,938.02 points, tracking iron ore and oil losses abroad, which weighed on the shares of Vale and Petrobras. Trading volume was at R$ 5.832 billion, a slight improvement compared to the last few days. Carrefour Brasil shares...

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