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Economy And The Numbers

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New Zealand will on Thursday release Q2 numbers for gross domestic product, headlining a light day for Asia-Pacific economic activity. GDP is expected to expand on quarter and 2.5 percent on year after gaining 0.5 percent on quarter and 2.7 percent on year in the three months prior. Japan will...

Thailand's central bank kept its interest rate unchanged on Wednesday, as policymakers assessed that the policy stance remained conducive to the continuation of economic growth and maintenance of the inflation target. The Monetary Policy Committee of Bank of Thailand voted 5-2 to hold the policy rate at 1.50 percent.

housing-starts-091918.jpg A report released by the Commerce Department on Wednesday showed a sharp increase in new residential construction in the U.S. in the month of August, although the report also showed a steep drop in building permits during the month.

ukretail-sep19.jpg UK inflation rose unexpectedly in August, squeezing consumers' disposable income even as wages showed signs of recovery. Consumer price inflation increased to 2.7 percent in August from 2.5 percent in July, the Office for National Statistics reported Wednesday. A similar higher rate was last seen in February. Economists had forecast inflation to ease to 2.4 percent.

A report released by the Commerce Department on Wednesday showed a sharp increase in new residential construction in the U.S. in the month of August, although the report also showed a steep drop in building permits during the month.

Poland's industrial production growth slowed sharply in August, after a surge in the previous month, figures from the statistical office showed Wednesday. Separate data from the statistical office showed that producer prices also grew at a slower pace in August.

Italy's current account surplus for July grew from the same period last year, largely due to an improvement in the services surplus, figures from the Bank of Italy showed Wednesday. The current account surplus increased to EUR 8.607 billion from EUR 7.864 billion a year ago.

Eurozone construction output grew at a slower pace in July reflecting contraction in civil engineering, Eurostat reported Wednesday. Construction output rose 0.3 percent month-on-month, slower than the 0.7 percent increase in June. This was the fourth consecutive rise in production. Building...

Portugal's producer prices accelerated for a fifth straight month in August, figures from Statistics Portugal showed Wednesday. The producer price index rose 4.6 percent year-on-year following 4.5 percent in July.

The euro area current account surplus decreased in July largely due to a fall in visible trade surplus, the European Central Bank reported Wednesday. The current account surplus fell to a seasonally adjusted EUR 21 billion in July from EUR 24 billion in June. The surplus on trade in goods decreased...

bankofjapan-sept19.jpg The Bank of Japan maintained its ultra-loose monetary policy at its September meeting after tweaking its stance in July. The policy board voted 7-2 to purchase government bonds so that the yield of 10-year JGBs will remain at around zero percent, the BoJ said Wednesday. The board retained the -0.1 percent interest rate on current accounts that financial institutions maintain at the bank.

Amended headline, intro and second paragraph of the story UK inflation rose to a six-month high in August, the Office for National Statistics reported Wednesday. Consumer price inflation increased unexpectedly to 2.7 percent in August from 2.5 percent in July. This was the highest rate since February....

South Africa's consumer price inflation slowed in August, after surging in the previous month, defying expectations for further acceleration, preliminary data from Statistics South Africa showed Wednesday. The consumer price index rose 4.9 percent year-on-year following 5.1 percent increase in July. Economists had expected inflation to climb to 5.2 percent.

The Swiss federal government's expert group raised its growth outlook for 2018 but maintained the estimate for 2019. The State Secretariat for Economic Affairs said the economy is forecast to grow 2.9 percent this year instead of 2.4 percent projected in June. The outlook for 2019 was retained at...

Europe's passenger car registrations increased at faster rates in July and August, the European Automobile Manufacturers' Association reported Wednesday. Passenger car sales increased 10.5 percent year-on-year in July after expanding 5.2 percent in June. August usually is the lowest sales month...

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