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Economy And The Numbers

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The Federal Reserve will likely raise interest rates this year, as long as economic activity picks up, Federal Reserve Chairwoman Janet Yellen said Friday. From there, the pace of future hikes will be gradual, she added. In a speech to the Chamber of Commerce in Providence, R.I., Yellen said transitory...

Belgium's consumer confidence rose for the first time in three months in May to reach its highest level in four years, on the back of significant improvement in the macroeconomic outlook during the month, the National Bank of Belgium said Friday. The consumer confidence indicator climbed to -3 from...

CPI-052215.jpg Consumer prices in the U.S. rose in line with economist estimates in the month of April, according to a report released by the Labor Department on Friday, although the report also showed a bigger than expected increase in core prices.

Bank of England Deputy Governor Minouche Shafik said productivity growth is likely to resume and factors pulling inflation down could be temporary. "I think it is reasonable to expect that resumption in productivity growth to come over the next year or so as the continued narrowing of slack in the...

Draghi-052215.jpg European Central Bank President Mario Draghi reiterated on Friday that euro area economic conditions have improved, indicating a cyclical recovery, and urged the region's governments to make progress on structural reform that is essential to sustain the momentum. "The economic outlook for the euro area is brighter today than it has been for seven long years," he said.

Turkey's manufacturing capacity utilization climbed for the second straight month in May, figures from the central bank showed Friday. The capacity utilization rate rose to 74.9 percent in May from 74.1 percent in the previous month. The latest figure was the highest since October last year, when...

GermanBusinessConfidence-052215.jpg German business confidence weakened marginally from a 10-month high in May and the economy grew at a slower pace in the first quarter, as initially estimated, revealed two separate reports released Friday. The business confidence index fell less-than-expected to 108.5 in May from 108.6 in April, according to a survey by Munich-based Ifo Institute. This was the first fall in seven months but the i

Iceland's wage growth eased for the second straight month in April and reached a 10-month low, figures from Statistics Iceland showed Friday. The wage index increased 5.2 percent year-over-year in April, slower than March's 5.6 percent climb. The latest rate of growth was the slowest since May last...

Capital Economics expects global growth to pick up in the second quarter after a soft patch at the beginning of the year, with the expectations attributed to the results of the preliminary purchasing managers' surveys for May. "We still think activity will rebound strongly in the U.S., but we expect...

Taiwan's economy grew slower than initially estimated in the first quarter and the government forecast slower growth for the year, a report from the Directorate General of Budget, Accounting & Statistics showed Friday. Gross domestic product grew 3.37 percent in the first quarter from last year, revised...

Italy's retail sales dropped unexpectedly in March, after staying flat in the previous month, figures from the statistical office Istat showed Friday. Retail sales fell 0.2 percent year-over-year in March, defying economists' expectations for a 0.4 percent climb. In February, sales showed no variations,...

Greece's current account deficit in March increased from a year ago, figures from the Bank of Greece showed Friday. The current account deficit widened to EUR 404.1 million in March from EUR 88.4 million in the same month of the previous year. The goods trade deficit narrowed to EUR 1.01 billion...

European Central Bank President Mario Draghi reiterated on Friday that euro area economic conditions have improved, indicating a cyclical recovery, and progress on structural reform is needed to sustain it. "The economic outlook for the euro area is brighter today than it has been for seven long years....

The U.K. budget deficit narrowed in April from last year, data published by the Office for National Statistics showed Friday. Public sector net borrowing excluding banks declined by GBP 2.5 billion to GBP 6.8 billion in April. This decrease in net borrowing was largely a result of a decline of...

Italy's industrial orders dropped unexpectedly in March, after rising in the prior month, figures from the statistical office Istat showed Friday. Industrial orders fell 0.3 percent month-over-month in March, defying economists' expectations for a 0.7 percent increase. In February, orders had risen...

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