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Economy And The Numbers

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Mexico's economic activity index (IGAE) grew 1.9% in December 2017, on an annual basis, accelerating slightly from November (+1.7%), said the country's statistics office. On an annual basis, by large groups of activities, the primary sector had a 1.8% increase in activity, while the service sector...

Brazilian food processor BRF net loss increased 77.4% in the last quarter of 2017 from a year before, to R$ 784 million (US$ 240.5 million), missing market estimates of a R$ 187.52 million profit. In 2017 as a whole, the company recorded a net loss of R$ 1.099 billion. According to BRF, a large part...

Brazilian state-owned companies Petrobras and Eletrobras relaunched the negotiations over a R$ 20 billion (US$ 6.14 billion) debt from the power company regarding gas supply from Petrobras. A source said that talks are underway, but that a possible agreement is still far from being reached, primarily...

The Chilean Producer Price Index (PPI) recorded a 0.6% decrease in January 2018 on a monthly basis, slowing down after reaching a 0.4% increase in December 2017 and posting the sharpest fall since September last year, said the country's statistics office. In twelve months, the index rose 6.7%, also decelerating...

Risk agency Moody's kept Colombia's credit rating at Baa2, but downgraded the rating outlook to negative from stable, pointing to a slower pace of fiscal consolidation and the prospect of little chance of additional budgetary measures by a new government. Moody's said that its decision to affirm the...

CaliforniaStateAssemby-Blockchain-022318.jpg A bill to amend California's electronic records law, aimed at recognizing blockchain transactions, digital signatures, and smart contracts as legal forms of record, has been introduced in the State Assembly. Assembly Bill 2658, titled "Electronic records: the Uniform Electronic Transactions Act: blockchain technology," was introduced by Majority Leader Ian Calderon.

Cryptocurrency-cybercrime-022318.jpg A new report on the global economic impact of cybercrime has named three cryptocurrencies that provide greater security to cybercriminals and help them evade policing. Cryptocurrency is proven to be the favored currency for darknet marketplaces, with cybercriminals taking advantage of its pseudonymous nature and decentralized organization to conduct illicit transactions and demand payments.

Germany-GDP-022318.jpg Germany's economy expanded at a solid pace, as initially estimated, in the fourth quarter largely driven by foreign demand, detailed data from Destatis showed Friday. Another official data showed that the largest euro area economy logged its biggest budget surplus in 2017 since the reunification in 1990. Gross domestic product climbed 0.6 percent sequentially.

Lithuania's industrial production declined in January largely due to the contraction in mining, figures from the Department of Statistics showed Friday. Industrial production dropped by adjusted 1.1 percent month-on-month in January. The decline was caused by a sharp 10.5 percent decrease in mining...

Croatia's consumer price inflation eased in January, the Croatian Bureau of Statistics reported Friday. Inflation eased to 1.1 percent in January from 1.2 percent in December. This was the weakest since August, when prices climbed 1 percent. Consumer prices, excluding energy and food, advanced...

Eurozone inflation eased as estimated in January, final data from Eurostat showed Friday. Inflation slowed slightly to 1.3 percent in January from 1.4 percent in December. The rate came in line with the estimate released on January 31. A similar slower increase in prices was last seen in July...

Austria's consumer price inflation slowed in January on cheaper holiday package, Statistics Austria reported Friday. Inflation eased to 1.8 percent in January from 2.2 percent in December. On a monthly basis, consumer prices dropped 0.7 percent in January. Inflation, based on the harmonized index...

Poland's jobless rate climbed to a 5-month high in January, data from the Central Statistical Office showed Friday. The jobless rate rose to 6.9 percent in January, in line with expectations, from 6.6 percent in December. This was the highest since last August, when the rate was 7 percent. In...

Spain's producer price inflation slowed sharply in January on weak energy prices, the statistical office INE said Friday. Producer prices gained 0.1 percent annually, much weaker than the 1.7 percent increase seen in December. Excluding energy, producer price inflation slowed slightly to 1.6 percent...

Denmark's retail sales decreased for the second straight month in January, data from Statistics Denmark showed Friday. Retail turnover dropped 0.2 percent month-on-month in January, following a 0.3 percent decrease in December. This was the second second consecutive fall. Food sales were down...

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