Economy And The Numbers

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The European Central Bank will not hesitate to act, but only if needed, Executive Board member Peter Praet said in an opinion piece on Friday. He said that the bank is ready to review its policy early next year and to consider printing money to buy sovereign bonds. "The year ahead will be challenging...

South Korea cut its growth forecast on Monday as consumer and investment sentiment in the private sector weakened. The forecast for economic growth in 2015 was downgraded to 3.8 percent from the 4 percent growth projected in July, the Ministry of Strategy and Finance said in its biannual economic...

Taiwan's unemployment rate remained stable in November, data from the Directorate General of Budget Accounting and Statistics, or DGBAS, showed Monday. The unemployment rate came in at a seasonally adjusted 3.87 percent in November, the same as in October. Economists had forecast the jobless rate...

New Zealand consumer confidence declined in the fourth quarter of 2014, the results of a survey by Westpac and McDermottMiller showed Monday. The Westpac McDermott Miller consumer confidence index dropped to 114.8 in the fourth quarter from 116.7 in the third quarter. This marked the lowest reading...

Mexico's unemployment rate eased for the fourth successive month in November to its lowest level since the end of last year, figures from the statistical office INEGI showed Friday. The unadjusted jobless rate fell to 4.53 percent from 4.78 percent in October. Economists had expected a figure of 4.60...

Brazil's unemployment unexpectedly rose in November after easing in the previous two months, figures from the statistical office IBGE showed Friday. The jobless rate climbed to 4.8 percent from a 10-month low of 4.7 percent in October. Economists had expected the rate to ease further to 4.5 percent....

Hourly wages in Italy rose for the second straight month in November, figures from the statistical office ISTAT showed Friday. Wages edged up 0.1 percent month-on-month in November, same as in the previous month, after remaining unchanged in the previous three months. On a yearly basis, hourly...

UK-Pound-121914.jpg The U.K. budget deficit narrowed in November, yet a considerable improvement is required to meet the government's fiscal target for 2014/15. Public sector net borrowing excluding interventions declined by GBP 1.6 billion from last year to GBP 14.1 billion in November, the Office for National Statistics reported Friday. Economists had forecast the shortfall to total GBP 15.1 billion.

Philippines' balance of payment showed a surplus of $712 million in the third quarter, the Bangko Sentral ng Pilipinas said Friday. This was lower by 42.9 billion from the same period last year. This decline was mainly on account of the net outflows in the financial account, a reversal of the net...

Ireland's factory-gate prices increased for the second straight month in November, figures from the Central Statistics Office showed Friday. The output price index in the manufacturing industry, excluding VAT, climbed 0.6 percent year-on-year in November, faster than 0.3 percent rise in the previous...

Latvia's producer prices remained unchanged in November, after falling in the previous month, figures from the Central Bureau of Statistics showed Friday. The producer price index remained unchanged annually in November, after a 0.1 percent decline in October. In September, prices climbed 0.3 percent. Domestic...

Asia Pacific investors are concerned about geopolitical tension upsetting the regional markets and feel that Abenomics will not deliver markedly higher economic growth for Japan, Fitch Ratings said on Friday, citing results of a survey. The Fitch Ratings' Asia-Pacific fixed income investor survey...

British retail sales growth accelerated at its fastest pace in almost 26 years in December largely driven by "Black Friday" price cuts, survey data from the Confederation of British Industry showed Friday. About 71 percent of retailers said sales volume increased from a year ago, while 9 percent...

Iceland's consumer price inflation slowed for the second straight month in December, figures from Statistics Iceland showed Friday. The consumer price index rose 0.8 percent year-on-year in December, slower than 1.0 percent rise in the previous month. On a monthly basis, consumer prices climbed...

Slovenia's output prices remained unchanged for the second straight month in November, figures from the Statistical Office of the Republic of Slovenia showed Friday. Output prices remained unchanged year-on-year in November, same as in the previous month. Prices had fallen continuously since September...