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ConsumerConfidence-092617.jpg A report released by the Conference Board on Tuesday showed a deterioration in U.S. consumer confidence in the month of September. The Conference Board said its consumer confidence index dropped to 199.8 in September from a revised 120.4 in August. Economists had expected the index to slide to 120.2...

New home sales in the U.S. unexpectedly showed a sharp decrease in the month of August, according to a report released by the Commerce Department on Tuesday. The Commerce Department said new home sales tumbled by 3.4 percent to an annual rate of 560,000 in August from the revised July rate of 580,000....

Mexico's unemployment rate rose for the first time in nine months in August, figures from the statistical office INEGI showed Tuesday. The seasonally adjusted jobless rate edged up to 3.3 percent from 3.2 percent in July. The latest figure was in line with economists expectations. The increase...

The latest policy statement suggest that the Philippines central bank is likely to leave rates on hold both this year and next, Alex Holmes, an economist at Capital Economics, said. The Monetary Board of the Bangko Sentral ng Pilipinas, governed by Nestor Espenilla, held the overnight reverse repurchase...

Hong Kong's foreign trade deficit increased in August from a year ago, as imports grew faster than exports, the Census and Statistics Department reported Tuesday. The visible trade deficit widened to HK$35.5 billion in August from HK$32.1 billion in the corresponding month last year. The deficit also...

UK mortgage approvals increased to a six-month high in August, data published by the UK Finance showed Tuesday. The number of mortgage approvals rose to 41,807 in August from 41,644 in July. This was the highest since February, when it totaled 42,328. Gross mortgage borrowing was GBP 13.2 billion,...

Sweden's producer price inflation eased in August after accelerating in the previous month, figures from Statistics Sweden showed Tuesday. Producer price inflation moderated to 3.8 percent in August from 5.7 percent in July. Prices have been rising since October last year. Prices on the export...

South Africa's leading index improved for the second straight month in July, data from the South African Reserve Bank showed Tuesday. The composite leading index rose to 97.3 in July from 95.8 in June, which was revised up slightly from 95.7. Out of the ten components, eight contributed positively...

France's manufacturing confidence weakened slightly in September, survey data from the statistical office Insee showed Tuesday. The business confidence index among manufacturers fell to 110 in September from 111 in August. The reading was forecast to remain unchanged at 111.0. The score in August...

Finland's retail sales increased in August from a year ago, preliminary figures from Statistics Finland showed Tuesday. The retail sales value climbed 2.8 percent year-over-year in August. Similarly, the price-adjusted volume of retail sales grew 2.9 percent. In daily consumer goods trade, sales...

Finland's unemployment rate held steady in August after falling in the previous two months, figures from Statistics Finland showed Tuesday. The jobless rate came in at 7.5 percent in August, the same rate as in July. In the corresponding month last year, the rate was 7.2 percent. The number...

Germany's import price inflation accelerated in August on higher intermediate and energy prices, data from Destatis showed Tuesday. Import prices advanced 2.1 percent year-on-year in August, faster than the 1.9 percent increase seen in July. The annual rate came in line with expectations. Month-on-month,...

Sri Lanka's central bank decided to keep its key interest rates unchanged on Tuesday. The monetary board of the Central Bank of Sri Lanka maintained the standing deposit facility rate at 7.25 percent and the standing lending facility rate at 8.75 percent. Taking into account the developments...

Business confidence from France is due on Tuesday, headlining a light day for the European economic news.

ADB-GDP-092617.jpg The Asian Development Bank upgraded its developing Asia's growth outlook citing the broad-based recovery in global trade and strong expansion in industrial economies. In an update to its annual economic publication, Asian Development Outlook 2017, the lender said developing Asia will grow 5.9 percent in 2017 and 5.8 percent in 2018.

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