Economy And The Numbers

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Mexico's economy growth improved in the third quarter, in line with economists' expectations, and at the fastest pace in nearly two years, preliminary data from the statistical office INEGI showed Friday. Gross domestic product rose an unadjusted 2.2 percent year-on-year following 1.6 percent increase...

peoplesbankofchina-112114.jpg China's central bank on Friday unexpectedly cut its key interest rates for the first time in more than two years in a bid to boost sagging growth momentum. The People's Bank of China reduced the one-year lending rate by 40 basis points to 5.6 percent. The one-year deposit rate was cut by 25 basis points to 2.75 percent.

China's central bank on Friday unexpectedly cut its key interest rates for the first time in more than two years in a bid to boost growth momentum. The People's Bank of China reduced the one-year lending rate by 40 basis points to 5.60 percent and the one-year deposit rate was cut by 25 basis points...

Brazilian business confidence rose for a second straight month in October, survey data from the think tank FGV showed Friday. The business confidence index rose to 85.8 from 82.6 in October. It was the strongest reading since June, when the score was 87.2. The current conditions index surged...

Iceland's wages grew at a slightly slower pace in October, Statistics Iceland reported Friday. Wages gained 0.6 percent month-on-month in October following a 0.7 percent rise in September. Meanwhile, annual growth accelerated to 6.6 percent from 6.2 percent a month ago. Real wages were up 0.5 percent...

Lithuania's industrial production in October increased from a year ago, figures from Statistics Lithuania showed Friday. The industrial production index advanced a working-day adjusted 1.2 percent year-on-year in October. Production in the manufacturing sector grew by 2.3 percent in October. On...

The leading index for Germany remained flat in September, figures from the Conference Board showed Friday. The leading index was unchanged month-over-month in September after the 1.3 percent decline in August. Four out of the seven sub-indices increased in September. The coincident index, a...

British government borrowing in October decreased from a year ago and was in line with economists' expectations, figures from the Office for National Statistics showed Friday. Public sector net borrowing excluding interventions was GBP 7.7 billion in October, down 2.4 percent from GBP 7.9 billion...

Hourly wages in Italy increased in October, a report from the statistical office ISTAT showed Friday. Wages rose 0.1 month-on-month in October after remaining unchanged in September, August and July. Annually, wages rose 1 percent, slower than the 1.1 percent growth in September. Among the major...

The firm anchoring of inflation expectations is critical under any circumstances, European Central Bank President Mario Draghi said Friday. The inflation situation in the euro area has also become increasingly challenging, Draghi said at the Frankfurt European Banking Congress. He observed the risk...

Hungary's employee wage growth quickened in September from a year ago, figures from the Hungarian Central Statistical Office showed Friday. Gross earnings rose 2.4 percent year-on-year in September, faster than the 2.2 percent rise in August. In July, earnings went up 3.1 percent. Net earnings...

Switzerland's money supply growth held steady in October, the Swiss National Bank said Friday. M3, the broad measure of money supply, grew 3.4 percent year-on-year, the same rate as seen in September. At the same time, the annual growth in the narrow measure, M1 rose to 2.9 percent from 2.8 percent...

Moody's Investors Service said outlook for the Philippine banking system remains positive over the next 12-18 months. The outlook reflects the agency's expectation that robust economic growth and low banking-sector penetration will continue to support sustainable credit growth, Moody's said Friday. "The...

Malaysia's consumer prices rose less than expected in October despite a notable increase in transportation cost, official data revealed Friday. Consumer prices rose 2.8 percent in October from last year, the Department of Statistics said. Inflation was forecast to accelerate to 3 percent from 2.6...

The house prices sentiment index continued to remain positive in November, though it was at the lowest level in twelve months, results of the household property prices sentiment survey from Markit Economics showed Friday. The house prices sentiment index, or HPSI, came in at 58.4 in November. This...