Economy And The Numbers

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Joblessclaims-073114.jpg First-time claims for U.S. unemployment benefits rebounded in the week ended July 26th, according to a report released by the Labor Department on Thursday, with initial jobless claims bouncing off the fourteen-year low seen in the previous week.

Spain's current account balance for May swung to a deficit from a surplus in the same month last year, figures from the Bank of Spain showed Thursday. The current account revealed a deficit of EUR 0.6 billion versus a surplus of EUR 2.4 billion a year ago. The trade balance also logged a shortfall...

EurozoneInflation-073114.jpg Eurozone inflation slowed to the lowest level in four-and-a-half years in July, even after the European Central Bank cut the interest rates to historic lows, necessitating more action to elude the risk of deflation. The unemployment rate in the 18-nation bloc declined unexpectedly in June to the lowest since September 2012 from a record high seen at the end of last year.

First-time claims for U.S. unemployment benefits rebounded in the week ended July 26th, according to a report released by the Labor Department on Thursday, with initial jobless claims bouncing off the fourteen-year low seen in the previous week.

South Africa's merchandise trade deficit narrowed steeply in June, as an increase in exports partly offset a decline in imports, figures from the South Africa Revenue Service showed Thursday. The visible trade gap shrunk to ZAR 0.19 billion from May's ZAR 7.44 billion shortfall. Economists had forecast...

Brazil's producer price inflation eased in June to its lowest level in a year, figures from the statistical office IBGE showed Thursday. The producer price index rose 5.04 percent year-on-year, after climbing 6.56 percent in May. It was the lowest figure since July 2013, when it was 4.98 percent,...

The Czech central bank left its key interest rates unchanged for a fourteenth successive session on Thursday and kept its pledge to stem any gains in the koruna. The Czech National Bank policymakers decided to keep the main two-week repo rate unchanged at 0.05 percent, in line with economists' expectations....

South Africa's producer price inflation eased for the second straight month in June, figures from Statistics South Africa showed Thursday. The producer price index rose 8.1 percent year-on-year in June, slower than May's 8.7 percent climb. Economists had forecast an 8.4 percent increase for June. Prices...

Philippinecentralbank-073114.jpg The Philippine central bank on Thursday lifted its key interest rates for the first time in more than three years, citing elevated inflation expectations.The Bangko Sentral ng Pilipinas raised its overnight borrowing rate by 25 basis points to 3.75 percent from 3.50 percent and the overnight lending rate to 5.75 percent from 5.50 percent.

Italy's harmonized index of consumer prices remained stagnant in July after increasing in June, trailing the consensus estimate, preliminary figures from ISTAT showed Thursday. The HICP remained unchanged year-over-year in July following the 0.2 percent increase in June. Economists had expected the...

Slovenia's consumer prices remained flat in July, figures from the Statistical Office of the Republic of Slovenia showed Thursday. The consumer price index remained flat year-on-year in July, after a 0.8 percent rise in the previous month. Prices of food and non-alcoholic beverages dropped 1.1...

Greece's retail sales declined in May, after rising in the previous month, data from the Hellenic Statistical Authority showed Thursday. The retail sales volume fell 3.8 percent year-over-year in May following a 7.1 percent increase in April. Food sales declined 7.8 percent in May, after rising...

Slovenia's retail sales in June dropped for a second straight month, preliminary figures from the Statistical Office of the Republic of Slovenia showed Thursday. Retail sales fell 2.6 percent year-on-year in June, after a 2.9 percent decline in the previous month. That was the worst decline since...

Hong Kong's retail sales declined at a faster rate in June, exceeding the consensus estimate, data from the Census and Statistics Department showed Thursday. The retail sales value fell 6.9 percent year-over-year in June following the revised 3.9 percent drop in May. This was worse than the 5.1 percent...

The Eurozone jobless rate fell unexpectedly in June, data showed Thursday. The unemployment rate dropped marginally to 11.5 percent from 11.6 percent in May. The rate was forecast to remain unchanged at 11.6 percent. Likewise, the youth unemployment rate declined to 23.1 percent in June from...