Economy And The Numbers

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UKRetailSales-072414.jpg U.K. retail sales increased only marginally in June on weak clothing sales as stores delayed summer clearances due to good weather, data from the Office for National Statistics showed Thursday. However, retail sales during the second quarter hit a 10-year high, signaling strong support from consumer demand to overall economic growth.

After reporting a modest drop in first-time claims for U.S. unemployment benefits in the previous week, the Labor Department released a report on Thursday showing that initial jobless claims unexpectedly fell to their lowest level in over eight years in the week ended July 19th.

eurozonePMI-072414.jpg The Eurozone private sector growth rebounded at the start of the third quarter from a six-month low as strong expansion in Germany neutralized the contraction in France. The flash composite output index rose to 54 in July to match April's three-year high level, flash survey data from Markit Economics showed Thursday. A reading above 50 indicates expansion in the private sector.

Georgia's foreign trade deficit for the first six months of the year widened from a year ago, preliminary figures from the National Statistics Office of Georgia showed Thursday. The foreign trade deficit worsened to $2.609 billion in the January to June period from $2.244 billion in the same period...

The number of foreign visitor arrivals in Turkey rose at a faster rate in June, data from the the Ministry of Culture and Tourism showed Thursday. Tourist arrivals rose 6.41 percent year-over-year in June, which was notably faster than the 2.36 percent increase in May. Arrivals grew 4.93 percent in...

Luxembourg's unemployment rate eased moderately in June, after rising in the previous month, figures from the statistical office STATEC showed Thursday. The unemployment rate came in at a seasonally adjusted 7.2 percent in June. That followed by a 7.3 percent in the previous month, which was the highest...

Monetary Authority of Singapore's Managing Director Ravi Menon said property prices remain at elevated levels and some households are highly leveraged. It is too early to relax property-related measures, he said at the release of the 2013/14 annual report on Thursday. The central bank estimates...

Italy's consumer confidence decreased for a second straight month in July and at a faster-than-expected pace to a four-month low, a report from the statistical office Istat showed Thursday. The consumer confidence index dropped to 104.6 in July from 105.6 in June, which was revised from 105.7. The...

Hong Kong's exports increased more-than-expected in June, rising for the second consecutive month and at the fastest pace in one-and-a-half years, a report from the Census and Statistics Department showed Thursday. Exports grew 11.4 percent year-over-year in June, following a slower increase of 4.9...

U.K. retail sales increased marginally in June as food sales recovered from the prior month, data from the Office for National Statistics showed Thursday. Retail sales including auto fuel rose 0.1 percent in June from May, when it dropped 0.5 percent. Sales were expected to grow by 0.3 percent. However,...

Italy's retail sales in May declined unexpectedly from a year ago, after rising sharply in the previous month, figures from the statistical office ISTAT showed Thursday. Retail sales fell an unadjusted 0.5 percent year-on-year in May, in contrast to economists' forecast for a 1.0 percent growth. In...

Sweden's unemployment rate increased more-than-expected in June to its highest level in four years, data from Statistics Sweden showed Thursday. The non-seasonally adjusted jobless rate for the 15-74 years age group climbed to 9.2 percent in June from 8 percent in May. The figure came in above economists'...

The Eurozone private sector growth rebounded in July from a six-month low, flash survey data from Markit Economics showed Thursday. The flash composite output index rose to 54 in July from 52.8 in June. A reading above 50 indicates expansion in the sector. Economists had forecast the score to remain...

Sweden's producer price inflation eased in June, after accelerating in the previous month, figures from Statistics Sweden showed Thursday. The producer price index rose 2.3 percent year-on-year in June, slower than May's 2.8 percent increase. Producer prices have been increasing since December last...

Germany's private sector expanded at a stronger pace in July as services activity growth hit a 37-month high, flash survey data from Markit Economics showed Thursday. The flash composite output index rose to 55.9 in July, a 3-month high, from 54 in June. The current sequence of output growth stretched...