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Economy And The Numbers

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New Zealand's commodity prices decreased for the second straight month in April, the results of a survey by ANZ showed Wednesday. The ANZ commodity price index slid 0.8 percent month-over-month in April, slower than the 1.3 percent fall in the preceding month. Dairy prices continued to fall sharply...

The service sector in Australia remained in contraction in April, albeit barely, the latest survey from the Australian Industry Group revealed on Wednesday with a Performance of Service Index score of 49.7. That was up from 49.5 in March, although it remained beneath the boom-or-bust line of 50 that...

NewZealandcpi-071510.jpg The jobless rate in New Zealand jumped to a seasonally adjusted 5.7 percent in the first quarter of 2016, Statistics New Zealand said on Wednesday. That missed forecasts for 5.5 percent, and was up from the upwardly revised 5.4 percent in the preceding three months (originally 5.3 percent). "The...

The unemployment rate in New Zealand climbed to a seasonally adjusted 5.7 percent in the first quarter of 2016, Statistics New Zealand said on Wednesday. That missed forecasts for 5.5 percent, and was up from the upwardly revised 5.4 percent in the preceding three months (originally 5.3 percent). Employment...

New Zealand will on Wednesday release Q1 figures for unemployment, highlighting a modest day for Asia-Pacific economic activity. The jobless rate is expected to rise to 5.5 percent from 5.3 percent in the three months prior. The economy is expected to have seen a 1.3 percent annual increase in jobs...

Swedish industrial production continued its solid growth in March and increased at a faster pace, defying expectations for a slowdown, figures from Statistics Sweden showed Tuesday. The industrial production index rose 5.5 year-on-year following 5.1 percent growth in the previous month. Economists...

AUSBudget-050316.jpg Australian Treasurer Scott Morrison announced an expansionary budget giving thrust to economic growth ahead of the July election. The budget is projected to return to balance by 2021. The government is committed to reducing the deficit by constraining spending while keeping taxes as low as possible, he added.

EuropeanCommission-050316.jpg Eurozone growth and inflation is set to be less than what was expected earlier as high debt levels and insufficient structural reforms on a domestic level and the deteriorating global environment could hurt the economic prospects.

Brazil's industrial production recovered in March from prior month, preliminary figures from the statistical office IBGE showed Tuesday. Industrial production expanded 1.4 percent month-on-month in March, reversing a 2.7 percent fall in February. But the pace of growth was slightly slower than the...

Ukmanufacturing-050316.jpg The U.K. factory activity shrank unexpectedly in April, for the first time in three years, signaling that the manufacturing sector entered the second quarter on a poor footing amid "Brexit" fears. The Chartered Institute of Procurement & Supply Purchasing Managers' Index for the manufacturing sector fell unexpectedly to 49.2 in April from a revised 50.7 in March.

The European Central Bank will not cut the deposit rate into "absurdly low levels", ECB Executive Board member Benoit Coeure said Tuesday. The policymaker said that thus far negative rates have not had a major impact on market makers themselves. On the other hand, banks' profitability has improved...

Eurozone producer prices continued to decline in March but the pace of decrease was slower than expected, figures from Eurostat revealed Tuesday. Producer prices fell 4.2 percent year-on-year in March, the same pace of decline as seen in February. Prices were expected drop 4.6 percent. Month-on-month,...

Eurozone growth is likely to be less than the expansion expected earlier during this year and next, and inflation is set to be less than what was seen earlier, latest projections from the European Commission showed Tuesday. The executive arm of the EU cut the euro area growth forecast for this year...

The U.K. factory activity contracted for the first time in three years in April, survey data from Markit showed Tuesday. The Chartered Institute of Procurement & Supply Purchasing Managers' Index fell unexpectedly to 49.2 in April from revised 50.7 in March. It was forecast to rise to 51.2 from March's...

Hungary's merchandise trade surplus for February was revised down, final data from the Hungarian Central Statistical Office showed Tuesday. The final trade surplus for February was EUR 978 million, which was lower than the EUR 979.2 million preliminary estimate reported on April 8. Exports rose...

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