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Economy And The Numbers

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The U.K. economy grew at a slower pace in the fourth quarter, preliminary estimates from the Office for National Statistics showed Tuesday. Gross domestic product grew 0.5 percent sequentially, slower than the 0.7 percent expansion seen in the third quarter and a 0.6 percent rise forecast by economists. Output...

U.K. mortgage approvals decreased more than expected in December, data from British Bankers' Association, or BBA, revealed Tuesday. The number of loans approved for house purchases fell to 35,667 in December from 36,657 in November. It was forecast to fall to 36,500. After the temporary bottleneck...

Poland's economy expanded at the fastest rate in three years in 2014, in line with the consensus estimate, data from the Central Statistical Office showed Tuesday. Gross domestic product, or GDP, grew 3.3 percent year-on-year in 2014 as expected by economists. This follows a 1.7 percent increase...

Hong Kong's merchandise exports in December grew much less than economists expected, data from the Census and Statistics Department revealed Tuesday. Exports increased only 0.6 percent year-on-year following a 0.4 percent gain in November. Economists had expected 3 percent growth. Re-exports grew...

Sweden's producer prices declined in December after increasing in November, figures from Statistics Sweden showed Tuesday. Producer prices fell 0.1 percent year-on-year in December. In November, prices had increased 1.3 percent. The export price index rose 0.5 percent annually while import prices...

Sweden's trade balance posted surplus in December, Statistics Sweden reported Tuesday. The trade surplus totaled SEK 0.4 billion compared to a shortfall of SEK 0.1 billion in November. In December 2013, the deficit was at SEK 0.2 billion. On a yearly basis, exports rose 5 percent to SEK 91.2 billion...

Finland's business confidence improved in January, survey data from the Confederation of Finnish Industries or EK showed Tuesday. The industrial confidence index rose to -7 from a revised score of -9 in the prior month. Production growth is expected to be weak in months ahead. Confidence in the...

South Africa's leading indicator increased in November after declining in October, data from the South African Reserve Bank showed Tuesday. The composite leading business cycle indicator climbed to 100.8 in November from 99.9 in October. Seven out of eleven components of the index increased in...

Finland's consumer confidence strengthened for a fourth consecutive month to its highest level in six months, survey results from Statistics Finland showed Tuesday. The consumer confidence index rose to 6 from 4.4 in December. It was the strongest score since July's 9.4. Yet, the reading remained...

Sri Lanka's central bank decided to retain its key interest rates unchanged on Tuesday as policymakers viewed the current monetary policy stance as appropriate. The Monetary Board of the Central Bank of Sri Lanka under the new governor, Arjuna Mahendran, kept its Standing Deposit Facility Rate unchanged...

Moody's Investor Service said on Tuesday that Asia will be resilient to global macro-economic challenges in 2015, with less vulnerability to external shocks than other emerging economies and with sound fundamentals that compare well with many regions in the world. "As global growth remains subdued...

Confidence among Japan's small and medium-sized enterprises weakened in January, survey data released by the Shoko Chukin Bank showed Tuesday. The small business confidence index fell to 46.3 in January from 46.7 in December. The confidence indicator for manufacturing dropped to 45.6 from 46.1 in...

EEP10-011515_27Jan15.jpg Preliminary fourth quarter U.K. GDP and mortgage approvals are some of the important economic data due for release on Tuesday. Data from the IfO Institute showed yesterday that German business confidence rose more than expected to a six-month high in January. At 4.30 am ET, the Office for National...

The eurogroup is ready to work with the new Greek government, however, there is very little support for a writedown of debt, Jeroen Dijsselbloem, head of the eurogroup said late Monday. Pointing out that a number of concessions have already been made to Greece, Dijsselbloem said, "Working within the...

China's leading economic index continued to improve in December, data from the Conference Board showed Tuesday. The leading index gained 1.1 percent in December, following a 0.8 percent rise in November and a 0.9 percent increase in October. The index signals turning points in the economic cycles....

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