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Economy And The Numbers

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Patrick Harker, head of the University of Delaware, will succeed outgoing Philadelphia Federal Reserve Chairman Charles Plosser on July 1. Harker is currently a member of the Philadelphia Fed's board of directors. The appointment was jointly approved the Philadelphia Fed's board and the Board of...

Adding to concerns that the U.S. economy in the midst of winter lull for the second year running, U.S. construction spending unexpectedly fell in January. Spending on U.S. construction projects declined 1.1 percent in January to a seasonally adjusted annual rate $971.4 billion, the U.S. Commerce Department...

ismman-030215.jpg With labor issues at West Coast ports continuing to cause problems for exporters, the Institute for Supply Management released a report on Monday showing that U.S. manufacturing activity growth slipped to its lowest in more than a year. The ISM said its purchasing managers index fell to 52.9 in February...

U.S. consumer spending fell in January for a second consecutive month, due largely to a big drop in gasoline prices. The Commerce Department said on Monday consumer spending slipped 0.2 percent after falling 0.3 percent in December. Analysts expected a slightly smaller decline of 0.1 percent. However,...

RBI-030215.jpg India's government and the central bank have agreed on a revamp of the monetary policy framework to place focus on inflation, a historic move for the economy as policymakers gear up for stronger growth momentum in coming years. The agreement, dated February 20, states that the inflation target "for financial year 2016-17 and all subsequent years shall be 4% with a band of plus or minus 2%.

New government data released on Monday showed that personal income rose in January. However spending unexpectedly declined. Personal income increased by 0.3 percent in January. Economists had expected the measure to rise by 0.4 percent. Meanwhile, personal spending fell for the month. The figure...

The Swiss industrial sector contracted for the second straight month in February, the Credit Suisse said Monday. The procure.ch Purchasing Managers' Index fell less-than-expected to 47.3 in February from 48.2 in January. It was forecast to fall to 46.9. A reading below 50 indicates contraction in...

EurozoneInflation-JoblessRate-030215.jpg Eurozone inflation remained negative for the third straight month in February due to falling energy prices. Nonetheless, the rate of decline in overall prices slowed more than expected, diluting fears of deepening deflation even before the European Central Bank practically starts bond purchase this month. The unemployment rate in the 19-nation currency bloc reached its lowest since April 2012.

Portugal's industrial production declined for the third straight month in January from a year ago and retail sales rose further at a faster pace, figures from Statistics Portugal showed Monday. The industrial production index declined 2.1 percent year-on-year in January, the same rate of decrease...

Latvia's retail sales growth accelerated sharply at the start of the year, after easing in the previous month, figures from the Central Statistical Bureau showed Monday. Retail sales climbed a calender adjusted 6.7 percent year-over-year in January, much faster than December's 2.7 percent increase.The...

Italy's unemployment rate declined for the second consecutive month in January to its lowest level in seven months, figures from the statistical office ISTAT revealed Monday. The seasonally adjusted jobless rate fell to 12.6 percent from 12.7 percent in December, which was revised from 12.9 percent....

South Africa's manufacturing sector contracted for the first time in five months in February, survey figures from Kagiso Tiso Holdings showed Monday. The seasonally adjusted Kagiso Purchasing Manager's Index fell notably to 47.6 in February from 54.2 in the previous month. Any reading below 50 indicates...

Italy's manufacturing sector expanded for the first time in five months during February at the fastest pace in eight months, as production grew in response to higher demand, results of a survey by Markit Economics showed Monday. The Markit/ADACI Italy Manufacturing Purchasing Managers' Index rose...

Manufacturing activity in Greece continued its downward trend in February, as output and new orders fell sharply, survey figures from Markit Economics showed Monday. The seasonally adjusted purchasing managers' index, or PMI, rose slightly to 48.4 in February from 48.3 in January. But any reading...

The euro area jobless rate declined to the lowest since April 2012, data from Eurostat showed Monday. The unemployment rate dropped marginally to 11.2 percent in January from revised 11.3 percent in December. It was forecast to remain at December's originally estimated rate of 11.4 percent. This...

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