Economy And The Numbers

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Sweden's government downgraded its economic outlook and consumer price estimates, the Finance Ministry said in a statement on Saturday. Gross domestic product is expected to grow 1.9 percent in 2014, much slower than the 2.7 percent expansion estimated in July. Similarly, the estimate for next year...

The deficit reduction measures aggravated unemployment in France as well as Europe, French Economy Minister Arnaud Montebourg said in an interview with Le Monde daily on Saturday. He criticized that forced fiscal consolidation is a financial absurdity because it makes stabilizing public finance impossible....

European Central Bank President Mario Draghi said the bank is willing to take more actions to anchor inflation expectations and stimulate demand. At the Federal Reserve Bank of Kansas City's annual conference Jackson Hole, Wyoming, Draghi on Friday said he is confident that the package of measures...

Fitch Ratings on Friday maintained Slovakia's sovereign ratings with 'stable' outlook as the economic growth is set to pick up further. A solid banking sector and gradual improvement in external position also support its ratings. The agency also affirmed 'AAA' rating on Denmark on Friday citing its...

Fitch Ratings downgraded Ukraine's sovereign ratings by one notch as the nation is part-way through a political transition and disputes with Russia dampen economic outlook. The rating agency on Friday lowered Ukraine's local currency rating to 'CCC' from 'B-' and affirmed foreign currency rating at...

janetyellen-082214.jpg Federal Reserve Chair Janet Yellen on Friday warned that rate hikes could come sooner than expected if the U.S. economic recovery is sustained. "If progress in the labor market continues to be more rapid than anticipated or if inflation moves up more rapidly than anticipated, resulting in faster...

Mexico's unemployment rate climbed in July, after easing in June, figures from the statistical office INEGI showed Friday. The non-seasonally adjusted jobless rate rose to 5.47 percent from a three-month low of 4.80 percent in June. Economists had forecast a figure of 4.97 percent. The latest rate...

Norwegian households' disposable income increased and their savings remained at a high level in the second quarter, Statistics Norway reported Friday. Disposable income in the household sector increased 2 percent from the first quarter, largely due to the 1.8 percent increase in compensation of employees....

Ireland's factory gate prices declined at a faster rate in July, figures from the Central Statistics Office showed Friday. The output price index in the manufacturing industry fell 2.4 percent year-on-year in July, faster than June's 1.7 percent drop. In May, prices declined 3.1 percent. Output prices...

France's leading index, which measures the future economic activity, remained unchanged in June from the previous month, results of a survey by the Conference Board showed Friday. The leading index remained flat in June, after a revised 0.2 percent fall registered in the previous month. Out of the...

Iceland's wages grew at a slightly slower pace in July, Statistics Iceland reported Friday. Wages gained 0.4 percent month-on-month in July, following a 0.5 percent rise in June. Meanwhile, annual growth accelerated to 5.9 percent from 5.4 percent a month ago. Real wages were up 0.6 percent in...

Dutch household spending remained unchanged in June from a year ago, the Central Bureau of Statistics reported Friday. Spending on goods and services in May was also at the same level as seen a year ago. The statistical office said household consumption was stable for the second straight month after...

Hungary's employee wage growth slowed notably in June from a year ago, figures from the Hungarian Central Statistical Office showed Friday. Gross earnings rose 3.7 percent year-on-year in June, slower than May's 4.9 percent rise. In April, earnings went up 4.1 percent. Net earnings also increased...

Malaysia's leading index, which measures the future economic activity, dropped for the second straight month in June, data from the Department of Statistics showed Thursday. The leading index fell to 116.5 in June from 117.0 in the previous month. Among the components, real imports of other basic...

The U.K.'s house price sentiment index rose at the slowest pace in five months in August, results of a survey by Knight Frank and Markit Economics showed Friday. The house price sentiment index, an indicator of house price trends, fell to 61.8 in August from 62.4 in July. However, a reading above...