logo

Economy And The Numbers

Share SHARE

UKServicesPMI-050516.jpg The U.K. service sector activity expanded at the slowest pace in more than three years in April largely reflecting economic uncertainty ahead of the referendum on EU membership, survey data from Markit showed Thursday. The Chartered Institute of Procurement & Supply/Markit services Purchasing Managers' Index fell more-than-expected to 52.3 in April from 53.7 in March. A reading above 50 indicates

Ireland's consumer confidence improved slightly in April, recovering less than half of the decline seen in the index in March, figures from Economic and Social Research Institute showed Thursday. The overall KBC Ireland/ESRI Consumer Sentiment Index rose to 102.7 in April from 100.6 in the previous...

The Czech central bank maintained its key interest rate on Thursday as widely expected by economists. The Czech National Bank Board held the two-week repo rate at 0.05 percent, in line with economists' expectations. The discount rate was kept at 0.05 percent and the lombard rate at 0.25 percent. The...

Cyprus' consumer prices continued to decline in April, though at a slower pace than in the previous month, figures from the Statistical Service showed Thursday. The consumer price index dropped 2.47 percent year-over-year in April, following a 2.53 percent decrease in March. In February, prices had...

Romania's central bank kept its key interest rate unchanged at a record low for the eighth consecutive session. The Board of the National Bank of Romania maintained the monetary policy rate at 1.75 percent, the bank said in a statement on Thursday. The minimum reserve requirement ratio on foreign...

The European Central Bank said the economic recovery is expected to proceed on domestic demand and investment but cautioned that the recovery is weighed down by the ongoing balance sheet adjustments. "Domestic demand, in particular, continues to be supported by the ECB's monetary policy measures,"...

Hong Kong's retail sales decreased at a faster-than-expected pace in March, preliminary figures from the Census and Statistics Department showed Thursday. The value of retail sales plunged 9.8 percent year-over-year in March, much slower than the 20.6 percent slump in the previous month. Nonetheless,...

The U.K. service sector activity expanded at the slowest pace in more than three years in April, survey data from Markit showed Thursday. The Chartered Institute of Procurement & Supply/Markit services Purchasing Managers' Index fell to 52.3 in April from 53.7 in March. A reading above 50 indicates...

Kenya's private sector growth rebounded in April, following a substantial slowdown in the previous month, survey figures from Markit Economics showed Thursday. The seasonally adjusted Cfc Stanbic Bank Kenya PMI rose to 54.8 in April from March's 5-month low of 52.6. Any reading above 50 indicates...

South Africa's private sector activity deteriorated further in April, but at a slower pace than in the previous month, survey figures from Markit Economics showed Thursday. The Standard Bank South Africa Purchasing Managers' Index, or PMI, rose to 47.9 in April from 47.0 in March. However, any reading...

Australia's government announced the appointment of Philip Lowe as the next governor of the Reserve Bank of Australia. Treasurer Scott Morrison said Lowe will replace Glenn Stevens when he finishes the term in September. Lowe is appointed for a seven-year term. Lowe has been serving as the RBA...

Purchasing Managers' survey from the U.K. is due on Thursday, headlining a light day for the European economic news. At 4.00 am ET, the European Central Bank publishes its economic bulletin. At 4.30 am ET, U.K. CIPS/Markit services PMI is due from Markit. The indicator is seen easing to 53.5 in...

ChinaPMI-050516.jpg Private sector activity in China expanded for the second straight month in April driven by services, while output broadly stagnated at manufacturers. The Caixin composite output index fell to 50.8 in April from 51.3 in March, survey data published by Markit showed Thursday. A score above 50 indicates expansion but the latest reading signals a slowdown in growth.

Ireland's service sector activity expanded at the weakest pace in fourteen months in April, survey figures from Markit Economics showed Thursday. The seasonally adjusted Purchasing Managers' Index, or PMI, fell to 59.8 in April from 62.8 in March. However, any reading above 50 indicates expansion...

New home sales in Australia increased notably in March after falling in the previous month, the Housing Industry Association said on Thursday. Total new home sales surged a seasonally adjusted 8.9 percent in March, reversing a 5.3 percent fall in February. The increase in total sales consisted...

Follow RTT