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Economy And The Numbers

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China-Moodys-052417.jpg Moody's on Wednesday downgraded China's long-term local currency and foreign currency issuer ratings by one notch to A1 from Aa3 and changed the outlook to stable from negative, due to concerns over the rising debt and slow growth and reforms as the government tries to implement a shift to economic expansion driven by domestic demand than exports.

Japan's leading index increased to a 21-month high in March as initially estimated, latest figures from the Cabinet Office showed Wednesday. The leading index, which measures the future economic activity, rose to 105.5 in March from 104.7 in February. That was in line with the flash data published...

A measure of future economic activity in Eurozone increased further in April, survey figures from the Conference Board showed Tuesday. The Conference Board's Leading Economic Index, or LEI, for the euro area climbed 0.7 percent monthly in April, following a 0.6 percent rise each in February and March. The...

trade.jpg The total value of construction work completed in Australia slipped a seasonally adjusted 0.7 percent on quarter in the first three months of 2017, the Australian Bureau of Statistics said on Wednesday - coming in at A$46.416 billion. That missed forecasts for a decline of 0.5 percent following the...

The total value of construction work completed in Australia was down a seasonally adjusted 0.7 percent on quarter in the first three months of 2017, the Australian Bureau of Statistics said on Wednesday - standing at A$46.416 billion. That missed forecasts for a decline of 0.5 percent following the...

A leading index for the Australian economy declined in April, the latest survey from Westpac Bank showed on Wednesday, easing 0.12 percent. That follows the 0.08 percent increase in March. The six-month annualized growth rate slowed to 0.92 percent from 1.11 percent in March. Individually, the...

NewZealandcpi-071510.jpg New Zealand posted a merchandise trade surplus of NZ$578 million in April, Statistics New Zealand said on Wednesday - representing 12 percent of exports. The headline figure beat forecasts for a surplus of NZ$267 million following the NZ$332 million surplus in March. "In April we had the largest...

New Zealand saw a merchandise trade surplus of NZ$578 million in April, Statistics New Zealand said on Wednesday. That beat forecasts for a surplus of NZ$267 million following the NZ$332 million surplus in March. Exports climbed 9.8 percent on year to NZ$4.75 billion - also exceeding expectations...

New Zealand will on Wednesday release April figures for imports, exports and trade balance, highlighting a modest day for Asia-Pacific economic activity. Imports are expected to be worth NZ$4.10 billion, down from NZ$4.31 billion in March. Exports are pegged at NZ$4.40 billion, down from NZ$4.65 billion...

Nigeria's economy remained in recession during the first quarter of the year, while rising oil prices strengthen hopes that it will return to growth later this year, figures from the National Bureau of Statistics showed Tuesday. Elsewhere on Tuesday, the Nigerian central bank left its key interest...

newhomesls-052317.jpg After reporting an unexpected jump in U.S. new home sales in the previous month, the Commerce Department released a report on Tuesday showing a substantial pullback in new home sales in the month of April. The Commerce Department said new home sales plunged by 11.4 percent to an annual rate of 569,000.

Hungary's central bank on Tuesday left its key interest rate unchanged at a record low for a twelfth consecutive month in May as it expects growth to gain momentum in future and inflation to reach its target sustainably from the first half of next year. The Monetary Council of the Magyar Nemzeti Bank...

Germany-IFO-052317.jpg A record high business sentiment, a one-year high economic growth and a six-year high growth in the private sector signal strong positive momentum of the German economy, the biggest in the euro area. As companies were upbeat about their future amid the improving current situation, the business sentiment index strengthened to a record high 114.6 from a revised 113.0 in April.

Greece-EU-052317.jpg Eurozone finance ministers hope to reach a deal on Greece's debt relief and release another tranche of bailout funds to the country in their June meeting, as they failed to reach an agreement on the matter with the International Monetary Fund on Monday. The next Eurogroup meeting is scheduled to be held on June 15 in Luxembourg.

British retail sales are expected to rise marginally again in June but growth is set to remain below its long-term average, the Quarterly Distributive Trades Survey from the Confederation of British Industry showed Tuesday. The retail sales balance fell to +2 percent in May, well below the expected...

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