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Economy And The Numbers

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Japan's leading index declined more than initially estimated in April, latest figures from the Cabinet Office showed Monday. The leading index, which measures the future economic activity, dropped to 104.2 in April from 105.7 in March. The reading for April was revised down from 104.5. The latest...

Britishchamberofcommerce-062617.jpg The UK growth over the next few years is forecast to remain anaemic, the British Chambers of Commerce said Monday. Nonetheless, in its Economic Forecast, the BCC upgraded its growth outlook for 2017 to 1.5 percent from 1.4 percent, citing strong global growth outlook. Moreover, lower sterling is likely to boost short-term export activity this year.

Producer prices in Japan were up 0.7 percent on year in May, the Bank of Japan said on Monday. That was in line with expectations and down from the upwardly revised 0.8 percent increase in April (originally 0.7 percent). Prices were down for advertising, communications and real estate, while they...

Japan will on Monday release May figures for producer prices, highlighting a light day for Asia-Pacific economic activity. Producer prices are expected to hold steady at 0.7 percent on year. Japan also will see final April readings for its leading and coincident indexes; their previous readings were...

Bank of America Merrill Lynch has downgraded its outlook on U.S. gross domestic product in 2018 to 2.1 percent from an earlier forecast of 2.5 percent. "Hopes for a big fiscal stimulus have faded, prompting us to remove most of the fiscal impulse from our forecast for growth next year," Michelle Meyer,...

Sweden's unemployment rate is likely to ease in the coming months of this year, while the annual employment growth may slow, Stephen Brown, an economist at Capital Economics, said this week. Official data released on June 20 showed that the seasonally adjusted jobless held steady at 6.7 percent in...

NewhomeSales-062317.jpg New home sales in the U.S. rebounded in May after a sharp pullback in the previous month, according to a report released by the Commerce Department on Friday. The Commerce Department said new home sales climbed by 2.9 percent to an annual rate of 610,000.

The improvement in the economic sentiment suggest strong and broad-based growth in the Swedish economy over the coming months of 2017, consistent with an acceleration in wage growth and a pick-up in underlying inflation, Stephen Brown, an economist at Capital Economics, said this week. The economic...

Eurozone consumer confidence is unlikely to rise much further in the next year, despite a fairly strong economic outlook, Jack Allen, an economist at Capital Economics, said. The euro-zone consumer confidence improved to -1.3 in June from -3.3 in May, official data revealed on June 22. The score was...

Belgium's business confidence deteriorated for a second consecutive day in June amid weakness in manufacturing, business services and trade, survey data from the National Bank of Belgium showed Friday. The business confidence index dropped to -2 from -1.1 in May. The confidence measure for the...

The Brazilian central bank stated again, this time in its quarterly inflation report, that the benchmark interest rate (Selic) will probably fall less rapidly in the next monetary policy committee meeting. In May, the central bank cut the interest by one percentage point, to 10.25% per year.

Mexico's central bank (Banxico) decided to increase its benchmark interest rate by 25 basis points (bp), to 7% per year, to hold inflation expectations near the 3% target and slow down the prices rise in the country.

Eurozonepmi-062317.jpg Eurozone private sector growth moderated in June from a six-year high due to a slowdown in services activity, yet the economy enjoyed the best quarter for six years, the flash data from the Purchasing Managers' survey by IHS Markit showed Friday. The composite output index fell to 55.7 in June from a joint six-year high of 56.8 in May.

Turkey's manufacturing capacity utilization increased for a third straight month in June to its highest level in nearly nine years, figures from the Turkish central bank showed Friday. The capacity utilization rate rose to 79 percent from 78.8 percent in May. The rate was the highest since September...

Iceland's wage growth accelerated for the first time in thirteen months in May, figures from Statistics Iceland showed Friday. The wage cost index climbed 7.8 percent year-over-year in May, faster than the 4.9 percent rise in April. On a monthly basis, wage index rose 3.2 percent from April, when...

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