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Economy And The Numbers

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The manufacturing sector in Japan continued to expand in June, albeit at a slightly slower pace, the latest survey from Nikkei revealed on Monday with an eight-month low manufacturing PMI score of 52.2. That's down from 52.4 in June, although it remains well above the boom-or-bust line of 50 that...

Mercosur will permanently expel Venezuela from the bloc if the country's government advances with its intentions to call for a Constituent Assembly election on July 30, said the Argentinean Foreign Minister Jorge Faurie at the sidelines of the bloc summit in Mendoza. "Some may read it as an expelling,...

The opposition-controlled Venezuelan Parliament appointed 33 new judges to form a parallel Supreme Court, dismissing the current Supreme Court of Justice (TSJ), amid an offensive to force President Nicol?s Maduro to suspend the election of a Constituent Assembly scheduled for July 30. Ruling party...

Argentina's president Mauricio Macri hosted the closing ceremony of the Summit of Heads of State of Mercosur and Associated States which began yesterday in Mendoza. It is the last summit presided by Argentina before transferring the presidency pro-tempore to Brazil. In his speech, Macri said that...

The Brazilian government will enact the amendment to the telecommunications general act this year, according to Gilberto Kassab, the country's Science, Technology, Innovation, and Communications minister. The bill to amend the telecommunications act is waiting for a Senate vote that was delayed several...

The telecom carrier Oi will have to pay all the debt it owes to the Brazilian government, but public officials are willing to wait until the company's creditors meet in September before pressing for payment. Oi, which has been through judicial recovery for more than a year, has a debt estimated at...

Mexico's unemployment rate fell to 3.3% of the economically active population in June, the lowest level since May 2006, according to the country's statistical institute (Inegi). The rate fell by 0.2 percentage point (pp) compared to May and 0.7 pp from the same month of 2016. Mexico's unemployment...

Japan will on Monday see preliminary July figures for the manufacturing PMI from Nikkei, highlighting a light day for Asia-Pacific economic activity. The PMI score in June was 52.4. Japan also will see final May numbers for its leading and coincident indexes, as well as June figures for supermarket...

The Colombian Senate elected Senator Efra?n Cepeda, from the independent Conservative Party, as its speaker for the next twelve months, while Rodr?guez Lara, from the Radical Change Party - a government ally - was elected as the president of the House of Representatives. Cepeda flagged in his inauguration...

Colombian President Juan Manuel Santos said that his government is taking steps to improve the country's economy during the second half of 2017. "We expect that in this second semester we will see a substantial rebound," he said. After noting that Colombia was affected by the sharp drop in international...

Bank Indonesia is likely to keep its policy rate unchanged at least until the end of this year, as policymakers view the stance as neutral, amid weaker growth, economists at Capital Economics said. On Thursday, the central bank left its key interest rates unchanged at 4.75 percent for a ninth session...

The Reserve Bank of New Zealand is unlikely to raise its interest rate until 2019, as the economy is still not generating much inflation, Paul Dales, an economist at Capital Economics, said. Consumer prices remained flat in the second quarter and the annual inflation rate eased to 1.7 percent from...

UK-Pound-072117.jpg The UK budget deficit widened more-than-expected in June as debt interest increased notably after inflation lifted the cost of index-linked bonds. Public sector net borrowing, excluding interventions, increased by GBP 2.0 billion from a year ago to GBP 6.9 billion in June, data from the Office for National Statistics showed Friday. The expected figure was GBP 4.9 billion.

Croatia's unemployment rate declined for the fifth straight month in June, figures from the Croatian Bureau of Statistics showed Friday. The registered jobless rate fell to 10.8 percent in June from 11.7 percent in May. In the corresponding month last year, the unemployment rate was 13.4 percent.

Latvia's producer prices increased for the fifth successive month in June, figures from the Central Statistical Bureau showed Friday. Industrial producer prices rose 3.1 percent year-on-year in June, faster than the 2.9 percent climb in May. Domestic market producer prices grew 3.4 percent annually...

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