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Economy And The Numbers

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Ukmanufacturing-050316.jpg The U.K. factory activity shrank unexpectedly in April, for the first time in three years, signaling that the manufacturing sector entered the second quarter on a poor footing amid "Brexit" fears. The Chartered Institute of Procurement & Supply Purchasing Managers' Index for the manufacturing sector fell unexpectedly to 49.2 in April from a revised 50.7 in March.

The European Central Bank will not cut the deposit rate into "absurdly low levels", ECB Executive Board member Benoit Coeure said Tuesday. The policymaker said that thus far negative rates have not had a major impact on market makers themselves. On the other hand, banks' profitability has improved...

Eurozone producer prices continued to decline in March but the pace of decrease was slower than expected, figures from Eurostat revealed Tuesday. Producer prices fell 4.2 percent year-on-year in March, the same pace of decline as seen in February. Prices were expected drop 4.6 percent. Month-on-month,...

Eurozone growth is likely to be less than the expansion expected earlier during this year and next, and inflation is set to be less than what was seen earlier, latest projections from the European Commission showed Tuesday. The executive arm of the EU cut the euro area growth forecast for this year...

The U.K. factory activity contracted for the first time in three years in April, survey data from Markit showed Tuesday. The Chartered Institute of Procurement & Supply Purchasing Managers' Index fell unexpectedly to 49.2 in April from revised 50.7 in March. It was forecast to rise to 51.2 from March's...

Hungary's merchandise trade surplus for February was revised down, final data from the Hungarian Central Statistical Office showed Tuesday. The final trade surplus for February was EUR 978 million, which was lower than the EUR 979.2 million preliminary estimate reported on April 8. Exports rose...

Turkey's consumer price inflation slowed to the lowest level since May 2013, figures from the Turkish Statistical Institute showed Tuesday. Consumer prices increased 6.57 percent year-on-year in April, slower than the 7.46 percent rise seen in March. Economists had forecast inflation to slow to 6.9...

The European Commission has revised down Italy's growth forecast for this year and expects the country's budget deficit to be higher than the government's forecast, the Italian daily La Stampa reported Tuesday, citing the draft of the EU forecasts to be released later in the day. The executive arm...

Swiss consumer confidence eased slightly in April, survey results from the State Secretariat for Economic Affairs showed Tuesday. The consumer sentiment index fell marginally to -15 in April from -14 in January. It was forecast to improve to -12. The four sub-indices used to calculate the consumer...

AUSInt-050316.jpg Australia lowered its key rate unexpectedly by 25 basis points on Tuesday as inflationary pressures were weaker than forecast. The board of the Reserve Bank of Australia governed by Glenn Stevens reduced its benchmark cash rate to a record low 1.75 percent from 2.00 percent, effective May 4.

Ireland's manufacturing sector expanded at the slowest pace since late 2013, survey data from Markit showed Tuesday. The Investec Purchasing Managers' Index fell to 52.6 in April from 54.9 in the previous month. A reading above 50 indicates expansion. Although the reading suggested that activity...

Australia lowered its key rate unexpectedly by 25 basis points on Tuesday as inflationary pressures were weaker than projected. The Board of Reserve Bank of Australia reduced its benchmark cash rate to 1.75 percent from 2.00 percent, effective May 4. This was the first reduction since May 2015,...

Malaysia's manufacturing conditions worsened at the sharpest pace since last November, survey data from Markit showed Tuesday. The headline Nikkei manufacturing Purchasing Managers' Index fell to 47.1 in April from 48.4 in March. The latest figure was the lowest in five months. Any figure greater...

The manufacturing sector in China remained in contraction in April, and at an accelerated pace, the latest survey from Caixin revealed on Tuesday with a Performance of Manufacturing Index score of 49.4. That missed forecasts for 49.8, and it was down from 49.7 in March. It also moved further beneath...

The total number of building approvals issued in Australia was up a seasonally adjusted 3.7 percent on month in March, the Australian Bureau of Statistics said on Tuesday - coming in at 19,371. That beat forecasts for a decline of 2.0 percent following the 3.1 percent gain in February. Private...

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