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Economy And The Numbers

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HousingStarts-111717.jpg New residential construction in the U.S. jumped by much more than expected in the month of October, according to a report released by the Commerce Department on Friday. The report said housing starts spiked by 13.7 percent to an annual rate of 1.290 million in October from a revised 1.135 million...

New residential construction in the U.S. jumped by much more than expected in the month of October, according to a report released by the Commerce Department on Friday. The report said housing starts spiked by 13.7 percent to an annual rate of 1.290 million in October from a revised 1.135 million...

Draghi-ECB-111717.jpg Eurozone's robust economic recovery is still supported by the massive monetary stimulus that would help inflation to return to target, European Central Bank President Mario Draghi said Friday.

Moodys-India-111717.jpg Moody's Investors Service on Friday raised the sovereign ratings of India for the first time since 2004, citing economic and institutional reforms. The sovereign rating was lifted to Baa2 from Baa3 and the rating outlook was changed to 'stable' from 'positive'. The upgrade has placed India's rating at par with those of Italy and the Philippines.

China's government should take additional measures to address the fundamental imbalances in the residential housing market, a working paper by the International Monetary Fund staff and academics from the Tsinghua University said Thursday. "The government should expand its toolkit to include additional...

Portugal's producer price inflation held steady in October, after accelerating in the previous two months, figures from Statistics Portugal showed Friday. Industrial producer prices climbed 2.7 percent year-over-year in October, the same rate of increase as in September. The measure has been rising...

Italy's current account surplus increased in September from a year ago, the Bank of Italy reported Friday. The current account surplus rose to EUR 4.3 billion in September from EUR 3.9 billion in the same month of 2016. The trade in goods showed a surplus of EUR 5.03 billion compared to EUR 4.3...

Eurozone construction output increased for the first time in three months in September, though slightly, figures from Eurostat showed Friday. Construction output rose a seasonally adjusted 0.1 percent month-over-month in September, after remaining flat in August, which was revised from a 0.2 percent...

There is little evidence that the monetary policy is currently doing harm to banks' profitability, European Central Bank President Mario Draghi said Friday. "If there are any negative effects of low rates on net interest income in the future, they should be largely offset by the positive effects...

The euro area current account surplus rose to a record high in September, figures from the European Central Bank showed Friday. The seasonally adjusted current account surplus grew to EUR 37.8 billion in September from EUR 34.5 billion in August. Moreover, this was the highest surplus since the...

Moody's Investors Service raised the sovereign ratings of India by a notch, citing economic and institutional reforms. The sovereign rating was lifted to Baa2 from Baa3. The rating outlook was changed to 'stable' from 'positive'. The agency said the decision is supported by the expectation that...

Current account data from euro area is due on Friday, headlining a light day for the European economic news. At 3.30 am ET, European Central Bank President Mario Draghi is set to speak in Frankfurt. At 4.00 am ET, the ECB releases euro area current account figures for September. The current account...

Malaysia-GDP-Q3-111717.jpg Malaysia's economy expanded at the fastest pace in more than three years in the third quarter on private spending and foreign demand. Gross domestic product rose 6.2 percent year-on-year, faster than the 5.8 percent increase seen in the second quarter, data from the Department of Statistics showed Friday.

Singapore's non-oil domestic exports grew at a faster-than-expected pace in October, data from the International Enterprise Singapore showed Friday. NODX surged 20.9 percent year-over-year in October, reversing a 1.1 percent fall in the previous month. Economists had expected a 11.9 spike for the...

Malaysia's economy expanded at a faster pace in the third quarter, data from the Department of Statistics showed Friday. Gross domestic product rose 6.2 percent year-on-year, faster than the 5.8 percent increase seen in the second quarter. GDP was forecast to grow 5.7 percent. On a sequential...

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