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Economy And The Numbers

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Consumer-042817.jpg After initially reporting an improvement in U.S. consumer sentiment in the month of April, the University of Michigan released revised data on Friday showing that sentiment was nearly flat. The report said the consumer sentiment index for April was downwardly revised to 97.0 from the preliminary reading of 98.0.

ChicagoPMI-042817.jpg A report released by MNI Indicators on Friday showed an unexpected acceleration in the pace of growth in Chicago-area business activity in the month of April. MNI Indicators said its Chicago business barometer rose to 58.3 in April from 57.7 in March, with a reading above 50 indicating growth.

Eurozoneinflation-042817.jpg Eurozone inflation accelerated more-than-expected in April, returning within the European Central Bank's target of 'below, but close to 2 percent', preliminary estimate from Eurostat showed on Friday. Elsewhere, results of an ECB survey showed that professional forecasters expect euro area consumer prices to rise faster than earlier expected, though core inflation was seen to rise slowly.

USGDP-042817.jpg Economic growth in the U.S. slowed by more than anticipated in the first three months of 2017, according to a report released by the Commerce Department on Friday. The Commerce Department said gross domestic product increased by 0.7 percent in the first quarter after jumping by 2.1 percent in the fourth quarter.

Professional forecasters expect euro area consumer prices to rise faster than earlier expected, though core inflation was seen to pick up only slowly, results of a survey by the European Central Bank showed Friday. Average headline inflation expectations for 2017, 2018 and 2019 were raised to 1.6...

UKGDP-042817.jpg The U.K. economy expanded the least in a year at the start of 2017, reflecting a notable slowdown in the service sector as consumers curbed their spending amid the Brexit uncertainty and rising inflation. Gross domestic product grew only 0.3 percent in the first quarter from the previous three months, preliminary estimates from the Office for National Statistics showed Friday.

Economic growth in the U.S. slowed by more than anticipated in the first three months of 2017, according to a report released by the Commerce Department on Friday.

Sweden's retail sales growth eased unexpectedly in March, after accelerating in the previous two months, data from Statistics Sweden showed Friday. Retail sales rose a working-day-adjusted 1.9 percent year-over-year in March, slower than the 2.6 percent climb in February. Meanwhile, economists had...

Hungary's producer prices increased for the fourth straight month in March, figures from the Hungarian Central Statistical Office showed Friday. The producer price index climbed 4.2 percent year-over-year in March, faster than the 4.0 percent rise in February. Domestic market producer prices grew...

Ireland's retail sales decreased in March after rising in the previous two months, preliminary figures from the Central Statistics Office showed Friday. The volume of retail sales fell 0.7 percent month-over-month in March, reversing a 0.2 percent increase in February. The sectors with the largest...

Austria's economic growth slowed in the first quarter after stabilizing in the final three months of 2016, preliminary data from the Austrian Institute of Economic Research/WIFO showed Friday. Gross domestic product, based on Eurostat calculation method, grew 0.5 percent quarter-on-quarter, following...

Portugal's unemployment rate decreased marginally in March, preliminary figures from Statistics Portugal showed Friday. The seasonally adjusted unemployment rate edged down to 9.8 percent in March from 9.9 percent in February. In the corresponding month last year, the jobless rate was 12.0 percent. The...

Russia's central bank slashed its key interest rate by a larger-than-expected 50 basis points on Friday, citing the economic recovery, and maintained that there was room for more reduction before the end of the year. The Board of Directors decided to reduce the key rate to 9.25 percent per annum,...

Lithuania's economic growth accelerated for the second straight quarter in the three months ended March, preliminary figures from the Department of Statistics showed Friday. Gross domestic product advanced a seasonally and working-day-adjusted 4.1 percent year-over-year in the first quarter, faster...

Italy's consumer price inflation accelerated at a faster-than-expected pace in April, preliminary figures from the statistical office Istat showed Friday. The consumer price index rose 1.8 percent year-over-year in April, faster than the 1.4 percent climb in March. Economists had expected the inflation...

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