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Economy And The Numbers

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ECB-Draghi-011917.jpg Eurozone inflation is being driven largely by energy costs and the recent pick up in momentum is unlikely to sustain, European Central Bank President Mario Draghi said Thursday, adding that policymakers will continue to look through transient changes. "There are no signs yet of a convincing upward trend in underlying inflation," Draghi said.

Phila-Fed-011917.jpg Philadelphia-area manufacturing activity unexpectedly grew at a faster pace in the month of January, the Federal Reserve Bank of Philadelphia revealed in a report on Thursday. The Philly Fed said its index for current manufacturing activity in the region rose to 23.6 in January from a revised 19.7 in December.

Housingstarts-011917.jpg After reporting a steep drop in new U.S. residential construction in the previous month, the Commerce Department released a report on Thursday showing that housing starts saw a significant rebound in the month of December. The Commerce Department said housing starts jumped by 11.3 percent to an annual rate of 1.226 million in December.

Joblessclaims-011917.jpg First-time claims for U.S. unemployment benefits unexpectedly declined in the week ended January 14th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims fell to 234,000, a decrease of 15,000 from the previous week's revised level of 249,000.

First-time claims for U.S. unemployment benefits unexpectedly declined in the week ended January 14th, according to a report released by the Labor Department on Thursday.

Philadelphia-area manufacturing activity unexpectedly grew at a faster pace in the month of January, the Federal Reserve Bank of Philadelphia revealed in a report on Thursday.

After reporting a steep drop in new U.S. residential construction in the previous month, the Commerce Department released a report on Thursday showing that housing starts showed a significant rebound in the month of December.

ecbrates-011917.jpg The European Central Bank left its key interest rates unchanged for a seventh consecutive policy session and maintained its asset purchases, which will continue at a reduced pace till the end of this year, as the solid economic momentum is sustained in the euro area despite the continuing political flux.

The European Central Bank left its key interest rates unchanged for a seventh consecutive policy session and maintained its asset purchases, confirming that they will continue at a reduced pace till the end of this year. The Governing Council, led by ECB President Mario Draghi, left all its three...

TheresaMay-WEF-011917.jpg Governments and businesses should adopt a new approach to help everyone benefit from globalization, British Prime Minister Theresa May said Thursday. In a speech at the World Economic Forum meeting at Davos, Switzerland, May urged all businesses to demonstrate leadership through playing by the same tax rules.

Spain's foreign trade deficit decreased in November from a year ago, as exports grew faster than imports, figures from the Economy Ministry showed Thursday. The trade deficit dropped to EUR 1.25 billion in November from EUR 1.65 billion in the corresponding month last year. Merchandise exports...

Eurozone house prices grew at the fastest pace in more than eight years in the third quarter of 2016, Eurostat reported Thursday. House prices advanced 3.4 percent year-on-year in the third quarter, faster than the 3 percent increase seen in the second quarter. This was the fastest since the first...

Indonesia's central bank kept its key interest rate unchanged on Thursday as economists had widely expected. The Board of Governors of Bank Indonesia, led by Governor Agus Martowardojo, left the 7-day repo rate at 4.75 percent. Previously, the bank had reduced the rate by 25 basis points each...

Portugal's producer prices increased at the end of the year, figures from Statistics Portugal showed Thursday. The producer price index rose 1.7 percent year-over-year in December, after remaining flat in the previous month. Excluding the energy grouping, the PPI showed no variations in December...

Ireland's consumer prices remained unchanged in December after falling in the previous two months, figures from the Central Statistics Office showed Thursday. The consumer price index showed no variations in December from a year ago, following a 0.1 percent slight drop in November. Prices of food...

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