Economy And The Numbers

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Hong Kong's unemployment rate remained unchanged in the September to November period, preliminary figures from the Census and Statistics Department showed Thursday. The unemployment rate stood at a seasonally adjusted 3.3 percent in the September to November period, the same rate as seen in the August...

Germany's business confidence improved as expected in December, reports said citing a survey from the Ifo institute on Thursday. The business confidence index rose to 105.5, in line with forecast, from 104.7 in November. The current conditions index came in at 110 in December. Economists had forecast...

Dutch consumer confidence increased less than expected in December, survey data from the Central Bureau of Statistics showed Thursday. The consumer confidence index rose to -7 in December from -8 in November. The indicator was forecast to advance to -5. Assessment of general economic situation...

Fitch Ratings said on Wednesday that credit fundamentals for southern European banks should stabilize in 2015, helped by improving economic prospects, and most banking systems in the region have stable sector outlooks. However, asset quality remains vulnerable and managing down non-performing loans...

Switzerland's foreign trade surplus increased in November, as imports fell faster than exports, figures from the Swiss Federal Customs Administration showed Thursday. The trade surplus rose to CHF 3.87 billion in November from CHF 3.22 billion in the previous month. Economists had forecast a CHF...

The unemployment rate in the Netherlands remained stable in November, figures from the Central Bureau of Statistics showed Thursday. The unemployment rate was unchanged for the fourth consecutive month at 8 percent in November. A year ago, the jobless rate was at 8.2 percent. The number of unemployed...

SNBbank-121814.jpg The Swiss National Bank decided to introduce negative interest rate to contain the demand for the currency and reaffirmed that it will defend the currency ceiling at an unscheduled meeting on Thursday. The central bank imposed an interest rate of -0.25 percent on sight deposit account balances at the SNB, with an intention to take the key three-month libor into negative zone.

Sweden's economic sentiment increased unexpectedly to a one-year high in December, survey data from the National Institute of Economic Research revealed Thursday. The economic tendency indicator rose to 105.8 in December from 103.8 in November. Economists had expected the index to fall to 102.9. This...

Switzerland's watch exports in November declined annually, partly due to unfavorable economic conditions, figures from the Federation of the Swiss Watch Industry FH showed Thursday. The value of watch exports declined 4.4 percent annually in November to CHF 2.1 billion. In volume, watch exports dropped...

The Swiss government lowered its economic growth estimates 2015 while keeping the forecast for this year unchanged due to sluggish recovery on Thirsday. The State Secretariat for Economic Affairs, or SECO, said the economy will grow 1.8 percent this year, unchanged from the earlier estimate. GDP is...

The Swiss National Bank said on Thursday that it is imposing an interest rate of -0.25 percent on sight deposit account balances at the bank. The move was aimed to take the three-month Libor into negative territory, the bank said. The decision was announced after an unscheduled meeting. "Over...

New Zealand government's economic programme is taking New Zealand in the right direction, Finance Minister Bill English said Thursday. He said that the country remains one of the fastest growing in the developed world after Statistics New Zealand reported that the economy had expanded by 3.2 percent...

Philippines wholesale price inflation slowed for the sixth consecutive month in October, preliminary figures from the National Statistics Office showed Thursday. The general wholesale price index rose 1.3 percent year-on-year in October, slower than September's 1.7 percent growth. In August, prices...

UK Chancellor of the Exchequer George Osborne extended the second term of David Miles as external member of the Bank of England's Monetary Policy Committee. Miles was appointed to the MPC in June 2009. He was the first member of the committee to be reappointed under the new appointments process outlined...

EEP5-091614_18Dec14.jpg U.K. retail sales and German business climate reports are some of the notable economic data scheduled for release on Thursday, a light day in terms of numbers. Data released yesterday showed that U.K. jobless rate fell to a 6-year low, while the minutes of the Bank of England's December Monetary Policy...