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Economy And The Numbers

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existhomesales-042117.jpg After reporting a bigger than expected drop in U.S. existing home sales in the previous month, the National Association of Realtors released a report on Friday showing that existing home sales rebounded to their highest level in ten years in March.

EurozonePMI-042117.jpg Eurozone private sector grew at the fastest pace in six years in April as firms boosted operating capacity to meet buoyant demand amid widespread optimism about future prospects despite political uncertainties. For the first time since 2012, growth in France surpassed Germany's expansion as output and new order growth softened in the latter.

UK-RetailSales-042117.jpg UK retail sales logged their biggest quarterly decline in seven years as high inflation curbed consumer spending at the start of the year. The retail sales volume decreased 1.4 percent sequentially in the first quarter, the most since early 2010, data from the Office for National Statistics revealed Friday. Sales had increased 0.8 percent in the fourth quarter of 2016.

Indonesia's central bank is unlikely to cut interest rates over the coming months of 2017, despite a relatively poor growth outlook, Gareth Leather, an economist at Capital Economics, said. Bank Indonesia on Thursday retained the key interest rate at 4.75 percent for the sixth consecutive month in...

The current monetary policy stance is clearly accommodative and if interest rates would be raised in future, the tightening path may be limited and gradual, Bank of England policymaker Michael Saunders said Friday. "A modest rise in rates would still imply that considerable stimulus remains in place,...

Lithuania's industrial production expanded in March from a year ago, figures from the Department of Statistics showed Friday. Industrial production grew a working-day-adjusted 4.6 percent year-over-year in March. On an unadjusted basis, production advanced 5.8 percent. Among sectors, manufacturing...

Italy's current account surplus in February decreased from the same month a year ago, figures from the Bank of Italy showed Friday. The current account surplus declined to EUR 1.19 billion from EUR 1.63 billion in the same month last year. The surplus in the goods trade account fell to EUR 3.65...

Croatia's unemployment rate decreased for the second straight month in March, figures from the Croatian Bureau of Statistics showed Friday. The registered jobless rate dropped to 14.4 percent in March from 15.3 percent in the preceding month. Moreover, the latest jobless rate was the lowest since...

Ireland's factory gate prices increased for the fourth consecutive month in March, figures from the Central Statistics Office showed Friday. The manufacturing industries output price index, excluding VAT, rose 2.1 percent year-over-year in March, slower than the 2.4 percent climb in February. The...

Hong Kong's unemployment rate decreased unexpectedly in the three months ended March, though marginally, preliminary figures from the Census and Statistics Department showed Friday. The seasonally adjusted jobless rate dropped to 3.2 percent in the January to March period from 3.3 percent in the December...

The euro area current account surplus increased to a record high in February, figures from the European Central Bank showed Friday. The current account surplus surged to a seasonally adjusted EUR 37.9 billion in February from EUR 26.1 billion in January. This was the highest surplus since the formation...

Hong Kong's consumer prices increased in March, after falling slightly in the previous month, figures from the Census and Statistics Department showed Friday. The consumer price index rose 0.5 percent year-over-year in March, reversing a 0.1 percent drop in February. However, it was slightly slower...

Eurozone consumers will be prepared to keep spending at a decent rate despite higher inflation eating into their purchasing power, IHS Markit Economist Howard Archer, said. Data published by the European Commission on Friday showed that the consumer sentiment index rose to -3.6 in April from -5 in...

UK retail sales declined more than expected in March, figures from the Office for National Statistics revealed Friday. Retail sales including automotive fuel decreased 1.8 percent month-on-month in March, reversing a 1.7 percent rise in February. Sales were forecast to fall moderately by 0.5 percent. Excluding...

Eurozone private sector growth hit a fresh six-year high in April, survey results from IHS Markit showed Friday. The flash composite output index rose unexpectedly to 56.7 in April from 56.4 in March. The latest reading was the highest since April 2011. Economists had forecast the score to remain...

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