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Economy And The Numbers

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Nigeria's economy remained in recession during the first quarter of the year, while rising oil prices strengthen hopes that it will return to growth later this year, figures from the National Bureau of Statistics showed Tuesday. Elsewhere on Tuesday, the Nigerian central bank left its key interest...

newhomesls-052317.jpg After reporting an unexpected jump in U.S. new home sales in the previous month, the Commerce Department released a report on Tuesday showing a substantial pullback in new home sales in the month of April. The Commerce Department said new home sales plunged by 11.4 percent to an annual rate of 569,000.

Hungary's central bank on Tuesday left its key interest rate unchanged at a record low for a twelfth consecutive month in May as it expects growth to gain momentum in future and inflation to reach its target sustainably from the first half of next year. The Monetary Council of the Magyar Nemzeti Bank...

Germany-IFO-052317.jpg A record high business sentiment, a one-year high economic growth and a six-year high growth in the private sector signal strong positive momentum of the German economy, the biggest in the euro area. As companies were upbeat about their future amid the improving current situation, the business sentiment index strengthened to a record high 114.6 from a revised 113.0 in April.

Greece-EU-052317.jpg Eurozone finance ministers hope to reach a deal on Greece's debt relief and release another tranche of bailout funds to the country in their June meeting, as they failed to reach an agreement on the matter with the International Monetary Fund on Monday. The next Eurogroup meeting is scheduled to be held on June 15 in Luxembourg.

British retail sales are expected to rise marginally again in June but growth is set to remain below its long-term average, the Quarterly Distributive Trades Survey from the Confederation of British Industry showed Tuesday. The retail sales balance fell to +2 percent in May, well below the expected...

Switzerland's employment increased in the three months ended March from a year ago, the Federal Statistical Office said Tuesday. Employment rose by 0.6 percent to 4.96 million in the first quarter from 4.93 million in the same period of 2016. But it fell from 5.01 million reported in the fourth quarter. At...

Switzerland's industrial production decreased in the three months ended March, data from the Federal Statistical Office showed Tuesday. Industrial production fell 1.3 percent year-over-year in the first quarter and industrial turnover slid by 1.6 percent. Industrial production contracted 2.9 percent...

Spain's foreign trade gap widened notably in March from a year ago, as imports grew faster than exports, preliminary figures from the Economy Ministry showed Tuesday. The trade deficit rose to EUR 1.46 billion in March from EUR 0.79 billion in the corresponding month last year. However, it was lower...

Croatia's unemployment rate decreased for the third straight month in April to the lowest level in seven months, figures from the Croatian Bureau of Statistics showed Tuesday. The registered jobless rate dropped to 13.2 percent in April from 14.4 percent in March. Moreover, the latest unemployment...

Latvia's producer prices increased for the third straight month in April, figures from the Central Statistical Bureau showed Tuesday. Industrial producer prices climbed 2.2 percent year-over-year in April, just above the 2.0 percent rise in March. Domestic market producer prices grew 2.2 percent...

Dwelling construction in Germany rose for a seventh year running in 2016 and was the highest in 12 years, data from Destatis showed Tuesday. The number of dwellings completed increased 12.1 percent or by 30,000 to 277,691. This was the highest figure since 2004, when completions totaled 278,008. The...

South Africa's leading index weakened in March, after strengthening in the previous seven months, figures from the South African Reserve Bank showed Tuesday. The composite leading indicator dropped to 97.6 in March from 98.0 in February. In January, the score was 96.9. On an annual basis, the index...

Taiwan's industrial production declined for the first time in nine months in April, confounding economists' expectations for a further increase, preliminary figures from the Ministry of Economic Affairs revealed Tuesday. Industrial production fell 0.6 percent year-over-year in April, reversing a 3.7...

Hong Kong's consumer prices increased for the second straight month in April, figures from the Census and Statistics Department showed Tuesday. The consumer price index climbed 2.0 percent year-over-year in April, faster than the 0.5 percent rise in March. The underlying inflation, which excludes...

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