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Economy And The Numbers

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Luxembourg's unemployment rate resumed its downward trend in June, after holding steady in the previous month, and was the lowest in over seven years, preliminary data from the statistical office showed Friday. The seasonally adjusted unemployment rate dropped to 5.5 percent from 5.6 percent in both...

The euro area current account surplus declined notably in May, the European Central Bank reported Friday. The current account surplus fell to a seasonally adjusted EUR 22.44 billion from EUR 29.55 billion in April. This was the lowest since March 2015, when it totaled EUR 19.46 billion. The surplus...

The UK budget deficit narrowed in June, the Office for National Statistics said Friday. Public sector net borrowing, excluding public sector banks, dropped by GBP 0.8 billion to GBP 5.4 billion. This was the lowest June net borrowing since 2016. PSNB was bigger than the expected GBP 5 billion. At...

Hungary's average gross earnings grew at the slowest pace in more than a year in May, the Central Statistical Office said Friday. Gross earnings increased 10.9 percent year-on-year in May, which was the weakest growth since February 2017. Economists had forecast earnings growth to slow to 11.2 percent...

Dutch consumer confidence remained unchanged in July, figures from the Central Bureau of Statistics showed Friday. The consumer sentiment index held steady at 23.0 in July. The indicator has remained above 20 since late 2016. Optimism about economic activity over the coming twelve months and their...

Germany's producer prices climbed at the fastest pace in nine months in June, Destatis reported Friday. Producer prices grew 3 percent year-on-year in June, faster than the 2.7 percent increase logged in May. The annual rate matched economists' expectations and was the fastest since September 2017. On...

New Zealand credit card spending recovered in June, figures from Reserve Bank of New Zealand showed Friday. Credit card spending grew 2.1 percent month-on-month in June, in contrast to a 1.6 percent drop in May. Domestic billing climbed 2.4 percent, reversing May's 1.6 percent drop. Likewise,...

Japan's all industry activity grew only marginally in May after recovering in April, data from the Ministry of Economy, Trade and Industry showed Friday. The all industry activity index gained 0.1 percent on month, much slower than April's 1 percent rebound. Nonetheless, the monthly rate was better...

ukflag-july20.jpg Public sector finance data from the UK is due on Friday, headlining a light day for the European economic news. At 2.00 am ET, Destatis is scheduled to issue Germany's producer price figures. Economists forecast producer prices to rise 3 percent annually in June, faster than May's 2.7 percent increase....

Consumer prices in Japan were up 0.7 percent on year in June, the Ministry of Internal Affairs and Communications said on Friday. That was unchanged from the May reading, although it was shy of expectations for 0.8 percent. Core CPI, which excludes food prices, was up an annual 0.8 percent - in...

The one-day interbank deposit futures rates (DI rates) in Brazil changed direction at the end of the session and settled lower Thursday, after U.S. President, Donald Trump criticized the monetary policy tightening in his country, leading Treasury rates down as a result. During an interview with CNBC,...

Japan will on Friday release June numbers for consumer prices, setting the pace for a light day in Asia-Pacific economic activity. Overall nationwide CPI is expected to rise 0.8 percent on year, up from 0.7 percent in May. Core CPI is also tipped to climb 0.8 percent, up from 0.7 percent. Japan...

Producer prices in South Korea were flat on month in June, the Bank of Korea said on Friday - following a 0.2 percent increase in May. Among the major sub-indices, prices for agricultural, forestry and marine products sank 3.3 percent on month, while manufacturing products added 0.2 percent and utilities...

The one-day interbank deposit futures rates (DI rates) in Brazil opened higher Thursday, tracking the locally traded U.S. dollar and the higher rates os the U.S. Treasuries amid increasing risk aversion. The DI rates rise in line with the U.S. currency, which rises more than 1% against the Brazilian...

The Brazilian state-oil company Petrobras extended the term of its US$ 1 billion debt with the Mizuho Bank. Installments originally expiring in 2020 and 2022 had its terms extended to 2024, the company said. With the renegotiation Petrobras achieved more competitive financial costs, it said in a statement. The...

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