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Economy And The Numbers

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ECBDraghi-092816.jpg Low interest rates are necessary today for a return to higher rates in the future and other policy areas must contribute much more decisively to reap the full benefits of monetary policy, European Central Bank President Mario Draghi said Wednesday.

durablegoods-092816.jpg With an increase in orders for transportation equipment offset by decreases in orders for other manufactured goods, the Commerce Department released a report on Wednesday showing that new orders for U.S. manufactured durable goods came in flat in August. The Commerce Department said durable goods...

With an increase in orders for transportation equipment offset by decreases in orders for other manufactured goods, the Commerce Department released a report on Wednesday showing that new orders for U.S. manufactured durable goods came in flat in August.

Italy's hourly wages remained flat in August, the statistical office Istat reported Wednesday. Hourly wages remained unchanged in August, as seen in July. Wages had advanced 0.2 percent in June. Year-on-year, hourly wages growth held steady at 0.6 percent in August. During January to August,...

Ireland's retail sales declined in August after rebounding in July, the Central Statistics Office reported Wednesday. Retail sales volume dropped 4.7 percent month-on-month, reversing a double-digit 13.8 percent growth seen in July. On a yearly basis, retail sales volume growth eased to 5.2 percent...

MinoucheShafik-092816.jpg More monetary policy easing will be required at some point in the U.K. to avoid the economic slowdown to become more pernicious in the wake of EU referendum, Bank of England Deputy Governor Minouche Shafik said Wednesday. In a speech, text of which was put on the BoE website, Shafik said the likely timing of stimulus will depend on the continued evolution of the data.

Italy's consumer confidence dropped for a second straight month to its lowest level in 14 months during September, while factory morale rebounded, survey data from ISTAT showed Wednesday. The consumer confidence index declined to 108.7 from 109.1 in August, revised from 109.2. Economists were looking...

Mortgages taken on homes declined in July from a year ago, data from INE showed Wednesday. The number of mortgages on homes decreased 14.9 percent year-on-year in July to 18,706. In June, mortgages rose 15.5 percent. Home mortgages plunged 26 percent compared to the previous month. The average...

Bank of England Deputy Governor Minouche Shafik said more easing will be required at some point to ensure that a slowdown in economic activity does not turn into more pernicious. The UK faces a sizeable economic shock in the wake of the referendum, she said in a speech on Wednesday. Shafik noted...

Sweden's economic sentiment strengthened to a 5-month high in September, survey data from the National Institute of Economic Research showed Wednesday. The economic tendency index, which measures business and consumer confidence, rose to 103.0 in September from 100.1 in August. This was the highest...

Carney-BOE-092816.jpg The U.K. economy is currently experiencing a period of uncertainty and adjustment following the Britons' surprise vote in June to leave the European Union, but the longer term prospects are positive, Bank of England Governor Mark Carney said in an interview published Wednesday.

French consumer sentiment remained unchanged in September, survey data from the statistical office Insee showed Wednesday. The consumer confidence index held steady at 97. The score remained below its long-term average of 100. Households' opinion of their personal financial situation in the past...

Slovakia producer prices declined in August from a year ago, extending its falling trend that began in early 2013, preliminary data from the Statistical Office of the Slovak Republic showed Wednesday. The industrial producer price index dropped 4.6 percent year-on-year in August, same as in July....

Norway's retail sales increased less than expected in August, figures from Statistics Norway revealed Wednesday. Retail sales grew 0.4 percent on a monthly basis in August, slower than the 0.6 percent rise economists had expected. Year-on-year, retail sales volume excluding motor vehicles, declined...

The U.K. economy is currently experiencing a period of uncertainty and adjustment following the Britons' surprise vote to leave the European Union, but the longer term prospects are positive, Bank of England Governor Mark Carney said in an interview to the Herald Scotland. "As all of the MPC said...

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