The Philippine economy grew more than expected in the fourth quarter of 2014 as industrial sector growth surged, figures from the National Statistical Coordination Board showed on Thursday. Gross domestic product for the fourth quarter advanced 6.9 percent year-on-year, exceeding economist expectation for 6.0 percent growth. This followed a 5.3 percent rise in the third quarter.
Export prices in Australia were unchanged on quarter in the fourth quarter of 2014, the Australian Bureau of Statistics said on Thursday.
That beat forecasts for a decline of 1.0 percent following the 3.9 percent tumble in the third quarter.
Among the individual components, prices for animal oils...
Retail sales in Japan added just 0.2 percent on year in December, the Ministry of Economy, Trade and Industry said on Thursday, worth 13.524 trillion yen.
That missed forecasts for an increase of 0.9 percent and was down from the 0.5 percent gain in November.
Sales from large retailers added just...
New Zealand posted a merchandise trade deficit of NZ$159 million in December, Statistics New Zealand said on Thursday - representing 3.6 percent of exports.
That missed forecasts for a surplus of NZ$75 million following the downwardly revised NZ$285 million shortfall in November (originally -NZ$213...
The Reserve Bank of New Zealand's monetary policy board on Thursday decided to hold its Official Cash Rate steady at 3.50 percent - in line with expectations.
It was the fourth straight month with no change for the RBNZ, which had hiked the OCR by 25 basis points in each of previous four meetings...
The dollar is holding steady after the Federal Reserve released its policy statement Wednesday afternoon. The currency was little changed ahead of the conclusion of the Fed's 2-day meeting and remains so afterwards. The Federal Reserve repeated its pledge to remain "patient" on raising interest rates...
Germany's consumer confidence improved strongly to a 13-year high at the start of the year, as a collapse in energy prices boosted disposable income and raised room for more spending, survey data from the GfK showed Wednesday. The forward-looking consumer confidence index rose more-than-expected to 9.3 in February from 9.0 in January. This was the highest value since November 2001.
At an unscheduled meeting on Wednesday, Singapore's central bank unexpectedly eased its monetary policy and downgraded its inflation forecast, citing lower oil prices. The Monetary Authority of Singapore said it will continue with the policy of a modest and gradual appreciation of the Singapore dollar nominal effective exchange rate (S$NEER) policy band but the slope of the band will be reduced.
Consumer prices in Australia gained just 1.7 percent on year in the fourth quarter of 2014, the Australian Bureau of Statistics said on Wednesday.
That was below forecasts for 1.8 percent, and down from 2.3 percent in the third quarter.
On a quarterly basis, inflation added just 0.2 percent versus...
The dollar has extended its losses against its major European competitors on Tuesday, but has begun to stabilize after consumer confidence climbed to a 7-year high. The currency lost ground this morning, following the unexpected drop in durable goods orders.
New orders for U.S. manufactured durable...
Consumer confidence in the U.S. has seen a substantial improvement in the month of January, according to a report released by the Conference Board on Tuesday, with the consumer confidence index jumping to its highest level in over seven years.
After reporting an unexpected drop in sales of new single-family houses in the previous month, the Commerce Department released a report on Tuesday showing that U.S. new home sales rebounded by more than anticipated in the month of December.
Annual home price growth in major metropolitan areas continued to slow in the month of November, according to a report released by Standard & Poor's on Tuesday.
New orders for U.S. manufactured durable goods unexpectedly showed a substantial decrease in the month of December, according to a report released by the Commerce Department on Tuesday, with the drop partly due to a sharp decline in orders for transportation equipment.
U.K. economic growth slowed more than expected in the fourth quarter due to weakness in the production and construction sectors but the economy logged its strongest growth in seven years in 2014 as a whole, preliminary data from the Office for National Statistics showed Tuesday. Gross domestic product grew 0.5 percent sequentially, slower than the 0.7 percent expansion seen in the third quarter.