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Economy And The Numbers

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ericrosengren-092019.jpg With U.S. economic growth continuing at a solid rate despite the U.S.-China trade war, Boston Federal Reserve President Eric Rosengren has argued that it is not necessary and potentially risky for the central bank to lower interest rates.

jamesbullard-092019.jpg St. Louis Federal Reserve President James Bullard was one of three voting members of the Federal Open Market Committee that voted against the Fed's quarter-point rate cut on Wednesday, preferring a more substantial rate cut than his colleagues. Bullard explained his preference for a 50 basis point rate cut in a statement on Friday, citing signs that U.S. economic growth is expected to slow.

Eurozone consumer confidence improved in September to its highest level in four months, after weakening in August, preliminary data from the European Commission showed on Friday. The flash consumer confidence index climbed to -6.5 from -7.1 in August. Economist had forecast a modest improvement to...

Belgium's consumer confidence weakened for a second straight month in September, survey data from the National Bank of Belgium showed on Friday. The consumer confidence index dropped to -11 from -9 in August. In July, the score was -6. The latest downturn in confidence among consumers stems primarily...

indiaoutlooksurvey-july15_20sep19.jpg India's government on Friday announced a reduction in the corporate tax rate to boost a weaker economy that grew at the slowest pace in six years in the June quarter and prompted several companies to shed jobs massively. The tax on income of domestic companies was lowered to 22 percent from 30 percent, Finance Minister Nirmala Sitharaman said.

Finland's current account logged a deficit in the second quarter, Statistics Finland reported Friday. The current account balance showed a surplus of EUR 3.6 billion versus a surplus of EUR 703 million in the first quarter. The balance of goods and services showed a deficit of EUR 0.4 billion....

Ireland's wholesale prices fell at a slower rate in August, data from the Central Statistics Office showed on Friday. The wholesale price index fell 4.4 percent year-on-year in August, following a 5.9 percent decline in July. In June, prices decreased 6.8 percent. On a monthly basis, wholesale...

Latvia's producer price inflation slowed for the eight straight month in August, figures from the Central Statistical Bureau showed on Friday. The producer price index rose 0.4 percent year-on-year in August, after a 1.5 percent increase in July. Among components, prices in water supply grew...

Slovenia's output price inflation stable in August, figures from the Statistical Office of the Republic of Slovenia showed on Friday. Output prices rose 0.2 percent year-on-year in August, the same rate as seen in July. Energy prices rose 12.0 percent annually in August, while prices of intermediate...

Hong Kong's consumer price inflation rose unexpectedly in August to its highest level in three years, data from the Census and Statistics Department showed on Friday. The consumer price index rose 3.5 percent year-on-year in August, following a 3.3 percent increase in July. Economists had expected...

Poland's retail sales growth slowed in August from last year, figures from Statistics Poland showed on Friday. Retail sales climbed 4.4 percent year-on-year in August, after a 6.7 percent rise in the same month last year. Economists had expected a 6.5 percent growth. Sales in non-specialized...

French labor cost declined at a faster pace in the second quarter, the statistical office Insee reported Friday. Wages and salaries in the non-farm business sector decreased 1.2 percent sequentially, reversing a 1.8 percent rise in the first quarter. Without the special bonus for purchasing power,...

Turkey consumer confidence fell to the lowest level in four months in September, figures from the Turkish Statistical Institute showed on Friday. The consumer confidence index fell to 55.8 in September from 58.3 in August. The latest confidence score was the lowest since May, when it was 55.3....

Denmark's consumer confidence fell in September after rising in the previous month, survey data from Statistics Denmark showed on Friday. The consumer confidence index fell to 4.3 in September from 6.3 in August. In July, the confidence index reading was 2.9. The index measuring consumer's view...

Germany's producer price inflation eased more than expected in August, data from Destatis revealed Friday. Producer prices grew only 0.3 percent year-on-year, slower than the 1.1 percent increase in July. Prices were forecast to rise 0.6 percent. On a monthly basis, producer prices decreased 0.5...

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