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Economy And The Numbers

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australiacentralbank-082019.jpg The Reserve Bank of Australia would consider further monetary easing if needed to underpin sustainable growth and inflation and reviewed various unconventional policy loosening measures, according to the minutes of the meeting held in August. At the meeting, policymakers assessed it appropriate to view the developments in both global and domestic economies before cutting rates further.

preview-aug20.jpg Producer price data from Germany is due on Tuesday, headlining a light day for the European economic news. At 1.00 am ET, Statistics Finland publishes July unemployment report. The jobless rate stood at 6.2 percent in June. At 2.00 am ET, Destatis is scheduled to issue Germany's producer price data. Prices are forecast to rise 1 percent annually in July after climbing 1.2 percent in June.

The Reserve Bank of Australia will on Tuesday release the minutes from its monetary policy meeting on August 6, highlighting a light day for Asia-Pacific economic activity. At the meeting, the RBA left its key interest rate unchanged at a record low of 1.00 percent after cutting the rate by 25 basis...

multibrandwarehouse-jun06_19aug19.jpg The German economy could shrink further in the third quarter as the slowdown in the industry continues and this is set to gradually affect some parts of the service sector, the Bundesbank said in its monthly report, released Monday. Official estimates revealed last week that the biggest euro area economy contracted 0.1 percent in the second quarter.

Germany and France have not amended their rules related to over-the-counter derivatives contracts, which could result in unnecessary stress to the European financial system after Brexit, Bank of England Governor Mark Carney told the Central Banking website. Carney urged EU lawmakers to address the...

UK households' assessment of their financial well-being fell in August, survey data from the IHS Markit showed on Monday. The IHS Markit Household Finance Index, or HFI, fell to 43.7 in August from 44.3 in July. Any reading below 50 indicates negative perceptions regarding financial well-being....

Hong Kong's jobless rate rose marginally during the May to July period, data from the Census and Statistics Department showed on Monday. The unemployment rate rose to 2.9 percent during the May to July period from 2.8 percent in the April to June period. The underemployed rate remained unchanged...

Eurozone inflation eased more than initially estimated in July to the lowest since late 2016, final data from Eurostat showed Monday. Headline inflation slowed to 1 percent in July from 1.3 percent in June. The initial estimate was 1.1 percent. In the same period last year, the inflation rate was...

Eurozone's current account surplus decreased in June to its lowest level in nearly two- and-a-half years, figures from the European Central Bank showed on Monday. The current account surplus fell to EUR 18.352 billion from EUR 30.291 billion in May. The surplus was the lowest since January 2017,...

Austria's consumer price inflation slowed in July, figures from Statistics Austria showed on Monday. The consumer price index climbed 1.4 percent year-on-year in July, following a 1.6 percent rise in June. Restaurants and hotels prices grew by 3.2 percent annually in July and those of housing...

Turkey's retail sales declined in June, but at a slower pace, data from the Turkish Statistical Institute showed on Monday. Retail sales fell 1.2 percent year-on-year in June, following a 3.3 percent decline in May. This was the tenth consecutive fall in sales. Sales of automotive fuels declined...

thailandgdp-081919.jpg Thailand's economic growth outlook was downgraded further after the economy logged its weakest growth in five years in the second quarter due to subdued domestic demand and exports. Gross domestic product expanded 2.3 percent year-on-year in the second quarter, slower than the 2.8 percent increase seen in the first quarter, the National Economic and Social Development Council said Monday.

preview-aug19.jpg Final inflation from euro area is due on Monday, headlining a light day for the European economic news. At 3.00 am ET, Statistics Austria is scheduled to release July consumer price data. Inflation had slowed to 1.6 percent in June from 1.7 percent in May. In the meantime, retail sales figures are due from Turkey. Also July consumer price data from Slovakia is due.

Thailand's economic growth decelerated to a five-year low in the second quarter, the National Economic and Social Development Council said Monday. Gross domestic product expanded 2.3 percent year-on-year in the second quarter, slower than the 2.8 percent increase seen in the first quarter. This was...

UK house sales increased sharply in August as buyers insisted to conclude the contract well ahead of Brexit deadline, property website Rightmove reportedly said on Monday. Despite a quiet period in the property market, the number of sales advanced 6.1 percent year-on-year this August. House prices...

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