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Economy And The Numbers

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ecbank-sep12_17jun19.jpg The European Central Bank Governing Council would consider the impact of negative interest rates and the tiering system, if it had to conclude that cutting rates is the best option, ECB Executive Board Member Benoit Coeure said.

homebuildersindx-061719.jpg After reporting a substantial improvement in U.S. homebuilder confidence in the previous month, the National Association of Home Builders released a report on Monday showing an unexpected pullback in confidence in the month of June. The report said the NAHB/Wells Fargo Housing Market Index dropped to 64 in June after jumping to 66 in May.

newyork-061719.jpg Manufacturing activity in New York took a sharp downward turn in the month of June, according to a report released by the Federal Reserve Bank of New York on Monday, with the index of activity in the sector showing a record monthly decline. The New York Fed said its general business conditions index plunged to a negative 8.6 in June from a positive 17.8 in May.

Manufacturing activity in New York took a sharp downward turn in the month of June, according to a report released by the Federal Reserve Bank of New York on Monday, with the index of activity in the sector showing a record monthly decline.

Eurozone labor costs increased at a slightly faster pace in the first quarter, Eurostat reported Monday. Hourly labor costs grew 2.4 percent year-on-year, slightly faster than the 2.3 percent increase seen in the fourth quarter. The two main components of labor costs are wages and salaries, and...

Germany's economy is set to contract slightly in the second quarter, Bundesbank said in its monthly report on Monday. Driven by investment and household spending, the economy expanded 0.4 percent in the first quarter after staying flat a quarter ago. The central bank said temporary factors played...

UK labor costs increased at the joint-lowest rate since mid-2017, the Office for National Statistics reported Monday. Labor cost per hour grew 2.1 percent annually in the first quarter, before adjusting inflation. At 2 percent, growth was lower in the private sector than the public sector, where...

UK households' assessment of their financial well-being improved in June and their expectations turned positive for the first time since November, survey data from the IHS Markit showed on Monday. The IHS Markit Household Finance Index, or HFI, rose to 43.8 in June from 42.8 in May. Any reading below...

The International Monetary Fund urged Ireland to strengthen its fiscal buffers and continue preparing Brexit. Concluding the Article IV consultation, the Executive Board of IMF on Monday said although Ireland's outlook remains favorable, there are challenges from domestic capacity constraints and...

singaporetrade-jun17.jpg Singapore's non-oil domestic exports declined the most in more than three years in May as shipments to almost all major markets, especially to China, plunged from a year ago amid escalating trade disputes. NODX fell 15.9 percent in May from the high base a year ago, data from Enterprise Singapore showed on Monday. This was the third consecutive fall in exports and the biggest since March 2016.

Turkey unemployment rate increased in March, data from the Turkish Statistical Institute showed on Monday. On a seasonally adjusted basis, the unemployment rate increased to 13.8 percent in March, from 13.6 percent rise in the previous month. In the same period last year, jobless rate was 9.9 percent....

The Czech Republic's producer price inflation slowed in May after rising in the previous month, figures from the Czech Statistical Office showed on Monday. The producer price index rose 3.8 percent year-on-year in May, slower than 4.3 percent increase in April. The biggest increase was in electricity,...

Denmark's producer price inflation fell to the weakest level in two-and-a-half years in May, figures from Statistics Denmark showed on Monday. The producer price index fell 0.4 percent year-on-year in May, after a 1.2 percent rise in April. The latest rate was the lowest since October 2016, when...

Norway's trade surplus decreased in May amid a fall in exports and a rise in imports, data from Statistics Norway showed on Monday. Trade surplus fell to NOK 11.34 billion in May from NOK 16.68 billion in the same period last year. In April, trade surplus was 17.25 billion. Exports declined 3.2...

Singapore home sales declined in May from last year, data from the Urban Redevelopment Authority showed Monday. Private home sales totaled 952 units in May compared to 1,122 units a year ago. Sales were down 15.2 percent from the same period of last year. However, home sales surged 29.5 percent...

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