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Economy And The Numbers

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Japan will on Thursday see preliminary May numbers for the manufacturing PMI from Nikkei, highlighting a light day for Asia-Pacific economic activity. The April reading saw a score of 50.2, barely above the boom-or-bust line of 50 that separates expansion from contraction. Singapore will release...

eccles-building-110818_22may19.jpg Members of the Federal Reserve are in no rush to alter the path of interest rates, according to the minutes of the central bank's latest monetary policy meeting. The minutes showed members agreed that a patient approach to determining future adjustments to rates would likely remain appropriate for "some time."

iceland-central-bank-110718_22may19.jpg Iceland's central bank slashed its key interest rate and the economic growth forecast for this year on Wednesday, citing weaker tourism business and a fall in marine product exports. The Monetary Policy Committee, or MPC, decided to lower the rate on seven-day term deposits by 0.5 percentage points to 4 percent, the Central Bank of Iceland or Sedlabanki said.

Italy is forecast to expand less than previously estimated this year, according to the latest Economic Outlook published by the statistical office Istat. Gross domestic product is expected to grow 0.3 percent in 2019, which was revised down sharply from 1.3 percent projected in November. The estimate...

ukinflation-may22.jpg UK consumer price inflation exceeded the central bank's target in April for the first time since December, driven by higher utility costs and air fares. Meanwhile, core inflation held steady for a second month in a row, further damping hopes of an interest rate hike this year.

Taiwan's unemployment rate rose marginally to the highest level in eleven months in April, the Directorate General of Budget Accounting & Statistics, or DGBAS, said on Wednesday. The seasonally adjusted jobless rate rose marginally to 3.73 percent in April from 3.72 percent in March. Economists had...

Ireland's output prices declined for the second straight month, and at a slower pace in April, figures from the Central Statistics Office showed on Wednesday. The manufacturing industries output price index, excluding VAT, fell 5.9 percent year-on-year in April, following a 6.8 percent decrease in...

UK's public sector net borrowing in April was the lowest for the month since 2007, preliminary data from the Office for National Statistics showed on Wednesday. Public sector net borrowing, or PSNB, excluding public sector banks was GBP 5.8 billion, which was 0.03 billion less than a year ago. Net...

UK consumer price inflation accelerated in April, while output price inflation eased slightly, figures from the Office for National Statistics revealed Wednesday. Consumer price inflation rose to 2.1 percent in April from 1.9 percent in March. Nonetheless, this was slightly slower than the forecast...

Poland's industrial production grew at a faster-than-expected pace in April, figures from Statistics Poland showed on Wednesday. Industrial production rose 9.2 percent year-on-year in April, exceeding economists' forecast for an increase of 9.0 percent. Among the main components, water supply surge...

South Africa's consumer price inflation slowed in April after rising in the previous month, data from Statistics South Africa showed on Wednesday. The consumer price index rose 4.4 percent year-on-year in April, slower than 4.5 percent increase in March. Economists had expected the inflation to rise...

Thailand's exports fell at a slower rate in April, data from the Commerce Ministry showed on Wednesday. Exports decreased 2.57 percent year-on-year in April, after a 4.88 percent decline in March. Economists had expected a 2.0 percent fall. Imports fell 0.72 percent annually in April, after a...

Sweden's central bank said structural reforms are needed in the housing market to curb households' high indebtedness. In the Financial Stability Report, released Wednesday, Riksbank said high household indebtedness poses the greatest risk to the Swedish economy. The development of household indebtedness...

Japan's supermarket sales declined in April, data from the Chain Store Association showed Wednesday. Supermarket sales dropped 1 percent year-on-year in April, reversing a 0.5 percent rise in March. The annual drop was largely driven by clothing sales, which fell 7 percent. Meanwhile, services...

preview-may22.jpg Consumer and producer prices and public sector finance reports from the UK are due on Wednesday, headlining a light day for the European economic news. At 3.00 am ET, European Central Bank President Mario Draghi is set to speak at an event organized by the ECB in Frankfurt, Germany.

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