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Economy And The Numbers

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UK retail sales fell unexpectedly in August, data from the Office for National Statistics showed Thursday. Retail sales including auto fuel dropped 0.2 percent month-on-month, while economists had forecast the volume to remain flat. Excluding auto fuel, retail sales decreased 0.3 percent on month,...

indonesia-jun20_19sep19.jpg Indonesia's central bank slashed its key interest rate in September for a third consecutive policy session, as it expects low inflation and weaker growth in the coming months, due to risks from trade tensions and global economic slowdown. The Board of Governors, led by Governor Perry Warjiyo, decided to reduce the 7-day reverse repo rate by 25 basis points to 5.25 percent.

Switzerland's exports declined for the second straight month, while imports grew in August, data from the Federal Customs Administration showed on Thursday. Exports decreased by real 4.4 percent month-on-month in August, following a revised 1.2 percent fall in July. Imports rose 1.0 percent in...

Japan's all industry activity rose in July, figures from the Ministry of Economy, Trade and Industry showed on Thursday. The all industry activity index rose 0.2 percent month-on-month in July, after a 0.7 percent fall in June, which was in line with economists' expectations. Among components,...

The Dutch unemployment rate rose marginally in August after remaining unchanged in the previous months, data from the Central Bureau of Statistics showed on Thursday. The ILO jobless rate rose to 3.5 percent in August from 3.4 percent in July. The number of unemployed persons increased to 321,000...

Dutch consumer confidence fell to the lowest level in four months in September, data from the Central Bureau of Statistics showed on Thursday. The consumer confidence index fell to minus 2 in September from zero in August. The latest confidence index was the weakest since May, when the score was...

australianflag-042910_19sep19.jpg Australia's budget returned to balance in the 2018-19 financial year for the first time since 2007-08, Federal Treasurer Josh Frydenberg said Thursday. According to the Final Budget Outcome for the 2018-19 financial year, the budget deficit was A$13.8 billion better than estimated at the time of the 2018-19 Budget. The deficit of A$690 million represented 0.0 percent of gross domestic product.

preview-sept19.jpg Interest rate announcements from the Bank of England and the Swiss National Bank are due on Thursday, headlining a busy day for the European economic news. At 3.30 am ET, the Swiss National Bank is set to announce its quarterly monetary policy assessment. The bank is expected to hold its new policy rate at -0.75 percent.

bankofjapan-jun20_18sep19.jpg The Bank of Japan kept its monetary policy unchanged as widely expected on Thursday, after the U.S. Federal Reserve resorted to further easing. The Policy Board of the BoJ voted 7-2 to maintain interest rate at -0.1 percent on current accounts that financial institutions maintain at the bank.

newzealandcpi-071510.jpg New Zealand's gross domestic product was up a seasonally adjusted 0.5 percent on quarter in the second quarter of 2019, Statistics New Zealand said on Thursday. That exceeded expectations for an increase of 0.5 percent although it slowed from 0.6 percent in the first quarter. On an annualized yearly...

New Zealand's gross domestic product expanded a seasonally adjusted 0.5 percent on quarter in the second quarter of 2019, Statistics New Zealand said on Thursday. That exceeded expectations for an increase of 0.5 percent although it slowed from 0.6 percent in the first quarter. On an annualized...

Australia will on Thursday release August figures for unemployment, highlighting a modest day for Asia-Pacific economic activity. The jobless rate is predicted to hold steady at 5.2 percent, with an increase of 15,000 jobs following the gain of 41,100 jobs in July. Japan also will see July results...

eccles-building-110818_18sep19.jpg After lowering interest rates for the first time in over a decade in late July, the Federal Reserve announced another interest rate cut following a two-day monetary policy meeting that ended on Wednesday. The Fed revealed its widely expected decision to cut rates by another 25 basis points, lowering the target range for the federal funds rate to 1-3/4 to 2 percent.

Denmark's economic growth is set to ease in the coming two years due to the impact from a slowing global economy, the country's central bank said Wednesday. The economic growth forecast for 2020 was slashed to 1.5 percent from 1.7 percent predicted in March, the Danmarks Nationalbank said in a report. The...

homebuilding-091819.jpg New residential construction in the U.S. showed a substantial rebound in the month of August, according to a report released by the Commerce Department on Wednesday. The report said housing starts soared by 12.3 percent to an annual rate of 1.364 million in August after slumping by 1.5 percent to a revised rate of 1.215 million in July.

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