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Economy And The Numbers

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Australia will on Friday release April numbers for retail sales, highlighting a modest day for Asia-Pacific economic activity. Sales are expected to rise 0.9 percent on month, slowing from 1.6 percent in March. Japan will provide May figures for Tokyo inflation; in April, overall inflation was up...

pending home sales 052622 A report released by the National Association of Realtors on Thursday showed pending home sales in the U.S. plummeted by much more than expected in the month of April. NAR said its pending home sales plunged by 3.9 percent to 99.3 in April after tumbling by 1.6 percent to a revised 103.3 in March.

South Africa's producer price inflation accelerated further in April, figures from Statistics South Africa showed on Thursday. Producer prices surged 13.1 percent year-on-year in April, faster than March's 11.9 percent increase. Economists had expected inflation to rise to 12.3 percent. The main...

Italy's consumer confidence improved more-than-expected in May, after worsening in the previous month, survey results from the statistical office Istat showed on Thursday. The consumer confidence index rose to 102.7 in May from 100.0 in April, which was the lowest reading since November 2020. Economists...

gdp 052622 Economic activity in the U.S. slumped by slightly more than previously estimated in the first quarter of 2022, according to revised data released by the Commerce Department on Thursday. The Commerce Department said real domestic product slid by 1.5 percent in the first quarter compared to the previously reported 1.4 percent drop.

Italy's industrial turnover rose for the third straight month in March, data from the statistical office Istat showed on Thursday. Industrial turnover increased 2.4 percent month-on-month in March, after a 2.9 percent growth in February. Domestic turnover rose 2.6 percent monthly in March, the...

Hungary's unemployment rate declined further in the February to April period, while it remained stable for the month of April, data from the Hungarian Central Statistical Office showed on Thursday. The jobless rate fell to 3.5 percent in February to April period from 3.7 percent during January-March....

jobless claims 052622 After reporting first-time claims for U.S. unemployment benefits at their highest level in almost four months in the previous week, the Labor Department released a report on Thursday showing initial jobless claims pulled back by more than expected in the week ended May 21st.

UK car production declined in April largely due to the shortage of semi-conductors, the impact of the war in Ukraine on supply chains, model changes and structural changes in industry, the Society of Motor Manufacturers and Traders, or SMMT, said on Thursday. Car production decreased 11.3 percent...

bank of russia1 020918 26may22 Russia's central bank slashed its key interest rate sharply by 300 basis points, on Thursday, citing a slowdown in inflation and the recovery in the currency exchange rate. At an emergency meeting, the Board of Directors of Bank of Russia decided to cut the benchmark rate to 11.00 percent from 14.00 percent.

After reporting first-time claims for U.S. unemployment benefits at their highest level in almost four months in the previous week, the Labor Department released a report on Thursday showing jobless claims pulled back by more than expected in the week ended May 21st.

Economic activity in the U.S. slumped by slightly more than previously estimated in the first quarter of 2022, according to revised data released by the Commerce Department on Thursday.

Turkey's central bank left its key interest rate unchanged for the fifth straight meeting despite surging inflation. The Monetary Policy Committee of the Central Bank of the Republic of Turkey, governed by Sahap Kavcioglu, decided to retain the one-week repo rate at 14.00 percent. The outcome of...

Hong Kong's merchandise exports and imports recovered in April, data from the Census and Statistics Department showed on Thursday. Exports grew 1.1 percent year-on-year in April, after an 8.9 percent decrease in March. Similarly, imports gained 2.1 percent annually in April, after a 6.0 percent...

Turkey's economic confidence improved in May, survey results from the Turkish Statistical Institute showed on Thursday. The economic sentiment index rose to 96.7 in May from 94.7 in the previous month. The growth was driven by the rise in consumer, services and retail trade confidence indices. The...

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