ECB Bulletin: Eurozone Recovery On Track, But Remains Uneven
Eurozone economic recovery is on track, although it is likely to remain uneven, the European Central Bank said in its latest monthly bulletin. The ECB Governing Council expects the euro area economy to grow at a moderate pace in 2010, in an environment marked by continued uncertainty. |
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European Economics Preview: SNB Set To Hold Rates
Interest rate decision from the Swiss National Bank along with employment data from France are due on Thursday, headlining a moderate day for European economic news. |
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U.S. Trade Deficit Unexpectedly Narrows In January
With the value of imports falling at a faster rate than the value of exports, the Commerce Department released a report Thursday morning showing that the U.S. trade deficit unexpectedly narrowed in the month of January. The report showed that the trade deficit narrowed to $37.3 billion in January from a revised $39.9 billion in December. The smaller deficit surprised economists, who had expected the deficit to widen to $41.0 billion. |
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Iceland Unemployment Rate Rises To 9.3% In February
Iceland's unemployment rate rose to 9.3% in February from 9% in January, the country's Directorate of Labor said on Wednesday. |
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Malaysia Manufacturing Sales Pick Up In January
Sales in Malaysia's manufacturing sector increased 28.8% year-on-year to MYR 43.3 billion, the country's department of statistics said on Thursday. In December, sales value was up a revised 15.9%. |
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Pakistan's Inflation Slightly Eases In February
Pakistan's consumer prices rose 13.04% year-on-year in February, slightly slower than January's 13.68% increase, the Federal Bureau of Statistics said Thursday. The CPI rose 0.39% on a monthly basis. |
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Spain Home Sales Rise In January
Home sales in Spain grew 2.1% year-on-year to about 38,000 in January, the National Statistics Institute said on Thursday. |
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Czech Q4 GDP Revised To Show Growth
Czech statistical office on Thursday sharply revised fourth quarter gross domestic product figures to show growth instead of a contraction reported initially. |
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French Non-farm Payrolls Fall Less Than Expected In Q4
French non-farm payrolls decreased 0.1% quarter-on-quarter in the final three months of 2009, data released by statistical office Insee showed Thursday. Economists had forecast a 0.4% decline. |
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Philippine Central Bank Holds Key Interest Rate
As expected, the Philippine central bank on Thursday kept its overnight borrowing or reverse repurchase rate at 4% and overnight lending or repurchase rate at 6%. |
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Swiss National Bank Leaves Key Interest Rate Unchanged
Thursday, the Swiss National Bank left its key interest rate unchanged for a fourth time to support the economy, which is emerging from the shadows of the worst recession. |
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ECB's Mersch: Eurozone Recovery May Be Uneven
The Eurozone economic recovery process is underway though it is likely to be uneven, European Central Bank Governing Council member Yves Mersch said Thursday. |
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Estonia Overnight Stays Rise In January
The number of tourists staying in Estonian accommodation establishments increased 9% year-on-year in January to 123,000, Statistics Estonia said on Thursday. |
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Philippines Logs PHP 37.1 Billion Budget Deficit In January
Philippines' budget deficit stood at PHP 37.1 billion in January, lower than the PHP 38.1 billion deficit a year ago, the country's finance department said on Thursday. |
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Malaysia Current Account Surplus Widens In Q4
Malaysia's current account surplus increased to MYR 27.3 billion in the December quarter from MYR 25.3 billion in the September quarter, the Department of Statistics said on Thursday. |
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U.K. Inflation Expectations Highest Since 2008: BoE/GfK NOP Survey
The expected rate of inflation among Britons reached the highest level since November 2008, a closely watched survey showed Thursday. |
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Philippine Central Bank Holds Rates, Continues Exit
Thursday, the Philippine central bank maintained its key interest rate and decided to phase out liquidity-enhancing crisis response measures. |
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Dubai Sets Up New Utility Regulator
The Dubai government has created a regulatory body for the utilities sector and will soon put a framework in place that could pave the way for the private sector to enter the business, according to a local media report. |
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Sweden CPI Inflation Picks Up To 1.2% In February
Consumer prices in Sweden spiked 1.2% year-on-year in February, faster than the 0.6% increase in January, Statistics Sweden said on Thursday. |
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First-Time Jobless Claims Show Modest Decrease, Continuing Claims Rise
While the Labor Department released a report Thursday morning showing a modest decrease in first-time claims for unemployment benefits in the week ended March 6th, the report also showed an increase in continuing claims. The report showed that initial jobless claims edged down to 462,000 from the previous week's revised figure of 468,000. Economists had expected jobless claims to slip to 460,000 from the 469,000 originally reported for the previous week. |
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