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Eurozone Industrial Production rose by 0.1%

In July 2017 compared with June 2017, seasonally adjusted industrial production rose by 0.1% in the euro area (EA19), while it decreased by 0.3% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In…

UK Unemployment Rate fell to 4.3%

Estimates from the Labour Force Survey show that, between February to April 2017 and May to July 2017, the number of people in work increased, the number of unemployed people fell, and the number of people aged from 16 to…

Westpac Consumer Sentiment up by 2.5%

Soaring power bills and other hits on the household budget mean consumers remain downbeat despite a better jobs outlook, an economist says. The latest Westpac-Melbourne Institute Index of consumer sentiment rose 2.5 per cent in September to 97.9 points, from…

ECB Constacio says inflation goals are to be reached by keeping policy accomodative

The non-standard measures that the ECB had to use in order to face the challenges of the crisis and the threat of too low inflation have been successful to avoid the worst for the European Monetary Union. From innovative liquidity…

U.S. job openings at 6.2 million

The number of job openings was little changed at 6.2 million on the last business day of July, the U.S. Bureau of Labor Statistics reported today. Over the month, hires and separations were also little changed at 5.5 million and…

UK CPI increased to 2.7%

The Consumer Prices Index including owner occupiers’ housing costs 12-month inflation rate was 2.7% in August 2017, up from 2.6% in July 2017. Rising prices for clothing and motor fuels were the main contributors to the increase in the rate…

Higher costs are weighing on business confidence

The latest monthly business survey by NAB shows that Australian business conditions are holding up well at recent record highs.That’s the good news, because data for August  revealed a sharp fall in business confidence, following consistent gains in that sub-index…

ECB has seen very little price pressure in recovery – Mersch

The European Central Bank has seen very little pressure on inflation despite an economic recovery and policymakers will discuss this autumn whether to curb stimulus, ECB Executive Board member Yves Mersch said on Monday. Mersch, considered a policy hawk, told…

Economic cost of Hurricane Irma 'could reach $300bn'

The economic cost of Hurricane Irma could rise as high as $300bn (£227bn) as the storm lashes Florida, damaging homes, businesses and key crops including orange groves.  Analysts said about $2tn of property lay in the storm’s path, and also…

UK doesn't need Brexit to curb EU immigration, says former PM Blair

Britain could bring in tough new controls on immigration from the European Union without actually having to leave the bloc, former prime minister Tony Blair said on Sunday. Concerns over the impact of high levels of immigration on public services…

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