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Economy: Page 2

Cuba revises up economic growth for 2018
CubaJuly 15, 2019 ET
Cuba revised up its economic growth for 2018.
China: Banks distributed $241 billion in new yuan loans in June
China bankJuly 15, 2019 ET
In June, Chinese banks distributed CNY 1.66 trillion ($241 billion) in new yuan loans, the highest reading in three months.
Romania: Industrial output slows in May
Romania factoryJuly 15, 2019 ET
Industrial output rose 0.2% on an annual basis in May, decelerating from April’s 1.4%. According to the Statistical Institute, May’s slowdown was mainly attributable to a contraction in the manufacturing sector, as well as in the mining and quarrying sector.
Singapore: Economic growth plunges to 10-year low in Q2
Singapore passportJuly 15, 2019 ET
The economy screeched to an abrupt halt in the second quarter following the first quarter’s slowdown.
Turkey: Industrial output drops at an accelerated pace in April
Turkey's inflationJuly 15, 2019 ET
Turkish industrial production fell 1.3% year-on-year in May, improving from the revised 3.8% drop in April (previously reported: -4.0% year-on-year); annual average industrial output contracted 3.1% in May, down from the 2.5% fall in April.
China sees 472 new public offering funds worth $69.8 billion
China fundsJuly 15, 2019 ET
China saw a total of 472 public offering funds issued in the first half of this year with a combined value of 479.3 billion yuan (about 69.8 billion U.S. dollars), the China Securities Journal reported.
Upturn in official eurozone manufacturing data has somewhat darker background
UK constructionJuly 15, 2019 ET
Industrial production in the eurozone rose sharply in May, but survey data indicate that the improvement will be short-lived.
IMF to ship $5.4 billion to Argentina under standby loan deal
IMF acting managing director David LiptonJuly 14, 2019 ET
The International Monetary Fund board said it would ship $5.4 billion in cash to Argentina after approving a fourth review of a standby credit deal with the crisis-stricken South American nation.
The Netherlands: More bankruptcies in June
Netherlands bankruptciesJuly 13, 2019 ET
The number of corporate bankruptcies has increased, according to Statistics Netherlands (CBS).
Industrial production up 0.9% in euro area
UK manufacturingJuly 12, 2019 ET
In May 2019 compared with April 2019, seasonally adjusted industrial production rose 0.9% in the euro area (EA19) and 0.8% in the EU28, according to estimates from Eurostat, the statistical office of the European Union.
Britain's GDP rises 0.3 percent in May
UK manufacturingJuly 11, 2019 ET
Britain\'s gross domestic product (GDP) grew 0.3 percent in May, compared with the previous month, according to Office for National Statistics (ONS) survey.
New Zealand retail spending flat thanks to lower petrol prices
New Zealand storeJuly 11, 2019 ET
New Zealand\'s total retail card spending was flat in June 2019, with a bounceback in some industries offset by a drop in spending on fuel, Stats NZ said.
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