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Economy: Page 3

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.
Corruption main obstacle to LatAm's economic growth, says Moody's report
Latin American streetJuly 11, 2019 ET
Rampant corruption in Latin America is the biggest obstacle to improving the region\'s credit standings and economic competitiveness, credit rating agency Moody\'s Investors Service said.
EC says Greece's recovery is fragile
Greece streetJuly 10, 2019 ET
The European Commission revised slightly lower its 2019 GDP forecast for Greece, to 2.1% from 2.2% previously, underlining “the fragile nature of Greece\'s recovery.”
Swiss jobless rate lowest since November 2001
Swiss joblessJuly 10, 2019 ET
The Swiss unemployment rate dropped to to a non-seasonally adjusted 2.1 percent in June 2019 from 2.3 percent in the previous month and below market expectations of 2.2 percent.
OECD composite leading indicators signal stabilizing growth momentum
OECDJuly 9, 2019 ET
The composite leading indicators (CLIs) of the Organization for Economic Cooperation and Development (OECD) published showed that the OECD member economies are stabilising.
Russia reaches zero inflation for first time in 28 years
Russia reaches zero inflationJuly 9, 2019 ET
Russia’s inflation slowed down to 4.7% in June in annual terms from 5.1% in May, the Russian central bank said in a statement, citing the Federal State Statistics Service.
Norway sees steady growth in mainland GDP
Norwegian manufacturingJuly 9, 2019 ET
Growth in gross domestic product (GDP) for mainland Norway was 0.7 percent in March to May compared with December to February.
Scotland posts fastest growth in seven months
ScotlandJuly 9, 2019 ET
According to the latest Royal Bank of Scotland PMI, Scotland was among the top-performing parts of the UK during June, as activity growth was reinstated following a slight drop in May.
Downturn deep in Northern Ireland private sector
Northern IrelandJuly 9, 2019 ET
The headline seasonally adjusted Business Activity Index fell to 44.1 in June from 46.0 in May.
After series of talks Pakistan to get $10 billion from ADB
PakistanJuly 8, 2019 ET
The Asian Development Bank (ADB) has planned to support Pakistan with indicative lending of up to $10 billion for various development projects and programmes during the next five years.
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