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Economy : Page 5

India’s economic growth rate hits 6-year low
India fuel stationAugust 31, 2019 ET
India\'s economic growth rate slowed to a six-year low of 5% in the April-June 2019, a drop of 0.8% compared to the last quarter that ended in March, according to government data.
UK mortgage approvals hit two-year high in July
UK homeAugust 30, 2019 ET
British mortgage approvals for house purchases in July 2019 hit the highest point since July 2017, with net mortgage lending rising, according to statistics released by the Bank of England (BoE) Friday.
German inflation eases again unexpectedly
port containersAugust 30, 2019 ET
German annual inflation slowed unexpectedly for the second consecutive month in August, data showed on Thursday.
Brazil's economy rebounds in Q2, recession prevented
Brazil central bankAugust 30, 2019 ET
Brazil\'s economy, the largest in Latin America, rebounded in the second quarter, averting fears of a recession in the country, according to figures released by the Brazilian Institute of Geography and Statistics (IBGE).
Pending home sales in U.S. decline 2.5% in July
U.S. homeAugust 29, 2019 ET
Pending home sales in U.S. fell in July, reversing course on two consecutive months of gains, according to the National Association of Realtors.
Turkey economy to contract in Q2
Turkey businessAugust 29, 2019 ET
Turkey\'s economy is expected to shrink in the second quarter, its third straight quarterly contraction as it grapples with the effects of recession, and a Reuters poll on Thursday also pointed to zero growth in 2019 as demand and investment slows.
U.S. Q2 GDP growth revised to 2.0%
U.S. port containersAugust 29, 2019 ET
The U.S. economy slowed a bit more than initially thought in the second quarter as the strongest growth in consumer spending in 4-1/2 years was offset by declining exports and a smaller inventory build.
Strong economic growth in Norway
Norwegian manufacturingAugust 29, 2019 ET
Gross domestic product (GDP) for mainland-Norway (i.e. excluding shipping and oil and gas extraction) grew by 0.7 per cent from the first to the second quarter, according to seasonally adjusted figures.
France Q2 growth revised up to 0.3%
France constructionAugust 29, 2019 ET
France\'s economy grew slightly faster than previously thought in the second quarter as strong business investment helped make up for soft consumer spending, official data showed on Thursday.
New Zealand trade deficit widens in July
New Zealand portAugust 28, 2019 ET
The trade gap in New Zealand rose to NZD 685 million in July of 2019 from NZD 203 million in the same month of the previous year, as exports declined 5.8 percent to NZD 5,028 million while imports advanced 3.1 percent to NZD 5,713 million.
Eurozone household lending growth fastest since 2009
Ireland beach houseAugust 28, 2019 ET
Eurozone bank lending to households increased the most since early 2009 in July and money supply growth accelerated, data from the European Central Bank showed Wednesday.
Hong Kong trade gap narrows in July
Hong KongAugust 28, 2019 ET
The trade deficit in Hong Kong narrowed to HKD 32.2 billion in July 2019 from HKD 47.1 billion in the corresponding month of the previous year.
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