Economy And The Numbers

A report released by the Federal Reserve on Tuesday showed industrial production in the U.S. increased in line with economist estimates in the month of March. The Fed said industrial production climbed by 0.4 percent in March, matching the upwardly revised advance in February.

The International Monetary Fund projected that the global economy is resilient and is set to expand at a steady pace in the next two years as inflation returns to target gradually. Global growth is set to remain at 3.2 percent this year and next, the same as in 2023, the IMF said in its latest World Economic Outlook released on Tuesday.

After reporting a substantial rebound in new residential construction in the U.S. in the previous month, the Commerce Department released a report on Tuesday showing housing starts pulled back by much more than expected in the month of March. The Commerce Department said housing starts plummeted by 14.7 percent to an annual rate of 1.321 million in March.

A report released by the Federal Reserve on Tuesday showed industrial production in the U.S. increased in line with economist estimates in the month of March. The Fed said industrial production climbed by 0.4 percent in March, matching the upwardly revised advance in February. Economists had expected...

The increase in the UK unemployment rate and the marginal slowdown in wage growth in the three months to February suggest an easing of pressure in the labor market. The ILO jobless rate rose to 4.2 percent from 3.9 percent in three months to January, the Office for National Statistics reported Tuesday. The rate was seen at 4.0 percent.

After reporting a substantial rebound in new residential construction in the U.S. in the previous month, the Commerce Department released a report on Tuesday showing housing starts pulled back by much more than expected in the month of March. The Commerce Department said housing starts plummeted by...

Ireland's foreign trade surplus decreased in February as imports rose amid a fall in exports, figures from the Central Statistics Office showed on Tuesday. The seasonally adjusted trade surplus dropped to EUR 7.2 billion in February from EUR 8.4 billion in the previous month. In the corresponding...

Italy's foreign trade surplus increased in February from a year ago as exports rose amid a fall in imports, data from the statistical office Istat showed on Tuesday. The trade surplus rose to EUR 6.03 billion from EUR 2.09 billion in the corresponding month last year. In January, there was a surplus...

Germany's economic confidence strengthened more-than-expected to hit the highest in more than two years in April as investors anticipate the economy to pick up over the coming months amid the global recovery, survey results from the think tank ZEW showed on Tuesday. The ZEW Indicator of Economic Sentiment surged to 42.9 in April from 31.7 in the previous month. The reading was seen at 35.1.

The euro area trade surplus increased sharply in February on falling imports, data published by Eurostat showed on Tuesday. The trade surplus registered a surplus of EUR 23.6 billion in February, up sharply from EUR 3.6 billion in the same period last year. On a yearly basis, exports gained 0.3...

China's economy posted a stronger-than-expected growth in the first quarter as strong exports on the back of weaker currency helped to counteract the downturn in the property market. Gross domestic product grew 5.3 percent on a yearly basis in the first quarter, the National Bureau of Statistics reported Tuesday. The growth rate exceeded both expectations of 5.0 percent and the previous quarter'

Italy's inflation accelerated slightly less than initially estimated in March, the latest data from the statistical office ISTAT showed on Tuesday. Consumer prices logged an annual increase of 1.2 percent in March after rising 0.8 percent in February. That was slightly weaker than the 1.3 percent...

Turkey's retail sales expanded at the fastest pace in seven months in February, data from Turkstat showed on Tuesday. Retail sales surged 25.1 percent annually in February, much faster than the 13.7 percent increase in the previous month. Sales have been rising since June 2020. Further, the latest...

Germany's wholesale prices continued to decline in March, and at a steady pace, data from Destatis showed on Tuesday. Wholesale prices dropped 3.0 percent on a yearly basis, the same as in February. Wholesale prices have been falling since April 2023. Month-on-month, wholesale prices rebounded...

The UK unemployment rate rose in three months to February, data from the Office for National Statistics showed on Tuesday. The ILO jobless rate rose to 4.2 percent from 3.9 percent in three months to January. The rate was seen at 4.0 percent. In March, payrolled employment declined by 18,000 on...