The number of new approvals for building in Australia surged 9.9% in May of the current year on a monthly basis, reaching as much as 16,425. Analysts predicted a slight 3.2% increase of the indicator after a 5.8% drop in April. At the same time, year-on-year approvals climbed 14.3%, which also topped economists' predictions of 8%. The value of approved
The central bank of Sweden decided to decrease the main interest rate after the meeting on Thursday, pointing on a quite high deflation probability in the biggest economy of Scandinavia, despite an advance in economic activity. The Rijksbank trimmed the key rate to 0.25% versus previous 0.75%. However, economists predicted a slower decline in the rate of 25 basis points
Activity in the service sector of China climbed considerably in June of this year, while government is supporting economy with attractive monetary and fiscal policies. The benchmark PMI Index from the HSBC bank surged to 53.1 points last month versus 50.7 in May. The reading was the biggest since March 2013. Indicator above 50 points implies a rise in sector's
Car sales in the United States continue to increase, while low interest rates on financial markets and the economic recovery make it attractive for people to buy durable goods. The number of new registered cars in the country jumped 1.2% and reached 1.4 million units in June. In January-June period sales rose 4.3%. Among leaders, Chrysler, Nissan, Toyota, Fiat and
The total number of registered unemployed people in Spain slipped considerably in June of this year on a monthly basis, pointing on strengthening economic recovery in the country. The number of jobseekers plummeted 122,684 month-on-month and 313,979 on the annual basis. At the same time, the employment level in Spain rose as much as 1.8% to 16.68 people during the
Housing prices in the United Kingdom jumped 12% during the last year and reached the highest level since 2007, when the pre-crisis peak was marked. While the Bank of England tries to cool the increase in prices, London property became 26% more expensive in June on the annual basis, the biggest advance since 1987. Therefore, the average house price surpassed
7月1日，央行持续开展于6月底暂歇的正回购，而利率保持在4%，而此举动并没有按照一些市场人士估计的本周二重启逆回购的预期。季末揽存后，7月补缴存准金奖一定程度上冲击资金面。一部分市场人士预计下半年将有较大可能重启逆回购。
The unemployment level in the Eurozone remained unchanged in May of this year, as the currency bloc countries are still trying to decrease indebtness of their economies. The unemployment rate stood at 11.6% level, however, the data for April has been revised positively, down from 11.7%. The results fully matched forecasts of economists, surveyed by Bloomberg.
Manufacturing sector of the United Kingdom showed a considerable increase in activity during the previous month, as the benchmark PMI Index for the industrial sector climbed to 57.5 points in June, up from 57 points a month before. The official data also registered a strong advance in a number of manufacturing orders, which have been at the highest level since
Activity in the manufacturing sector of Chinese economy jumped in June of the current year, while the growth reached the highest level this year amid a broad government support in order to avoid the slowdown. The benchmark PMI Index, which evaluates the activity of this sector in China's economy, advanced to 51 points in June, while economists waited for a
The consumer price index in the single currency area remains far below the ECB target level of 2%, as the regulator introduced a number of new policy measures to keep prices growing and avoid deflation risks. In June the inflation level in the Eurozone reached 0.5%, down from 0.6% a month before. According to the data, only the service sector
On Tuesday, the Reserve Bank of Australia decided to keep the monetary policy course unchanged. The benchmark cash rate has been held at the previous level of 2.5%. Therefore, the RBA is now maintaing the main interest rate for ten meetings in a row. According to the RBA officials, the current economic growth and inflation in Australia perfectly fit the
The total number of new housing starts in the third economy of the world plummeted considerably in May of this year. According to the data from the Ministry of Infrastructure, Land, Transport and Tourism, housing starts declined 15% on the annual basis and reached 872,000, while economists forecasted a 10.5% decrease. At the same time, in April the indicator fell
The volume of retail sales in Germany, the largest economy of the Eurozone, surprisingly slipped 0.6% in May of the current year on a monthly basis, while analysts predicted them to add 0.8%. Moreover, the data for April has been revised to the downside, showing a 1.5% decline. Therefore, sales in Germany drop for a third month in a row.
Manufacturing production in Japan increased in May of this year, even though the government raised the sales tax in the country one month before. Analysts say that producers are getting used to the new reality. Industrial output added 0.5% on a monthly basis, however, experts predicted the indicator to advance 0.9%. In April, in turn, manufacturing in the country slipped
Stock market in Europe opened with an increase in value on the first trading day of the new week, while investors are waiting for housing data in the U.S. Among leaders, Royal Philips NV added 3% after announcement that the company will merge together its automotive-lighting and LED-component businesses. The Europe Stoxx 600 Index rises 0.3% to 342.92 points in
The total number of unemployed people in France reached the new highest level in May of 2014, namely 3.38 million. It means a 0.7% or 24,800 increase on a monthly basis. At the same time, data from the International Labour Organization shows that the jobless rate in France was unchanged in the Q1 at 10.1%, which is still close to
The average spending of Japanese households declined noticeably in May of the current year, slipping by 8.0% on the annual basis and reaching 271,411 yen. Consumption expenditures in May plunged 8.8%. Analysts point on the negative effect from the rise of sales tax in April. They also expected much smaller fall in spending, only by 2.1% in May after April's
Unemployment level in Japan surprisingly declined in May of this year and reached the 3.5% level, despite concerns the increase of the sales tax will cut economic activity and negatively influence the labor market. Economists, in turn, expected the jobless rate to stay unchanged from April's level on 3.6%. During the year, the total number of unemployed people in the
The Bank of England decided to implement new rules for mortgages in the country in order to prevent the property market from further strong price increases and limit the negative effect on the economy in the future. As planned, from October the U.K. banks will be allowed to have not more than 15% of new mortgages, the volume of which
Economic decline in the United States in the first three months of this year was revised strongly to the downside, as the country's GDP slipped 2.9% on the annual basis. Previous expectations showed a 1% decline. Therefore, it was the most radical data revision since 1976. Analysts explain the decrease by fall in healthcare spending, while orders for durable goods
European equity markets opened with little changes on Thursday, showing a slight increase, while economists are waiting for jobless claims data from the U.S. Yesterday, the revised data showed the U.S. economy plunged 2.9% in Q1. The benchmark continental Europe Stoxx 600 Index added 0.1% to 342.23 points by 8:45 GMT in London, reversing the decline of last days.
Consumer confidence in Germany climbed to its largest level since December 2006, helped by attractive policies from the ECB and the government. Germans become more upbeat in terms of economic prospects for the country. The GfK Index, based on survey of 2,000 people, jumped to 8.9 points in July of the this year, up from 8.6 in June. Economists, in
The Prime Minister of Japan Shinzo Abe announced on Tuesday that the long-term deflation period in the country has come to the end, helped by broad monetary easing, as well as the growth strategy and attractive fiscal policy to encourage investment. Among further stimulus measures, the government plans to cut business tax, liberalize trade and reduce several barriers in agricultural