Economy : Page 836

Saudi economic growth slowest in three years

July 4, 2016 Saudi Arabia's economy expanded at its slowest rate in three years during the first quarter of 2016 as low oil prices forced the government to cut spending and raise costs for industry.

Sri Lanka trade deficit widens 20.2 percent in March

July 4, 2016 Sri Lanka's trade deficit widened 20.2 percent to $620.7 million in March 2016 from $516.2 million a year earlier, according to the Central Bank data released in its External Sector Performance Review.

Brazil trade surplus narrows 12% yoy in June

July 2, 2016 Brazil recorded a $3.97 billion surplus in June of 2016, down 12.3 percent from a year earlier, in line with market expectations.

Swiss retail sales fall at slower rate in May

July 2, 2016 Swiss retail sales continued to decline in May, though at a slower pace than in the previous month, preliminary figures from the Federal Statistical Office showed.

South Korea inflation rate steady at 0.8% yoy in June

July 2, 2016 Consumer prices in South Korea rose 0.8% year-on-year in June of 2016, the same pace as in May and matching market expectations.

British manufacturing sector expands most in 5 months

July 2, 2016 The British manufacturing sector logged a moderate improvement in June, driven by solid acceleration in new work and output, results of a survey, which received almost all responses ahead of the "Brexit" vote, showed.

Euro area unemployment falls to 10.1 percent

July 2, 2016 The euro area (EA19) seasonally-adjusted unemployment rate was 10.1% in May 2016, down from 10.2% in April 2016 and from 11.0% in May 2015.

Manufacturing sector expanded in June for fourth month

July 1, 2016 Economic activity in the manufacturing sector expanded in June for the fourth consecutive month, while the overall economy grew for the 85th consecutive month.

Comerica Bank's Michigan Index ticks up

July 1, 2016 Comerica Bank's Michigan Economic Activity Index climbed 1.9 percentage points in April to a level of 129.1.

Mexico central bank raises rate aggressively

July 1, 2016 Mexico's central bank aggressively raised its key interest rate more than expected on Thursday in a bid to support the peso and calm concerns that currency weakness could inflame inflation.

U.S. weekly jobless claims rise from nearly two-month low

July 1, 2016 Reflecting a rebound from a nearly two-month low, the Labor Department reported that first-time claims for U.S. unemployment benefits rose by a little more than expected in the week ended June 25.

Chicago business barometer indicates stronger than expected growth

July 1, 2016 With new orders and production showing significant rebounds, MNI Indicators released a report showing that Chicago-area business activity grew much faster than anticipated in the month of June.