Economy : Page 839

Russia’s trade balance surplus down 48.9% in Jan-May

June 28, 2016 Russia’s trade balance surplus has decreased 48.9% to $38.5 billion in Jan-May 2016, according to the January-May 2016 report by the Economic Development Ministry.

Mortgage lending in UK resilient in May but likely to fall

June 28, 2016 Mortgage lending remained resilient in May as banks and building societies lent more than in April and than in May last year.

U.S. service sector growth remains subdued in June

June 28, 2016 June data highlighted another subdued month for the U.S. service sector, with activity growth remaining marginal and job creation easing to its least marked for a year-and-a-half.

Retail trade index in Italy increased 0.1%

June 28, 2016 In April 2016 the seasonally adjusted retail trade index in Italy increased by 0.1% with respect to March 2016 (+0.2% for food goods and 0.0% for non-food goods).

Retail sales in Hungary increased 5%

June 28, 2016 In April 2016, the volume of sales in Hungarian retail shops increased by 5% according to raw data compared to the same period of the previous year.

Dutch economic growth 0.5 percent in Q1

June 28, 2016 The second estimate on economic growth released by Statistics Netherlands (CBS) shows that the Dutch economy grew by 0.5 percent in Q1 2016 relative to Q4 2015.

Overseas spending by Brazilians in May lowest since 2009

June 27, 2016 Spending by Brazilians in trips to foreign countries amounted to $1.113 billion in May of this year, the Brazilian Central Bank reported.

The number of employment insurance beneficiaries in Canada decreased

June 27, 2016 In April, 538,400 people received regular Employment Insurance (EI) benefits, down slightly from the previous month (-4,900 or -0.9%).

Net lending of Portuguese economy 1% of GDP in Q1

June 27, 2016 The Portuguese economy registered a net lending of 1% of GDP in the year ending in the first quarter 2016, less 0.1 percentage points than in the previous quarter.

Brexit to cut South Korea's economic growth

June 27, 2016 Foreign investment banks expect South Korea's economic growth will be cut by up to 0.3 percentage point this year due to Britain's decision to leave the European Union (EU), data showed.

Long-term initial maturities largely prevail among EU states

June 27, 2016 With slightly more than a quarter (27%) of total government debt having a term below one year, Sweden registered in 2015 the highest proportion of short-term initial maturities of debt among the member states.

Real earnings in Germany increased 2.6% in Q1

June 27, 2016 According to the results of the quarterly survey of earnings, the index of real earnings in Germany rose 2.6% in the first quarter of 2016 year on year.