Economy : Page 843

UBS says China is stabilizing its economy

June 21, 2016 A slew of official data points to the stabilizing Chinese economy, and slower growth could prompt additional policy support, UBS said.

Euro area job vacancy rate up to 1.7%

June 21, 2016 The job vacancy rate in the euro area (EA19) was 1.7% in the first quarter of 2016, up from 1.6% in both the previous quarter and the first quarter of 2015, according to Eurostat.

Japanese exports decline by more than expected in May

June 21, 2016 Japan's trade with the rest of the world was weaker than expected in May, with exports to China, Europe and the U.S. all flagging.

Euro area construction output slipped in April

June 21, 2016 Construction output in the euro area dropped by 0.2% month-on-month in April, following a fall of 0.7% in February and a slide of 1.0% in March, according to Eurostat.

German accommodation and food service activities up 4.9%

June 20, 2016 As reported by the Federal Statistical Office (Destatis), turnover in the German accommodation and food service activities in April 2016 increased by 4.9% in real terms.

Spain trade deficit falls 71.7 percent in April

June 20, 2016 Spain's trade deficit dropped 71.7 percent in April from a year earlier to 637.3 million euros.

Italian consumer price down 0.3% on monthly basis

June 20, 2016 In May 2016 the Italian consumer price index for the whole nation (NIC) increased by 0.3% on monthly basis and declined by 0.3% with respect to May 2015, up from -0.5% in April 2016.

Good news from EU28: Account surplus €13.4 billion

June 20, 2016 The EU28 seasonally adjusted current account of the balance of payments recorded a surplus of €13.4bn in April 2016, compared with surpluses of €17.6bn in March 2016 and €13bn in April 2015.

Irish central bank sees mortgage limits as permanent feature

June 20, 2016 Ireland's Central Bank expects to make permanent controversial loan-to-value and loan-to-income limits on mortgage lending introduced last year, though the levels may be calibrated, the deputy governor said.

Unemployed youth is huge problem in Europe

June 20, 2016 Across the European Union, people aged 15 to 25 are most likely to be unemployed.

Good monsoon to push India's GDP growth to 8% in FY17

June 20, 2016 Economic Affairs Secretary Shaktikanta Das expressed hope that the likely passage of Goods and Services Tax (GST) bill in Parliament would further add to the business sentiment, fuelling growth.

Annual growth in labour costs up to 1.7% in euro area

June 18, 2016 Hourly labour costs rose by 1.7% in both the euro area (EA19) and the EU28 in the first quarter of 2016, compared with the same quarter of the previous year.