Economy : Page 850

Activity rate for non-EU citizens lower than for nationals

June 7, 2016 In 2015 in the European Union (EU), the proportion of people economically active (employed and unemployed) stood just below 70% for non-EU citizens aged 20 to 64 (69.8%).

U.S. consumer spending remains healthy in May

June 7, 2016 Americans' daily self-reports of spending averaged $93 in May, similar to the average $95 in April as well as in May 2015 ($91).

India maintains key rate at 5-year low

June 7, 2016 India's central bank maintained its key interest rate unchanged at a 5-year low but suggested that monetary policy stance remains accommodative.

Euro area investor confidence hits six-month high in June

June 7, 2016 Investors grew more confident about the prospects for the Eurozone and the global economy in June, according to the results of a widely-followed survey.

Manufacturing orders in Germany fell in April

June 7, 2016 Manufacturing orders in Germany fell much more than expected in April, according to figures released by Destatis.

Dutch economy expected to grow 1.8 percent in 2016

June 7, 2016 The Dutch economy is expected to grow by 1.8 percent this year and by 2.1 percent in 2017, the Netherlands Bureau for Economic Policy Analysis (CPB) announced in its projections published.

Yellen shows confidence on U.S. economy

June 6, 2016 The economic expansion in the U.S. is expected to continue, with the labor market improving further, GDP growing moderately and inflation moving up to 2 percent over the next couple of years.

U.S. economy to continue growing, justifying further tightening

June 6, 2016 The sharp slowdown in hiring Stateside in May did not fit in well with recent retail sales data showing a "snap back" in consumption, a top U.S. central bank official said.

Japan PMI point to second quarter economic decline

June 6, 2016 The Nikkei PMI data for Japan, compiled by Markit, cast doubt on Japan's ability to continue growing after a surprisingly buoyant start to the year.

UAE’s non-oil private sector output surges to 8-month high

June 6, 2016 The UAE’s non-oil private sector output surged to an eight-month high last month, according to the Emirates NBD Purchasing Managers’ Index (PMI).

Retail sales increased 2.9 percent in Portugal

June 6, 2016 Portugal has seen retail sales rise by an annualised 2.9 percent in April against an average of 1.4 percent in the Eurozone and 2.4 percent in the European Union.

Russia's service sector slows in May from April

June 6, 2016 Russia's services sector continued expanding in May but the pace of growth slowed from the three-year high reached in April, a Markit survey of purchasing managers showed.