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Economy : Page 864

U.S. business inventories grow more quickly than expected

May 13, 2016
Inventories held by U.S. businesses grew by 0.4% month-on-month in March to reach $1.82 trillion, according to the U.S. Department of Commerce.

U.S. retail in April posts largest gain in a year

May 13, 2016
The Commerce Department said U.S. retail sales in April increased 1.3%, which is the biggest gain posted since March 2015.

UK construction output falls sharply in April

May 13, 2016
Construction output in the UK fell more than expected in March.

Prices for manufactured goods weigh on French CPI in April

May 13, 2016
The cost of living in France declined at a quicker pace in April as a drop in the prices of manufactured goods offset increases in the energy and services space.

Bank of England leaves rates at record low of 0.5%

May 13, 2016
The Bank of England Monetary Policy Committee voted unanimously to maintain the Bank Rate at 0.5 percent and leave the stock of purchased assets at £375 billion on May 12th, 2016 as widely expected.

U.S. jobless claims reach 15-month high

May 13, 2016
The number of Americans filing for unemployment benefits increased by 20,000 to 294,000 in the week ended May 7.

India inflation rate accelerates more than expected

May 13, 2016
Consumer prices in India went up 5.39 percent year-on-year in April of 2016, accelerating from a 4.83 percent rise in the previous month and higher than market expectations of 5 percent.

Russia trade surplus below expectations in March

May 13, 2016
Russia's trade surplus decreased by 51 percent to $7.7 billion in March of 2016, from a $15.8 billion surplus a year earlier and below market expectations of $8.5 billion.

Irish consumer prices fall 0.1% in April

May 13, 2016
Irish consumer prices decreased by 0.1 percent year-on-year in April of 2016, easing from a 0.3 percent drop in the previous month.

Eurozone industrial output falls sharply again

May 13, 2016
Eurozone industrial output fell sharply for the second straight month in March, an indication that the currency area's economic recovery is likely to remain modest despite a firmer start to the year.

Canada's GDP expanded by 0.9 percent

May 12, 2016
Canada's economy expanded by 0.9 per cent last year, but there were wide differences across the country.

Egypt surpasses South Africa as 2nd largest economy in Africa

May 12, 2016
Egypt has surpassed South Africa as the second largest economy in Africa, said the International Monetary Fund (IMF) in its latest World Economic Outlook.
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