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Economy : Page 867

Kazakhstan cuts rates due to risks of higher inflation

May 9, 2016
Kazakhstan's central bank cut its key interest rate for the first time since introducing it last year.

Taiwan's service sector remains slow in March

May 9, 2016
The local service sector remained in the doldrums in March, with the index that gauges the climate of the sector pointing to a slowdown.

March Philippine factory output likely slowed to 5.1%

May 9, 2016
The growth of the Philippine factory output likely slowed to 5.1 percent in March after registering 8.4 percent growth in February, the economic research arm of Moody’s Investors Service said.

Kenyan private sector expansion regains momentum

May 9, 2016
April data pointed to a rebound in growth of Kenya’s private sector, following a substantial slowdown at the end of the first quarter.

Smallest U.S. job gains in seven months

May 7, 2016
The U.S. economy added the fewest number of jobs in seven months in April and Americans dropped out of the labor force.

Downturn in South Africa’s private sector continues

May 7, 2016
Latest survey results highlighted a slight slowing in the pace at which South Africa’s private sector contracted at the start of the second quarter.

Austria's unemployment continues upward trend in April

May 7, 2016
The Austrian unemployment rate has continued on its upward trend through April with 1.1 percent more people without work year-on-year, the Public Employment Service Austria (AMS) said.

Service sector activity contracts in Japan

May 7, 2016
Latest survey data pointed to a slight deterioration of Japanese service sector output. Business activity decreased for the first time since March 2015, although new orders were broadly stable.

Eurozone retail PMI drops to 14-month low in April

May 7, 2016
Retail sales fell in the euro area at the start of the second quarter, according to Markit’s Eurozone Retail PMI, which tracks retail sector performance across Germany, France and Italy.

U.S. consumer credit surges at fastest pace since 2001

May 6, 2016
Borrowing by U.S. consumers ballooned in March at the fastest pace in more than a decade.

Marginal growth of sales in Germany at start of Q2

May 6, 2016
German retailers reported a marked slowing in the rate of growth in month-on-month sales in April.

Spanish industrial production beats forecasts in March

May 6, 2016
Spain's industrial production rebounded in March, led by a jump in energy output. Total output increased by 1.2% month-on-month, according to the country's statistics office.
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