Economy : Page 874

UK GDP is estimated to have increased by 0.4%

April 27, 2016 UK GDP is estimated to have increased by 0.4% in Quarter 1 (January to March) 2016 compared with growth of 0.6% in Quarter 4 (October to December) 2015, The Office for National Statistics said.

U.S. durable goods orders increased 0.8% in March

April 27, 2016 New orders for U.S. manufactured durable goods increased 0.8 percent in March from February of 2016, rebounding from an upwardly revised 3.1 percent fall in the previous period.

Brazil sees biggest March unemployment growth in 25 years

April 27, 2016 Brazil saw a total loss of 118,776 formal jobs in March, the largest monthly fall in 25 years for the same month, according to statistics released by the Ministry of Labor.

Hong Kong trade gap at 15-month high, exports down 7%

April 27, 2016 Hong Kong trade deficit widened 1.8 percent year-on-year to HKD 47.03 billion in March of 2016 as exports fell more than imports.

U.S. consumer confidence dips in April

April 27, 2016 U.S. consumer confidence fell in April, missing economists' expectations, according to data from the Conference Board.

Mexico trade surplus narrows in March

April 27, 2016 Mexico trade balance recorded a surplus of $155 million in March of 2016 down 67 percent from a $470 million surplus year earlier as exports fell more than imports.

South Korean GDP growth weakest since Q3 2015

April 27, 2016 The South Korean GDP expanded 2.7 percent year-on-year in the first quarter of 2016, slowing from a 3.1 percent growth reported in the previous three months, preliminary estimates showed.

Markit's U.S. services PMI weaker than expected

April 27, 2016 Data from Markit pointed to a modest rebound in business activity across the US service economy in April.

Hungary's central bank cuts interest rates

April 27, 2016 Hungary's currency strengthened following the central bank's decision to cut interest rates, with analysts forecasting further reductions.

Brazil’s federal public debt increased 2.38% in March

April 26, 2016 Brazil’s Federal Public Debt (FPD) grew 2.38% in March from February, from BRL 2.819 trillion to BRL 2.886 trillion ($789 billion to $807.7 billion).

Spanish industrial prices rise in March

April 26, 2016 Spanish industrial prices rose in March as energy prices pushed higher, but upwards pressures were muted in the rest of sectors.

German business morale dips in April

April 26, 2016 German business morale unexpectedly dipped in Apri with global growth concerns prompting companies to tone down a generally optimistic outlook.