Economy : Page 875

March storm in Ontario tops $25m in insured damage

April 26, 2016 Insurance Bureau of Canada (IBC) reports that the cost of insured damage caused by the ice storm that swept through Southern Ontario between March 23-26 is estimated at more than $25 million.

Alaska consumer confidence falls to a five-year low

April 25, 2016 Alaska consumer confidence fell to a five-year low in the first quarter of 2016 as the state continued to grapple with a weak oil sector, budget cuts and doubt about whether lawmakers can avert a fiscal crisis.

Philly Fed index unexpectedly returns to negative territory

April 25, 2016 After reporting an unexpected expansion in regional manufacturing activity in the previous month, the Philadelphia Federal Reserve report showed that activity unexpectedly pulled back into contraction in April.

Sweden's central bank keeps negative interest rate unchanged

April 25, 2016 Sweden's central bank expanded its asset purchase programme and kept its negative interest rate unchanged to take on the risk of currency appreciation and cool inflation.

U.S. leading economic index rises less than expected

April 25, 2016 The Conference Board released a report showing a smaller than expected increase by its index of leading U.S. economic indicators in March.

China adds 3.18 million jobs in first quarter

April 25, 2016 China's Ministry of Human Resources and Social Security said that nonfarm payroll employment increased to 3.18 million in the first quarter.

Spain trade deficit at 7-month low

April 25, 2016 Spanish trade gap narrowed 13.6 percent year-on-year to €1.76 billion in February of 2016 as exports increased faster than imports.

Economists trim the Philippines' inflation forecast to 1.9%

April 25, 2016 The Bangko Sentral ng Pilipinas (BSP) said the results of a March survey of economists "yielded lower mean inflation forecasts" for 2016 relative to the December 2015 survey.

Abu Dhabi's annual inflation rate for Q1 3.2%

April 25, 2016 The inflation rate in the Consumer Price Index (CPI) in the Emirate of Abu Dhabi for the first quarter of 2016 was 3.2%.

Canada inflation rate down to 5-month low

April 25, 2016 Consumer prices in Canada increased by 1.3 percent on the year in March 2016, slowing from a 1.4 percent growth in the previous month.

Dutch consumer confidence turns from negative to positive

April 25, 2016 According to Statistics Netherlands (CBS), the consumer confidence indicator has risen by 5 points, from - 4 in March to + 1 in April.

Taiwan inward investment from Mainland China up 69.65%

April 23, 2016 According to the statistics of Investment Commission of the Ministry of Economic Affairs, 741 foreign direct investment (FDI) projects with a total amount of $1,255,064,000 were approved from January to March 2016.