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Economy : Page 885

Russia economic report: The long journey to recovery

April 6, 2016
Russia’s anticipated economic recovery has been delayed, and the country continues to adjust to an adverse external environment of lower oil prices and international sanctions.

Business activity in U.S. service sector returns to expansion

April 6, 2016
U.S. service providers signalled a modest rebound in business activity and robust employment growth during March.

Eurozone retail sales beat expectations in February

April 6, 2016
Retail sales in the Eurozone rose more than expected in February, according to data from Eurostat.

Australian retail turnover relatively unchanged in February

April 6, 2016
Australian retail turnover was relatively unchanged (0.0 percent) in February 2016 following a rise of 0.3 percent in January 2016, seasonally adjusted.

UK service sector growth remains sluggish in March

April 6, 2016
UK service sector growth remained sluggish in March as global economic uncertainty and worries about the upcoming EU membership referendum undermined business expectations.

South Korea's Q1 budget spending higher than planned

April 6, 2016
The government of South Korea has completed its planned fiscal spending earmarked for the first three months of the year as part of its efforts to help the sluggish economy, the finance ministry said.

Reserve Bank of Australia decided to leave cash rate untouched

April 6, 2016
The board of Reserve Bank of Australia decided to leave the cash rate unchanged at 2.0 percent.

Spanish treasury places $5.25bn on market at negative rates

April 6, 2016
The Spanish treasury placed treasury bills valued at 4.607 billion euros ($5.25 billion) on the market at negative interest rates and registering a demand of 10.516 billion euros.

Eurozone Composite PMI weaker than expected

April 6, 2016
Markit's final Eurozone composite output index came in at 53.1 in March, below the flash estimate and consensus of 53.7, but a touch higher than February's reading of 53.

Central bank revises up Ireland's 2016 GDP growth forecast

April 6, 2016
The Central Bank of Ireland revised its forecast for the country's 2016 GDP growth to 5.1 percent instead of the previously estimated 4.8 percent rate.

Service sector growth improves at end of opening quarter

April 6, 2016
The rate of expansion in global service sector business activity accelerated slightly in March.

German manufacturing orders plunge unexpectedly

April 5, 2016
German manufacturing orders declined unexpectedly in February, as the economics ministry said that an extremely weak intake of bulk orders weighed on order books.