Economy : Page 891

Hong Kong inflation rate at 8-month high

March 24, 2016 Consumer prices in Hong Kong increased 3.1 percent year-on-year in February of 2016, compared to 2.7 percent growth in the previous month.

Brazil has lost 104,600 jobs in February

March 24, 2016 The deterioration of the economic downturn was responsible for February to register the highest decline of formal jobs in 25 years.

Italy leading among Azerbaijan’s foreign trade partners

March 24, 2016 Italy ranked first in the list of Azerbaijan’s foreign trade partners in January-February 2016, according to the Azerbaijani State Customs Committee.

Ireland output prices fall for first time in 17 months

March 24, 2016 Ireland's factory gate prices fell for the first time in seventeen months in February, figures from the Central Statistics Office showed.

Eurozone growth turns higher for first time in three months

March 24, 2016 The Eurozone economy regained some momentum at the end of the first quarter, expanding at the fastest rate since December.

Brazilian Central Bank: Inflation will converge to 4.5%

March 23, 2016 The president of the Brazilian Central Bank (BC), Alexandre Tombini, said that the BC will not shy away” of taking measures to make the inflation rate converge to the center of the target in 2017.

Solid service sector growth, slowing manufacturing in Germany

March 23, 2016 The latest survey data signalled a continuation of output growth at German private sector companies at the end of the first quarter.

Taiwan's February export orders fall less than forecast

March 23, 2016 Taiwan’s export orders decreased at a slower-than-expected pace in February, data from the Ministry of Economic Affairs showed.

Algeria’s trade balance deficit up 161%

March 23, 2016 Algeria’s trade balance rose sharply in the first two months of the year. The deficit went from $1.273 billion in the first two months of 2015 to $3.326 billion in the same period in 2016.

Germany's IFO business climate index bounces back in March

March 23, 2016 Business confidence in Germany bounced back in Germany in March after a dip the previous month that had worried economists.

Iceland wage growth quickens in February

March 23, 2016 Iceland's wage growth accelerated sharply in February after easing in the previous month, figures from Statistics Iceland showed.

UK inflation remains at low levels

March 23, 2016 UK inflation remained at low levels in February, held back from the slight improvement expected due to falling prices for second-hand cars and bicycles that were offset by rising food prices.