Economy : Page 893

Abu Dhabi inflation grows to 3.4 percent y-o-y in February

March 21, 2016 Statistics Center - Abu Dhabi released a new issue of its monthly report on the consumer price index (CPI) and the inflation rate in the Emirate of Abu Dhabi for February 2016.

Outlook for British economy, public finances 'materially weaker'

March 21, 2016 The Office for Budget Responsibility (OBR) revealed a weaker economic outlook for the British economy as it published the statistics used by the UK finance minster in his budget.

Financial outlook in UK strongest since January 2015

March 19, 2016 Financial pressures remained relatively subdued in March, according to latest data collected from UK households.

Hourly labor costs rise in eurozone in Q4 2015

March 19, 2016 Hourly labor costs rose both in the 19-nation eurozone and in the wider European Union (EU) in the last quarter of 2015, the EU statistical office Eurostat said.

Increased domestic spending demonstrates resilience of UAE economy

March 19, 2016 According to a report on consumer spends for 2015 by Network International, domestic spends have increased 13% over 2014, while overall card spends in the UAE grew by 9% over 2014.

Producer prices in Germany down 3% in February

March 19, 2016 In February 2016 the index of producer prices for industrial products fell by 3% compared with the corresponding month of the preceding year. In January 2016 the annual rate of change all over had been –2.4%.

Indonesia cuts interest rates third time this year

March 19, 2016 Indonesia's central bank cut its interest rates for a third time this year in a bid to boost growth and said there was more room for reducing them amid easing inflationary pressures and less global uncertainty.

Conference Board LEI for U.S. increased slightly

March 18, 2016 The Conference Board Leading Economic Index (LEI) for the U.S. increased 0.1 percent in February to 123.2 (2010 = 100).

Conference Board Leading Economic Index for U.K. increased

March 18, 2016 The Conference Board Leading Economic Index (LEI) for the U.K. increased 0.2 percent in January to 113.8 (2010=100).

Germany records 15-year-strong consumption growth in 2015

March 18, 2016 Fueled by a favorable shopping environment, German consumers' spending in 2015 grew faster than any year else in the past 15 years.

U.S. consumer prices decline less than expected in February

March 18, 2016 The cost of living in the United States decreased by less than expected last month, but a key gauge of price pressures printed ahead of forecasts.

Norway central bank cuts rates to record low

March 18, 2016 Norway's central bank slashed its key interest rate, citing the weaker economic outlook, and said that the rate may be cut further this year to as low as zero.