Mena News

 

  Spainís producer price inflation reaches new low
Mar , 26 , 2013  
  Producer price inflation in Spain touched a three-year low in February due to a slowdown in energy cost. Producer prices increased 2.1% YoY, after rising 2.6% YoY in January, marking the slowest growth since February 2010.
 

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  Spainís producer price inflation reaches new low
Mar , 26 , 2013  
  Producer price inflation in Spain touched a three-year low in February due to a slowdown in energy cost. Producer prices increased 2.1% YoY, after rising 2.6% YoY in January, marking the slowest growth since February 2010.
 

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  Italyís consumer confidence deteriorates
Mar , 26 , 2013  
  Consumer confidence in Italy deteriorated in March, with the related index declining to 85.2 from 86.0 in February. Meanwhile, the economic climate index decreased to 68.8 from 72.7. Similarly, the current climate index declined to 89.2 in March from 91.1 the previous month.
 

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  UK mortgage lending declines
Mar , 26 , 2013  
  Mortgage approvals for house purchases in the UK fell to 30,506 in February from 31,983 in January. The market expected the approval figure to rise to 33,500. Meanwhile, the value of mortgages approvals decreased to GBP4.7bn from GBP4.8bn in January.
 

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  UK house prices rise at fastest rate in three years
Mar , 26 , 2013  
  House prices in the UK increased at the fastest rate in March since 2010. This is ascribed to 19% growth in demand over the past two months, outpacing the 13% growth in supply of houses during the same period. House prices in London rose 0.7% MoM, the largest increase seen in three years. Overall, house prices in England and Wales were up 0.3% MoM.
 

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  Gold ends lower on Cyprus crisis
Mar , 24 , 2013  
  Gold futures ended lower on Friday due to pressure from the ongoing crisis in Cyprus and a weakening dollar. Gold futures for delivery in April fell USD7.70, or 0.5%, to end at USD1,606.10 an ounce on the Comex division of the NYMEX.
 

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  Industrial activity in Japan declines more than expected
Mar , 24 , 2013  
  Japan's overall industry activity fell 1.4% MoM in January, reversing the 1.6% MoM rise witnessed in the previous month. The market expected a decline of 1.3% MoM.
 

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  Recovery in Chinaís manufacturing sector
Mar , 24 , 2013  
  China's manufacturing sector expanded at a faster rate in March after declining in February. The Markit/HSBC Purchasing Managerís Index stood at 51.7 in March, up from 50.4 in February, while the market was expecting a rise to 50.8.
 

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  Franceís manufacturing sector contracts at a faster pace
Mar , 24 , 2013  
  Franceís manufacturing sector deteriorated at a faster pace in March, with the Purchasing Managerís Index remaining unchanged at 43.9 compared to the market expectations of 44.2.
 

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  Germanyís private sector grows at a slower pace in March
Mar , 24 , 2013  
  Growth in private sector output was lower with the flash composite output index coming in at 51 in March vis-ŗ-vis 53.3 in February. The service activity index fell to 51.6 from 54.7, while the manufacturing activity index declined to 48.9 from 50.3 during the same period.
 

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