Mena News

 

  UK’s manufacturing output to grow robustly in coming months
Mar , 24 , 2013  
  UK’s manufacturing output is expected to register strong growth in coming months as per a latest survey by the Confederation of British Industry. The expectations index jumped to 22 in March from 5 in February.
 

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  UK’s budget deficit narrows down in February
Mar , 24 , 2013  
  UK’s budget deficit narrowed more-than-forecasted to GBP2.8bn in February from GBP11.8bn in February 2012.
 

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  UK retail sales grow more than expected
Mar , 24 , 2013  
  Retail sales in the UK increased 2.1% MoM in February following a 0.4% MoM rise in January. Meanwhile, retail sales, excluding auto fuel, advanced 1.9% MoM after expanding 0.6% MoM in the previous month.
 

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  Cyprus approves capital control and bank restructuring plans
Mar , 24 , 2013  
  Cyprus’ parliament approved capital controls and bank restructuring plans in a bid to receive the bailout fund of EUR10bn.
 

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  Eurozone’s private sector continues to deteriorate
Mar , 24 , 2013  
  The private sector continued to worsen with the Purchasing Manager’s Index dropping to 46.5 in March from 47.9 in February, while the market forecasted the index to rise to 48.2.
 

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  Jobless claims rise in the US
Mar , 24 , 2013  
  Initial jobless claims increased by 2,000 to 336,000 in the week ended March 16, 2013 from the previous week’s figure of 334,000. The market estimated claims to rise to 340,000 from the originally reported 334,000 for the prior week.
 

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  Existing home sales increase modestly in the US
Mar , 24 , 2013  
  Existing home sales in the US climbed 0.8% to a seasonally adjusted annual rate of 4.98mn in February from 4.94mn (revised) in January, reaching the highest level since November 2009. Market expected sales to rise to an annual rate of 5.01mn from 4.92mn originally reported for January.
 

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  HK records 2.5% GDP growth in Q4-12
Mar , 20 , 2013  
  Hong Kong's overall Gross Domestic Product (GDP) increased by 2.5 percent in real terms in the fourth quarter of 2012 over a year earlier, compared with the 1.4 percent increase in the third quarter of 2012, Xinhua reported citing the city's Census and Statistics Department. For 2012 as a whole, GDP increased by 1.4 percent in real terms over 2011, according to the figures released by the department.
 

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  Japan’s leading index increases, albeit less than expected
Mar , 20 , 2013  
  A leading indicator in Japan rose for the second consecutive month in January, albeit less than expected. The index climbed to 95.0 from 92.8 in December, while the market predicted a reading of 96.3.
 

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  Germany’s economic sentiment rises to three-year high
Mar , 20 , 2013  
  Economic confidence in Germany improved unexpectedly for the fourth consecutive month in March to the highest level in almost three years. The ZEW indicator of economic expectations rose to 48.5 in March from 48.2 in February, reaching the highest level since April 2010.
 

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