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German consumer confidence edges higher: survey FRANKFURT: Consumer confidence in Germany is edging fractionally higher, driven by rising income expectations, a new poll found on Friday. "Consumer sentiment remained very robust in July," market research company GfK said in a statement. "Despite an escalation in the situation in Israel and Ukraine, German consumers remain optimistic this summer," the statement said."The shooting down of a passenger jet of Malaysia Airlines over east Ukraine also had no impact on consumer confidence," because this month's survey had already largely been completed by that point, GfK said.Of particular note was an increase in income expectations to the highest level since national unification in 1990, GfK continued.At the same time, the German victory in the soccer World Cup championships seems to have had no tangible effect on sentiment, as already widely expected, it added.Looking ahead to next month, GfK's headline household confidence index was forecast to rise to 9.0 points in ...

Japan consumer inflation eases in June TOKYO: Japanese inflation eased in June due to the slowing impact on prices from a sales tax hike and surging imports, official data showed Friday, figures that are likely to stoke renewed questions about Tokyo's war on deflation.The Bank of Japan (BoJ) has set an ambitious 2.0 percent inflation target for next year as part of a wider government push to conquer years of debilitating deflation. The plan has shown signs of working as the ...
Eurozone economy rebounds, but France lags: survey BRUSSELS: The eurozone economy showed signs of a rebound in July after several months of sluggish activity, but France stood out as a laggard, a closely watched survey showed on Thursday."Eurozone growth rebounded in July," the private Markit research group, which published the data, said while warning that the crisis in Ukraine is clouding the outlook.Its set of leading indicators - the purchasing managers' index (PMI) - turned in a figure of 54, above the ...
Japan June exports slide in warning sign for economic outlook TOKYO: Japan's exports unexpectedly fell in June for a second straight month, weighed down by a drop in shipments to Asia and the United States, signalling that weak external demand may require bolder measures from policymakers to sustain the country's economic recovery.Exports fell 2.0 percent in June from a year earlier, compared with a 1.0 percent increase expected by economists in a Reuters poll, data from the Ministry of Finance showed on Thursday.That followed a ...
Spain's economy secretary says could raise growth forecast MADRID: Spain's economy secretary Fernando Jimenez Latorre said on Thursday the government could raise its forecast for economic growth when it prepares next year's budget in September."The government will update its forecasts for the (2015) budget due in September, and everything suggests that economic activity is speeding up and the revision will be upwards," Jimenez Latorre said in a conference.The government currently expects the economy to grow 1.2 percent this year and 1.8 percent in ...
British retail sales edge up in June: data LONDON: British retail sales rose by 0.1 percent in June from the level in May, official data showed on Thursday.Retail sales, a key indicator of household spending confidence, increased by 3.6 percent compared with June 2013, the Office for National Statistics said in a statement.Copyright AFP (Agence France-Presse), 2014 ...
Spain's unemployment crisis eases: official data MADRID: The unemployment rate in Spain fell sharply in the second quarter slipping beneath 25.0-percent, official data showed on Thursday in a further sign that the country is pulling away from deep economic crisis.The rate fell by 1.45 percentage points and the number of people looking for work fell by 310,400, marking the biggest quarterly fall since the series of statistics began, the data showed.This was the first time the rate had been less than ...


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Foreign Debt $60.9bn
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WeeklyJuly 10, 2014
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