2008-09
12 10:07:15
1
S.Korea domestic demand recovery likely in H1 2009
SEOUL, Sept 12 (Reuters) - Weak domestic demand is the South Korean economy's core problem but lower oil prices mean it could start to recover by the first half of 2009, much earlier than expected, a top presidential adviser said on Friday.
2008-09
12 10:02:46INSTANT VIEW 1-Euro zone industry output falls in July
- Sept 12 (Reuters) - Industrial output in the euro zone fell by more than forecast in July, dipping 0.3 percent month-on-month and down 1.7 percent year-on-year, European Union statistics office Eurostat said on Friday.
2008-09
12 10:01:50TABLE-Euro zone Q2 employment up 0.2 pct q/q
- Sept 12 (Reuters) - The European Union statistics office on Friday released the following data on euro zone and European Union employment.
2008-09
12 10:00:17Italy July output falls 1.1 pct, more than expected
ROME, Sept 12 (Reuters) - Italian industrial output fell a steeper than expected 1.1 percent in July from the month before, the third drop in a row, getting the third quarter off to a bad start for Italy's ailing economy, data showed on Friday.
2008-09
12 09:33:23INTERVIEW1-Kazakh govt plans $1 bln bad loan buyout
ALMATY, Sept 12 (Reuters) - The government of Kazakhstan plans to set up a distressed asset fund, which will buy out up to $1 billion in bad loans from banks, the head of the country's financial regulator told Reuters.
2008-09
12 09:15:56
1
Sweden's anaemic Q2 GDP revised down slightly
STOCKHOLM, Sept 12 (Reuters) - Sweden's economic growth rate has been revised down slightly to show a meagre annual gain of 0.6 percent for the second quarter of this year, data from the country's statistics office showed on Friday.
2008-09
12 09:06:21WRAPUP 1-Europe's finance ministers downbeat at key meet
NICE, France, Sept 12 (Reuters) - European finance ministers struck a gloomy note on Friday as they met to discuss a U.S.-led downturn that has pushed the euro zone to the brink of recession -- something they dismissed as implausible only months ago.
2008-09
12 09:02:41TABLE-Czech July C/A posts CZK 0.31 bln deficit
- Sept 12 (Reuters) - The Czech National Bank (CNB) released the following balance of payments data for July on Friday: CZECH BALANCE OF PAYMENTS 07/08 06/08 07/07 01-07/08 I. CURRENT ACCOUNT -0.31 -40.87 -10.23 -32.51
Trade balance 10.16 18.22 1.92 93.32
Balance of services 5.36 5.78 5.08 48.25
Income balance -11.66 -63.55 -14.97 -172.64
Current transfers -4.17 -1.32 -2.26 -1.44 II. CAPITAL ACCOUNT 0.55 2.30 2.62 20.28 III. FINANCIAL ACCOUNT 4.78 56.88 -6.44 34.29
Net Direct Investment 15.89 25.35 19.23 95.76
Czech abroad -1.36 0.52 -0.82 -11.52
Into Czech Republic 17.25 24.84 20.05 107.28
Net Portfolio Investment 15.45 42.33 -9.95 41.72
Assets 1.95 -7.18 -5.32 -15.41
Liabilities 13.50 49.51 -4.63 57.13
Other Investments -27.14 -10.28 -7.22 -66.88
Change in foreign exchange
reserves (minus = growth) 0.59 -0.53 -0.58 -36.32 IV. BALANCE OF OMISSIONS &
EXCHANGE RATE ADJUSTMENTS -5.02 -18.31 14.05 -22.06
NOTE. Analysts polled by Reuters had forecast a monthly current account deficit of 16.1 billion czech crowns ($918.4 million) for July.
2008-09
12 08:51:16
2
Japan economy contracts more than initial estimate
TOKYO, Sept 12 (Reuters) - Japan's economy shrank more than initially estimated in the second quarter to log its worst performance in seven years, as it struggled with high raw material costs, slowing exports and weak capital spending.
2008-09
12 08:50:48
1
French August inflation eases to 3.5 pct y/y
PARIS, Sept 12 (Reuters) - French consumer prices eased in August as fuel and food prices dropped, offsetting the end of the summer clothes sales and hikes in gas and electricity tariffs, data showed on Friday.
2008-09
12 08:35:37Swedish Q2 GDP revised down slightly
STOCKHOLM, Sept 12 (Reuters) - Sweden's gross domestic product was unchanged in the second quarter from the first three months of 2008 and was up 0.6 percent year-on-year, revised data from the statistics office showed on Friday.
2008-09
12 08:32:14
1
Juncker says EIB may be tapped to widen lending
BERLIN, Sept 12 (Reuters) - European Union finance ministers are considering asking the European Investment Bank (EIB) to broaden its lending to companies, Eurogroup chairman Jean-Claude Juncker told a German radio station on Friday.
2008-09
12 08:13:51HIGHLIGHTS-Euro zone finance ministers' meeting, Eurofi
NICE, France, Sept 12 (Reuters) - The following are comments made by euro zone finance ministers and other officials during their meeting and at a Eurofi conference this week in Nice.
2008-09
12 08:09:07POLL-Euro zone + Swiss economic indicators- Sept 15 week
- REUTERS INTERIM CONSENSUS FOR EURO ZONE + SWITZERLAND - SEPT 15 WEEK FINAL UPDATE: 1100 GMT
2008-09
12 08:06:53TABLE-Czech Aug PPI +0.4 pct m/m, +5.7 pct y/y
- Sept 12 (Reuters) - The Czech Statistical Bureau released the following August producer price data (PPI) on Friday: PRODUCER PRICES AUG 08 JULY 08 AUG 07
Industrial prices
pct change month/month 0.4 0.1 -0.1
pct change year/year 5.7 5.2 3.7
Construction prices
pct change month/month 0.4 0.3 0.5
pct change year/year 4.7 4.8 4.0
Agricultural prices
pct change month/month -9.8 -3.2 3.0
pct change year/year 6.3 21.4 15.6
Services
pct change month/month 0.0 -1.0 0.2
pct change year/year 3.6 3.8 1.0
NOTE. Analysts polled by Reuters had forecast that month-on-month industrial PPI was flat in August. The year-on-year PPI rate was forecast to be 5.3 percent <CZ/ECON15>.
2008-09
12 08:06:33Hungary's ind output rises by 0.6 pct y/y in July
BUDAPEST, Sept 12 (Reuters) - Hungary's industrial output rose by an annual 0.6 percent in July based on final, unadjusted data, unchanged from a preliminary estimate, the Central Statistics Office (KSH) said on Friday.
2008-09
12 07:58:49
1
Steinbrueck says Germany not in recession
BERLIN, Sept 12 (Reuters) - Germany is not in recession but the financial market crisis remains a worry, German Finance Minister Peer Steinbrueck said on Friday.
2008-09
12 07:47:44Juncker says economic downturn worse than feared
BERLIN, Sept 12 (Reuters) - The economic downturn in the European Union is worse than policymakers in the bloc previously thought, Eurogroup chairman Jean-Claude Juncker said on Friday.
2008-09
12 07:32:29Bank of France maintains Q3 growth forecast
PARIS, Sept 12 (Reuters) - The Bank of France on Friday maintained its third quarter growth forecast at 0.1 percent and said its indicator of business sentiment perked up in August.
2008-09
12 07:24:53Steinbrueck says Germany not in recession
BERLIN, Sept 12 (Reuters) - Germany is not in a recession but the financial market crisis remains a worry, German Finance Minister Peer Steinbrueck said on Friday.
2008-09
12 06:48:07Poland's 2011 euro entry tough, but possible-finmin
WARSAW, Sept 12 (Reuters) - Adopting the single currency by Poland in 2011, as aimed by the prime minister, will be very difficult but possible, Finance Minister Jacek Rostowski was quoted as saying on Friday.
2008-09
12 05:03:45
1
China industrial output slows, retail sales firm
BEIJING, Sept 12 (Reuters) - China's annual industrial output growth fell to a six-year low in August, dented by the temporary closure of hundreds of factories for the Olympics, but retail sales expanded at close to a record pace.
2008-09
12 03:40:37China end-Aug M2 money supply up 16 pct - central bank
BEIJING (XFN-ASIA) - Broad money supply, or M2, was up 16 pct year-on-year to 44.9 trln yuan at the end of August, China's central bank said.
2008-09
12 03:26:44China Jan-Aug industrial value-added output up 15.7 pct; 12.8 pct in Aug
BEIJING (XFN-ASIA) - China's industrial value-added output in the first eight months rose 15.7 pct from a year earlier, the National Bureau of Statistics said.
2008-09
12 03:23:57China Aug retail sales 876.8 bln yuan, up 23.2 pct yr-on-yr
BEIJING (XFN-ASIA) - Retail sales in August rose 23.2 pct year-on-year to 876.8 bln yuan, the National Bureau of Statistics (NBS) said in a statement.
2008-09
12 03:22:16INSTANT VIEW 1-China Aug output weak, retail sales firm
BEIJING, Sept 12 (Reuters) - Chinese annual industrial output growth slowed to a six-year low of 12.8 percent in August, presumably hit by factory closures and transport curbs introduced to improve Beijing's air quality for the Olympics.
2008-09
12 03:11:13China Jan-Aug industrial value-added output up 15.7 pct; 12.8 pct in Aug - NBS
BEIJING (XFN-ASIA) - China's industrial value-added output in the first eight months rose 15.7 pct from a year earlier, the National Bureau of Statistics said.
2008-09
12 02:03:32
1
Japan Q2 GDP revised down, recession looms
TOKYO, Sept 12 (Reuters) - Japan's economy shrank a bit more than initially estimated in the second quarter, underscoring concerns it is slipping into a recession in the face of sluggish exports and slowing capital spending.
2008-09
12 01:47:58TABLE-Japan Q2 GDP revised to -0.7 pct qtr/qtr
TOKYO, Sept 12 (Reuters) - Following is a table of Japan's revised gross domestic product data for the three months to June and the previous quarter (in percent, median consensus
Apr-June Apr-June Jan-Mar
revised prelim revised
Real GDP qtr/qtr -0.7(-0.8) -0.6 +0.7
Real GDP (annualised) -3.0(-3.3) -2.4 +2.8
Nominal GDP qtr/qtr -0.8 -0.7 +0.2
Nominal GDP (annualised) -3.3 -2.7 +0.6
(In real terms) Apr-June Apr-June Jan-Mar
revised prelim revised
Private demand -0.6 -0.6 +0.4
Private consumption -0.5 -0.5 +0.7
Household spending -0.5 -0.5 +0.7
Housing -3.5 -3.4 +4.3
Capital spending -0.5(-1.6) -0.2 -0.1
Public demand -1.0 -0.9 -0.3
Government outlays -0.0 +0.1 -0.5
Capital investment -5.1 -5.2 +1.0
External
Exports -2.5 -2.3 +3.4
Imports -2.6 -2.8 +1.2
Contribution to GDP
external demand -0.1 pct pt 0.0 pct pt +0.4 pct pt
domestic demand -0.7 pct pt -0.6 pct pt +0.3 pct pt
GDP deflator (yr-on-yr) -1.5 -1.6 -1.5
Domestic demand deflator +0.7 +0.6 +0.4 - bhx
2008-09
12 01:19:02
1
NZ July retail sales fall backs rate easing case
WELLINGTON, Sept 11 (reuters) - New Zealand retail sales fell in July, led by weaker car and supermarket sales, pointing to continued weakness in consumer spending and backing views the central bank will lower interest rates further.
2008-09
12 01:17:03INSTANT VIEW-Japan Q2 GDP revised down, recession looms
TOKYO, Sept 12 (Reuters) - Japan's economy shrank more than initially estimated in the second quarter, underscoring concerns that the world's No.2 economy is slipping into a recession in the face of sluggish exports and slowing corporate capital spending.
2008-09
12 01:12:28Japan Q2 GDP revised to -0.7 pct qtr/qtr
TOKYO, Sept 12 (Reuters) - Japan's economy shrank 0.7 percent in the second quarter, less than economists' forecasts for a 0.8 percent contraction, revised government data showed on Friday.
2008-09
12 00:26:22Argentina August trade surplus soars - president
BUENOS AIRES, Sept 11 (Reuters) - Argentina's trade surplus soared to $2 billion in August compared with $313 million in the same month a year ago, President Cristina Fernandez said in a televised speech on Thursday.
2008-09
12 00:02:52INSTANT VIEW-NZ July retail sales fall more than expected
WELLINGTON, Sept 12 (Reuters) - New Zealand retail sales fell more than expected in July, led by weaker car and supermarket sales, suggesting consumer spending will be weak during the third quarter and backing views the central bank will lower interest rates further.
2008-09
11 23:53:33TABLE-NZ July retail sales down 0.8 pct
WELLINGTON, Sept 11 (Reuters) - Statistics New Zealand released on Friday the following retail sales data for the July month.
2008-09
11 23:09:26POLL-Japan Q2 GDP likely down more than initial forecast
TOKYO, Sept 12 (Reuters) - Japan's economy probably fell more than initially estimated in the three months to June mainly on weakness in capital spending, a Reuters poll showed on Wednesday.
© 2008 AFX News
