Singapore's gross domestic product expanded by a seasonally adjusted annualized 1.8 percent in the first quarter of 2013 compared to the previous three months, the Ministry of Trade and Industry said in Thursday's revised reading.
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Singapore's gross domestic product expanded by a seasonally adjusted annualized 1.8 percent in the first quarter of 2013 compared to the previous three months, the Ministry of Trade and Industry said in Thursday's revised reading.
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New Zealand posted a merchandise trade surplus of NZ$157 million in April, Statistics New Zealand said on Friday, worth 4.0 percent of exports.
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New Zealand saw a merchandise trade surplus of NZ$157 million in April, Statistics New Zealand said on Friday.
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Sentiment among German companies strengthened in May for the first time since February due to an improvement in current conditions, indicating that the economy remains on track despite a challenging environment. Moreover, the GfK survey forecast German optimism to reach its highest level in more than five years.
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A rebound in consumer spending helped the German economy thwart recession in the first quarter of 2013, detailed data from the Federal Statistical Office revealed Friday. However, the continued fall in firms' fixed asset investment and extreme weather conditions stifled the recovery. Market research group GfK predicts further increase in consumer confidence in June.
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After reporting a sharp drop in new orders for manufactured durable goods in the previous month, the Commerce Department released a report on Friday showing that durable goods orders rebounded by more than anticipated in the month of April.
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After reporting a sharp drop in new orders for manufactured durable goods in the previous month, the Commerce Department released a report on Friday showing that durable goods orders rebounded by more than anticipated in the month of April. The report said durable goods orders surged up by 3.3 percent in April after tumbling by a revised 5.9 percent in March.
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The average asking price for a house in the United Kingdom jumped 0.4 percent on month in May, property tacking website Hometrack said on Monday - marking the biggest single-month gain in six years.
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An index measuring consumer sentiment in South Korea came in at 104 in May, the Bank of Korea said on Monday - up two points from 102 in April.
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Confidence among Dutch manufacturers increased in May for the first time in three months, survey data from the Central Bureau of Statistics showed Monday.
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U.K. house prices increased the most in six years as widening supply and demand gap lifted asking prices in London, a survey conducted by Hometrack revealed Monday. House prices in England and Wales advanced 0.4 percent in May from a month ago, which was the biggest increase since May 2007. In London, prices surged 0.9 percent, followed by a 0.5 percent increase across the South-east.
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Taiwan's leading indicator increased in April, but overall business indicators showed that the domestic economy still faced many challenges, the Council for Economic Planning and Development (CEPD) said on Monday.
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Japan will on Tuesday release April figures for corporate service prices, highlighting a light day for Asia-Pacific economic activity.
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Germany's import prices declined for the fourth consecutive month in April, data from Destatis showed Tuesday.
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Taiwan's government on Tuesday announced new measures to promote growth in its export-reliant economy, largely by strengthening domestic consumption. The new plan, announced by Premier Jiang Yi-huah in Taipei, involves measures to boost investment and consumption as external demand remains weak. The government said it may allow insurers to invest in public infrastructure projects.
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Consumer confidence in U.S. improved by much more than anticipated in the month of May, according to a report released by the Conference Board on Tuesday, with the consumer confidence index rising to its highest level in over five years. The Conference Board said its consumer confidence index jumped to 76.2 in May from an upwardly revised 69.0 in April.
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Consumer confidence in U.S. improved by much more than anticipated in the month of May, according to a report released by the Conference Board on Tuesday, with the consumer confidence index rising to its highest level in over five years.
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Consumer confidence in U.S. improved by much more than anticipated in the month of May, according to a report released by the Conference Board on Tuesday, with the consumer confidence index rising to its highest level in over five years. The Conference Board said its consumer confidence index jumped to 76.2 in May from an upwardly revised 69.0 in April.
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Consumer confidence in U.S. improved by much more than anticipated in the month of May, according to a report released by the Conference Board on Tuesday, with the consumer confidence index rising to its highest level in over five years.
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South Korea saw a current account surplus of $3.97 billion in April, the Bank of Korea said on Wednesday.
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Japan is on Wednesday scheduled to release April figures for retail sales, highlighting a modest day for Asia-Pacific economic activity.
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The contraction in Japan's retail sales slowed in April after demand for automobiles recovered from a seven-month bout of decline, the latest figures from the Ministry of Economy, Trade and Industry showed Wednesday. Sales fell 0.1 percent year-on-year in April. Economists had forecast a contraction of 0.4 percent following the 0.3 percent drop in March.
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Global financial community should recognize capital controls as an important tool to curb international transmission of crises, Bank of Japan Governor Haruhiko Kuroda suggested during a conference on Wednesday. "The global financial community must, in its efforts to rebuild the global financial system, come to terms with two issues: capital controls and financial regulation and supervision."
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The Organization for Economic Co-operation and Development on Wednesday trimmed its 2013 growth estimate for the world economy, citing further deterioration in the euro area. However, the organization expects global growth to accelerate next year helped by the ongoing support from accommodative monetary polices.
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The number of jobless persons in Germany increased significantly more than expected in May as extreme weather conditions and the ongoing crisis in the euro area weakened economic activity, but the unemployment rate stayed close to the historically low levels, the latest data showed Wednesday.
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South Korea will on Thursday provide April figures for industrial production, highlighting a modest day for Asia-Pacific economic activity.
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South Korea's industrial production gained 0.8 percent in April compared to the previous month, Statistics Korea said on Thursday - following three straight months of contraction.
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Reserve Bank of New Zealand Governor Graeme Wheeler on Thursday hinted at further foreign exchange intervention to stem excess gains in New Zealand dollar and suggested that the Official Cash Rate can be reduced if inflation risk looks significantly low. "In recent months we have undertaken foreign exchange transactions to try and dampen some of the spikes in the exchange rate," Wheeler said.
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Eurozone economic sentiment picked up moderately in May, driven by improved confidence in all business sectors except for construction, survey results published by the European Commission showed Thursday. The economic sentiment index climbed to 89.4 in May, in line with expectations, from 88.6 in April.
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Swiss economic growth accelerated unexpectedly in the first quarter of 2013 as robust consumer spending and construction investment offset the negative impacts from the strong franc and continued weakness in the euro area economy. Gross domestic product increased 0.6 percent quarter-on-quarter on a seasonally adjusted basis in the first three months.
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Pending home sales in the U.S. increased by much less than expected in the month of April, according to a report released by the National Association of Realtors on Thursday, with gains in the Northeast and Midwest largely offset by declines in the West and South.
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Pending home sales in the U.S. increased by much less than expected in the month of April, according to a report released by the National Association of Realtors on Thursday, with gains in the Northeast and Midwest largely offset by declines in the West and South. NAR said its pending home sales index edged up by 0.3 percent to 106.0 in April after jumping by 1.5 percent to 105.7 in March.
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Turkey's foreign trade deficit for April came in above economists' expectations, data released by Turkstat showed Friday.
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Producer prices in the French industry rose slower-than-expected in April, data released by INSEE showed Friday.
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Personal spending in the U.S. unexpectedly decreased in the month of April, according to a report released by the Commerce Department on Friday, with the drop in spending coming as personal income was roughly unchanged. The Commerce Department said personal spending dipped by 0.2 percent in April after inching up by a revised 0.1 percent in March.
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Eurozone jobless rate climbed to a new record in April after six quarters of economic contraction forced companies to scale back investment and in turn employment.Giving room for more monetary policy manoeuvre, inflation accelerated in May, but stayed well within the target of 'below but close to 2 percent'. The increase in inflation from a 38-month low has eased fears of deflation.
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Consumer sentiment in the U.S. improved by even more than previously estimated in the month of May, according to a report released by Thomson Reuters and the University of Michigan on Friday. The report showed that the consumer sentiment index for May was upwardly revised to 84.5 from the preliminary reading of 83.7. Economists had expected the index to be unrevised.
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Chicago-area business activity saw a substantial rebound in the month of May, according to a report released by the Institute for Supply Management - Chicago on Friday, with the Chicago business barometer jumping to its highest level in over a year. The ISM Chicago said its Chicago business barometer surged up to 58.7 in May from 49.0 in April.
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China's manufacturing sector growth accelerated unexpectedly in May, signaling the economy may be stabilizing after a slowdown in the first quarter of 2013. The headline purchasing managers' index, that measures the performance of the factory sector, rose to 50.8 in May from 50.6 in April, a survey by the China Federation of Logistics and Purchasing and the National Bureau of Statistics showed.
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South Korea's trade surplus rose to its highest level in nearly three years in May as increased shipments of smart phones as well as strong demand from China and the US countered negative impacts from a weak Japanese yen. The trade surplus hit $6.03 billion in May, the largest since October 2010, data from the Ministry of Trade, Industry and Energy (MOTIE) showed Saturday.
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