OECD says unemployment to start rising this year as growth slows

PARIS (Thomson Financial) - The Organisation for Economic Cooperation and

Development said unemployment is expected to start increasing this year after

declining steadily in recent years.

2008-07-02 10:00:10

Euro zone may PPI up 1.2 percent vs April, up 7.1 percent year-on-year

BRUSSELS (Thomson Financial) - Euro zone producer prices rose 1.2 percent

compared to April and were up 7.1 percent year-on-year, EU statistics office

Eurostat said.

2008-07-02 09:57:44

UK June construction PMI 38.8 from 53.9 in May; output falling at record pace

LONDON (Thomson Financial) - The UK construction sector saw activity fall at

a record pace in June, a key survey has found.

2008-07-02 09:46:17

UK Q1 mortgage equity withdrawal 5.0 billion pounds, lowest since Q1 2001 - BoE

LONDON (Thomson Financial) - The amount of money homeowners took out of

their homes in the first quarter of the year slumped to its lowest level for

seven years, the Bank of England said today.

2008-07-02 07:19:20

Philippine central bank sees inflation peaking in Q3, back to single digit in 09

MANILA (Thomson Financial) - The Philippine central bank said on Wednesday

it expects inflation to continue rising and peak in the third quarter before

slipping back to single-digit levels in 2009, keeping the door open for

further monetary tightening.

2008-07-02 07:17:29

SKorean govt trims 2008 growth forecast, lifts inflation estimate to 10-yr high

SEOUL (Thomson Financial) - The South Korean government on Wednesday trimmed

its 2008 growth forecast while lifting its inflation forecast to the highest

level in a decade driven by runaway crude oil costs and following a similar move

by the Bank of Korea.

2008-07-02 07:08:21

Paulson says Europe, U.S. equally impacted by ‘tough’ economic conditions

LONDON (Thomson Financial) - High oil prices have continued to weigh heavily

on the global economy during the second quarter, with few signs that Europe has

been more successful than the United States in combating the slump, said U.S.

2008-07-02 06:34:16

Polish budget gap around 3.5 bln zlotys-dep finmin

WARSAW, July 2 (Reuters) - Poland’s budget deficit in the January-to-June

period will likely stand at about 3.5 billion zlotys, not 1.5 billion zlotys

estimated previously, Deputy Finance Minister Elzbieta Suchocka-Roguska was

quoted as saying on Wednesday.

2008-07-02 03:39:52

Hong Kong June PMI 50.6 vs 50.3 in May - NTC Economics

HONG KONG (XFN-ASIA) - The Hong Kong purchasing managers’ index (PMI) rose

slightly to 50.6 in June from 50.3 in may, index compiler NTC Economics said.

2008-07-02 02:46:41

Australia June vacancies fall 3.7 pct s/adjusted

CANBERRA, July 2 (Reuters) - Australia’s index of skilled job vacancies fell

3.7 percent seasonally adjusted in June from the previous month, and was 8.2

percent lower than a year ago, the Employment Department said on Wednesday.

2008-07-02 02:42:29

Australia May building approvals fall 6.5 pct

SYDNEY, July 2 (Reuters) - Australian approvals to build new homes,

seasonally adjusted, for May, released by the Australian Bureau of Statistics on

Wednesday.

2008-07-02 02:34:28

Australia May retail sales rise 0.7 pct

SYDNEY, July 2 (Reuters) - Australian retail turnover for May, released by

the Australian Bureau of Statistics on Wednesday.

2008-07-02 01:47:16

China stock market able to develop without too much policy intervention - Xinhua

BEIJING (XFN-ASIA) - China’s overall fundamentals remain sound despite

unprecedented challenges in the international economy, with the country’s stock

markets capable of achieving healthy development even under such conditions, and

even without excessive policy support, the official Xinhua news agency said.

2008-07-01 23:00:07

Atlanta Fed’s Lockhart sees Q2 growth ’substantially’ above Q1 growth of 1 pct

WASHINGTON (Thomson Financial) - US economic growth in the second quarter of

this year should be “substantially above” the 1 pct growth rate seen in the

first quarter, although there is unlikely to be any significant improvement from

there in the second half of 2008, Federal Reserve Bank of Atlanta President

Dennis Lockhart said today in Washington.

Source: http://www.afxnews.com

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