The Central Bank of Australia raised its policy interest rate from 3.00% to 3.25% today, the first of the Group of 20 to increase interest rates since the start of the global financial crisis in late 2007. In relative terms, the [...]
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Louise Curley
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Publications by Louise Curley
- Global| Oct 06 2009
Central Bank Of Australia Raises Interest Rate 25 Basis Points To 3.25%
- Global| Oct 05 2009
Retail Sales in The Euro Area Get a Lift From Price Increases
There is a little good news in today's preliminary estimates of August retail trade for the Euro Area. The value of trade managed a small increase of 0.40% after three successive monthly declines. The volume of trade actually declined [...]
- Global| Sep 29 2009
Confidence Improving in the Euro Area: Recession Ending?
Eurostat reported today that its economic sentiment indicator (ESI) for September rose to 82.8 from 80.8 in August. The measure has now risen in the last five months from the low of 64.6 reached in March. Although it is still below [...]
- Global| Sep 28 2009
Recession In Lithuania Bottoming?
Along with the other Baltics, Estonia and Latvia, Lithuania, having pegged its currency to the Euro has been unable to devalue its currency to gain a competitive advantage. Instead it has been forced to deflate its economy with the [...]
- Global| Sep 22 2009
Unemployment In Ireland, Italy, Finland, And Taiwan
Quarterly unemployment data for the second quarter for Ireland and Italy, and monthly data for August for Finland and Taiwan were released today. The attached two charts show the year over year changes in the unemployment rates for [...]
- Global| Sep 21 2009
Recent Data For The Russian Economy
Preliminary data suggest that the Russian Gross Domestic Product, fell 0.5% in the second quarter, a marked improvement over the 9.0% decline in the first quarter. (These figures are based on the series that have been seasonally [...]
- Global| Sep 15 2009
Optimism Among German Investors Somewhat Subdued
In the September ZEW survey, released today, German analysts and institutional investors were only slightly more optimistic about the next six months than they were in August. The ZEW balance of optimists over pessimists rose only 1.2 [...]
- Global| Sep 14 2009
Disappointing Retail Sales In New Zealand
Retail sales in New Zealand fell 0.46% in July, contrary to expectations of a rise. Moreover, June sales were revised downward from a 0.1% increase to a 0.06% decline. The upturn in sales in April and May has fizzled out as can be [...]
- Global| Sep 14 2009
Disappointing Retail Sales In New Zealand
Retail sales in New Zealand fell 0.46% in July, contrary to expectations of a rise. Moreover, June sales were revised downward from a 0.1% increase to a 0.06% decline. The upturn in sales in April and May has fizzled out as can be [...]
- Global| Sep 08 2009
German Industrial Production Down: New Orders Up In July
Data on German industrial production were released today. Production in July fell 0.9% from June, contrary to expectations of a continued rise. Production of electricity and other utilities was off 4.0%, construction, 2.4%, mining and [...]
- Global| Sep 01 2009
German Retail Sales Up A Bit In July: Where Are The Auto Sales Resulting From Germany's "Cash For Clunkers" Program?
Preliminary data show that German retail sales rose 0.7% in volume terms in July after declining in May and June. (Final data for total retail sales plus data on the composition of sales for the month of July will be available in [...]
- Global| Aug 31 2009
India Reports Acceleration in 2nd Q Growth, but Weak Monsoon Challenges Its Continuance
India's real gross domestic product rose 6.1% in the second quarter from the second quarter of 2008, up from the 5.8% year over year growth in the first quarter. It was the first acceleration in growth since the fourth quarter of 2007 [...]
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