TODAY’S TOP ARTICLES – 29 AUG 2014

Japan: Japan Inflation Rises in July but Remains Short of BOJ Target
Japan released a flurry of data Friday which showed a spotty economic recovery, as the consumption tax hike in April continued to weigh on growth. (Source: CNBC)

Denmark: Danish Economy Unexpectedly Contracts as Exports Decline
Denmark’s economy contracted an unexpected 0.3% in the second quarter mainly due to weak exports and investment. However, the government says it’s pushing spending to the limit of what’s allowed under budget rules to prop up Scandinavia’s weakest economy. (Source: Bloomberg)

Italy: Italy July Jobless Rate Rises to 12.6 percent
The Italian National Institute for Statistics (Istat) released today data on unemployment. In July, Italy’s seasonally adjusted unemployment rate rose to 12.6% from 12.3% recorded in June. Unemployment in Italy, which slid into a triple-dip recession in the second quarter of this year, has been rising steadily since early 2011. (Source: Reuters)

United Kingdom: Retailers at Their Most Optimistic for 12 Years after August Sales Surge
According to CBI, in August, confidence among retailers reached its highest level since May 2002. Of the 142 firms surveyed in the CBI’s distributive trades survey, a balance of +25% of retailers expected their overall business situation to improve over the next three months. Moreover, the number of retail created grew at the fastest pace since November. (Source: The Guardian)

Indonesia: Widodo Committed to Reducing Indonesia Fuel Subsidy After Rebuff
Joko Widodo’s government declared that it is committed to reducing fuel subsidies. Instead, the government will focus on a policy agenda that includes improving infrastructure, health care and education. (Source: Bloomberg)

For the latest economic indicators from around the world, please visit us at Focus-Economics.com.

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