1. Economic and financial indicators.
- Subjects
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ECONOMIC indicators , *INTEREST rates , *UNITED States manufacturing industries , *SERVICE industries , *WHOLESALE prices , *PETROLEUM product sales & prices , *FOREIGN exchange rates , *DEMAND for money , *PRICES , *MONETARY policy , *ECONOMIC demand , *INVESTMENT interest , *CONSUMERS , *INDUSTRIES , *UNEMPLOYMENT , *NATIONAL currencies , *EUROPEAN currency unit , *MONEY , *ECONOMIC development , *ECONOMIC forecasting , *GROSS domestic product , *GROSS national product - Abstract
This article looks at the latest economic and financial indicators. As expected, America's Federal Reserve left interest rates unchanged at 1.0%. Britain's central bank also met expectations, but by raising its base rate a quarter point, to 4.25%. America's ISM index of manufacturing activity fell slightly in April to 62.4 while the ISM service-industry index rose to 68.4 in April from 65.8 in March, better than expected. Producer prices in the euro area rose by 0.4% in the year to March, down from a rate of 2.4% a year earlier. Oil prices rose to nearly $40 a barrel, the highest level in more than 13 years. Coverage of more statistics on economic forecasts of money and interest rates, market indicies and trade, exchange rates and budgets.
- Published
- 2004