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Australia home prices jump 2.3 percent in March: RPData

SYDNEY (Reuters) - Home prices across Australia's major cities jumped by 2.3 percent in March while gains became more broad-based, a strong result that will fan concerns speculative buying is running too hot for policy makers' comfort. Figures from property consultant RPData-Rismark showed overall dwelling prices were up 10.6 percent compared to March last year, led by 15.6 percent growth in Sydney.

Australia home prices jump 2.3 percent in March: RPData

SYDNEY (Reuters) - Home prices across Australia's major cities jumped by 2.3 percent in March while gains became more broad-based, a strong result that will fan concerns speculative buying is running too hot for policy makers' comfort. Figures from property consultant RPData-Rismark showed overall dwelling prices were up 10.6 percent compared to March last year, led by 15.6 percent growth in Sydney.

Spain's economy to grow 1.2 pct in 2014, 1.7 pct in 2015, central bank says

Madrid, Mar 26 (EFE).- Spain's gross domestic product will grow 1.2 percent this year, thanks to the first increase in consumer spending since the economic downturn in the Iberian nation started, the Bank of Spain said Wednesday. Economic growth should accelerate in 2015, when Spain's GDP is expected to expand by 1.7 percent, the central bank said in its March Economic Bulletin. Growth this year will benefit from a positive trend in consumer spending, the Bank of Spain said.

S. Korean economy grows 3 pct in 2013

By Kim Soo-yeon SEOUL, March 26 (Yonhap) -- The South Korean economy grew 3 percent in 2013, faster than an earlier estimate, as exports remained robust and consumer spending gained, the central bank said Wednesday. Korea's gross domestic product (GDP), the broadest measure of economic performance, was compared with a previous estimate of a 2.8 percent on-year gain, according to the Bank of Korea (BOK). The economy grew a revised 2.3 percent in 2012. The 2013 data marked the fastest yearly growth since 2011 when the GDP grew 3.7 percent.

Spain slashes trade deficit by a fifth as exports grow

Spain slashed its trade deficit by nearly a fifth year-on-year in January as strengthening exports by Spanish firms boosted a timid recovery in the eurozone's fourth-biggest economy, the government said. The shortfall of exports to imports in goods and services fell by 19.5 percent compared to January 2103 to 2.8 billion euros ($3.9 billion), the economy ministry said in a statement. Exports grew in January by 3.1 percent compared to a year earlier to reach 18.4 billion euros while imports declined by 0.6 percent to 21.3 billion euros, it said.

U.S. fourth quarter GDP growth may be revised higher: economists

WASHINGTON (Reuters) - U.S. fourth-quarter growth is likely to be revised higher after services industry data on Wednesday suggested a much stronger pace of consumer spending than the government had previously assumed, according to economists. The government last month slashed its gross domestic product estimate for the October-December quarter to a 2.4 percent annual pace from a previously reported 3.2 percent rate.

Downward Q4 GDP revision seen after modest Japan capex growth

By Tetsushi Kajimoto TOKYO (Reuters) - Japanese companies raised spending on plant and equipment in October-December for a second straight quarter, but rather modestly, suggesting firms were wary of boosting investment in the face of an uncertain economic outlook. The 4.0 percent year-on-year rise in capital spending followed a 1.5 percent increase in the previous quarter, which was the first increase in four quarters, Ministry of Finance (MOF) data showed on Monday.

Spain grows 0.2 pct in 4th quarter, contracts 1.2 pct for all of 2013

Madrid, Feb 27 (EFE).- Spain's economy expanded by 0.2 percent in the fourth quarter of 2013 relative to the previous quarter, falling just short of an earlier official estimate, while the country's gross domestic product fell 1.2 percent for the year as a whole, the National Statistics Institute, or INE, said Thursday in a report.

Cold weather depresses retail sales in January

WASHINGTON (Reuters) - Retail sales fell unexpectedly in January and the number of Americans filing new claims for unemployment benefits rose last week, in the latest signs of slowing economic growth early in the first quarter. The Commerce Department said on Thursday retail sales fell 0.4 percent last month, led by a drop in automobile sales. Economists polled by Reuters had forecast retail sales unchanged in January.

Eurozone industrial output falls in December

Eurozone industrial output turned lower in December after a sharp upturn in November had encouraged hopes that a modest economic recovery was gaining momentum, official figures showed on Wednesday. Industrial output in the then 17-nation eurozone fell 0.7 percent in December compared with November, when it rose a revised 1.6 percent, the Eurostat Statistics office said. November was first given as an increase of 1.8 percent. Analysts polled by Dow Jones Newswires had expected a December downturn of about 0.3 percent.
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