At the end of April 2016 Swiss unemployment fell by 0.1% compared with March, to stand at 3.5%. With the regional employment offices (Urc), are enrolled 149'540 unemployed, 5'784 less than in the previous month. The data published today by the Secretariat for Economic Affairs (Seco), however, show that, compared with April of the previous year, the unemployment rate increased by 6% or 8'409 units. In Ticino, the unemployment rate at the end of April stood at 3.6% decreasing by 0.3 points from the previous month. In contrast to the general situation in Switzerland, this value is lower than that recorded last year (-0.1 percentage points). On average over the past 12 months were 6'041 registered unemployed amounted to a 3.8% rate, which is less than the annual average value for 2014 and equal to that of 2015.
The president of the Brazilian Chamber has backtracked on the decision, announced just twenty-four hours earlier, to suspend the impeachment process of President Dilma Rousseff. With a sensational turnaround, avoiding an institutional battle destined to end up before the Supreme Court, Waldir Maranhao, Acting President of the Chamber of Deputies, has said in a statement that "reconsider" the decision to cancel the vote of April 17, when MEPs approved the start of impeachment proceedings. The Senate President Renan Calheiros had already decided, however, that the impeachment process of President - accused had "adjusted" the Public Accounts to present the best to the voters that, in 2014, had to confirm it in the second mandato- would follow its course tomorrow in the plenum of the "upper house", ignoring the order of Maranhao.
Growing surplus of the German trade balance in March, thanks to the recovery in exports. The trade surplus stood at € 23.6 billion, revised from a surplus of 20 billion the previous month (19.8 billion the first reading) and increased slightly compared to the 23 billion in the same month of 2015. the expectations of analysts was for a 20.5 billion surplus. According to data published by the Federal Office of Statistics (Destatis), exports grew by 1.9% while imports fell by 2.3%.
The Eurozone takes time on the subject of Greece, being the EU, subject to the test of the crisis of migrants and the risk of a 'Brexit' in late June. However, the situation is not simple: Greece is still lagging behind the partner requests and the extraordinary meeting ends with virtually a stalemate, by updating to May 24. But some progress there: after Athens approved the pension reform and a new round of cuts and taxes, the ministers begin formally to discuss the rescheduling of the Greek debt, while continuing to exclude a reduction and by subordinating everything to the completion of the measures provided for in the Memorandum.
Back to rise the price index in Switzerland, showing signs of recovery, also because of the recovery in oil prices. Inflation in April marked a clear recovery, reporting a monthly increase of 0.3%, as the previous month, surpassing expectations that indicated a more modest growth of 0.1%. The trend change stood at -0.4%, still indicating a deflationary trend, but best of -0.9% the previous month and 0.6% expected.
What is rather disturbing is that the central bankers have had no experience with the policies that they are following. Theoretically, according to them, consumers should spend more if saving produces no returns and companies should invest in capital expenditure instead of engaging in repurchase schemes. The hope is that growth will be stimulated by low or negative interest rates. Stagnation seems to be the result, and the cyclical nature of economics has apparently brought on a slowdown after the so-called recovery that followed the Great Recession of 2008.
China confirms in obvious economic difficulty, signaling a slowdown in foreign trade, which has not failed to have adverse impacts on the manufacturing conditions. The foreign trade data appears negative, with the collapse of exports and imports, due to the persistence of the international crisis, although the first quarter ended with a better than expected budget.
The greek parliament approved yesterday in the evening further austerity measures to release the second tranche of the third floor of international aid to 86 billion euro before extraordinary Eurogroup today. The green light applies in particular to the stabilization (and resulting savings) of the pension system and an increase in taxes for a total 3.6 billion euro, measures that are part of a wider package of 5.4 billion Euros agreed with the ' EU and the international Monetary Fund (IMF).
Saudi Arabia does not intend to change its oil policy. Assures the new Minister of Energy, Industry and Mining Resources, Khaled al-Faleh, who took over from veteran Ali al-Naimi said Riyadh and "strengthen its more reliable energy supplier position world". Analysts at the time, waiting for the reaction of the markets. In office since 1995, the former minister has been replaced by the Minister of Health and Chairman of the Aramco oil giant, al-Falih: the shift goal of such an important minister in the Arab country is to improve the fortunes of the economy hit hard by the collapse in oil prices.
In March, industrial orders in Germany were up by 1.9% on a monthly basis. The figure was much worse than analysts' estimates, which showed a monthly increase of 0.7%. Orders have benefited from the increase of consumer goods, which in the period under review showed an increase of 4%.
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