1. Bonds continued to get support from speculation the weak headline figure would prevent the Bank of Japan from raising rates anytime soon. 2. British government bonds rose briefly after the report because the headline industrial output figure was weaker than expected. 3. But the headline sanction figures disguise a modest real impact. 4. However, more surprising than the downward revision to the headline figure was the fact that consumer expenditure fell for the first time in three year. 5. Insee has changed the way it calculates industrial production so that the headline figure is seasonally adjusted to exclude food and construction production. 6. The headline figures for employment of women also disguise how Swedish women spend a far greater amount of time on their own family care than men. 7. The headline figures include receipts from asset sales and state debt repayments. 8. This brought the headline figure for the number of French jobless below the three-million level. 9. JP Morgan chief economist Masaaki Kanno said the headline figures were better than expected with smaller firms also gaining in confidence. |
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