Eurozone inflation softened in January, flash estimate from Eurostat showed on Wednesday. The harmonized index of consumer prices rose 1.7 percent on a yearly basis in January, following December's 2.0 percent increase. The rate came in line with expectations. Excluding volatile energy, food,...
Flash inflation and final composite Purchasing Managers' survey results from the euro area are the top economic news due on Wednesday. At 3.15 am ET, Spain's services and composite PMI survey results are due. Economists expect services PMI to fall to 56.6 in January from 57.1 in the previous month. At 3.45 am ET, S&P Global publishes Italy's services and composite PMI data.
China service sector growth improved in January, driven by stronger growth in new business, survey data from S&P Global showed on Wednesday. The headline RatingDog services Purchasing Managers' Index rose to 52.3 from 52.0 in December. The latest rise in services activity was the strongest in three months.
France's inflation eased more than expected in January, preliminary data from the statistical office INSEE revealed on Tuesday. The consumer price index logged a 0.3 percent annual rise in January, slower than the 0.8 percent increase seen in December. Inflation was expected to slow moderately to...
Hong Kong retail sales value increased in December, driven by higher sales of jewelry and valuable gifts, the Census and Statistics Department said Tuesday. The retail sales value grew 6.6 percent year-on-year in December, following November's 6.5 percent rise. Online sales accounted for 8.8 percent...
Eurozone banks tightened credit standards for firms in the fourth quarter, citing higher perceived risks amid lower risk tolerance, while demand for loans from firms increased slightly, the survey from the European Central Bank showed on Tuesday. Banks reported an unexpected tightening of credit...
Spain unemployment increased sharply in January, official data revealed on Tuesday. The number of registered unemployed increased 30,392 to 2.44 million in January, the labor ministry reported. Economists had forecast a monthly rise of 13,400. Compared to last year, unemployment decreased 160,381...
Flash inflation from France and unemployment from Spain are the top economic news due on Tuesday. At 2.00 am ET, the Turkish Statistical Institute is scheduled to issue consumer and producer price data. Consumer price inflation is expected to ease to 30.0 percent in January from 30.89 percent in December.
The Reserve Bank of Australia raised its benchmark rate for the first time since November 2023 as inflation is expected to remain above target in the near term. The policy board governed by Michele Bullock decided to lift the cash rate target by 25 basis points to 3.85 percent. The Board judged that inflation is likely to remain above target for some time.
The UK manufacturing sector strengthened in January with growth in both output and new orders accelerating, final data from S&P Global showed Monday. The final manufacturing Purchasing Managers' Index rose to a 17-month high of 51.8 in January from 50.6 in December and exceeded the earlier flash...