Spain industrial output rebounded in March despite the fall in energy production, the statistical office INE said Friday. Industrial production grew 1.8 percent year-on-year in March, in contrast to the 0.9 percent decline in February. On an unadjusted basis, industrial production registered an...
Germany's exports grew unexpectedly in March but the overall increase remained weak and imports registered its fastest growth in nearly three years. Exports grew 0.5 percent, following February's 3.6 percent increase, Destatis reported. Shipments were forecast to fall 1.9 percent. At the same time,...
UK house prices dropped for the second straight month in April as geopolitical tensions drive inflation higher and trigger interest rate hike concerns, data published by the mortgage lender Halifax showed Friday. House prices dropped 0.1 percent on a monthly basis in April but slower than the 0.5 percent decrease in March.
Germany's industrial production declined unexpectedly in March as the war in the Middle East started to take its toll on industrial activity, official data revealed Friday. Industrial output dropped 0.7 percent in March, marking the second consecutive monthly decline, Destatis reported.
Industrial production and foreign trade from Germany and house prices from the UK are the top economic news due on Friday. At 2.00 am ET, Destatis releases Germany's industrial output and foreign trade figures. Economists forecast industrial output to grow 0.4 percent on a monthly basis in March, in contrast to the 0.3 percent fall in February.
Malaysia's central bank left its interest rate unchanged for the fifth straight meeting, on Thursday. The Monetary Policy Committee of Bank Negara Malaysia maintained its Overnight Policy Rate at 2.75 percent. The previous change in the policy was a quarter-point reduction in July, which was the...
Germany's construction activity contracted at the sharpest pace in 13 months in March as Middle East tensions impact overall industry performance, survey data from S&P Global showed Thursday. The construction Purchasing Managers' Index fell to 42.1 in April from 48.0 in March. The score was the lowest...
Norway's central bank raised its benchmark rate unexpectedly by a quarter-point on Thursday as the war in the Middle East pushed up inflation and raised substantial uncertainty about the economic outlook. The Monetary Policy and Financial Stability Committee of Norges Bank decided to raise the policy rate to 4.25 percent from 4.0 percent.
Eurozone retail sales dropped marginally in March as reduced food and auto fuel sales were partially offset by the increased non-food product sales, official data revealed Thursday. Retail sales dropped 0.1 percent on a monthly basis in March, marking the third consecutive fall, Eurostat reported....
The Philippine economy expanded at the slowest pace in five years in the first quarter amid declining investment, weaker household spending and exports. Gross domestic product grew 2.8 percent on a yearly basis in the first quarter, the Philippine Statistics Authority said Thursday. This followed a 3.0 percent expansion seen in the fourth quarter and marked the weakest expansion since the first q