Renju Jaya

✉ editorial@rttnews.com

uksupermarket aug15 01feb23 UK shop price inflation hit a record high in January as retailers offered fewer discounts amid rising input costs, data published by the British Retail Consortium showed Wednesday. The BRC- NielsenIQ shop price index rose 8.0 percent on a yearly basis in January following a 7.3 percent gain in December.

preview oct26 01feb23 Flash consumer prices, unemployment and final manufacturing Purchasing Managers' survey results from the euro area are the top economic news due on Wednesday. At 2.00 am ET, UK Nationwide house price data is due. House price inflation is forecast to ease to 1.9 percent in January from 2.8 percent in December.

chinapmi sept05 01feb23 China's manufacturing sector shrank at a slower pace in January as the downturns in output and new orders softened, survey results from S&P Global revealed Wednesday. The Caixin manufacturing Purchasing Managers' Index rose to 49.2 from 49.0 in December.

eurozone 112819 31jan23 Euro area narrowly escaped a shrinkage in the fourth quarter, but the growth remained modest on weaker consumer spending amid high inflation. Gross domestic product grew 0.1 percent sequentially after rising 0.3 percent in the third quarter, preliminary flash estimates from Eurostat showed on Tuesday. Economists had forecast the single currency bloc to shrink 0.1 percent.

ukhouse nov01 31jan23 UK mortgage approvals declined to the lowest level in more than two years in December as the cost of living crisis and the rising interest rate took its toll on the property market. The number of mortgages approved for house purchases fell to 35,600 in December from 46,200 in November, data from the Bank of England revealed Tuesday.

germanyunemployment jan21 31jan23 Germany's unemployment rate remained unchanged at a low level at the start of the year despite the economy showing signs of a recession, official data revealed on Tuesday. The unemployment rate held steady at 5.5 percent in January, the Federal Labor Agency reported. The rate also matched economists' expectations.

The euro area economy posted an unexpected expansion in the fourth quarter, preliminary flash estimates released by Eurostat showed on Tuesday. Gross domestic product grew 0.1 percent sequentially after rising 0.3 percent in the third quarter. Economists had forecast the currency bloc to shrink 0.1...

Austria's economy contracted for the first time in a year in the fourth quarter due to a fall in private consumption, preliminary estimates from the WIFO economic institute showed Tuesday. Gross domestic product decreased 0.7 percent sequentially, in contrast to the 0.2 percent increase in the third...

germanretailsales nov30 31jan23 Germany's retail sales declined sharply in December suggesting weak consumer spending even during the Christmas season, data published by Destatis revealed Tuesday. Retail sales plunged 6.4 percent in December from the last year, much faster than economists' forecast of -1.8 percent.

imf 040919 31jan23 Despite the global fight against inflation and the war in Ukraine, the International Monetary Fund upgraded its world economic growth projections as the full reopening of China is set to safeguard the recovery. The global growth outlook for 2023 was revised up by 0.2 percentage points to 2.9 percent, the IMF said in its World Economic Outlook Update, released Tuesday.

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