What parts of the world have seen the best economic performance lately? Here is a ranking of countries with the strongest GDP growth over the past 3 months:
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,...
Austria's consumer price inflation moderated in January to the lowest level in just over a year amid cheaper energy costs. The consumer price index climbed 2.0 percent year-over-year in January, slower than the 3.8 percent increase in November. A similar inflation rate was last seen in December 2024. On a monthly basis, consumer prices decreased 0.7 percent.
Russia's service sector activity expanded at the quickest pace in a year in January as output and new order growth gained momentum. The services purchasing managers' index, or PMI, climbed to 53.1 in January from 52.3 in November. A score above 50 suggests expansion in the sector. Higher output was driven by improved customer demand and sustained growth in new orders.
India's service sector growth rebounded at the start of the year amid quicker rises in new orders and output. The seasonally adjusted HSBC India Services PMI rose to 58.5 in January from 59.8 in December. Both output and new orders grew at faster rates in January, and the upturn in the latter was driven by demand buoyancy, new business gains, and tech investment.