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Economy And The Numbers

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eurozonepmi nov23 31jan23 Further tightening in credit standards and weakening loan demand from households and businesses in the euro area suggest that the monetary transmission is in play in the real economy, which could prompt the European Central Bank to hit a pause on rate hikes in the coming months though the prospect of high inflation could damp such thoughts.

Mexican economic growth moderated in the fourth quarter after accelerating in the previous two quarters, largely led by a deceleration in the growth of the tertiary sector, preliminary data from the National Institute of Statistics and Geography, or INEGI, showed on Tuesday. Gross domestic product advanced an unadjusted 3.5 percent year-over-year in the December quarter.

Portugal's economic growth moderated for the third straight quarter in the three months ended December amid a deceleration in the growth of domestic demand due to a decrease in private consumption and investment, flash data from Statistics Portugal showed on Tuesday. Separate official data revealed that consumer price inflation eased for the third consecutive month in January.

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.

italyflag nov16 31jan23 Italian economy shrank marginally in the fourth quarter of 2022 after expanding in the previous seven quarters, led by weaker domestic demand and lackluster industrial and farm sector performance, preliminary data from the statistical office ISTAT showed on Tuesday, triggering fears of a mild recession. Gross domestic product shrank 0.3 percent sequentially in the December quarter.

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.

francefalg april30 31jan23 Inflationary pressures in the French economy continued unabated at the start of the year as consumer price inflation and the EU harmonized rate accelerated in January and producer price growth remained strong, even as the economy narrowly escaped a recession in the fourth quarter, thus validating the tightening stance of the European Central Bank that is set to hike rates further this week.

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...

The Czech Republic's economic output contracted for the second straight quarter in the three months ended December, largely due to lower household consumption, thus entering a technical recession, preliminary estimates from the statistical office showed on Tuesday. Gross domestic product decreased 0.3 percent sequentially in the fourth quarter, following a 0.2 percent fall in the third quarter.

The Netherlands' retail sales rose at the fastest pace in eight months in December, data published by the Central Bureau of Statistics showed on Tuesday. Retail turnover adjusted for shopping days grew 11.0 percent yearly in December, following a 5.9 percent rise in November. The latest annual...

Taiwan's export orders declined at a slower-than-expected rate at the end of the year, data from the Ministry of Economic Affairs showed on Tuesday. Export orders fell sharply by 23.2 percent year-on-year in December. Economists had expected a decline of 25.4 percent. Bookings for optical, photographic,...

germanyindustrial july08 31jan23 Germany's import price inflation eased less-than-expected in December to the lowest level in just over one-and-a-half years amid a continued slowdown in the energy prices, data published by Destatis revealed on Tuesday. Import prices logged a double-digit annual growth of 12.6 percent in December, slower than the 14.5 percent surge in November.

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...

swiss nov29 31jan23 Swtizerland's retail sales decreased for a third month in row in December, and at the fastest pace since April, despite Christmas holidays as households cut back on spending amid high inflation, preliminary data from the Federal Statistical Office showed Tuesday. Total retail sales decreased 2.8 percent year-on-year following a revised 1.4 percent slump in November.

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