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Economy And The Numbers

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Latvia's producer price inflation eased for the second straight month in July, though slightly, figures from the Central Statistical Bureau showed on Friday. The producer price index climbed 30.2 percent year-on-year in July, just below the 30.9 percent surge in June. Prices have been rising since...

Mexico's retail sales declined for the first time in almost a year in June, data from the National Institute of Statistics and Geography showed on Friday. Retail sales dropped a seasonally adjusted 0.3 percent month-on-month in June, reversing a 0.5 percent increase in May. Further, this was the...

Greece's current account deficit decreased in June due to an improvement in the services balance, data from the Bank of Greece showed on Friday. The current account deficit narrowed to EUR 722 million from EUR 1.3 billion in the same period last year. The visible trade deficit increased to EUR...

UK government borrowing in the financial year to July exceeded the official estimate as higher inflation lifted the cost of servicing government debt, the Office for Budget Responsibility said Friday. Borrowing excluding public sector banks was GBP 55.0 billion in the four months to July period compared...

Poland's industrial production growth moderated less-than-expected in July, while the producer price index continued its rising trend, though at a slower pace than in the previous month, data from Statistics Poland revealed on Friday. Industrial production grew 7.6 percent annually in July, following...

The eurozone current account balance turned to a surplus in June from a deficit in the previous month, the European Central Bank said on Friday. The current account balance showed a surplus of EUR 4.0 billion in June versus deficit of EUR 7.0 billion in May. In the corresponding month last year,...

Switzerland's industrial production increased in the second quarter, while construction output decreased, the Federal Statistical Office reported on Friday. Industrial production rose 5.1 percent yearly in the second quarter. Secondary sector production, which combines industry and construction,...

New Zealand credit card spending rose for the fifth month in a row in July, data from the Reserve Bank of New Zealand revealed on Friday. Total credit card billings rose 3.2 percent monthly in July, following a 2.9 percent increase in June. A similar higher spending was seen in March. Domestic...

ukretailsales july18 19aug22 UK retail sales unexpectedly recovered in July as promotions boosted online sales, while consumer sentiment hit a new record low in August amid the deepening cost of living crisis caused by rising inflation and the bleak economic prospects, separate data revealed Friday. Retail sales gained 0.3 percent on month, in contrast to the revised 0.2 percent fall in June.

Malaysia's trade surplus rose less than expected in July, as exports and imports rose at a softer pace, data from the statistical office showed on Friday. The trade balance logged a surplus of MYR 15.5 billion in July. Economists had forecast a surplus of MYR 17.7 billion. The trade surplus grew 14.3...

Germany's producer price inflation accelerated unexpectedly to a new record high in July, primarily driven by higher energy costs, data from Destatis showed on Friday. Producer prices grew 37.2 percent year-over-year in July, well above the 32.7 percent surge in June. Economists had forecast inflation...

Japan inflation continued to remain above the 2 percent target on higher fuel prices and weaker yen, official data showed on Friday. Excluding fresh food, core inflation increased to 2.4 percent from 2.2 percent in the previous month, the Ministry of Internal Affairs and Communications reported....

preview oct17 19aug22 Retail sales and public sector finances from the UK are due on Friday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK retail sales and public sector finance data. Sales are forecast to fall 0.2 percent on month, slightly faster than the 0.1 percent drop in June. The budget deficit is seen at GBP 25.3 billion in July.

The Norwegian central bank raised its benchmark interest rate further by 50 basis points in its August meeting, as widely expected, and policymakers hinted that there will be another rate hike in September in order to curtail soaring inflation. The Monetary Policy and Financial Stability Committee...

The Philippines' central bank on Thursday raised its key interest rate again by 50 basis points, as widely expected, and signaled further tightening because inflation is likely to remain above the target. The Monetary Board, led by Governor Felipe Medalla, decided to raise its benchmark overnight...

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