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Economy And The Numbers

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Germany's producer prices rose for the first time in eleven months in December, defying expectations for further decline, data from Destatis showed on Wednesday. The producer price index rose 0.2 percent year-on-year in December, after a 0.5 percent decrease in November. Economists had forecast a...

Malaysia's central bank left its benchmark rate unchanged on Wednesday, as policymakers assessed the current stance as appropriate and accommodative. The Monetary Policy Committee of Bank Negara Malaysia decided to hold the overnight policy rate at 1.75 percent. Economists had forecast a quarter...

Estonia's producer prices grew in December, data from Statistics Estonia showed on Wednesday. The producer price index rose 0.7 percent year-on-year in December. Prices for mining and quarrying industry grew 5.8 percent yearly in December. Prices for electricity, gas, steam and air conditioning...

UK consumer price inflation accelerated more than expected in December, data released by the Office for National Statistics showed on Wednesday. Inflation doubled to 0.6 percent from 0.3 percent in November. The rate was above economists' forecast of 0.5 percent. Month-on-month, consumer prices...

previewimage aug03 20jan21 Consumer and producer prices from the UK are due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics is set to publish UK consumer and producer prices for December. Inflation is seen rising to 0.5 percent from 0.3 percent in November.

china flag 041317 20jan21 China's benchmark lending rates were left unchanged as widely expected, on Wednesday. The one-year loan prime rate was retained at 3.85 percent and the five-year loan prime rate was maintained at 4.65 percent. The one-year and five-year loan prime rates were last lowered in April 2020. The one-year loan prime rate was cut by 20 basis points and five-year rate by 10 basis points in April.

Consumer confidence in Australia took a hit in January, the latest survey from Westpac Bank revealed on Wednesday with a consumer confidence index score of 107.0. That's down from 112.0 in December, although it remains above the line of 100 that separates optimism from pessimism. The January reading...

Australia will on Wednesday see January results for the consumer confidence index from Westpac, highlighting a light day for Asia-Pacific economic activity. In December, the index climbed 4.1 percent to a score of 112.0. Taiwan will provide December data for export order, with forecasts suggesting...

Germany's economy is set to grow 3.5 percent this year after a 5.4 percent contraction in the coronavirus-hit 2020, the International Monetary Fund said in a report released Tuesday. The economic recovery in the biggest euro area economy would be choppy and unevenly distributed across sectors, and...

The International Monetary Fund projected France's economic growth at 5.5 percent for this year, after an estimated 9.0 percent slump in 2020, a year ravaged by the coronavirus pandemic. The medium-term output will remain below the pre-crisis trend as impaired balance sheets and higher unemployment...

Italy's current account surplus increased in November from the previous year, the Bank of Italy reported Wednesday. The current account surplus rose to EUR 7.11 billion from EUR 5.09 billion last year. The good surplus increased to EUR 6.65 billion from EUR 5.07 billion. At the same time, the...

Eurozone's construction output rose in November, data form Eurostat showed on Tuesday. The construction output increased 1.4 percent month-on-month in November, after remaining unchanged in October. In September, output dropped 2.7 percent. Production in building construction rose 1.0 percent monthly...

Eurozone banks tightened lending conditions across all loan categories in the fourth quarter, the January Bank Lending Survey from the European Central Bank showed Tuesday. The banks credit standards for loans to enterprises, loans to households for house purchases and consumer credit were tightened...

Portugal's producer prices declined further in December, figures from Statistics Portugal showed on Tuesday. The producer price index decreased 4.0 percent year-on-year in December, following a 4.7 percent decline in November. Excluding the energy group, producer prices fell 0.7 percent in December,...

Ireland's residential property prices grew in November, data from the Central Statistics Office showed on Tuesday. The residential property price index gained 0.2 percent year-on-year in November, after a 0.5 percent decline in October. In the capital region Dublin, residential property prices...

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