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Economy And The Numbers

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Hungary's central bank left its key interest rate unchanged for a third policy session in a row and said it expects the economic recovery to take more time due to the second wave of coronavirus infections. The Monetary Council left the base rate unchanged at 0.60 percent, the Magyar Nemzeti Bank...

gertjanvlieghe oct20 Bank of England policymaker Gertjan Vlieghe said additional monetary stimulus is needed as the coronavirus pandemic poses downside risks to the economy. It appears that the downside risks to the economic outlook are starting to materialize, he said in a speech on Tuesday. "The outlook for monetary policy is skewed towards adding further stimulus."

Croatia's unemployment rate fell in September from the previous month, figures from the Croatian Bureau of Statistics showed on Tuesday. The registered unemployment rate decreased to 8.8 percent in September from 9.0 percent in August. The number of unemployed persons decreased 2.6 percent to...

Luxembourg's unemployment rate fell for a fifth straight month in September to the lowest in six months, figures from the statistical office STATEC showed on Tuesday. The jobless rate fell to a seasonally adjusted 6.3 percent in September from 6.4 percent in August. The rate was the lowest since March,...

The euro area current account surplus increased in August, the European Central Bank said Tuesday. The current account surplus rose to EUR 20 billion from EUR 17 billion in July. The surplus on trade in goods climbed to EUR 32 billion from EUR 30 billion, while the surplus on services fell to...

Portugal's producer prices fall further in September, though at a softer pace, figures from Statistics Portugal showed on Tuesday. The producer price index decreased 4.6 percent year-on-year in September, following a 5.0 percent decline in August. Excluding the energy group, producer prices fell...

Hong Kong's jobless rate rose in the July to September period, data from the Census and Statistics Department showed on Tuesday. The jobless rate rose to 6.4 percent during the July to September period from 6.1 percent in the June to August period. The underemployment rate remained unchanged at...

Italy's construction output growth rose for a fourth month in a row and at a solid rate in August, data from the statistical office ISTAT showed on Tuesday. The construction output grew a seasonally adjusted 12.9 percent month-on-month in August, following a 4.5 percent rise in July. In June, output...

Taiwan's export orders grew more than expected in September, data from the Ministry of Economic Affairs showed on Tuesday. Export orders grew 9.9 percent year-on-year in September. Economists had forecast a growth of 9.0 percent. Orders rose 13.6 percent in August. Orders for electronic products...

Poland's industrial production grew more than expected in September, data from Statistics Poland showed on Tuesday. Separate data showed that producer prices declined at a faster pace in September due to lower cost in manufacturing. Industrial production grew 5.9 percent annually in September,...

Policymakers of the Reserve Bank of Australia said further easing of monetary policy would gain more traction than earlier as the economy reopens up. At the monetary policy meeting held in October, board members observed that some parts of the transmission of easier monetary policy had been impaired...

South Africa's leading index increased in August, survey data from the South African Reserve Bank showed on Tuesday. The leading index rose 3.7 percent to 103.5 in August from 99.9 in July. All the ten components increased in August as activity level in the economy continued to rebound following...

Swiss exports grew at a faster rate in the third quarter, data from the Federal Customs Administration showed on Tuesday. Exports rose by a real 9.9 percent sequentially in the third quarter, after a 12.2 percent decrease in the second quarter. Imports increased 9.0 percent in the third quarter,...

Estonia's producer prices continued to decline in September, data from Statistics Estonia showed on Tuesday. The producer price index declined 2.4 percent year-on-year in September. Prices of manufacturing fell 1.9 percent annually in September. Prices for electricity, gas, steam and air conditioning...

Finland's jobless rate fell in September, figures from Statistics Finland showed on Tuesday. The jobless rate for the 15 to 74 age group fell to 7.6 percent in September from 7.7 percent in August. In the same month last year, the unemployment rate was 5.9 percent. The number of unemployed persons...

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