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uk budget 042517 27oct21 UK Chancellor Rishi Sunak raised the public spending by a massive GBP 150 billion in an effort to underpin a strong economic recovery after the crisis caused by the coronavirus pandemic. That will be the largest increase this century, with spending growing by 3.8 percent a year in real terms by 2024-25,...

Austria's manufacturing sector growth weakened in October as supply bottlenecks and acute price pressures acted as brakes on activity, data published by IHS Markit showed on Wednesday. The headline UniCredit Bank Austria Manufacturing Purchasing Managers' Index fell to 60.6 in October from 62.8 in...

Italy's trade surplus decreased in September from the same month last year, data published by the statistical office Istat showed on Wednesday. The trade surplus decreased to EUR 1.671 billion in September from EUR 5.273 billion in the same month last year. In August, trade surplus was EUR 1.597 billion. Exports...

France's producer price inflation accelerated in September driven by the surge in petroleum product prices, figures released by the statistical office Insee showed on Wednesday. Producer price inflation in the domestic market advanced to 11.6 percent in September from 10.0 percent in August. Prices...

The German government raised its growth projection for next year but lowered its forecast for the current year as the supply bottlenecks continued to weigh on industrial activity. Gross domestic product is expected to climb 4.1 percent in 2022 instead of 3.6 percent estimated previously, the economy...

Eurozone money supply grew at a slower pace in September and the growth in credit to the private improved from the last year, the European Central Bank reported Wednesday. The monetary aggregate M3 expanded 7.4 percent year-on-year in September, slower than the 7.9 percent increase in August and...

Sweden's trade surplus increased in September from a year ago, figures from Statistics Sweden showed on Wednesday. The trade surplus rose to SEK 6.3 billion in September from SEK 2.8 billion in the same month last year. In August, the trade deficit was SEK 10.5 billion. On an annual basis, exports...

French consumer confidence weakened in October, monthly survey results from the statistical office Insee showed on Wednesday. The consumer confidence index fell to 99 in October from 101 in September. The reading was forecast to fall to 101 from September's initially estimated value of 102. Households'...

UK shop prices declined at a slower pace in October, data published by the British Retail Consortium showed on Wednesday. Shop prices slid 0.4 percent year-on-year in October after a 0.5 percent drop in the previous month. Food prices grew 0.5 percent annually, the biggest annual growth since...

Germany's import prices rose at the fastest pace in four decades in September, preliminary data from Destatis showed Wednesday. The import price index climbed 17.7 percent year-on-year following a 16.5 percent rise in August. Economists had forecast an 18.0 percent increase. The latest inflation...

Turkey's trade deficit narrowed in September from last year, the Turkish Statistical Institute showed on Wednesday. The trade deficit narrowed to $2.547 billion in September from $4.856 billion in the same period last year. In August, trade deficit was $4.3 billion. Exports accelerated 30.0 percent...

Turkey's economic confidence weakened in October, figures from the Turkish Statistical Institute showed on Wednesday. The economic confidence index fell to 101.4 in October from 102.4 in September. In the same month last year, the confidence index was 97.2. The consumer confidence index decreased...

German consumer confidence is set to improve in November on increasing propensity to consume, survey results from the market research group Gfk showed on Wednesday. The forward-looking consumer confidence index rose to 0.9 in November from revised 0.4 in October. Economists had forecast the index...

Denmark's retail sales declined for the third straight month in September, figures from Statistics Denmark showed on Wednesday. Retail sales fell a seasonally adjusted 1.1 percent month-on-month in September, following a 0.9 percent declined in August. Sales of clothing and other goods decreased...

Finland's consumer confidence weakened and industrial morale improved in October, separate survey results showed on Wednesday. The consumer sentiment index decreased to 2.7 in October from 6.0 in September, Statistics Finland said. Among the four components, both consumers' expectations and views...

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