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ukpmi aug03 23sep22 The UK private sector shrank at the fastest pace since early 2021 on the negative impacts of high costs and a weaker economic outlook, flash survey results from S&P Global and the Chartered Institute of Procurement & Supply showed Friday. The composite output index came in at a 20-month low of 48.4 in September versus 49.6 in the previous month. The score was forecast to ease moderately to 49.0.

Ireland's wholesale price inflation eased in August after remaining stable in the previous month, data from the Central Statistics Office showed on Friday. Output prices in the manufacturing industries rose 4.7 percent year-over-year in August, slower than the 6.2 percent rise in July. Factory...

UK retail sales declined sharply in September on the cost of living crisis, the Distributive Trades Survey from the Confederation of British Industry showed Friday. The retail sales balance fell more-than-expected to -20 percent in September from +37 percent in August. The score was seen at +10 percent....

eurozonepmi nov23 23sep22 The Eurozone economic downturn deepened in September with worsening performances in both manufacturing and services with demand easing sharply as a result of the cost of living crisis, flash survey results from S&P Global showed Friday. The flash composite output index declined to a 20-month low of 48.2 in September from 48.9 in the previous month. The reading came in line with expectations.

Germany's private sector activity deteriorated more-than-expected in August, and logged the worst performance for over two years amid a backdrop of persistently high inflation, economic uncertainty and increased energy costs, flash survey data from S&P Global showed on Friday. The flash composite...

Spain's economy rebounded more than initially estimated in the three months ended June, latest data from the statistical office INE showed on Friday. Gross domestic product advanced 1.5 percent quarter-on-quarter, reversing a revised 0.2 percent contraction in the first quarter. The second quarter...

Poland's unemployment rate dropped unexpectedly in August, though marginally, figures from the statistical office showed on Friday. The unemployment rate fell to 4.8 percent in August from 4.9 percent in July. Meanwhile, economists had forecast the rate to remain stable at 4.9 percent. In the corresponding...

France's private sector growth unexpectedly improved in September driven by the services activity, flash survey results from S&P Global showed on Friday. The composite output index rose to 51.2 in September from a 17-month low of 50.4 in August. The reading was forecast to fall to 49.8. A score above...

Lithuania's industrial production expanded sharply in August, primarily driven by strong output growth in the power sector, data from Statistics Lithuania showed on Friday. Industrial production climbed a working-day adjusted 14.4 percent year-on-year in August. Production in the electricity sector...

preview oct22 23sep22 Flash Purchasing Managers' survey results from the euro area and the UK are due on Friday, headlining a busy day for the European economic news. At 3.00 am ET, S&P Global releases France flash Purchasing Managers' survey data for September. The composite output index is forecast to fall to 49.8 from 50.4 in August.

The Dutch economy expanded at the fastest pace in a year in the second quarter, as initially estimated, second estimates from the Central Bureau of Statistics showed Friday. Gross domestic product grew 2.6 percent from the first quarter, in line with the estimate released on August 17. The economy...

Turkey's central bank cut its key interest rates unexpectedly for the second straight time in its September meeting, despite elevated inflation, a weakening lira, and recession risks, and assessed that the current level of policy rates is adequate under the current outlook. The Monetary Policy Committee,...

Turkey's consumer confidence improved to its highest level in six months, figures from the consumer tendency survey carried out by Turkstat and the central bank showed on Thursday. The seasonally adjusted consumer confidence index rose to 72.4 in September from 72.2 in August. The latest reading...

Hungary's unemployment rate rose marginally during the June to August period, data from the Hungarian Central Statistical Office showed on Thursday. The unemployment rate increased to 3.4 percent in June-August from 3.3 percent in May-July. The number of unemployed persons increased to 165,500...

bankofengland 071119 22sep22 The Bank of England raised the benchmark rate by a half percentage point on Thursday, defying expectations for a bigger move, as policymakers assessed that the UK economy has already landed in a recession. The Monetary Policy Committee decided to raise the bank rate by 50 basis points to 2.25 percent from 1.75 percent, in a three-way split vote.

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