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The UK service sector logged the weakest performance in nineteen months in September, as the energy crisis continued to hit business and consumer spending, final data from S&P Global showed Wednesday. The Chartered Institute of Procurement and Supply final services Purchasing Managers' Index stood...

Iceland's central bank raised its benchmark rate for the fifth time this year to contain high inflation. The Monetary Policy Committee of the Central Bank of Iceland on Wednesday hiked its key seven-day term deposit rate by a quarter-point to 5.75 percent from 5.50 percent. The central bank has...

Romania's central bank hiked the key policy rate for the ninth session in a row, in a bid to rein in inflation and to support the economy. The NBR Board decided to increase the monetary policy rate to 6.25 percent from 5.50 percent, the National Bank of Romania said in a statement on Wednesday. Economists...

eurozonepmi oct24 05oct22 The euro area private sector business activity contracted at the sharpest pace since January 2021 as output in both manufacturing and services sectors declined at faster rates amid high inflation, rising economic uncertainty and weakening demand, final survey results from S&P Global showed on Wednesday. The final composite output index fell to a 20-month low of 48.1 in September from 48.9.

Spain's service sector activity contracted for the first time this year amid a fall in sales, survey results from S&P Global showed on Wednesday. The services Purchasing Managers' Index dropped to 48.5 in September from 50.6 in August. Any score below 50.0 indicates contraction in the sector. The...

Sweden's service sector activity expanded at the slowest pace in just over two years in September, survey data from Swedbank and the logistics association Silf showed on Wednesday. The purchasing managers' index for the services sector dropped to 55.1 in September from 58.6 in August. However, a reading...

Russia's service sector activity returned to growth territory in September, though the rate of expansion was only marginal amid a slower rise in new orders, survey data from S&P Global showed on Wednesday. The seasonally adjusted services Purchasing Managers' Index, or PMI, rose to 51.1 in September...

germanytrade1 dec09 05oct22 Germany's exports and imports rebounded in August with the increase in imports exceeding that of exports, data from Destatis showed on Wednesday. Exports grew 1.6 percent on a monthly basis in August, offsetting a 1.6 percent fall in July. Economists had forecast shipments to climb 1.1 percent.

Ireland's services activity expanded at the weakest pace in the current 19-month sequence of growth, as inflationary pressures on demand undermined the outlook, survey data from S&P Global showed on Wednesday. The AIB Ireland services Purchasing Managers' Index fell to 54.1 in September from 54.7...

previewimage sept25 05oct22 Foreign trade from Germany and final Purchasing Managers' survey results from major euro area economies are due on Wednesday, headlining a busy day for the European economic news. At 2.00 am ET, Destatis is scheduled to issue Germany's external trade figures. Exports and imports are forecast to grow 1.1 percent each on a monthly basis in August.

Latvia's industrial production declined for the second successive month in August due to a contraction in manufacturing output, data from the Central Statistical Bureau showed on Tuesday. Industrial production dropped a calendar adjusted 0.3 percent year-on-year in August, well below the 2.9 percent...

Eurozone producer price inflation accelerated more-than-expected to a fresh record high in August amid soaring energy prices, data released by Eurostat showed on Tuesday. Producer prices climbed 43.3 percent year-on-year in August, faster than the revised 38.0 percent rise in July. That was just above...

Spain's unemployment registered a moderate increase in September, but the total number of unemployed reached the lowest for the month of September since 2008, the labour ministry said Tuesday. The number of people out of work increased 0.6 percent, or 17,679 in September from August. The number...

Romania's producer price inflation accelerated for the third straight month in August, data from the National Institute of Statistics showed on Tuesday. Producer prices surged 53.0 percent year-on-year in August, following a 52.3 percent increase in July. Prices have been rising since December 2020. Prices...

preview2 sept20 04oct22 Unemployment data from Spain and producer prices from the euro area are due on Tuesday, headlining a light day for the European economic news. At 2.00 am ET, the National Institute of Statistics is scheduled to issue Romania's producer prices for August.

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