Germany's wholesale prices grew at the fastest pace since early 2023 in April as the war in the Middle East lifted energy and raw material prices, Destatis reported Wednesday.Wholesale prices increased 6.3 percent on a yearly basis in April, following March's 4.1 percent increase. The latest inflation was the highest since February 2023.The main reason for the annual increase in wholesale prices w...
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.