May 14, 2024 9:10 am
Producer and import prices in Switzerland decreased at an annual rate of 1.8% in April, the latest data by the Swiss Federal Statistical Office showed on Tuesday. It has been the 12th consecutive month of year-on-year decline, but yet, the slowest since December 2023. The nation’s producer prices dropped at a softer rate in April, […]
Read moreMay 14, 2024 8:13 am
Annual consumer price inflation in Germany was confirmed at 2.2% in April, or unchanged compared to March, a final estimate by the Federal Statistical Office showed on Tuesday. It has been the lowest CPI inflation reading since May 2021. Last month, services inflation slowed to 3.4% from 3.7% in March, while energy costs dropped at […]
Read moreMay 13, 2024 10:27 am
Consumer morale in Switzerland remained almost unchanged from a month ago in April, with the gauge of confidence coming in at a reading of -38.1, down from -38 in March. The latter has been the highest level of confidence since July 2023. The latest figure remained considerably below the long-term average level, the State Secretariat […]
Read moreMay 12, 2024 2:28 pm
The jobless rate in Canada remained stable at 6.1% in April, data by Statistics Canada showed. It has been the highest unemployment rate since October 2021. In comparison, a consensus of analyst estimates had pointed to an increase to 6.2%. The number of unemployed individuals in the country went up by 17,100 from the prior […]
Read moreMay 11, 2024 3:21 pm
Sweden’s industrial production has expanded at an annual rate of 2.9% in March, while rebounding after a revised up 2.5% contraction in the prior month. In March, production growth picked up for mining & quarrying (10.4% YoY compared to 5% YoY in February). Meanwhile, manufacturing output rebounded in March (2.5% YoY after a 2.8% YoY […]
Read moreMay 11, 2024 11:10 am
Norway’s annual consumer price inflation has decelerated to 3.6% in April from 3.9% in March, the latest data by Statistics Norway showed. In comparison, a consensus of analyst estimates had pointed to an annual rate of 3.4%. It has been the lowest CPI inflation rate since September 2023. In April, inflation slowed for housing & […]
Read moreMay 9, 2024 12:09 pm
The Bank of England left its benchmark interest rate unchanged at a 16-year high of 5.25% at its policy meeting in May, in line with market expectations. Yet, it became clear that two Monetary Policy Committee members had voted in favor of a 25 basis point rate cut. Borrowing costs have now been left on […]
Read moreMay 8, 2024 2:18 pm
Manufacturing production in Norway was reported to have increased at a monthly rate of 5.4% in March, while rebounding from a revised down 1% slump in February. In March, production rebounded for textiles, wearing apparel & leather (8.7% month-over-month after a 0.5% drop in February), refined petroleum, chemicals & pharmaceuticals (5.8% month-over-month after a 5.2% […]
Read moreMay 8, 2024 9:40 am
Retail sales in Italy unexpectedly stalled from a month ago in March following a 0.2% increase in February, the latest data by the National Institute of Statistics showed. In comparison, a consensus of analyst estimates had pointed to a 0.2% rise. Italy’s latest figure came in contrast with a 0.8% sales growth in the Euro […]
Read moreMay 8, 2024 8:11 am
The Swedish Krona weakened sharply against the Euro on Wednesday, after Riksbank cut its benchmark policy rate by 25 basis points to 3.75% at its May policy meeting, in line with market consensus. It has been the first rate cut since 2016, which followed the tightening cycle that began two years ago. With CPI inflation […]
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