October 27, 2024 8:53 am
Consumer morale in Italy has weakened in October, data by the National Institute of Statistics showed. The gauge of consumer confidence came in at a reading of 97.4 in October, while easing from 98.3 in September. The latest figure fell short of market consensus of 98.5, but it remained above the average for the year. […]
Read moreOctober 26, 2024 3:04 pm
India’s foreign exchange reserves have continued to ease from the record high of $704.9 billion registered in the last week of September. Foreign exchange reserves held by the Reserve Bank of India decreased to $688 billion as of October 18th, the latest data showed. The result was largely attributed to an outflow of foreign capital […]
Read moreOctober 26, 2024 12:19 pm
The Ifo Business Climate gauge for Germany has risen for the first time in six months in October, data by the Ifo Institute showed. The index came in at a reading of 86.5 in October, up from 85.4 in September. The latter has been the gauge’s lowest level since January. The latest reading also exceeded […]
Read moreOctober 25, 2024 8:27 am
Singapore’s manufacturing output has increased at an annualized rate of 9.8% in September, while slowing sharply from a 22% YoY rise in August. Still, the latest data far exceeded market consensus of a 3.5% growth. In September, production of electronics slowed sharply, up 1.9% YoY after a 50% YoY surge in August. On the other […]
Read moreOctober 24, 2024 7:08 am
South Korea’s GDP has expanded 0.1% quarter-on-quarter in Q3 of 2024, following a 0.2% contraction in the second quarter, a preliminary estimate showed. Yet, the latest figure fell short of market consensus of a 0.5% growth. Economic growth was driven mostly by higher private and government consumption. Private consumption rose 0.5% quarter-on-quarter in Q3, as […]
Read moreOctober 23, 2024 7:14 am
Annual consumer inflation in Singapore has eased to 2% in September from 2.2% in August, data by Statistics Singapore showed. It has been the lowest inflation level since March 2021. The actual figure compares with market consensus of 1.9%. Food inflation has been the lowest in 31 months, at 2.6%, while easing from 2.7% in […]
Read moreOctober 21, 2024 8:23 am
The People’s Bank of China has lowered benchmark lending rates to fresh record lows, as it stepped up efforts to spur economic growth. The 1-year loan prime rate, a benchmark for the majority of corporate and household loans, was reduced by 25 basis points to 3.1% at the October fixing. The 5-year loan prime rate, […]
Read moreOctober 20, 2024 2:49 pm
Italy’s current account surplus has increased to EUR 1.358 billion in August, data showed, from EUR 757 million in August 2023. The nation’s services surplus expanded to EUR 1.2 billion in August from EUR 516 million a year earlier, as services credits rose to EUR 14.1 billion from EUR 13.5 billion. Italy’s primary account deficit […]
Read moreOctober 19, 2024 11:40 am
India’s foreign exchange reserves have continued to ease from the record high of $704.9 billion registered in the last week of September. Foreign exchange reserves held by the Reserve Bank of India decreased to $690.4 billion as of October 11th, the latest data showed. The result was largely attributed to an outflow of foreign capital […]
Read moreOctober 19, 2024 10:47 am
Singapore’s non-oil domestic exports were reported to have increased 2.7% year-on-year in September, while slowing sharply from a 10.7% YoY growth in August. A consensus of analyst estimates had pointed to a much faster increase, by 9.5% YoY. In September, shipments of electronic products rose 4% YoY, which has been a sharp drop from the […]
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