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After reporting an unexpected decline in regional manufacturing activity in the previous month, the Federal Reserve Bank of new York published on Monday a report showing that the activity recovered slightly in July. The new York fed noted that business activity index rose to 4.3 in July with negative values -8,6 in June, while a positive value indicates growth in manufacturing activity in the region. Economists had expected the index to rise to 2.0. Greater-than-expected rebound of the index of business conditions has occurred after it recorded its first negative value in more than two years in the previous month.
Industrial activity in Germany will remain sluggish amid moderate external demand and the growth of the service sector is likely to stop. All this signals the fact that the development of the German economy will be weak in the second quarter. "After the surprisingly strong growth of the German economy in the first quarter, current economic indicators signal weak development in the second quarter," - said in the monthly report of the Ministry of economy on Monday. In the first quarter the German economy grew by 0.4% over the quarter, for the first time in three quarters. The Bundesbank said in its June monthly report that the economy is slightly reduced in the second quarter as exports remain weak and industrial decline is likely to continue. The Bank...
Trade Surplus Ireland increased in may, as exports rose and imports decreased, as evidenced by data from the Central statistical office showed on Monday. The visible trade surplus increased to 6.5 billion euros in may, from 5.3 billion euros in April. The volume of export taking into account seasonal fluctuations has increased by 5.0 percent month-on-month in may, while imports declined by 8.0 percent. In annual terms, exports grew by 14.0 percent in may, while imports decreased by 2.0 percent. Shipments in the UK increased by 4.0 percent yoy in may, while imports decreased by 4.0 percent.
Consumer price Inflation in Poland rose for the fifth straight month in June, as evidenced by the final data from Statistical office of Poland showed Monday. The consumer price index rose 2.6 percent in June after rising 2.4 percent in may. The statistical office confirmed the preliminary estimate published on 28 June. Prices for food and non-alcoholic beverages increased in June by 5.7 percent annually, while prices in restaurants and hotels, as well as prices of leisure activities and cultural events grew by 4.1 and 3.4 percent, respectively. On a monthly basis, consumer prices grew by 0.3 percent in June after rising 0.2 percent in the previous month.
According to the National statistical Institute, published on Monday, consumer price inflation in Bulgaria slowed to its lowest level in six months in June. The consumer price index rose 2.8 percent in June after rising 3.5 percent in may. The latest inflation was the slowest since December of last year, when inflation was 2.7 percent. Prices in restaurants and hotels in June rose by 5.4 per cent year on year. The prices for communications fell 1.3 percent. On a monthly basis, consumer prices dropped 0.6 percent in June after rising 0.1 percent in the previous month. The harmonized index of consumer prices, as measured by EU standards, or HICP, increased by 2.3 percent year-on-year in June. Compared to the previous month, the HICP rate remained unchanged.
Consumer price Inflation in Slovakia slowed in June after rising in the previous month, as evidenced by data from the Statistical office of the Slovak Republic showed Monday. The consumer price index in June increased 2.6 percent compared to the same period last year following a 2.7% increase in may. In April, inflation amounted to 2.3 percent. Prices for housing, water, electricity, gas and other fuels in June grew by 4.1 percent annually, while prices in restaurants and hotels - by 4.0 percent. Prices for food and non-alcoholic beverages; alcohol and tobacco increased by 3.9 percent and 2.3 percent, respectively. On a monthly basis, the consumer price index increased 0.1 percent in June after rising 0.3 percent in the previous month.
The wholesale price Inflation in India slowed faster than expected in June, as evidenced by data from the Ministry of trade and industry showed Monday. The wholesale price index increased by 2.02 percent year-on-year in June after rising by 2.45 percent in may. Economists had expected a increase of 2.26 percent. The inflation rate in the financial year amounted to 1.33 percent in June, compared with 2.41 percent in the corresponding period last year. Wholesale food prices in June increased by 1.1 percent, while wholesale prices of nonfood goods increased 0.7 percent. The price of fuel and electricity in June fell 1.3 percent, while prices of manufactured goods remained unchanged.
According to data from statistics Denmark showed Monday, producer prices in Denmark fell at the fastest pace in three years in June. The producer price index fell by 2.5 percent year-on-year in June after falling 0.4 percent in may. The latest reading was the lowest since may of 2016, when producer prices dropped 3.6 percent. Prices in the domestic market fell by 2.6 percent year-on-year in June, while foreign market prices dropped 2.9 percent. The index of import prices eased 0.3 percent year-on-year in June and 0.8 percent compared to the previous month. On a monthly basis, producer prices marked a decline of 0.8 percent in June after falling 0.4 percent in the previous month.
Producer Prices and import prices in Switzerland declined in June, as evidenced by data from the Federal statistical office showed Monday. The producer price index and imports declined 1.4 percent annually in June. On a monthly basis, the index fell 0.5 percent in June due to lower prices for oil and metal products. Producer prices fell 0.2 percent month-over-month by 0.7 percent compared to June 2018. At the same time, import prices dropped 1 percent month-on-month and 2.8 percent year-on-year in June.
In June, exports to Indonesia fell by more than expected. This is evidenced by data from Statistics Indonesia showed Monday. The volume of exports declined by 8.98 percent annually in June, more than the predicted fall by 6.75 per cent. Meanwhile, imports grew 2.8 percent year-on-year. Economists had forecast a decline of 0.85 percent. However, the trade balance showed a slight surplus of 0.2 billion U.S. dollars in June, compared with a preliminary estimate of 0.7 billion US dollars. According to the data on a monthly basis, exports plunged 20.54 percent, and imports decreased by 20.7 percent.
Inflation of consumer prices in Finland has slowed to the lowest level for the year in June, as evidenced by data from Statistics Finland showed Monday. The consumer price index rose by 1.0 percent year-on-year in June after rising 1.2 percent in may. The latest inflation was the slowest since may last year, when inflation was 1.0 percent. The rise in consumer prices compared with the previous year was mainly restrained by the decline in prices for mobile phones, private houses, TVs and used cars. On a monthly basis, consumer prices increased 0.1 percent in June. Harmonized inflation, measured by EU standards, was 1.1 percent in June. The corresponding figure for the Eurozone was 1.2%. On a monthly basis, the harmonized index of consumer prices remained...
The Growth of export volumes in the Netherlands has improved in may after slowing in the previous month, as evidenced by data from the Central Bureau of statistics showed Monday. Another report from the statistical office showed that retail sales growth in may accelerated due to sales of non-food items. The volume of exports grew by 1.5 percent year-on-year in may after rising 0.8 percent in April. In may, major groups, which showed export growth was machinery and chemical products. The volume of imports increased by 3.0 percent in may compared to the previous year. Retail sales grew 3.1 percent in annual terms in may after rising 2.2 percent in the previous month. Sales of non-food goods grew by 3.5 percent year on year, while sales of food products...
Housing Prices in the UK fell for the first time this year in July, according to property website Rightmove showed Monday. Housing prices declined 0.2% m / m in July after rising 0.3% in June. In annual terms, housing prices fell 0.2%, as uncertainty about Brakcet continued to weigh on the confidence of buyers. However, a survey of the Royal institution of chartered surveyors last week showed signs of improved sentiment in the housing market. The survey showed that the interest of buyers to new housing rose for the first time since November of 2016.
In June, inflation in India accelerated more than expected, as evidenced by data the Ministry of statistics showed Friday. The consumer price index rose by 3.18% in annual terms, after rising by 3.05% in may. Economists had forecast a price increase of 3.13%. Inflation in food prices increased from 1.83% to 2.17%. In June, the Reserve Bank of India lowered the key interest rate by a quarter basis points, the third time in a row, to its lowest level since 2010, and changed its monetary policy from neutral to accommodative. Given the impact of lower rates on the world economy and forecasts for its stabilization, the Bank has lowered the inflation rate to 3.0-3.1 percent for the first half of fiscal year 2020 and to 3.4-3.7% in the second half.
Today's report by the U.S. labor Department showed that producer prices in the country unexpectedly rose in June. While a day earlier the Ministry has already surprised the market by raising consumer prices. According to the Ministry, the producer price index rose by 0.1% in June. The same rate was observed in may. Economists expect that producer prices will remain unchanged. Excluding food and energy, core producer prices rose 0.3 percent in June after rising 0.2% in may. It was expected that base rates will rise again by 0.2%.