UK Inflation Weakest In More Than 2 Years

UK consumer price inflation reached its lowest level in more than two years in November, strengthening calls for early rate cuts even as Bank of England remains more cautious on signaling future easing. The consumer price index rose 3.9 percent year-on-year, which was slower than the 4.6 percent increase in […]

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Eurozone 0.1% Q3 GDP Contraction Confirmed

The euro area economy contracted marginally in the third quarter as previously estimated, solely due to weaker global demand, suggesting that the currency bloc is on the verge of a recession. Gross domestic product shrunk 0.1 percent quarterly, offsetting the 0.1 percent expansion in the second quarter, data published by […]

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German Industrial Production Falls Unexpectedly

Germany’s industrial production declined unexpectedly in October driven by the fall in machinery and equipment output, reinforcing fears of a recession at the end of this year. Industrial production logged a monthly fall of 0.4 percent in October, slower than the revised 1.3 percent decrease in September. However, production marked […]

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Eurozone Factory Sector Downturn Slows

Euro area manufacturing sector remained in the contraction zone but deterioration in production and orders slowed, survey results from S&P Global showed on Friday. The final HCOB manufacturing Purchasing Managers’ Index posted 44.2 in November, up from 43.1 in October. This was the highest since May and above the flash […]

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UK Mortgage Approvals Hit 3-Month High

UK mortgage approvals increased more than expected to a three-month high in October signaling a slowdown in the housing market downturn after the central bank kept interest rates unchanged in September and November. Net mortgage approvals for house purchases rose to a three-month high of 47,400 in October from 43,700 […]

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German Consumer Confidence Rises In December

Consumer morale in Germany rose moderately in December amid the slowing inflation but sentiment stayed at a very low level signaling no signs of sustainable recovery, survey results published jointly by GfK and the Nuremberg Institute for Market Decisions, showed on Tuesday. The consumer confidence index rose to -27.8 in […]

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