Euro zone sentiment hits three year high, inflation expectations jump
The data showed that the Economic sentiment improved by more than expected to a three-year high in May. This is due to the strongest gains in services, retail and among consumers as governments eased pandemic restrictions. The European Commission’s economic sentiment index rose to 114.5 points in May from 110.5 in April. This is highest […]
UK inflation more than doubles to 1.5% in April
British consumer price inflation more than doubled in April. The Bank of England hopes that this will be a temporary surge, because the economy is recovering from last year’s slump due to the pandemic. The Office for National Statistics said that the Consumer prices rose by 1.5% in April. This follows a 0.7% rise in March. […]
Euro zone inflation accelerates in April on energy, services
The European Union’s statistics office Eurostat said that the Euro zone inflation accelerated as expected in April. This is because of a sharp rise in the costs of energy and services. The consumer prices in the 19 countries sharing the euro rose 0.6% month-on-month for a 1.6% year-on-year increase, up from 1.3% year-on-year in March said […]
Jump in German producer prices points to higher inflation pressure
As per the data the German producer prices rose by 5.2% year-on-year in April. This is the biggest increase in nearly a decade. The rise in producer prices followed a 3.7% year-on-year increase in March. The federal statistics office said that when compared to the previous month, producer prices were up 0.8% in April. The […]
Asia shares falls on worries over inflation, Fed outlook
Asian shares declined in early trade as Wall Street retreated on worries about accelerating inflation. This prompted investors to cut back on their exposure to growth-focused stocks on bets of higher interest rates in the not-too-distant future. A host of Federal Reserve speakers will likely to give markets plenty to consider as policymakers assess how […]
Philippine Central Bank holds rate at record low, signals no change anytime soon
As policymakers focus on supporting an economy which is showing signs of recovering after shrinking for five consecutive quarters, the Philippine central bank left its key interest rate steady at a record low. As predicted by the economists, the Bangko Sentral ng Pilipinas (BSP) kept the rate on the overnight reverse repurchase facility at 2.0% […]
Eurozone gets Inflation Positive
Inflation in the Eurozone returned to positive zone and all the credits go to the higher prices for services and industrial goods mainly. The Euro’s annual stats rate was 0.9 percent in January 2021, up from -0.3 percent in December, according to Eurostat, the statistics office for the European Union (EU). This is probably the […]