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Consumer prices in Sweden rose by 1.9% in annual terms in March, maintaining a stable level of inflation for two consecutive months, official statistics showed. According to economists, inflation was expected to drop to 1.8%. The price for food, fuel and clothing increased, while prices for electricity and books decreased. Consumer price growth in the past month slowed to 0.2% against the February increase of 0.7%. The growth rate was observed for two months in a row. Another data from the statistical office showed that housing in Sweden in the first quarter fell by 1% compared to the last quarter of last year. At the same time, compared to the same quarter of the previous year, prices remained stable.
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
Spain’s unemployment rose to 15.33% for the second quarter of 2020, according to Tuesday’s data from the National Statistics Institute amid the worsening COVID-19 situation in the country. The unemployment rate surged past the ...
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