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Consumer prices in Turkey, according to official data, rose in May by 18.7% in annual terms. Compared with the April price increase of 19.5%, inflation in the country slowed down, which is observed for the second month in a row. Economists had predicted a lower slowdown in inflation - up to 19.3%. Relative to the previous month, consumer prices rose 0.95% after rising 1.7% in April. The Core CPI index, which does not include the cost of energy and foodstuffs, showed an annual increase of 15.8% in May, also slowing down growth relative to an increase of 16.3% in the previous month. Official data on the dynamics of producer prices in the country showed their growth in May by 28.7% in annual terms, whereas a month earlier it was at the level of 30.1%.
The reimplementation of virus-related lockdowns in some states dragged the U.S. economic outlook in the past month, according to economists in a Reuters poll who also warned that the monitored rebound in employment may reverse by the end of ...
Japan's industrial output is expected to recover in June from a double-digit decline in May amid hopes that factory activity may have reached its lowest due to the coronavirus pandemic, according to a Reuters’ poll of 13 economists. While ...
Renault SA (RENA.PA) announced on Monday that its global car sales fell by 34.9% in the first half of the year due to the impact of the coronavirus pandemic. However, the company said that it had seen some signs of recovery in June. The French ...
The Bank of Thailand chief on Monday said that it could take several years for the country’s foreign tourism industry to recover as the economy continues to take a beating from the COVID-19 pandemic. The central bank expects foreign ...
June had seen Philippine inflation advancing faster than what was initially thought. This followed after one of the world’s longest coronavirus lockdowns was lifted. Moreover, food, fuel prices, and the transport index were seen at higher ...
KYC Policy