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In November, producer prices in Germany rose from the previous month by 3.3%, the fastest rates since April 2017, finversia.ru writes, referring to the data of the Federal Statistical Office. The inflation rate in November exceeded the forecasts of experts who had expected prices to rise by 3.1%. Rising prices were recorded for most categories of goods. Energy prices went up by 8.9%, petroleum products - by 19%. Rising prices for semi-finished products amounted to 2.4%, for durable goods - 1.8%. Durable goods prices showed a smaller increase - by 0.4%. Relative to October, producer prices increased by 0.1%, slowing growth compared with an increase of 0.3% in October.
The Dollar traded lower earlier on Thursday in European markets after new hope of an economic recovery in Europe bolstered sentiment. The Dollar index fell by 0.1% to 954.808 at 3:10 AM ET (0710 GMT), gaining only slightly from the four-month ...
The second quarter likely saw South Korea’s economy hitting its sharpest downturn in over two decades, a Reuters survey showed on Tuesday. This was mainly from the pandemic dragging the labor market, consumer spending, and global export ...
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 Japan’s wholesale prices dropping slower than May’s historic decline. This followed as commodity costs advanced and some of the virus-driven deflationary pressure eased on a rebound monitored in Chinese demand. The ...
China saw its factory gate data for June perform better than expected on Thursday morning. However, persistent deflation indicated that the impact from the COVID-19 pandemic still continues to linger. The data, released by the National Bureau ...
KYC Policy