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In May this year, prices of European manufacturers rose by 3% in annual terms, the Statistical Office Eurostat reported. Compared with the growth of 1.9% in April, the rise in May accelerated and became the maximum for the year. Relative to the previous month, prices increased by 0.8%. Analysts had expected the growth of the first indicator by 2.7%, the second one - by 0.5%. Energy prices rose in May by 7.6% in annual terms in the euro area and by 10.8% in the European Union. The most significant increase in producer prices in the EU was observed in the UK - by 6.7%. The largest decline was recorded in Ireland - by 2.7%.
Oil traded higher on Friday, further reclaiming lost ground from three-week lows in the previous session as the COVID-19 situation continued to dent the global economy as well as oil consumption. Brent crude gained 0.3%, trading at $43.08 ...
June had seen Japan’s industrial output breaking its four-month slump. The recuperation could be attributed to a modest recovery seen in broader business and consumer activity after the world’s third-biggest economy suffered from ...
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
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 ...
On Tuesday, Tesla Inc.’s (TSLA.O) Chief Executive Officer Elon Musk announced that the automotive company would start to open its licensing software to supply powertrains and batteries for other car manufacturers. “Tesla is open ...
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