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In Spain, in February, an increase in producer price inflation was recorded for the first time in the last 5 months. According to INE statistics, producer prices rose 1.9% in annual terms last year. In January and December, there was an increase by 1.7%. In September, Spain recorded the maximum annual growth in producer prices by 5.8%. Inflation in producer prices, not taking into account the cost of energy, amounted to 0.1%, slowing from 0.3% in January. Energy prices rose by 5.8% compared to February 2018. The cost of intermediate goods decreased by 0.9%. Non-durable goods fell by 1%. Compared to January, producer prices in February rose by 0.2% after a January increase by 0.1%.
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 ...
On Monday, Remington Arms Co. filed for bankruptcy protection for the second time since 2018 as the U.S. firearms manufacturer faced financial difficulties due to gun sales restrictions. According to the court filing, the company filed for ...
European shares fell earlier on Monday, weighed down by travel stocks after the U.K. placed a quarantine on travelers from Spain as the number of COVID-19 cases continue to surge. The pan-European STOXX index lost 0.5% at 0718 GMT. Meanwhile, ...
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 ...
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 ...
KYC Policy