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In May, the inflation rate in the UK again matched the target value of the Bank of England. As reported by the British Office for National Statistics, inflation in the country marked a level of 2%, having dropped from the April value of 2.1% and confirming analysts' expectations. Consumer prices increased by 0.3% compared with April, which also corresponds to the market forecast. The CPI Core index, which does not include the cost of energy, food, alcohol and tobacco, was at 1.7%. Its value decreased from 1.8% a month earlier. The Office published two more reports on Wednesday. One of them pointed to the growth in retail sales in May by 3% per year and 0.3% per month. According to the second report, the British housing market in April showed a 1.4% increase in prices in annual terms, slowing the rise in comparison with March growth of 1.6%.
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 ...
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 ...
Taiwan's exports for June has been forecasted to have dropped by 3% in contrast to a year earlier, according to a median forecast of 13 analysts polled by Reuters. The results are based on the uncertainties of the COVID-19 pandemic as it continues ...
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