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The growth of hourly wages in the eurozone in the fourth quarter of 2018 in annual terms was 2.3%, just as in the previous quarter, Eurostat reported. In December, eurozone unemployment fell to its lowest level since October 2008, reaching 7.8% compared to 8.6% in December 2017. These data point to the preservation of a strong labor market, even with a decrease in production growth. In the fourth quarter, an increase in the vacancy rate to a record 2.3% was recorded from 2.1% a quarter earlier. Consumer prices rose in the fourth quarter by 1.9% in annual terms. The report of the statistical agency notes that active consumer spending can provide serious support for economic growth in the eurozone.
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
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 ...
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 ...
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