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The inflation rate in Germany, Europe’s largest economy, dropped to the lowest level in more than two years in December after the cost of oil plunged.
The inflation rate declined to 1.1 percent from 1.4 percent in November, the Federal statistics Office said in Wiesbaden today. That’s the lowest level since October 2006. Economists […]
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In a troubling sign that consumers are retrenching this holiday season, consumer spending and orders for durable goods fell further in November, according to government reports released Wednesday.
A Commerce Department report showed spending by individuals fell 0.6% last month, after falling 1% in October. It was the fifth consecutive monthly decrease. Economists surveyed by […]
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Japan’s unemployment rate rose in November as plunging exports prompted companies to fire workers.
The jobless rate climbed to 3.9 percent from 3.7 percent in October, the statistics bureau said today in Tokyo. The median estimate of 34 economists surveyed by Bloomberg was for 4 percent. Household spending fell 0.5 percent from a year […]
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German import prices fell in November by the most in almost five years on energy products, adding to evidence that cost pressures in the euro area’s largest economy are easing.
Prices dropped 1.3 percent in November from a year earlier after rising 2.9 percent in October, the Federal Statistics Office in Wiesbaden said today. […]
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India's central bank has scope to extend the steepest set of interest-rate cuts since 2000 after inflation slowed to a nine-month low, economists said.
The country's benchmark 10-year bonds yesterday completed the biggest weekly gain in at least a decade as investors speculated the central bank will add to the three interest-rate cuts of […]
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U.K. retail sales unexpectedly rose in November for the first time in three months as higher demand at food and discount stores offset declines elsewhere.
Sales increased 0.3 percent on the month after falling by the same amount in October, the Office for National Statistics said today in London. The median forecast in a […]
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Hong Kong’s central bank lowered its base rate to a record-low 0.5 percent and asked lenders to follow suit to help prop up the city’s faltering economy.
The reduction from 1.5 percent by the Hong Kong Monetary Authority came after the U.S. Federal Reserve cut its benchmark interest rate to as low as zero. […]
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Remittances from overseas Filipinos rose at the slowest pace in more than a year in October amid a global financial crunch and economic recession.
Money sent back to the Philippines increased 3.3 percent from a year earlier to $1.43 billion, the central bank said in a statement in Manila today. That’s the slowest pace […]
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French and Italian industrial production fell more than expected in October, adding to evidence that the euro region’s first recession since the start of the single currency is deepening.
French manufacturing fell 3.2 percent, the most in 11 years, while total production dropped 2.7 percent from September, the Paris-based statistics office said today. Italian […]
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The Dutch economy will enter its first recession since 1982 next year as the credit crisis curbs exports and the government budget shows a deficit, according to a forecast by government planning agency CPB.
The economy in the Netherlands, the fifth-largest in the euro region, will contract 0.75 percent next year after growth of […]
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