Результатов: 13

Latvia Producer Prices Inflation Quickens For Fifth Month In December


Latvia's producer price inflation accelerated for the fifth month in a row in December, data released by the Central Statistical Bureau of Latvia showed on Tuesday.



The producer price index (PPI) rose by 3.6 percent year-on-year in December, more faster than the 3.2 percent rise in November. The latest figure is the highest since April. In October, prices rose 2.9 by percent.



Prices of products sold in the domestic market rose 4.2 percent, while those of exported goods were 2.9 percent higher.



Sequentially, the PPI edged up by 0.2 percent in December after falling 0.2 percent in November.





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2013-1-22 15:42

U.K. Inflation Remains Unchanged In December


U.K. inflation remained stable at above 2 percent target in December adding to the central bank's concerns about a fragile economy.



Consumer price inflation was 2.7 percent for the third month in a row, the Office for National Statistics said Tuesday. The rate also came in line with economists' expectations.



Monthly inflation for December was 0.5 percent, which was faster than the 0.2 percent rise in November, and matched economists' expectations.



Housing and utility costs kept inflation high in December, adding 0.26 percentage points. On the other hand, the largest downward pressure came from transport costs.



Core inflation that excludes energy, food, alcoholic beverages and tobacco, slowed to 2.4 percent in December from 2.6 percent a month ago.



IHS Global Insight Chief U.K. Economist Howard Archer said increased energy tariffs and higher food prices could push inflation up to 3 percent early in 2013 and keep it there for a while. Depending on food and oil prices, inflation will fall back later this year, he said.



As inflation is likely to stay close to the December rate in the near-term, it will push real pay down further this year, observed Vicky Redwood, an economist at Capital Economics.



The Bank of England is set to publish its latest inflation and growth forecasts on February 13. Policymakers maintained quantitative easing at GBP 375 billion last week and the key interest rate at a record low 0.50 percent.



Retail prices gained 3.1 percent from a year ago, while it was forecast to rise 3 percent as seen in November. Likewise, the retail price index excluding mortgage interest payments, climbed 3 percent after rising 2.9 percent in November.



The ONS last week said the current calculation of the Retail Price Index should be continued without major changes so that it would not affect payments on inflation-linked bonds.



A separate report from the ONS showed that factory gate inflation edged up to 2.2 percent in December from 2.1 percent in the previous month. It was forecast to accelerate to 2.4 percent.



Due to a fall in petroleum product prices, the output price index for home sales of manufactured products fell 0.1 percent, which was less than a fall of 0.3 percent in November.



At the same time, input prices gained 0.3 percent on year, reversing last month's 0.1 percent drop. Meanwhile, the index slipped 0.2 percent from a month ago.





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2013-1-15 16:25

Australia Job Ads Contract 3.8% In December - ANZ


The total number of job advertisements in Australia was down 3.8 percent on month in December, a survey from ANZ revealed on Monday, falling for the 10th straight month to come in at 133,352.



That follows the upwardly revised 2.8 percent contraction in November (originally -2.9 percent).



Internet job ads dropped 3.9 percent in December, while newspaper ads fell 0.4 percent.



On a yearly basis, the total number of job ads was down 15.3 percent.



"Job advertising is a key barometer of economic activity and business confidence. Its ongoing weakness suggests that conditions for a large share of Australian businesses remain challenging and the outlook uncertain," Justin Fabo, ANZ's head of Australian economics, said in a statement.





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2013-1-14 04:55

Downturn In Greece Manufacturing Continues


Greece's manufacturing sector registered a further notable deterioration in December, survey from Markit Economics showed Wednesday.



The Purchasing Managers' Index fell to 41.4 from 41.8 in November. A reading below 50 indicates contraction in the manufacturing sector.



Production at Greek factories decreased at a sharp and accelerated rate in December, reflecting a further reduction in the receipt of new work in December.



Employment at Greek factories decreased markedly during December. Average purchasing costs rose solidly. Nevertheless, prices charged by Greek manufacturers continued to decrease.





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2013-1-2 13:42

Eurozone Downturn Slows On German Recovery


The downturn in Eurozone slowed in December as the German private sector returned to growth, while contractions in the rest of the region remain worrying, survey results from Markit Economics showed Friday.



The composite Purchasing Managers' Index rose to a nine-month high of 47.3 in December from 46.5 in November. A reading below 50 suggests contraction.



"The survey is still consistent with euro area GDP falling for the third successive quarter," said Chris Williamson, chief economist at Markit.



The flash services PMI climbed more-than-expected to 47.8 from 46.7 in November. The index was forecast to rise to 47 in December. The manufacturing PMI, at the same time, edged up to 46.3 from 46.2 last month. The expected reading was 46.6.



Output continued to fall in manufacturing and services, though in both cases the rate of decline showed signs of moderating. The pace of decline of new business moderated, but the easing was only marginal.



The rate of job losses, at the same time, slowed in December, hitting the lowest since August. A stabilization of headcounts in Germany contrasted with falling employment in France and elsewhere across the Eurozone on average.



In the face of broad-based weakness in demand, inflationary pressures remained muted in December. Input prices rose at a slightly stronger rate, but the rate of increase has shown little overall change over the past four months.



Final data from Eurozone confirmed an easing in inflation to 2.2 percent in November. The decrease largely reflected a slowdown in energy price growth to 5.7 percent from 8 percent.



Germany's private sector expanded after contracting for eight straight months, underpinned by service sector recovery. The flash composite output index came in at 50.5 in December, an improvement on November's 49.2.



The German services PMI rose to 52.1 from 49.7 in November. Economists had forecast the index to rise to no-change level of 50. On the other hand, the manufacturing PMI fell unexpectedly to 46.3 from 46.8 in the prior month.



Meanwhile, the Ifo institute on Thursday trimmed its 2013 GDP growth forecast to 0.7 percent from 1.3 percent. The think tank forecast the economy to contract in the fourth quarter of 2012, before staging a modest recovery in 2013.



Data today showed that the downturn in the French private sector output continued in December, but the rate of contraction slowed. The flash composite output index rose to 45, a 4-month high, from 44.3 in November.



The French services PMI climbed to 46, in line with expectations, from 45.8 a month ago. Likewise, the manufacturing PMI rose to 44.6 in December from 44.5 in November. The manufacturing PMI stayed slightly below the consensus forecast of 44.9.



Ernst & Young on Thursday said the Eurozone will shrink 0.2 percent next year. The firm expects euro area to enter 2013 with a brighter outlook than twelve months ago.





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2012-12-14 15:42