According to the ONS, in September–November the unemployment rate rose to 5.0%—an over four-year high, and up from 4.9% in...
Latest Global Economic News
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United Kingdom: Furlough scheme continues to buttress the labor market -
Korea: Economy contracts at sharper pace in final quarter of 2020 According to a preliminary estimate, GDP dropped at a quicker rate of 1.4% year-on-year in the final quarter of 2020,... -
Brazil: Consumer confidence hits seven-month low in January The seasonally-adjusted consumer confidence index published by the Getulio Vargas Foundation fell to 75.8 in January from December’s 78.5 and... -
Germany: Business confidence deteriorates in January Business confidence in Germany’s private sector fell from 92.2 in December to 90.1 in January, the lowest level since July... -
Kazakhstan: Central Bank keeps rates unchanged in January The National Bank of Kazakhstan (NBK) decided to keep the base rate at 9.00% at its 25 January meeting, marking... -
Russia: Decline in industrial activity softens in December Industrial output dropped 0.2% compared to the same month a year earlier in December, which was above November’s 1.5% decrease.... -
Austria: Industrial output contracts in November Industrial output dropped 0.8% month-on-month in seasonally-adjusted terms in November, swinging from October’s 1.6% jump. The fall in production came... -
Taiwan: Industrial output growth gains steam in December Industrial output grew 9.9% compared to the same month a year earlier in December, which was above November’s 7.6% increase.... -
Hungary: Economic sentiment strengthens at start of 2021 The GKI economic sentiment index, a composite indicator, rose to minus 16.3 in January from minus 19.7 in December. January’s... -
Australia: Retail sales contract in December Nominal retail sales in December shrank 4.2% over the previous month in seasonally-adjusted terms, contrasting November’s 7.1% surge. December’s result...