Industrial output plunged 5.3% in month-on-month seasonally adjusted terms in December, which contrasted November’s 0.7% increase. December’s downturn marked the...
Latest Global Economic News
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Austria: Industrial output records largest decline in over two years in December -
Latvia: Industrial output contracts at sharpest rate since May 2020 in December Industrial production dropped 4.4% year on year in December (November: +3.6% yoy). The outturn marked the worst reading since May... -
Chile: Decline in economic activity softens in December Economic activity decreased 1.0% in year-on-year terms in December, which was an improvement from November’s 2.5% decrease. December’s smaller drop... -
Czech Republic: The Czech National Bank stands pat in February At its 2 February meeting, the Board of the Czech National Bank (CNB) left the two-week repo rate unchanged at... -
United Kingdom: BoE hikes by 50 basis points in February On 2 February, the Bank of England (BoE) increased the bank rate from 3.50% to 4.00%, marking the tenth consecutive... -
Euro Area: ECB hikes rates by 50 basis points in February; hints at further tightening ahead At its 2 February meeting, the European Central Bank (ECB) hiked the main refinancing operations rate, the marginal lending facility... -
Egypt: Central Bank pauses tightening cycle in February, surprising markets At its first scheduled meeting of 2023 on 2 February, the Central Bank of Egypt (CBE) paused its tightening cycle... -
Spain: Retail sales improve in December Retail sales rose 3.5% year on year in December 2022 (November: -0.7% yoy). The turnaround was largely driven by expansions... -
Russia: Industrial activity falls at sharpest rate since October 2020 in December Industrial output fell 4.3% in year-on-year terms in December, which was a larger contraction than November’s 1.8% decrease. December’s outturn... -
United States: Fed dials hikes back to 25 basis points at its February meeting At the meeting on 31 January–1 February, the Federal Open Market Committee (FOMC) increased the target range for the federal...