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Economics Gazette

Economy and Business news

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April 22, 2018

Economics

US inflation accelerates in March 2018

The US inflation accelerates in March with the fastest pace since more than an year, providing the Federal Reserve’s speed in anticipation of a further increase in interest rates over the year. The core consumer price index, excluding unstable food and energy prices, reported an increase of 2.1% in March on an annual basis. For

Haruhiko Kuroda is optimistic about Japanese inflation

The Governor of the Japanese Central Bank Haruhiko Kuroda stressed that he was determined to maintain a massive program of incentives, although he was optimistic about achieving the 2% inflation target. Haruhiko Kuroda said the Japanese economy will continue to grow moderately, as rising household incomes lead to a gradual increase in consumption. “With productivity

German industrial production shrank surprisingly in February 2018

German industrial production shrank surprisingly in February, according to official statistics of Destatis. These data are a signal to weaken the good upward momentum of Europe’s leading economy in the new year. The German industrial production declined by 1.6% in February compared to the previous month, when it recorded an anemic growth of 0.1% and

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Markets

US home sales accelerated at a record speed in 2017

The US home sales accelerated at a record speed in 2017, with buyers acquiring properties immediately after they were announced for sale. On average, only 81 days were needed to sell a home from the launch until the deal was finalized, with the properties being sold as quickly as possible in June, when only 73

Global credit sales market returned to growth

The global credit sales market returned to growth last year, with total sales of mortgage-backed mortgage loans reaching 114 billion EUR. Although 2017 was record for credit transactions, the amount of non-performing loans (secured, unsecured and corporate) held by European banks has reached approximately 1 trillion EUR. Despite the huge volume of unsold loans in

The US retail sales rose in March 2018

The US retail sales rose in March after three consecutive months of decline, as households increased their purchases of motor vehicles and other large purchases, suggesting that consumer spending will go up in the second quarter of the year. Last month, the retail sales in the US rose by 0.6% after a 0.1% decline in

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Employment

The UK annual wage growth accelerated in February

The UK annual wage growth excluding bonuses has accelerated to 2.8% in February, the National Statistics Office reported. The consumer price inflation averaged to 2.9%, and is expected to slow to 2% in the year. The data may spur speculation that the British Central Bank will raise interest rates again next month, although the economy

Average hourly EU labor costs reached 26.80 EUR in 2017

The average hourly labor costs in the EU economy were 26.80 EUR in 2017, varying widely from 4.90 EUR in Bulgaria to 42.5 EUR in Denmark. The value includes agriculture and public administration, calculating all the costs for wages but also social charges paid by the employer. For the Eurozone the the labor costs in

The EU unemployment dropped slightly in February

The unemployment in the European Union (EU) dropped slightly in February on a monthly basis to a level of 7.1%. On an annual basis, there was a more pronounced decrease compared to 8.0% in February 2017, a difference of 0.9 percentage points, according to Economics Herald. This is the lowest unemployment rate since September 2008.

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