Lending of the households in the Eurozone is growing at the fastest pace since the end of 2010, but corporate lending is slowing, according to the data of the European Central Bank (ECB). The loans to households in the 19-nation currency union rose by 2.3% on a monthly basis in February, which represents acceleration compared
Archives for March 2017
The mood among managers in Germany improved significantly in March. Index Ifo of the business climate rose from 111.1 points to 112.3 points, according to the monthly survey of Munich institute. This is the highest level since July 2011 and the growth is surprising because the economists expect stable value of 111 points. The growth
The export orders from British factories jumped to its highest level in over three years this month, according to the data of the Confederation of British Industry (CBI). To increase as much help companies in the field of mechanical engineering and pharmacy. The expectations of manufacturers for the next three months also increased, reaching its
The inflation in UK surpassed the target of 2% for the first time in three years. In February, the consumer prices recorded growth of 2.3% yoy, according to the London-based National Institute of Statistics (ONS). This is the highest inflation rate since September 2013, while the experts had expected a slightly lower level – 2.1%.
The industrial production in USA rose in February for the sixth consecutive month, heading messages about sustainable rebound in the industry. The factories in USA, which form 75% of industrial production, increased its production by 0.5% on a monthly basis – the same rate as in January, according to the Federal Reserve. So reported the
Inflationary pressures in Germany accelerated in February, increasing the producer prices with strongest pace annually for the past five years. The National Statistical Office of Germany Destatis published new data showing that producer prices grow by 0.2% mom and 3.1% yoy in February. The increase on an annual basis is the strongest since December 2011.
The digital currency Bitcoin erased 20% of its price over the weekend after a misunderstanding between the developers of the crypto-currency almost led to its split into two separate parts. The price of a Bitcoin on Sunday marked increase to 999 USD after Saturday currency traded at level of 970 USD. The decline was strongly
The hourly labor costs in Bulgaria have increased by 8.0% in the fourth quarter of 2016, compared to the same period of the previous year, bringing the country ranks 4th among members of the European Union (EU) with the strongest increases, according to the latest Eurostat data. The largest growth was recorded in Romania (12.3%),
On the eve of the start of negotiations for Brexit, the interest rates in the UK remain at record low levels. The monetary policy committee of the Bank of England (BoE) did not change after today’s meeting the levels of interest rates, which were reduced in August 2016, because of the consequences of the vote
Fewer Americans applied for unemployment benefits last week, which is another sign of a healthy labor market. The Ministry of Labor reported that applications for unemployment benefits fell by 2,000 to 241,000 after the increase by as much as 20,000 the previous week. Two weeks ago, the number of applications fell to 44-year low of