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Economics Gazette

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January 16, 2019

Archives for May 2017

UK inflation

UK inflation is accelerating again

UK inflation is accelerating again, supported by the airfare, clothing and energy prices. The consumer price index rose by 2.7% yoy in April 2017, which is the fastest pace since September 2013, according to the data of the National Statistics Office. For comparison, inflation in March was 2.3%. On a monthly basis, prices rose by

Greek economy

Greek economy continues to shrink in Q1 2017

Greek economy shrinks in the first quarter of this year, but at a slower pace than at the end of 2016, according to preliminary data from the statistical office. The GDP contracted by 0.1% on a quarterly basis in the January-March period. For comparison, the GDP decline in the last quarter of last year was

US retail sales

US retail sales growth accelerates in April

US retail sales growth accelerates in April, according to the data from the Department of Commerce. This is another signal that stable consumer spending will support the economy after the first quarter delay. The retail sales grew by 0.4% after rising 0.1% in March. The retailer’s measure used in GDP calculations excludes sales of car

Industrial production EU

Industrial production in Eurozone declined in March

Industrial production in the Eurozone declines by 0.1% on a monthly basis in March, according to latest report of Eurostat. It remains unchanged throughout the European Union. In February, there was also a decline in the Eurozone, with no change in the EU. On an annual basis, the industrial production in the monetary union grew

Chinese banks yuan

Chinese banks increase lending in April

Chinese banks increase lending in April, as the new net credits in local currency amounted to 1.1 trillion CNY (59.4 billion USD). This is well above expectations for new loans of 714 billion CNY. For comparison, in March the value was 1.02 trillion CNY. The monetary aggregate M2 rose 10.5% year-on-year, according to the data

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