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Eurozone Current Account a surplus of €22 billion

In May 2018 the current account of the euro area recorded a surplus of €22 billion, compared with one of €30 billion in April 2018. In the 12-month period to May 2018, the current account recorded a surplus of €406…

German Producer prices in June 2018: +3.0% on June 2017

In June 2018 the index of producer prices for industrial products rose by 3.0% compared with the corresponding month of the preceding year. In May the annual rate of change all over had been 2.7%, as reported by the Federal…

EIA: Commercial crude oil inventories increased by 5.8 million barrels from previous week

U.S. crude oil refinery inputs averaged 17.2 million barrels per day during the week ending July 13, 2018, which was 413,000 barrels per day less than the previous week’s average. U.S. crude oil imports averaged 9.1 million barrels per day…

Building Permits fell by 2.2%

Privately-owned housing units authorized by building permits in June were at a seasonally adjusted annual rate of 1,273,000. This is 2.2 percent below the revised May rate of 1,301,000 and is 3.0 percent below the June 2017 rate of 1,312,000.…

Annual inflation up to 2.0% in the euro area

Euro area annual inflation rate was 2.0% in June 2018, up from 1.9% in May 2018. A year earlier, the rate was 1.3%. European Union annual inflation was 2.0% in June 2018, stable compared with May 2018. A year earlier,…

UK CPI unchanged in May

The Consumer Prices Index including owner occupiers’ housing costs (CPIH) 12-month inflation rate was 2.3% in June 2018, unchanged from May 2018. Rising prices for motor fuels and domestic gas and electricity produced the largest upward contributions to change in…

Manufacturing Output in U.S. Rises by Most in Four Months

U.S. factory production rebounded in June by the most in four months as the industry regained its footing after a fire-related disruption at an auto parts supplier, Federal Reserve data showed Tuesday. Factory output rose 0.8 percent (est. 0.7% gain)…

UK wage growth slides to lowest rate in six months

The rate of pay growth for British workers has fallen to the lowest level in six months, despite record numbers of people in work across the country, official figures show. Heaping renewed pressure on the Bank of England to delay…

Bank of England Will Give View on Brexit Deal, Carney Says

Mark Carney thrust the Bank of England into the Brexit debate again, saying he’ll give a thumbs up -- or down -- to any divorce deal that Prime Minister Theresa May reaches with the European Union. “We will have to…

The RBA's rationale for why it's not rushing to lift rates

The Reserve Bank of Australia (RBA) thinks the next move in official interest rates is likely to be higher should progress in lowering unemployment and boosting inflationary pressures continue in the period ahead. However, despite calls from some academics, including…

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