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cost of living ile ilgili hikayeler
Year-to-date price changes. Prices at markets’ close. • It's PMI week, with economic growth data for EU countries sprinkled in between. However, the most notable data will be the flash HICP readings ; giving us a glimpse at the Eurozone inflation. Monday ECB chief economist Lane to speak on “Macro-Financial Stability in the EU”; US Treasury Secretary Yellen to talk with President Zelenskiy; Eurozone economic confidence, consumer confidence; durable goods. Tues...Devamını Oku
27 Şub 2023
• Inflation in Turkey dropped sharply to 64.27% year-on-year in December, down from 84.39% reported in the prior month, the Turkish Statistical Institute announced on Tuesday. It’s the second month in a row that inflation has eased after hitting a 24-year high of 85.5% in October. What happened? The fall —which occurred mainly due to a base effect, with a high index from a year ago statistically bringing the inflation rate down— could help President Recep Tayyip Erdo...Devamını Oku
04 Oca 2023
• UK retail sales unexpectedly picked up in December, according to a survey by the Confederation of British Industry published on Wednesday. However, consumer spending is forecast to drop again next year as the cost of living pressures mount. By the numbers: The CBI's distributive trades index, which measures the difference in the percentage of retailers reporting annual rises and falls in sales volumes, rose to +11 in December from -19 in November. However, for Jan...Devamını Oku
22 Ara 2022
• Inflation in the UK fell to 10.7% in November, the biggest drop in 16 months and down from an annual 11.1% in October, amid growing fears of a long recession. However, the cost of living still remains close to a 40-year high, which will add to the pressure on the government to raise wages across the public sector to close the gap between earnings and surging prices. via The Guardian
15 Ara 2022
• British consumer spending picked up in early December, in line with usual seasonal trends as people spent more in the run-up to Christmas, despite a surging cost of living, according to interbank payments data based on credit and debit card spending, which the Bank of England provides to the ONS. Furthermore: However, spending was flat compared with a year earlier — reflecting a sharp real-term decline given the high rate of inflation, which hit a 41-year high of 1...Devamını Oku
09 Ara 2022
• Wages fell by 2.7% in the UK (when adjusted for inflation) in September, even as regular pay rose by 5.7% — the fastest since 2000 excluding the pandemic. Currently, the cost of living is accelerating, as Britain's consumer prices rose 10.1% from a year ago and inflation hit double digits for the first time in 40 years.
16 Kas 2022
• The German economy is losing as much as €85 billion a year, with a record 50% of businesses cutting production due to an acute labor shortage, recent surveys found, compounding problems for manufacturers that are also grappling with surging energy costs. Meanwhile, German workers’ incomes are declining when adjusted for inflation due to a cost of living crisis, Federal Statistics Office data showed. via Bloomberg The background: As Germany’s aging workforce...Devamını Oku
18 Eki 2022
• The UK economy fell short of expectations in August, contracting 0.3% from the month prior as the cost of living crisis contributed to a sharp fall in manufacturing production and consumer services, suggesting the economy may already be in recession. Maintenance in the North Sea pushed down oil and gas production, which was a further drag on industrial output, according to data published by the Office for National Statistics. via FT
13 Eki 2022
• Eurozone manufacturing activity slowed further in September, an S&P Global survey showed, as a growing cost of living crisis strained consumer spending while soaring energy bills curbed production. The final manufacturing Purchasing Managers' Index (PMI) for the bloc fell to a 27-month low of 48.4 from August’s 49.6, further below the 50 mark separating growth from contraction. S&P Global Germany: Europe’s largest economy’s manufacturing activity co...Devamını Oku
04 Eki 2022
• Eurozone business activity continued its decline for a third consecutive month, according to S&P Global’s survey, hinting that the bloc was likely entering a recession as consumers rein in spending amid a cost of living crisis. The flash Composite Purchasing Managers' Index (PMI) fell to 48.2 in September from 48.9 in August, remaining below the crucial 50 mark that separates growth from contraction. By the numbers: German output suffered more than most —in lin...Devamını Oku
26 Eyl 2022