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...Andrea Filtri, co-head of research at Mediobanca, last week described the “Buch doctrine” as “a new philosophy of regulation, based on a greater emphasis on ‘unknown unknowns’.”...
...But Andrew Kenningham, an economist at consultants Capital Economics, said price pressures “remain close to their long-term averages so are not yet at worrying levels for policymakers”....
...German business confidence has risen to its highest level for almost a year, lifted by hopes that lower inflation will boost household spending, according to a closely watched survey....
...Andrew Kenningham, chief European economist at Capital Economics, said the output of southern Europe’s four biggest countries was “now more than 5 per cent bigger” than Germany’s....
...Economists polled by Reuters had forecast a lower reading of 50.8. A reading below 50 indicates a contraction....
...House prices had fallen more in some countries — such as Germany — after steep gains left them starting to look overvalued compared with rents or household incomes, said Andrew Kenningham at Capital Economics...
...The energy price shock caused by Russia’s cuts to gas exports after its invasion of Ukraine and a decline in global trade hit Germany harder than other leading economies, while a surge in inflation and high...
...“A tightening in the US has a negative impact on inflation and output in the eurozone.”...
...The institutes warned that domestic demand had risen less than expected, while exports were falling despite a pick-up in global economic activity, in part due to a loss of competitiveness for energy-intensive...
...The 2.1 per cent monthly increase in output at German manufacturers was well above the 0.3 per cent rise forecast by economists in a Reuters poll....
...“The main message is that the economy is still broadly stagnant,” said Andrew Kenningham, an economist at consultants Capital Economics, although he said the survey also suggested “the region’s prolonged...
...Prices in the wider EU fell 0.3 per cent from the previous quarter, but rose 0.3 per cent from a year earlier....
...Martin Arnold Did US core inflation slow in March?...
...However, industrial production is still down 4.9 per cent from a year ago and down nearly 8 per cent from a peak before the coronavirus pandemic....
...Eurozone bank lending to the private sector returned to growth in February, in a potential sign that the recent drying up of credit may have bottomed out....
...The Bank of England is expected to make its first cut in the summer as governor Andrew Bailey notes “encouraging signs” on inflation....
...Economists polled by Bloomberg had forecast a March reading of 2.5 per cent....
...Core inflation, which strips out energy and fresh food prices to give a better picture of underlying price pressures, slowed from 3.5 per cent in February to 3.3 per cent in March....
...The ECB is expected to leave its benchmark deposit rate at a record high of 4 per cent for a seventh consecutive month when it meets next week, after policymakers signalled that June was the earliest they...
...Consumer prices in Germany rose 2.3 per cent in the year to March, slowing from 2.7 per cent a month earlier to reach the lowest level since June 2021....
...On Thursday, Bank of England governor Andrew Bailey said it needed “more evidence” of disinflation before it would cut rates....
...Germany’s housing market was one of the worst hit with a decline of 8.4 per cent on an annual basis, second only to Luxembourg with a 9.1 per cent drop....
...who is carrying out a review of EU competitiveness, warned in a speech this week....
...The decline reflected slower annual price rises in all areas, including a drop in services inflation to 3 per cent, a fall in energy inflation to 3.4 per cent and a sharp slide in food inflation to 1.7 per...
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