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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’.”...
...German exports rose 0.9 per cent in March, adding to tentative signs of a revival in Europe’s largest economy, after a jump in shipments to China and the US as well as to other EU countries....
...But most wanted to wait until June for “further evidence” of whether the disinflation process would continue or be derailed by “a possible escalation of geopolitical tensions”....
...The rise was above the 0.6 per cent growth forecast by economists in a Reuters poll....
...Separate trade data from the French central bank, which includes services, showed a second consecutive monthly current account surplus in March, which reached €1.3bn, its highest monthly level since August...
...growth — supported a rate cut....
...Core inflation — which excludes volatile energy and food prices — continued to fall, from 2.9 per cent to 2.7 per cent, in a reassuring sign for European Central Bank rate-setters....
...“It is a powerful tool,” he said. “The policy really works.”...
...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....
...German inflation rose slightly more than forecast in April, but when excluding a pick-up in energy and food costs, underlying price pressures continued to fall....
...Martin Arnold Is there any sign the US jobs market is cooling down?...
...a contraction of 3.5 per cent in September 2023....
...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 French economy grew slightly faster than expected in the first quarter because of a rebound in domestic demand and investment, setting the stage for the wider eurozone to tentatively emerge from its...
...Economists polled by Reuters had forecast a lower reading of 50.8. A reading below 50 indicates a contraction....
...a rebound in exports provide a boost to activity....
...A recent study by the council of economic experts, which advises the government, warned that a shrinking labour force and ageing population would cause Germany’s economy to slow from average annual growth...
...Prices in the wider EU fell 0.3 per cent from the previous quarter, but rose 0.3 per cent from a year earlier....
...A June rate cut by the ECB “still looks like a done deal”, Brzeski said....
...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....
...Consumer prices rose 3.4 per cent in the year to April, compared with 3.3 per cent a month earlier, according to EU harmonised data released by the Spanish statistics agency on Monday....
...Germany’s economy grew at a quarterly rate of 0.2 per cent in the three months to March, in a marked rebound from a 0.5 per cent contraction in the previous quarter in Europe’s largest economy....
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