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...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....
...Economists polled by Reuters had forecast a lower reading of 50.8. A reading below 50 indicates a contraction....
...Jacqueline Smith Maritime Coordinator The International Transport Workers’ FederationLondon SE1, UK...
...who is carrying out a review of EU competitiveness, warned in a speech this week....
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...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...
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...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....
...Prices in the wider EU fell 0.3 per cent from the previous quarter, but rose 0.3 per cent from a year earlier....
...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....
...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....
...Economists polled by Bloomberg had forecast a March reading of 2.5 per cent....
..., Spain, Greece and Ireland as a result of productivity improvements....
...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....
...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....
...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...
...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....
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...“Italy continues to be a cause for concern in this regard.”...
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