Germany’s seasonally adjusted retail-sales figure surged 3.3 percent month-on-month in January to its highest level since October 2016, rebounding sharply from a downwardly revised -3.1 percent in December, according to the Federal Statistical Office of Germany.
European Central Bank
The International Monetary Fund (IMF) recently published its forecast for global economic growth, also referred to as the “World Economic Outlook” (WEO), in which the international body downsized its global growth outlook for 2018-19.
Eurozone annual consumer inflation edged up to 2.1 percent in July 2018, continuing its upward streak after recording a 2-percent growth in June. The annual inflation figures, the highest since December 2012
Consumer price inflation has remained a concern both in the eurozone and the United Kingdom. While in the UK, inflation has been lingering at the 3-percent mark for the last few months after climbing to 3.1 percent in November of last year
The US dollar is edging higher versus its key counterparts in December, as central banks from the UK, US and eurozone meet separately to take stock of the performance of their respective economies and announce their monetary-policy verdicts for the last time this year.
The Governing Council of the European Central Bank (ECB) left key interest rates unchanged following its penultimate monetary-policy meeting for this year held in October.
IHS Markit’s eurozone manufacturing PMI (Purchasing Managers’ Index) rose to 58.1 in September from 57.4 the previous month on the back of expansion in new orders and output across the eight major countries covered in the region.
The European Central Bank (ECB) released the minutes of the September 6-7 Monetary Policy Committee meeting in the first week of October, revealing the division between policymakers who want the asset-buying program to be extended and those who want the tapering to get underway from January 2018.
Economic activity in the euro area continued its upward momentum, with most of the economic indicators showing a robust increase in economic activity—with the exception of inflation numbers. However, the European Central Bank (ECB), concluding its most recent meeting on July 20, 2017
Members of the monetary committee of the Bank of Japan (BOJ) have excluded for the moment the possibility of decreasing their monetary-easing policy. The issue is that their 2 percent target for inflation is far from being achieved in Japan and is not forecast to be in the short-term.