- Retail Sales (Y/Y) Nov: 1.5% (prev 0.3%)
- Future ECB Decisions To Continue To Be Data Dependent
- Rapid Disinflation Likely To Slow In 2024
- Eurozone Disinflation To Pause At Start Of Year
- Industrial Production (Y/Y) Nov: 0.6% (exp 0.3%; R prev 2.0%)
- Manufacturing Production (M/M) Nov: -0.9% (R prev 0.2%)
- Manufacturing Production (Y/Y) Nov: 0.5% (R prev 1.2%)
- High Yield: 4.105% (prev 4.490%)
- Bid-Cover Ratio: 2.670x (prev 2.420x)
- Direct Accepted: 16.8% (prev 21.7%)
- Indirect Accepted: 65.3% (prev 52.1%)
- WI: 4.116%
According to preliminary data from the EU statistics office Eurostat, last month the annual rate of consumer price growth in the single currency area rose eight-tenths of a percentage point to 2.9%, which matched the market estimate for the first increase since April.
The core rate continued its downward trend, dropping to 3.4% as expected from 3.6% in November.
Eurostat said food, alcohol, and tobacco prices showed the highest annual increase...
Ahead of the US jobs report on Friday, survey data signalled that the labour market remained solid into the end of the year.
Market consensus pointed to non-farm payroll gains of 171,000 in December from 199,000 in November. Growth over the past few months had been affected by strike action to the tune of approximately 30,000. The unemployment rate is expected to have ticked up a tenth to 3.8%. Wages are forecast to remain steady at 0.3% m/m and 3.9%...
Changes in reporting are expected to spawn an increase in December’s headline inflation rate for the euro area, but the core rate is set for a decline.
An economists’ poll estimated that the annual rate of Eurozone inflation rose to 2.9% last month from 2.4% in November. The core rate is expected to ease to 3.4% from 3.6% in the previous month.
The European Central Bank’s inflation target is 2% over the medium term, and the...
Ahead of the US jobs report on Friday, survey data signalled that the labour market remained solid into the end of the year.
Market consensus pointed to non-farm payroll gains of 171,000 in December from 199,000 in November. Growth over the past few months had been affected by strike action to the tune of approximately 30,000. The unemployment rate is expected to have ticked up a tenth to 3.8%. Wages are forecast to remain steady at 0.3% m/m and 3.9%...
Rates of US personal consumption expenditures (PCE) were largely lower in November, adding more weight to arguments for central bank rate cuts in America in the months ahead.
The US Bureau of Labor Statistics announced Friday that the US PCE core deflator, a measure of consumer price growth said to be preferred by the US Federal Reserve, held at a monthly rate of 0.1% in November, a reading that fell short of the market expectation of 0.2%.
