Monthly archive December, 2022

UK retail sales declined unexpectedly in November as the rising cost of living and weak consumer sentiment dragged down consumer spending. Retail sales volume fell 0.4 percent from October, when turnover was up by revised 0.9 percent, data from the Read More →

Eurozone private sector contracted for a sixth month in a row in December, while the pace of decline slowed for a second time, suggesting that the economic downturn will be less severe than expected previously. The flash composite output index Read More →

The U.S. dollar firmed against most of its major counterparts on Friday after staying a bit sluggish for much of the day's session.Original Article Read More →

More businesses in Germany were concerned about their survival amid tough economic conditions and the group continued to be led by retailers, who this time were worried about the Christmas holiday season, survey data from the ifo institute showed Friday.Read More →

European Central Bank President Christine Lagarde said there will be more interest rate hikes in future, at a steady pace, as the euro area is expected to undergo a shallow recession and inflation in the single currency bloc is set Read More →

The U.S. dollar shed ground against some of its major counterparts on Wednesday after the Federal Reserve raised interest rates by 50 basis points and signaled more hikes.Original Article Read More →