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Monthly archive March, 2023

German Business Sentiment Strengthens Despite Banking Sector Turbulence

Germany's business confidence unexpectedly strengthened in March underpinned by robust improvement in expectations despite turbulence in the global banking sector, a closely watched survey suggested on Monday. The business climate index rose to 93.3 in March from 91.1 in February, Read More →

Eurozone Services Activity Lifts Private Sector Growth To 10-Month High

Eurozone private sector logged the strongest growth in ten months in March underpinned by the robust expansion in services activity though the manufacturing sector remained stuck in the contraction zone. The flash composite output index rose more-than-expected to 54.1 in Read More →

UK Private Sector Logs Strong Growth In March

The UK private sector registered another increase in activity in March, reflecting robust performance by the service economy, flash survey results from S&P Global showed on Friday. The flash Chartered Institute of Procurement & Supply composite output index posted 52.2 Read More →

U.S. Dollar Climbs Further Off Recent Lows

Following the rebound seen during yesterday's trading, the value of the U.S. dollar has seen further upside during trading on Friday.Original Article Read More →

U.S. Durable Goods Orders Unexpectedly Slump As Aircraft Demand Extends Nosedive

Reflecting a continued slump in orders for transportation equipment, the Commerce Department released a report on Friday showing an unexpected decrease in new orders for U.S. manufactured durable goods in the month of February. The Commerce Department said durable goods Read More →

Turkish Central Bank Keeps Key Rate Unchanged At 8.50%

Turkey's central bank decided to maintain its key interest rate in its March meeting, as the committee assessed that the current monetary policy stance is adequate to support the necessary recovery in the aftermath of the earthquake by maintaining price Read More →