Articles
UK Car Production Slides by 9.7% in August After Six Months of Growth; Domestic Market Decline of 25.2% and Export Decrease by 5.5%
September 30, 2023 UK car production declines by -9.7% to 45,052 units in August, following six months of growth. Production for home market falls -25.2%, as exports also decline by -5.5%. Electrified vehicles represent nearly two in five of all…
The business climate in New Zealand improved in September, rising to 1.5 in 2023 from -3.7 in August
September 29, 2023 In New Zealand, the ANZ Business Outlook Index increased to 1.5 in September 2023 from -3.7 in August, marking the first positive reading since May 2021. Despite the increase in headline measurements, numerous activity indicators fell somewhat…
PPI in Hungary falls for the first time in over 7 years; decrease by 2.3% in August
September 29, 2023 Industrial producer prices decrease by 2.3% in August 2023 compared to a year earlier and go up by 0.7% compared to previous month Industrial producer prices were 2.3% lower on average in August 2023 compared to one year…
Spain’s inflation rate rises for the third month in a row; increased to 3.5%
September 29, 2023 According to preliminary estimates, Spain’s annual inflation rate increased for the third consecutive month to 3.5% in September 2023, up from 2.6% in August. It was the greatest inflation rate in five months, owing primarily to an…
Economic confidence index in Türkiye increased by 1.3% in September to 95.4
September 29, 2023 Economic Confidence Index in Türkiye, September 2023 Economic confidence index realized as 95.4 Economic confidence index which was 94.1 in August increased by 1.3% in September to 95.4. Consumer confidence index increased by 5.1% and became 71.5,…
UniCredit Bank Austria Economic Analysis: Austrian Economy Struggles Amidst Prolonged Stagnation, Prospects for Recovery and Monetary Policy Challenges
September 29, 2023 UniCredit Bank Austria Business Indicator: No recovery in sight for Austrian economy before new year UniCredit Bank Austria Business Indicator falls to minus 3.4 points in August Stagnation to continue until end of 2023 – moderate recovery expected…
South Korea will grant tax cuts and financial assistance to help the chip industry recover
September 28, 2023 South Korea’s finance minister has pledged unwavering support for the nation’s chip industry, aiming to provide assistance through tax reductions and other financial measures amidst the sector’s current challenges. Finance Minister Choo Kyung-ho highlighted the chip sector’s…
Hong Kong Loses Top Spot to Singapore in Global Economic Freedom Ranking Amid Concerns Over Beijing’s Influence
September 28, 2023 Hong Kong has ceded its long-held position as the world’s leader in economic freedom to Singapore, according to a recent global ranking published by the Canadian think tank, the Fraser Institute. This shift is attributed to growing…
EBRD Revises Türkiye’s 2022 Growth Forecast Upward to 4.5% Amid Robust Domestic Demand and Export Recovery
September 28, 2023 EBRD has revised Turkey growth forecast upwards to 4.5 per cent Widening current account deficit and short-term external debt are key vulnerabilities Banks are well-capitalised but global tensions may impact growth trajectory The European Bank for Reconstruction…
Multilingual Education Trends in the EU: All upper secondary general education students in Luxembourg and France studied two or more foreign languages in 2021
September 28, 2023 The majority of pupils in primary and secondary education in the EU study at least one foreign language: in 2021, this consisted of 86.3% of pupils in primary education, 98.5% of students in lower secondary and 91.0% in upper…
Mackenzie: U.S. grid-scale energy storage installations set new record in Q2 2023
September 28, 2023 Across all segments of the industry, the U.S. energy storage market added 5,597 megawatt hours (MWh) in the second quarter of 2023, a new quarterly record. The grid-scale segment led the way with a record-breaking 5,109 MWh…
Amazon’s $4 Billion Investment in Anthropic: Fueling the AI Race Against Microsoft, Google, and OpenAI to Transform Customer Experiences with Generative AI and Cloud Power
September 27, 2023 In a significant move, Amazon announced its intention to invest up to $4 billion in Anthropic, an AI company. This decision marks Amazon’s entry into the fiercely competitive arena of artificial intelligence, a domain currently dominated by…
Bahrain and the United States establish a symbolic security agreement
September 27, 2023 What’s happened? Bahrain has signed a wide-ranging agreement with the US on enhanced security and technology co-operation. The deal, signed during a visit to the US by Salman bin Hamad al‑Khalifa, Bahrain’s crown prince and prime minister,…
Euro area labour force exceeds pre-pandemic levels
September 27, 2023 One notable recent development in the euro area labour market has been a strong rebound in the labour force. In particular, over the last year and a half, the main source of employment growth has been the strong…
S&P Global Flash PMI Report: US Economic Performance Slows in September as Service Sector Weakens
September 27, 2023 S&P Global Flash US Composite PMI™ Further loss of service sector momentum weighs on overall US economic performance US businesses signalled a broad stagnation in output at the end of the third quarter as manufacturers and service…