891 days ago
South Korea’s economy advanced by 4 percent year-on-year in the third quarter of 2021, slowing from a 6 percent expansion in the previous period. Note that the previous period was the fastest in a decade. On a quarterly basis, the GDP increased 0.3 percent, after growing 0.8 percent in the prior period and missing market estimates of a 0.6 percent rise.
895 days ago
CEOs and CFOs will refuse to see their shareholders paid less, which in turn means that consumers will pay the price rise. Companies are facing a dire mix of supply-chain challenges, as well as higher costs for energy, raw materials, packaging and shipping. While most consumer-goods makers reporting results this week expressed confidence that they’ll be able to limit the long-term hit to profitability, that means the pain passes to consumers, upping the squeeze on pockets as Christmas approaches. #inflation #consumers #prices
897 days ago
The annual core inflation for the Euro Area climbed to 1.9% in September, its highest rate since December 2008. If we include the volatile prices of energy, alcohol and food, we obtain an inflation rate of 3.4% year over year in September, well above the ECB's 2% target. Meanwhile, the consumer price index was up 0.5% month over month for September. Source: Trading Economics
898 days ago
Construction outputs in Europe were down 1.6% in August compared to previous year, which marks the first month of contraction since the recovery that started in March. Source: Eurostat, TradingEconomics
