
The first day of June should’ve brought us the US default. Unsurprisingly, the US House passes the debt ceiling bill at the latest possible moment.
In December, euro zone industrial output inched up more than anticipated, as data from the Eurostat uncovered on Wednesday, pointing to the fastest economic surge rate for a decade that financial analysts expect to remain this year.
Eurostat informed that industrial output in the 19 EU countries went up 0.4% month-on-month, while year-on-year ascend accounted for 5.2%. Market experts surveyed by Reuters had hoped for a 0.2% monthly as well as 4.2% annual ascend.
The acceleration of output surge will be most likely temporary because the outlook for industry still appears to be rosy, as euro zone economists point out.
The statistics office stressed that its earlier preliminary assessment of GDP surge in the EU for the last three months of the previous year accounted for 0.6% quarter-on-quarter as well as 2.7% versus the same period of 2016.
Apart from that, the previous year euro zone GDP tacked on 2.5%, which is the fastest surge rate since a 3% ascend in 2007.
Germany’s GDP, the euro zone's number one economy, inched up 0.6% on the quarter as well as 2.9% year-on-year during the fourth quarter. As for France’s outcome, it accounted for respectively 0.6% and 2.4%, while Spain’s figures were respectively 0.7% and 3.1%.
In addition to this Eurostat updated upwards November output figures from 1% to about 1.3% month-on-month as well as from 3.2% to 3.7% year-on-year.
The output leap was driven by durable consumer goods, including TV sets, refrigerators and so on, their output tacked on 2.7% in December on the month, and it rallied 7.4% compared to the previous year.
As for intermediate goods, including parts for their manufacturing, it went up about 1.4%, boasting an annual revenue of 6.6%.
December’s output of capital goods tacked on 7.6% year-on-year.
The first day of June should’ve brought us the US default. Unsurprisingly, the US House passes the debt ceiling bill at the latest possible moment.
About 24% of global central banks intend to increase gold reserves in 2023. Rising inflation, geopolitical turmoil, and worries about interest rates are reasons to increase gold reserves.
Greetings to a brand new week full of events, economic releases and US debt frictions. We are here to tell you everything you need to know!
The CAD is dominating the markets after the key rate increase! Read the full report to learn more about trading opportunities with the Canadian Dollar!
Saudi Arabia agreed to cut oil production. What will happen with the oil price now?
The situation on the labor market still looks optimistic. Today we expect the Unemployment rate data. 3.5% is expected.
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.