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6 October 2023,01:24
Weekly Outlook
6 October 2023, 01:24
In August, there was a 0.3% month-on-month increase in German consumer prices. The economy is expected to contract in the third quarter and show only modest growth in the fourth.
In August, the producer price index (PPI) rose by 0.7%, surpassing the estimated 0.4% increase. Inflation remains a concern for U.S. households, but the recent slowdown can be a key consideration for the Federal Reserve, which has implemented 11 interest rate hikes.
In July, British economic output unexpectedly shrank from 0.5% to -0.5%. This decline was primarily influenced by downturns in crucial sectors like services, manufacturing, and construction. Economists cautioned that the nation might already be entering a recession.
In August, the US Consumer Price Index (CPI) recorded its most substantial monthly increase of 0.6% in 2023, prompting Federal Reserve officials to signal a more hawkish stance regarding future interest rate hikes.
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