Disappointing trade figures from China


China’s exports and imports shrunk more in September than expected by experts. China is struggling with increasing headwind due to global trade tensions and the cooling economy. Exports fell by 3.2 percent in terms of dollars compared to a year earlier, after a minus of 1 percent in August. Here, economists generally expected a decrease of 2.8 percent. It is the sharpest fall in Chinese...

German inflation figure in accordance with expectations


Lower inflation in Germany confirmed. Inflation in Germany fell to 1.2 percent on an annual basis in September, from 1.4 percent a month earlier. The German Federal Statistical Office reported this on the basis of definitive figures. On average, economists were already counting on an inflation rate of 1.2 percent, in line with the preliminary figure announced earlier. German consumer prices...

Powell: the economy is in a good shape


The American economy is still in good shape despite some risks. That is what President Jerome Powell of the American umbrella of national banks, the Federal Reseve, said. He did not give many indications as to whether a new interest rate cut would be coming soon. In general, economists do count on that. Powell pointed to low unemployment and inflation close to the 2 percent target. The Fed boss...

Norway taps into the piggy bank


Norway unexpectedly withdrew $ 400 million from its sovereign state fund in August. That had not happened since 2016, when oil prices fell sharply. The price fall of oil was again the reason for the Norwegians to tap the piggy bank. Oil prices were at their lowest point in seven months in early August. By withdrawing millions from the fund, revenues and expenditures for the oil sector were...

Eurozone industrial PMI contracted in September


Business activity in the eurozone industry contracted again in September. Research firm Markit reported this on the basis of a definitive figure. In particular, the contraction in Germany, the largest economy in the eurozone, weighed heavily on the figures. The German downturn, however, was slightly less severe than previously reported, which also made the European contraction a little less...

Service and business car sales grow for eight months in a row


Sales of business cars in the European Union grew considerably in July and August. The sale of delivery vans, trucks and buses has shown an increase for eight months in a row, according to the ACEA car industry association. Year-on-year sales increased by 6.2 percent in July and a plus of 11 percent in August. In the first eight months of this year, EU sales of commercial vehicles improved by 6.5...

Number of vacancies in the euro zone stays flat


The number of vacancies in the euro zone remained stable in the second quarter. The percentage was 2.3 percent of the total work supply, just like in the previous quarter, according to figures from the European statistics agency Eurostat.
In the services sector, most vacancies were open with 2.6 percent of the total. In industry and construction it was 2 percent.

KLM objects plans to build “New Schiphol”


KLM sees nothing useful in the plan to build an airport at sea. That is what CEO Pieter Elbers says in an interview with De Telegraaf. He regards the plan as ‘unrealistic’ because of some practical objections. “I don’t see how relocation of Schiphol is going to put things on the dike. With one or two runways it will be difficult to maintain our transfer network.”...

First time unemployment application figure stays low


The number of first time applications for unemployment benefits in the United States amounted to 204,000 last week. That meant a drop of 15,000 compared to a week earlier, the US Department of Labor announced. Last week, economists assumed an average of 215,000 new requests for unemployment benefits. The number of first applications was a revised 219,000 a week earlier. Inflation in the United...

German inflation is slowing down, spelling a ‘stagflation’


Inflation in Germany declined in August to 1.4 percent on an annual basis, from 1.7 percent a month earlier. The German Federal Statistical Office reported this on the basis of definitive figures. In general, economists were already counting on inflation of 1.4 percent, in line with the preliminary figure announced earlier. On a monthly basis, German consumer prices fell by 0.2 percent, following...

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