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Dutch industry shows strongest growth since January 2019

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Activity in Dutch industry has grown at the strongest rate since January 2019 in November. In particular, the number of new orders increased considerably, especially from abroad. This also led to an increase in the number of jobs for the first time since February, reported the Dutch Association of Purchasing Managers (Nevi). Orders from other countries have been growing for four months in a row...

Third largest Asian economy shrank 7.5 percent due to COVID-19 crisis

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India’s economy, the third largest in Asia, is in a deep recession because of the coronavirus and the aftermath of the strict lockdown measures earlier this year. In the third quarter, the economy shrank by 7.5 percent on an annual basis, after a downturn of almost 24 percent in the previous period. With two quarters of shrinking in a row, there is a technical recession. It is the first...

German producer prices are stable

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Producer prices in Germany increased by 0.1 percent in October compared with the previous month. The German Federal Statistical Office reported the figures. Economists had expected an average increase of 0.1 percent. In September, German manufacturers ‘ prices for their products increased by 0.4 percent. On an annual basis, German producer prices fell by 0.7 percent in October, after a 1...

China draws the rules to prevent the tech giant monopoly

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For the first time, China has drawn up extensive rules to prevent monopolistic practices by large internet companies. In this way, Beijing wants to put an end to the growing dominance of web shopping groups, Alibaba and Tencent. Both in the field of online shopping and gaming, they now dominate the market. For example, the Chinese government has issued a series of rules to curb anti-competitive...

President Xi Jinping sets a new goal for the nation

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The Chinese government would aim for an average economic growth rate of almost 5% a year in the longer term. This means that the growth of the second world economy will become less strong than in the last 30 years. President Xi Jinping said to the Communist Party summit last week that China’s economy could double in size by 2035. This ambition is part of the Chinese government’s new...

Third quarter in Eurozone shows strongest recovery but it wont extend to Q4

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The euro area economy showed the strongest recovery ever measured in the third quarter. Growth was close to 13% compared to the second quarter when the economy was still heavily affected by the first coronalockdown, according to the European statistical office Eurostat. Moreover, the recovery was stronger than the average economists had anticipated. However, many connoisseurs remain pessimistic...

French economy show strong quarterly growth

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The French economy experienced a strong recovery in the third quarter. Economists in general did not expect such a strong upturn. However, many connoisseurs remain pessimistic as new lockdown measures are now creating new economic problems. Compared with the second quarter, the French economy rose by 18.2% in July, August and september, according to preliminary figures from the French statistical...

Fitch left Netherlands’ rating unchanged

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Credit rating agency Fitch does not challenge the credit rating of the Netherlands. The office maintains its AAA assessment of the creditworthiness of the Netherlands, the highest possible reporting rate. Prognosis holds Fitch steady. Fitch points out that the Netherlands has a flexible, value-adding and open economy. Fitch also calls the Dutch economy effective. Due to the coronacrisis, the debt...

October Empire State index shows slowing down of the industry revival

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The industry in and around New York grew less fast in October than a month earlier. That’s what the Federal Reserve Bank of New York announced. In and around Philadelphia, industrial activity increased sharply, according to figures from the Philadelphia Federal Reserve. The so-called Empire State index, which reflects the activity in the New York industry, is for October plus 10.5 versus 17...

Dutch export in August was 2.3 percent lower m/m

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Dutch exports of goods were 2.3 percent lower in August than in the same month a year earlier. In particular, the export of petroleum products, transport equipment and metal products shrank. There were also fewer machines and equipment, according to Statistics Netherlands (CBS). The volume of imports was 0.8% lower than a year ago. According to the so-called export radar of the statistical...

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