world economic news

Economic News Daily – Friday 08/04/2022

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JAPAN

Japan’s goods trade deficit stood at ¥176.8 billion in February on the balance of payments (BOP) basis, according to a report released on Friday by the country’s Customs Office. The country secured a BOP trade deficit of ¥176.8 billion (~$1.42 billion) in the month, bellow the estimates and significantly lower compared to the ¥1.6 trillion (~$8.83 billion) deficit recorded in January.

IRELAND

Ireland’s manufacturing output decreased a seasonally adjusted 16.0 percent annually in February, following a 20.1 percent fall in January, figures from the Central Statistics Office showed on Thursday.

CYPRUS

Cyprus’ annual inflation rate rose to 7.1% last month from 6.6% in February, the fastest rise in consumer prices since September of 1992, data from the Statistical Service showed on Thursday. Main upward pressure came mostly from food & non-alcoholic beverages (9.4% vs 8.0% in February) and housing & utilities (16.6% vs 13.3%).

HUNGARY

Hungary’s trade balance registered a deficit of EUR 91 million in February versus a surplus of EUR 785 million in the same month last year. Economists had forecast a deficit of EUR 300 million, data from the Hungarian Central Statistical Office showed on Thursday.