world economic news

World Economic News – Monday 12/12/2022



The United Kingdom’s Gross Domestic Product (GDP) increased by 0.5% in October, with wholesale and retail sales being the main contributors to the result, according to a monthly estimate released by the country’s Office for National Statistics (ONS) on Monday.


Japan’s Producer Price index (PPI) grew by 0.6% in November compared to October. On an annual basis prices surged by 9.3%, the Bank of Japan announced in its latest report on Monday. Both the monthly and yearly figures were slightly above expectations, which saw them at 0.5% and 8.9% respectively.


Industrial production in Malaysia rose only 4.6% year-on-year in October, data from the Department of Statistics showed on Monday. On a monthly basis, industrial production fell 1% percent in October.


The headline BNP Paribas Real Estate Ireland construction Purchasing Managers’ Index dropped to 46.8 in November from 47.4 in the previous month. Any reading below 50 indicates contraction.


The consumer sentiment index in the world’s largest economy climbed to 59.1 in December from 56.8 in November, while economists had expected the index to drop to 53.3, preliminary data released by the University of Michigan showed.