Economy & Finance

UK Key business sentiment index plunged to -23.4, landing at the lowest reading since the financial crisis in 2009, according to a report published on Thursday by the Institute of Chartered Accountants in England and Wales (ICAEW). Per the data gathered, all regions and company types saw similar trends, however, UK-listed firms appeared to be less confident than non-UK listed companies. S.

SINGAPORE Singapore’s annual inflation rate eased to 6.5% in December 2022, after steadying at 6.7% in the past two months and almost in line with market estimates of 6.55%. It was the softest increase since May. NEW ZEALAND Total credit card spending fell a seasonally adjusted 1.6% monthly in December, following a 2.5% drop in November, data from the Reserve Bank of

GERMANY Flash Germany PMI Composite Output Index came in at 49.7, improving on December’s reading of 49.0, to mark the highest point in 7 months, S&P Global revealed on Tuesday. Services PMI Activity Index also reached a 7-month high in January, standing at 50.4, up from 49.2 recorded the previous month. AUSTRALIA Australia’s business conditions weakened for a third month in a

US Fewer American businesses are feeling the United States economy is or will fall into a recession this year, according to a survey conducted by the National Association of Business Economics (NABE). The data showed improving business sentiment with the overall chance for a recession in the US landing at 56%. MALAYSIA Malaysia’s consumer price index, or CPI, climbed 3.8% year-on-year in

SOUTH KOREA South Korea’s producer price index, or PPI, rose 6.0% year-on-year following a 6.2% increase in the previous month, preliminary figures from the Bank of Korea showed Friday. The rate was the lowest since April 2021, when it was at the same level. UK UK retail sales unexpectedly declined in December logging a monthly fall of 1.0% in contrast with November’s

JAPAN Japan’s trade deficit amounted to ¥1.45 trillion in December. In 2022 as a whole, the country recorded a trade deficit of ¥19.97 trillion, the largest since 1979. Exports increased 11.5% on a yearly basis, landing at ¥8.8 trillion in the last month of 2022, in comparison to the same month a year earlier. Meanwhile, imports were up 20.6% year-on-year, reaching ¥10.2

UK Annual inflation rate in the UK fell to 10.5% in December of 2022 from 10.7% in November, the Office for National Statistics reported on Wednesday. It marks a second consecutive month of slowing inflation and the lowest rate in three months, after a peak of 11.1% in October. JAPAN The Bank of Japan (BoJ) maintained its key short-term interest rate at -0.1%