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Germany North Rhine-Westphalia CPI (YoY) unchanged at 2.3% in November

Germany Baden-Wuerttemberg CPI (MoM) dipped from previous 0.3% to -0.3% in November

The other state releases around the same time:

• North Rhine Westphalia CPI +2.3% vs +2.3% y/y prior
• Saxony CPI +2.2% vs +2.2% y/y prior
• Baden Wuerttemberg CPI +2.3% vs +2.3% y/y prior

The readings here are all unchanged from the previous month, which points to the national reading later likely to come in similar to October as well at around 2.3%. The core estimate of course remains the most important but overall it doesn’t seem like there is much of a change to the inflation dynamics in Germany this month.

This article was written by Justin Low at investinglive.com.

• Prior -0.1%
• GDP Y/Y +0.6% vs +0.4% expected
• Prior +0.4%

The final figures show an improvement but this is not going to change anything for the ECB as it’s more focused on inflation and has already stated many times that the current rate setting is appropriate.

The agency said: “Domestic demand net of inventories and valuables contributed 0.2 percentage points to GDP growth in the third quarter: +0.1 from Household and Non Profit Institutions serving Households (NPISH) consumption, and +0.1 from gross fixed investments, while the contribution from public administration (PA) spending was zero. The contribution from net foreign demand was also positive (+0.5 percentage points), while the change in inventories and valuables had a negative impact (-0.6 percentage points).

Positive quarterly quarter on quarter growth rates were recorded for the added value of agriculture (+0.8%) and services (+0.2%), while industry showed a negative trend (-0.3%).”

This article was written by Giuseppe Dellamotta at investinglive.com.

Dutch chipmaker Nexperia has published an open letter urgently calling on its China unit to help restore supply chain operations.

• Prior -1k
• Unemployment rate 6.3% vs 6.3% expected
• Prior 6.3%

German unemployment rose by less than expected in November with the jobless rate continuing to hold steady at 6.3%. That said, the labour office noted that the number of people in employment was stagnating and demand for labour remains subdued for the most part.

This article was written by Justin Low at investinglive.com.

Apple filed a lawsuit against the Competition Commission of India over how the body uses global turnover when calculating fines.

Switzerland’s KOF Economic Barometer ticked higher in November, rising from 101.5 to 101.7 and signaling modest improvement in the near-term economic outlook. KOF noted that the improvement is concentrated on the demand side. Indicator bundles tied to foreign demand and private consumption strengthened, suggesting both external orders and household activity are on firmer footing. On […]

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