There were few data releases on Monday, but some events are worth your attention.
The retail sales volume had almost no changes in New Zealand in Q3. This number has increased for 1,1% in Q3. As for the yearly data, retail sales in Q3 had shown 2,7% growth against 3,1% in Q2.
Japanese manufacturing data has indicated on growth again. However, local PMI declined to 51,8 against 52,9 in October.
The ECB’s representative Peter Praet has mentioned on Monday that the policy of central bank will be transparent. He expects inflation to grow in midterm. However, Praet has underlined, that the Eurozone economy still needs stimulus.
Business Climate index declined in Germany more than expected. The indicator reached 102 level against 102,3, forecasted by the experts.
The ECB’s head Mario Draghi has mentioned on Monday that the latest economy data was worse than expected. However, he thinks that this weakness is a temporary aspect.
UK representatives think that the current Brexit deal may harm British economy. They expect GDP to decrease for 4%.
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