Bank Of France Forecasts Q1 Growth At 0.3%

Trading 10 fév 2020 Commentaire »

The French economy is set to grow 0.3 percent in the first quarter of 2020, the Bank of France predicted in a report released on Monday.

In the fourth quarter of 2019, gross domestic product unexpectedly decreased 0.1 percent from the previous quarter.

The monthly survey by Bank of France showed that the manufacturing confidence index remained unchanged at 96 in January. In January, industrial production eased slightly, largely due to the weakness in aeronautics, automobile and electrical equipment sectors. Meanwhile, the IT and electronic equipment sectors recovered strongly.

Order books were stable and business leaders expect a return to trend growth in February, the survey found.

The business confidence index for services rose to 98 from 97 in December. Firms expect services activity to slow in February.

The sentiment indicator for construction climbed to 106 from 105 in December. Constructors expect activity to continue to grow at a sustained pace in February.


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*Canadian Dollar Drops To 1.4584 Versus Euro

Trading 10 fév 2020 Commentaire »

Canadian Dollar Drops To 1.4584 Versus Euro


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Loonie Little Changed After Canada Building Permits

Trading 10 fév 2020 Commentaire »

Following the release of Canada building permits for December at 8:30 am ET Monday, the loonie changed little against its major rivals.

The loonie was trading at 1.3314 against the greenback, 82.44 against the yen, 1.4576 against the euro and 0.8907 against the aussie around 8:32 am ET.


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*Canadian Building Permits Spike 7.4% In December

Trading 10 fév 2020 Commentaire »

Canadian Building Permits Spike 7.4% In December


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Loonie Little Changed Following Canada Housing Starts

Trading 10 fév 2020 Commentaire »

Canada housing starts for January have been released at 8:15 am ET Monday. The loonie changed little against its major rivals after the data.

The loonie was trading at 1.3314 against the greenback, 82.42 against the yen, 1.4580 against the euro and 0.8904 against the aussie around 8:16 am ET.

Canada building permits for December will be released at 8:30 am ET.


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Loonie Falls Vs Most Majors Ahead Of Canada Housing Starts

Trading 10 fév 2020 Commentaire »

Canada housing starts for January are set for release at 8:15 am ET Monday. Ahead of the data, the loonie traded mixed against its major rivals. While the loonie held steady against the aussie, it dropped against the rest of major rivals.

The loonie was worth 1.3312 against the greenback, 82.42 against the yen, 1.4580 against the euro and 0.8902 against the aussie at 8:10 am ET.


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Greece Industrial Production Declines For Third Month

Trading 10 fév 2020 Commentaire »

Greece industrial production fell for the third month in a row in December, data from the Hellenic Statistical Authority showed on Monday.

Industrial production fell a working-day adjusted 4.5 percent annually in December, following a 9.0 percent drop in November.

Manufacturing output rose 0.3 percent yearly in December.

Electricity supply declined by 20.0 percent and mining and quarrying production fell 5.0 percent. Meanwhile, production rose 0.6 percent in water supply.

Among the industrial sectors, production of intermediate goods, capital goods, consumer non-durable goods declined, while that of energy and consumer goods increased.

On a monthly basis, industrial production fell a seasonally adjusted 2.6 percent in October, after a 1.2 percent rise in the preceding month.

In 2019, industrial production decreased 0.6 percent from the last year.


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Italy Industrial Production Falls Most In 2 Years

Trading 10 fév 2020 Commentaire »

Italy's industrial production declined to the sharpest rate in two years in December, data from the statistical office ISTAT showed on Monday.

Industrial production decreased a seasonally adjusted 2.7 percent month-on-month in December, after remaining unchanged in November. Economists had expected output to fall 0.5 percent.

The latest decline in production was the worst since January 2018, when it decreased 3.2 percent.

On a calendar and working-day adjusted basis, industrial production decreased 4.3 percent in December, following a 0.8 percent decline in the prior month. Economists had expected a 0.2 percent fall.

Manufacturing output fell 4.2 percent annually in December.

Mining and quarrying production dropped 10.4 percent and electricity, gas, steam and air conditioning sector output declined 5.3 percent.

Among all the sectors, intermediate goods, energy, capital goods, and consumer goods declined.

On an unadjusted basis, industrial production fell 1.3 percent annually in December, following a 3.8 percent decrease in the preceding month.

In the fourth quarter, industrial production decreased by 1.4 percent from the preceding quarter.

In 2019, industrial production decreased 1.3 percent from the previous year.


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Romania Trade Surplus Widens In December

Trading 10 fév 2020 Commentaire »

Romania's trade deficit increased in December, as exports and imports increased, figures from the National Institute of Statistics showed on Monday.

The trade deficit widened to EUR 1.768 billion in December from EUR 1.710 billion in the same month last year. In November, the trade deficit was EUR 1.487 billion.

Exports rose 4.9 percent year-on-year in December, following a 1.0 percent increase in November.

Imports grew 4.5 percent annually in December, after a 0.2 percent fall in the previous month.

In 2019, the trade deficit was EUR 17.280 billion. Exports and imports rose by 1.9 percent and 4.2 percent, respectively, from last year.


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Finland Trade Balance Swings To Surplus

Trading 10 fév 2020 Commentaire »

Finland's merchandise trade balance swung to surplus in December, as exports rose and imports declined, preliminary figures from the Finnish Customs showed on Monday.

The trade balance registered a surplus of EUR 330 million in December versus a deficit of EUR 428 million last year. In November, the trade deficit was EUR 145 million.

In December, exports rose 13.3 percent year-on-year and imports fell 1.9 percent.

Exports to the EU countries increased 24.5 percent and imports fell 3.9 percent. Shipments to countries outside the EU decreased 2.0 percent, while imports rose 1.2 percent.

The trade deficit from January to December decreased to EUR 710 billion from EUR 2.9 billion a year ago. Exports grew 1.9 percent, while imports decreased 1.4 percent.


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