Hungary PPI Inflation Accelerates In February
Hungary's producer price inflation accelerated in February after easing in the previous two months, figures from the Hungarian Central Statistical Office showed Thursday.
Industrial producer prices climbed 3.9 percent year-over-year in February, faster than the 3.3 percent increase in January. The measure has been rising since December 2016.
Both domestic and foreign market producer prices grew by 3.5 percent and 4.0 percent, respectively in February from a year earlier.
Turkey's GDP Growth Moderates In Q4
Turkey's economic growth moderated in the fourth quarter, the Turkish Statistical Institute showed Thursday.
Gross domestic product grew 7.3 percent year-on-year, slower than the 11.3 percent expansion seen in the third quarter.
Similarly, calendar adjusted GDP expanded 7.4 percent from the last year versus 9.7 percent a quarter ago.
Quarter-on-quarter, GDP climbed at a faster pace of 1.8 percent after gaining 1.3 percent.
In 2017 as a whole, the economy grew 7.4 percent, which was much faster than the 3.2 percent posted in 2016.
Hungary Jan Trade Surplus Revised Up
Hungary's foreign trade surplus increased more than initially estimated in January, latest figures from the Hungarian Central Statistical Office showed Thursday.
The trade surplus for January was revised up to EUR 698 million from EUR 676 million reported earlier.
In the corresponding month last year, the surplus was EUR 563 million.
Exports climbed 10.0 percent year-over-year in January, in line with the flash data published on March 2.
Imports grew 9.1 percent in January from a year ago, just below the 9.3 percent rise seen in the preliminary report.
South Africa Money Supply Growth Exceeds Forecast
South Africa's money supply growth accelerated at a faster-than-expected pace in February, the South African Reserve Bank reported Thursday.
The broad money supply, or M3, advanced 6.89 percent year-over-year in February, faster than the 5.83 percent rise in January. Economists had expected the growth to accelerate to 6.0 percent.
Similarly, the annual growth in the narrow measure, M1, rose to 4.98 percent from 3.40 percent.
Data also showed that private sector credit in the domestic economy grew at faster pace of 5.74 percent annually in February, following a 5.54 percent rise in the prior month. That was also above the expected growth of 5.52 percent.
Germany's Jobless Rate Remains Stable In February
Germany's unemployment rate remained unchanged in February, the labor force survey from Destatis revealed Thursday.
The jobless rate held steady at adjusted 3.5 percent in February. The number of unemployed totaled 1.51 million, which was down by around 11,000 from the previous month.
On an unadjusted basis, the unemployment rate climbed to 3.8 percent from 3.6 percent a month ago.
At the same time, employment increased by adjusted 44,000, or 0.1 percent in February.
Finland Trade Gap Narrows More Than Estimated
Finland's foreign trade deficit decreased more than initially estimated in January, latest figures from Finland Customs Office showed Thursday.
The trade deficit for January was revised down from EUR 150 million to EUR 139 million. In the corresponding month last year, the shortfall was EUR 533 million.
The value of exports surged 12.0 percent year-over-year in January and imports rose by 3.0 percent. That was in line with the flash data published on March 9.