Recent data released by Eurostat unveils an intriguing trend in the trade dynamics of both the Euro Area and the broader European Union (EU). The figures for March 2024 showcase a notable surplus in trade in goods with the rest of the world for both economic blocs, painting a picture of resilience amidst economic challenges.
The United Kingdom's Consumer Prices Index (CPI) rose by 2.3 percent in the 12 months leading to April 2024, a notable decrease from the 3.2 percent recorded in the 12 months to March. According to the Office for National Statistics (ONS), the monthly CPI growth was 0.3 percent in April 2024, compared to a significant 1.2 percent rise in April 2023.
Germany's producer prices for industrial products experienced a notable decline in April 2024, according to the latest report from the Federal Statistical Office (Destatis). This marks a continuation of a trend observed over the past year, with prices dropping by 3.3 per cent compared to April 2023. However, there was a slight increase of 0.2 per cent on a month-to-month basis, compared to March 2024.
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