Estonia Producer Price Inflation Slows In June

Estonia’s producer price inflation slowed in June, data from Statistics Estonia showed on Monday. Producer prices advanced 0.5 percent year-on-year in June, which was slower than 1.1 percent rise in May. Prices of mining and quarrying industry grew 7.5 percent annually and manufacturing prices gained 0.3 percent in June. While, electricity, gas, steam and air conditioning supply prices dropped 5.4 percent from a year ago. Month-on-month, producer prices edged up 0.1 percent in June, after a 0.4 percent fall in the preceding month. Further, data showed that import prices fell…

The Economy Looks Solid, but the Fed Plans to Cut Rates Anyway. Here’s Why.

This will be no ordinary interest rate cut. The Federal Reserve is planning to cut rates at its policy meeting at the end of the month even though the United States economy, by most available evidence, is doing perfectly fine. It appears, based on a close reading of Fed Chair Jerome Powell’s own words, to be something deeper than just a tactical response to the latest economic data. It is instead an effort to apply the lessons of the last decade of sluggish global growth and low inflation to Fed…

Latvia Producer Price Inflation Slows In June

Latvia’s producer price inflation slowed further in June, figures from the Central Statistical Bureau showed on Friday. The producer price index climbed 2.5 percent year-on-year in June, following a 3.1 percent increase in May. Among the main groups, water supply grew 9.9 percent annually in June and electricity, gas, steam and air conditioning supply rose by 9.4 percent. Prices for mining and quarrying and manufacturing increased by 2.2 percent and 0.7 percent, respectively. Domestic market prices rose by 5.8 percent in June, while the foreign market prices fell 0.4 percent.…

The Week in Business: A Suddenly Vulnerable Netflix

Want this column in your inbox? Sign up here. It has been a hot week, with no relief in sight. If you’ve spent it assembling a wall of fans and air-conditioners, you may have missed some business and tech news. Don’t worry, that’s why we’re here. (And here are some great no-cook dinners to help you beat the heat.) What’s Up? (July 14-20) Stranger Things Netflix lost more than 10 percent of its stock market value after the company said it had lost 126,000 subscribers in the United States last…

UK Budget Logs Biggest June Deficit In 4 Years

The UK budget deficit widened to the highest June level in four years on bigger government spending, the Office for National Statistics reported Friday. Public sector net borrowing excluding public sector banks rose by GBP 3.8 billion from the previous year to GBP 7.2 billion, the highest June borrowing since 2015 and well above the expectations of GBP 3.9 billion. Receipts grew only 1.5 percent annually, driven by higher income tax related revenue, while government expenditure increased 7.2 percent from last year. The current financial year-to-date borrowing increased by GBP…