Author: Don Nico Forbes

The data highlights the uneven nature of the region’s recovery as manufacturers contend with higher energy costs despite signs of improving demand.

Factory orders and industrial production rose in the second quarter, shaking off fears of a slowdown as disruptions in the Hormuz Strait sent energy prices soaring.

Inflation picked up in Germany this month, though less than expected, with few signs of broader price pressures in the economy despite conflict in the Middle East keeping upward pressure on energy costs.

Businesses and consumers felt more positive about their prospects in August, a boost for demand in the face of persistent uncertainty about the duration and intensity of the Iran war.

Andy Burnham has made unemployment a priority amid skyrocketing youth inactivity and a rapid collapse in entry-level vacancies. Economists warn the issue risks leaving a permanent scar on the economy.

German industrial production unexpectedly rose in June, extending a run of resilient manufacturing data that suggests Europe’s largest economy has so far shrugged off the economic fallout from the war in the Middle East.

German industrial production unexpectedly rose in June, extending a run of resilient manufacturing data that suggests Europe’s largest economy has so far shrugged off the economic fallout from the war in the Middle East.

While input costs have risen sharply, demand is proving resilient as businesses stockpile essential parts and equipment to avoid further disruption from tensions in the Middle East.

The rise in sentiment was driven largely by perceptions of the economy, with a jump in how consumers view the past year as well as the next 12 months.