Economic Indexes in Germany, Japan, Thailand Drop More-than-Expected

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A Look at Recent Economic Data from Australia, France and the US
A Look at Recent Economic Data from Australia, France and the US

The producer price index in Germany plummeted to a seasonally adjusted annual rate of -0.2 %, showing no changes from the rate last month. The drop was more than what was expected by the analysts, which was supposed to be -0.1 % in the last month. Destatis revealed the data for German producer price inflation on Thursday.

The All Industries Activity Index in Japan also followed suit, and slipped to a seasonally adjusted -0.3%, which was quite lower than preceding month’s rate of 0.6 %. According to the report released by Japanese Ministry of Economy, Trade and Industry on Thursday, economic analysts had predicted that All Industries Activity Index would drop by -0.3% for the previous month.

Even the gross domestic product slumped more than what the financial analysts had expected for last month; the Thai GDP was supposed to post a drop of 5.7 %. As per the official data released by National Statistical Office Thailand on Thursday, the GDP in Thailand plummeted to a seasonally adjusted 5.3%, while the rate of GDP in the preceding month was 19.1%.

Coming as a dim light at the end of the tunnel, the unemployment rate in Argentina saw a surge of seasonally adjusted 7.9 %, while the unemployment rate in the previous month was 6.9 %. Going by the official reports released by Instituto Nacional De Estadistic y Censos on Thursday, the Argentinean unemployment rate went way up than the rate predicted by the analysts, which was estimated to be 7.1 % for the preceding month.
Even the economic activity for last month in Argentina rose all of a sudden.

As per the official data showed by Instituto Nacional De Estadistic y Censos on Thursday, the economic activity of the country rallied from the last month’s 2.3 % to a seasonally adjusted 2.6 % this time. As far as the estimation of the financial analysts is considered, the Argentinean Economic Activity was supposed to stay stable at 2.3 % last month.

The Conference Board Inc. also released its official data for the U.S. economic index on Thursday, showing an upward movement from last month’s -0.2 % to post a seasonally adjusted annual rate of 0.6 %.