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Poland: January jump supports our 2021 CPI call


(MENAFN - ING) The Central Statistical Office reported a strong increase in inflation in January, to 2.7% YoY compared to 2.4% in December and the consensus estimate at +2.4%. The inflation surge in January was the result of a strong increase in food prices, despite a high base, by 1.3% YoY vs. 0.8% YoY in December. This is due to a colder winter in Poland and Europe than a year ago, which pushed up fruit and vegetable prices. In addition, in Poland, this was compounded by higher sugar and trade taxes.
We estimate that core inflation also accelerated, to around 4% YoY vs 3.7% YoY in December. This is a result of, among other things, an increase in TV subscription fees, limited seasonal sales in January (malls were closed until the end of the month), and rising costs of companies, which have been passed on to consumers.   ....

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London's Continued Future As A Global Financial Centre In Post-Brexit Era - "Amsterdam's Emergence As The Primary Centre For European Share Trading Suggests That The European Union Will Never Develop A Global Financial Centre That Displaces London."

<p><span>Newspaper headlines have declared that &ldquo;<a href="http://tracking.vuelio.co.uk/tracking/click?d=vbSnuEjzZpYIg9u IGoMM0zZhi4wcu9IGXFkI3Xinfof1abzMHPEmZTicxJOCLUaWX5GkKOa1Qfc4o-Zc69Cv1rNR cwVdxG-QBFw0cIsrj7hbaoU3rCfv JGR0M38TkhBBVdxjRr6kmDqKi5HMOpL4mdg-iitTAP62NUqTlNDaSB8Fla6i6xsf9jvF5K2N-hw2" target=" blank">Amsterdam ousts London as Europe&rsquo;s top share trading hub</a>&rdquo;. This has been seen as&nbsp;<a href="http://tracking.vuelio.co.uk/tracking/click?d=0trRkaWP5iLkZFJ2xThsTEMZHjutjKqu7O6yAIa8BjkdlHZeF3a fQ5w785vf MrTEDNUOkHLQHbz2RmGYH2AgtI3Ttker35yxc3ToGUQ69dg2nzIK67pNv8FArNTMVOglGwDtBlLEyDEk3WyVqXCxVHx-41VKpFKPnW3rq9LVnT1xTOy5CkkifMWPHI06XXMZIfP9mu4geaQJjNjwV OpNe-skMrUD9DCCryjcY3 iKjW-UIBOc5GSN8hJmg2JDJRh 6JG0f9J labI4KHRV4Q1" target=" blank">another downside</a>&nbsp;of the UK leaving the UK. Amsterdam has become Europe&rsquo;s most important hub for trading sha ....

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Nine-percent rise seen in Turkey's industrial output index in December


(MENAFN) Turkey’s statistical authority said Friday that the national industrial production index posted a 1.3-percent rise in December, as compared to November’s figures, whereas the increase reached 9 percent on an annual basis.
The Turkish Statistical Institute (TurkStat) said in a statement that saw the highest annual rise among industrial sub-sectors was registered the manufacturing index which saw a jump by 9.5 percent.
Meanwhile, the electricity, gas, steam, and air conditioning supply index rose by 4.9 percent, while the mining and quarrying index rose 6 percent during the same period.
During the last quarter of 2020, calendar-adjusted industrial production went up 10.1 percent compared with the previous year s same quarter. ....

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