Swiss CPI continues to decline

Inflation in Switzerland continues to fall and has reached the lowest level for the past 33 months according to the Federal Statistic Bureau. CPI index has declined towards 0,1%. August reading was 0,3%. Economists expected the indicator to stay at 0,3%.

UK Construction sector continues to decline

British economics responds quickly to the upcoming Brexit deadline. Construction PMI declined to 43,3 on September. August reading was 45. Economists expected the indicator to remain unchanged.

Germany still cuts their economic growth forecasts

The leading Eurozone’s economy signalize about the upcoming weakness again. The main German economic institutes has cut their growth expectations for 2019 and 2020 consequently. They expect the GDP to have 0,5% and 1,1% growth.