The United States is by far the world’s biggest producer of oil, having produced around 16.6mn barrels of oil on average per day in 2021, Statista reports.
Sales of passenger cars and light commercial vehicles (LCVs) declined by 62% year on year in November to 46,403 vehicles, according to the Association of European Businesses that oversees the industry.
Despite the sharp improvement of the Russia Manufacturing Purchasing Managers’ Index™ (PMI) seen in November, continued contraction in the services sector has kept the composite output stagnating in the reporting month.
The global inflation crisis paired with lacklustre economic growth and an outlook clouded by uncertainties have led to a decline in real wages around the world, a new report published by the International Labour Organization (ILO) has found.
Annualised Hungarian retail sales growth slowed to 0.6% in October from 3% in the previous month.
ENAG inflation research group says it fell to 171% from 185%.
Severe supply chain disruption continued, however, with muted rates of improvement across the sector.
Impacts of Ukraine invasion still driving price growth in economy.
Adjusted for seasonal and calendar year effects, GDP grew 4.1% y/y, but fell 0.4% from the previous quarter.
Poll reveals Moldovans' unhappiness amid rampant inflation and economic hardship brought on by the war in Ukraine.
Data shows rebound, but figures were below expectations as sharply rising prices kept some tourists away.
With the reliable supply of Russian gas to Europe a thing of the past since the eruption of war in Ukraine, many European countries have been scrambling to find alternative sources of energy. Many have turned to LNG.
Russian manufacturing firms recorded their fastest improvement in almost six years as the S&P Global Russia Manufacturing Purchasing Managers’ Index™ (PMI) posted 53.2 in November, up from 50.7 in October – the fastest expansion since 2017.
The reading is the first y/y easing of the index since June 2021.
Sharp slowdowns in the expansion of private consumption and investment lead to growth easing from 5.6% in Q2.
Kazakh retail sales rose by 1.4% y/y in January-October, registering a value of Kazakhstani tenge KZT12.09tn ($25.8bn), according to data published by Kazakhstan's State Statistics Committee.
Bulgarians are more likely to be struggling with rising living costs than their peers in other EU countries.
As growth slows, annual growth in October was driven mostly by the increase in PPI in the manufacturing sector.
After the Russian military withdrew to the eastern bank of the Dnipro River in Kherson, the residents of the region that had been under Russian rule for eight months celebrated their liberation by Ukrainian troops, reports Statista.