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Spain has called a snap general election for November 29 after political tensions and a parliamentary defeat over housing measures. The election adds to political uncertainty in the euro area and comes as markets remain sensitive to fiscal and political risks.
Euro-area producer prices rose 1.9% in August as a sharp increase in energy costs pushed overall producer inflation higher. The data highlights renewed cost pressures for businesses and could add to concerns about inflation across the euro area.
Euro-area unemployment remained unchanged at 6.4% in August, while the number of unemployed people edged higher. The data indicates that the region’s labour market remains relatively stable, although joblessness increased slightly during the month.
Euro-zone factory activity strengthened in September, with the PMI rising to 52.9, its highest level in four years. The reading indicates a continued expansion in manufacturing activity and points to improving conditions across the region’s industrial sector.
The Bank of Japan’s September summary showed that policymakers discussed the possibility of faster interest-rate increases. The debate highlights growing attention to inflation and economic conditions as the BOJ considers its future monetary policy.
