CPI to rise 7.1% in annual terms in the fourth quarter and 1.3% in quarterly terms. (DJN) Singapore's consumer-price growth slowed in December, mainly thanks to lower private-transport costs. The December consumer price index climbed 6.5% from a year earlier, the Department of Statistics said. That compared with the 6.7% rise posted in November and was marginally below the median estimate for a 6.55% increase taken from a Wall Street Journal survey of six economists. (DJN) Business confidence in Germany improved in January to its highest level since June, adding to signs of resilient activity at the beginning of the year as optimism returns amid easing concerns over an imminent recession. The Ifo business-climate index rose to 90.2 in January from 88.6 in December, posting a fourth-consecutive monthly improvement, data from the Ifo Institute showed. (DJN) Feedback Loop
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This article is a text version of a Wall Street Journal newsletter published earlier today.
(END) Dow Jones Newswires
01-25-23 0719ET
