More Rate Increases to Follow U.S. Jobs Report; -2-

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Institute of Geography and Statistics. In November, production fell 0.1% in the month and grew 0.9% from a year earlier. (DJN) Uganda’s central bank has kept its benchmark rate at 10%. “Inflation is expected to continue to decline in the coming months driven by lower energy prices and disruptions in the global supply chain,” said Michael Atingi-Ego, deputy governor at the Bank of Uganda. . (DJN) Retail sales in the eurozone fell in December as households cut spending amid high inflation and rising interest rates. Retail sales volumes fell 2.7% in December after an upwardly revised 1.2% rise in November, according to data from the European Union’s statistics agency Eurostat. The December reading missed the 2.5% decline forecast by economists in a The Wall Street Journal poll. (DJN) German consumer sentiment improved for the fourth consecutive month, as consumers grow more confident about the economy and their incomes, according to February figures from the trade association bl German retailer HDE. The HDE said its consumer barometer jumped to 91.93 in February from 88.54 in January. (DJN) New orders at German factories recovered in December, an indication of improving demand in the manufacturing sector despite signs of an economic slowdown to come. Factory orders rose 3.2% in the month in December, reversing a 4.4% drop in November, according to price-adjusted data from German statistics office Destatis. Economists polled by the WSJ expected orders to increase by 2.0%. (DJN) Feedback Loop

This newsletter is compiled by James Christie in San Francisco.

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This article is a text version of a Wall Street Journal newsletter published earlier today.

(END) Dow Jones Newswires

02-06-23 0717ET

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