Netherlands inflation rises
The Netherlands' consumer price index (CPI) increased 0.7% month over month, accelerating from the previous 0.1% rise.
Annual inflation climbed to 3.7%, matching market expectations and rising from the previous 3.4% reading. The increase indicated strengthening consumer price pressures.
Meanwhile, data from Statistics Netherlands (CBS) showed that manufacturing production rose 0.2% month over month in September. The modest increase suggested a gradual improvement in industrial activity, while accelerating inflation remained an important factor for the Dutch economic outlook and European Central Bank (ECB) monetary policy expectations.
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