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La Nina weather phase fuels concerns in commodity markets

ISTANBUL: The La Nina weather phase has fueled concerns in commodity markets since it is estimated to create disruption and volatility.

La Nina is expected to begin at the end of summer, following the El Nino phase, according to estimates by the US N…

EU construction production down in June

ISTANBUL: Construction production in the European Union fell 0.1% year-on-year in June, while it was up 1% in the euro area, according to data Eurostat released on Tuesday.

Meanwhile, production in construction within the euro area rose 1.7% and 1.4%…

Annual inflation up in both EU, eurozone in July

ISTANBUL: The annual inflation rate rose in both the EU and eurozone in July, to 2.8% and 2.6%, respectively, official figures from Eurostat showed on Tuesday.

The rate was at 2.6% in the EU in June and 2.5% in the euro area, said Eurostat.

The lowe…