The month-on-month inflation rate was currently over 20 per cent.

It was the biggest month-on-month gain since 2003, despite the worsening global economic environment.

The decade's largest month-on-month decline was last March, when output fell 4.7 percent.

German retail sales fell 0.9pc in November month-on-month against an expected 0.2pc gain.

Biggest of all was the 6.4% month-on-month surge in clothing prices, which followed a big increase the prior month.

It's worse month-on-month - industrial production contracted to -2pc from 1.2pc.

More bad news for road users as they are forced to endure the highest month-on-month increase in the price of diesel this decade.

There was a sharp fall in interest rates, while the foreign exchange market stabilized, and the month-on-month inflation rate fell to half its February level.

This is the second successive monthly fall, following the encouraging month-on-month improvements between December and March.

Both newspapers record month-on-month circulation increases but year-on-year declines.

Output rose just 0.2pc month-on-month in November after falling 1pc in October.

A month-on-month decreasing trend suggests consumers have a negative outlook on their ability to secure and retain good jobs.

A feature of this was month-on-month compound growth in excess of 20% for a sustained period (several years).

Independent on Sunday records sector's largest month-on-month rise and only year-on-year rise.

Meanwhile, Italian producer prices rose 0.1pc month-on-month in November, and 4.2pc year-on-year.

Analysts had expected a month-on-month rise of 0.3 percent and an annual rise of seven percent.

All Sunday national newspapers reported a month-on-month sales fall in December, traditionally a slow month for circulation with the Christmas holidays.

And with month-on-month growth of around 20pc, the business is projecting income this year of £8.5m, says managing director Stephen Boobyer.

"While not as large as May's jumps, these are still relatively big month-on-month increases, and suggest more upward pressure on core inflation later in the year."

This is the biggest month-on-month increase since the statistics body started tracking CPI changes in 1997, and reflects soaring cotton prices.

And after its initial plunge in the first quarter of 2009, real GDP and industrial production have grown on a month-on-month basis.

Figures from Berlin show German industrial orders in October saw their strongest rise since March 2010, up 5.2pc month-on-month.

In July industrial production was up 5.9pc year-on-year and investments was back in positive territory, up 0.8pc, but both indicators were down by 10pc month-on-month.

German factory orders fell more than expected in November, down 4.3pc on an annual basis, and 4.8pc month-on-month - the biggest monthly decline in almost three years.

Consumer spending increased 0.3 percent last month after falling 0.7 percent in February, while consumer prices rose 0.5 percent month-on-month in March.