The Reserve Bank of New Zealand is changing how it calculates the Trade-Weighted Index, by broadening the currency basket it uses to calculate the value of the Kiwi dollar, to better reflect the nation's trading relationships.
Canada's annual rate of inflation fell in September, bringing the pace of price increases in line with the Bank of Canada's goal and ensuring policy makers' benchmark lending rate will remain on hold for the time being.
Britain's economic recovery might be jeopardized by a premature decision to raise interest rates, Andrew Haldane, the Bank of England's chief economist said, providing the strongest signal yet that the central bank is ready to delay increases in borrowing costs.
US home building activity rose in September, indicating steady job creation and falling interest rates could support construction late this year. Housing starts rose an annualized 6.3% to 1.02 million up from a revised 957,000 recorded in August, the Commerce Department reported.
Eurostat, the European Union's statistics office, revised the Euro zone's Q1 and Q2 growth, as it started to use new statistical methodology.
The streak of negative news from the Euro zone seems never ending.
Canada's manufacturing sector shrank for the first time this year as factory shipments fell the most in more than five years in August led by a drop in automobile shipments.
China's banks increased their lending in September, but analysts still stress that more monetary easing is required to prop up the ailing economy as foreign investment remained subdued and foreign exchange reserve data indicated potential flight of capital.
Martin Weale, a member of the Monetary Policy Committee, said that the pace of drop in the British unemployment rate suggest that wages will start to increase.
The number of Americans who seek unemployment benefits unexpectedly declined last week to the lowest level in 14 years, adding to further positive signs that the US labour market is strengthening.
The European statistics agency Eurostat confirmed that the inflation rate in the Euro zone slipped in September to the lowest level since October 2009 amid sinking energy prices.
A senior Bank of Japan official said that the central bank's quantitative easing makes it easier for banks to lend money as it pushes interest rates lower.
China's consumer inflation fell in September to levels last seen in January 2010, adding to evidence that the world's second biggest economy is losing steam but providing policy makers with a possibility to embark on more stimulus if needed.
Britain's unemployment declined more than expected in August, hitting the lowest level in six years, while wage growth increased for a second straight month.
Retail sales in the US dropped in September, recording the first decline since January, when a severe winter weather hit the nation's economy.
The series of disappointing data from the Euro zone seems never ending. Inflation in the Euro bloc's biggest economy remained at a dangerously low level in September, according to the Federal Statistics Office, keeping the European Central Bank under pressure to step up efforts to revive the region's economy.
Producer prices in Switzerland declined for a second consecutive month in September. The Swiss Federal Statistical Office reported its PPI fell by a seasonally adjusted 0.1% last month, in line with predictions, following a decline of 0.2% in August.
Australian consumers began to feel slightly more optimistic in October about the economic outlook and their finances; however, the number of pessimists outweighs those who feel upbeat amid Australia's weak economic performance.
Britain's inflation rate fell further in September as declining oil prices and a stronger local currency lowered imports costs, reinforcing the view the Bank of England will maintain interest rates at 320-year low for now.
US small business confidence fell in September as the number of owners, who expect a decline in profits and sales, tightening in credit conditions and a difficulty to fill job openings, increased.
Now all the talks are about a possible recession in the Euro zone, as well as in its so-called growth engine—Germany, as the latest data from the region does not offer any reason to think otherwise.
China's surprisingly positive trade data in September may reduce a need of bold policy actions such as inters rate cut; however, prospects of prolonged property downturn suggests more measures are still required to bolster the nation's economy.
Business confidence in Australia declined in September from the previous month due to drop in profits and hiring amid weak economic performance.
The Bank of England Mark Carney said that further monetary policy actions will be influenced by global growth, inflation and a performance of the Euro zone, which is currently struggling to grow and is mired into deflationary spiral.