Housing prices in the U.K. advanced in the month of January together with a pick up of lending activity caused by lowed mortgage rates, the Nationwide reported on Thursday. The report showed that a typical house price increased by 0.5% and the Nationwide Housing Price Index rose from 327.5 in December to 329.1 in January, while annual change of the
Unemployment in the European largest economy surprisingly declined in January as a sign of healthier labor market with improving conditions of global economy, the Federal Labor Agency unveiled on Thursday. German's unemployment decreased notably by 16,000 in January following a December's drop of 2,000, the total number of unemployed reached 2.92 million."The German labor market convinced with a distinct robustness
The downturn in the Spanish economy worsened in the final three months of 2012, as the economy shrank more than expected, adding to concerns that 2013 is going to be another hard year for Mariano Rajoy.
The U.S. economy unexpectedly shrunk in the last quarter of 2012, due to the biggest plunge in defence spending and modest inventory growth.
U.K. mortgage approvals increased more than initially was expected last month, a sign the Bank of England's credit-boosting programme is having a positive impact on home loans.
Retail sales in the world's third largest economy rose less than predicted, indicating weak domestic demand, the Trade Ministry said on Tuesday.
The momentum of the Swiss economy slowed for the fourth consecutive month in January, adding to concerns that deepening Eurozone crisis weighed on business confidence.
Business confidence in Australia rose sharply last month, as local firms were encouraged by signs of recovery in the world economy, the National Australia Bank survey showed Tuesday.
Japanese government unveiled its budget for 2013, which includes spending cuts for the first time in seven years, adding to evidence that Shinzo Abe is putting efforts to establish fiscal-discipline credentials.
House prices across England and Wales rose at the fastest pace for more than two years in 2012, mostly driven by property values in London, despite overall weak economic performance.
Confidence among U.S. consumers declined more than initially was expected this month, reaching the lowest level in more than a year, as Americans were more pessimistic about the economic outlook and their financial prospects.
German consumers feel more confident about the Europe's largest economy's outlook, due to a stable labour market and higher income expectations, market research group GfK said on Tuesday.
The amount of cash Swiss commercial banks held with nation's central bank turned lower in the week to January 25, a sign that investors are getting more anxious over Eurozone's financial woes.
The world's third largest economy is widely expected to expand by 2.5% in the fiscal year starting in April, due to Prime Minister Shinzo Abe's ambitious fiscal and monetary policies, the Japanese government's report showed Monday.
The next two years are going to be decisive for bank reform, thinks the incoming governor of the Bank of England Marc Carney.
The number of home buyers in the U.S. signing contracts to purchase previously owned properties dropped unexpectedly last month after three months of gains, showing uneven progress in the housing market.
The Eurozone M3 money supply increase slowed unexpectedly last month, the European Central Bank said on Monday.
U.S. durable goods rose notably above economists' expectations in the last month of 2012, together with transportation equipment orders which increased by 11.9% in the same month, the Commerce Department reported on Monday. The report showed a 4.6% rise of durable goods orders in December following a November's 0.7% jump, while economists forecast a 1.6% jump.Stock prices were changed after the report
Consumer prices in Canada remained barely visible for the second month in a row in the last month of 2012, indicating weak domestic demand keeping the inflation below the bottom of the central bank's target band, as food and shelter costs moderated.
The number of new homes sold in the U.S. in December has declined, indicating the property market rebound will take time to develop after the industry completed its first year of recovery.
Consumer prices in the world's third largest economy dipped for the seventh time in eight months, underscoring the risk that the central bank may struggle to reach its new 2% inflation target.
Britain's economy shrank more than initially was expected during the last three months of 2012, further fuelling fears that the economy could re-enter recession.
Confidence among German companies and investors hit a seven-month high in January, adding to signs that Europe's largest economy is recovering from a slump at the end of last year.
New home sales in the U.S. dropped unexpectedly in the month of December despite an improvement of longer-term trend, the U.S. Commerce Department reported on Friday. New single-family homes declined 7.3% from a November's revised level of 398,000 to a seasonally adjusted 369,000 in December, while economists expected the new home sales to rise to 388,000."2012 was the first year