Trade in the Eurozone shops fell by the largest margin in eight months in December, underscoring domestic weakness in the region's economy that is likely to weigh on the recovery, despite emergent signs the bloc has passed the deepest point in its downturn.
Swiss export decreased in the last month of 2012 to its lowest level in 16 months as the weaker performance of the Eurozone's economy dragged down the demand for the Swiss watches and machinery and electrical products, the Federal Statistical Office reported on Tuesday. Exports fell 1.5% in December, while imports of the economy increased by 5.5%. "Switzerland's foreign trade managed to withstand the difficult global economic
The amount of cash Swiss commercial banks held with nation's central bank turned lower in the week to February 1, a sign that investors are getting more anxious over Eurozone's financial woes.
The amount of domestic currency in circulation and current account deposits held at the Bank of Japan rose in January compared to that in the same month last year, indicating that the expansion of asset-purchase programme and other bold actions done by Shinzo Abe are starting to have an effect on the economy and may result in a revival of
The U.K. construction output shrank for the third consecutive month in January, due to weak domestic demand, which was hit by a cold snap that brought snow across the country and created a drag on building projects.
The number of orders placed with U.S. factories increased less than forecast in December, indicating a drop in non-durable goods that partly countered gains in construction equipment and computers.
The number of people out of work in Spain rose last month, as a fifth year of economic downturn left the country with a third of the labour force jobless.
Producer prices in the 17-nation bloc contracted for the second successive month in December giving a chance for the European Central Bank to lower the interest rate in order to revive the economy of the bloc. Eurozone factory prices fell 0.2% in the last month of 2012 equally with factory prices of the 27-nation European Union recording in the same
Construction output in the U.K. missed economists' projections, as declined again in the month of January, recording the lowest figure since June 2012, the Markit survey showed on Monday. The Markit/CIPS Construction Purchasing Managers' Index stayed unchanged in January from the month before, when it slipped to a six-month low at 48.7 compared to forecast of 49.1."January's survey results are
Switzerland's key manufacturing output index soared to the highest level in one and a half years in January, reflecting a recovery in the sector from the last year's slowdown.
The number of people out of work in the world's third largest economy edged higher in the last month of 2012, blocking the country's ongoing efforts to tackle the economic slowdown under the new leadership of Shinzo Abe.
Activity at the U.K. manufacturing sector expanded for the second consecutive month in January, raising hopes the economy can avoid a fall into a new recession, even though the activity grew less than a month before and was below expectations.
The pace of hiring in the world's largest economy eased slightly last month, while unemployment rate edged higher from previous month's level, the Labor Department figures showed on Friday.
The Eurozone's manufacturing sector is showing signs of edging back to recovery despite the region's ongoing debt crisis, as Markit's purchasing managers' index, which reflects manufacturing activity, came in at 47.9 in January, compared with 46.1 the prior month.
Canadian economy picked up some steam in November, beating analysts' expectations, mostly, due to the rebound in the manufacturing sector.
New applications for the unemployment benefits in the world's biggest economy rose more than expected during the last week, almost erasing a slide in the prior two weeks.
Output at Japanese manufacturers, mines, and utilities expanded in December less than initially was expected, a sign the world's third-largest economy may be stabilizing thanks to stronger global demand and government spending.
Britain's house prices moved up in January, as the Bank of England's credit-easing programme helped loosen the mortgage market, the report by Nationwide Building Society showed Thursday.
The number of people out of job in the Europe's largest economy turned lower this month, adding to signs that a pickup in German economy is gathering pace.
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.