Mood across American consumers eased from a six-year high in June, as progress in the closely-watched labour market supported consumers' views of the economic outlook.
Prices of electricity, fruit and vegetables helped to boost consumer prices in the Eurozone off its three-year low last month, suggesting some stabilization in the struggling to grow region.
"We've come down a tick this month, but broadly we suspect the trend is toward a higher unemployment rate" - Michael Turner, a debt strategist at Royal Bank of Canada Australia recorded a surprise improvement of the labour market in May, boosting payrolls and pushing overall jobless rate lower, even as the job market withstood a weaker domestic outlook. The number
"Evidently, the situation for industry has stabilised, although it is too soon to talk about a sustainable recovery" - Swiss SVME purchasing managers' association and Credit Suisse Producer and imports prices in Switzerland fell unexpectedly in May from a month earlier, reflecting that manufacturers are more worried about future economic performance of the country, even despite all other economic indicators
"More needs to be achieved to help banks lend to new buyers, as a strong improvement in first-time buyer lending is the crucial catalyst for a full market recovery "- David Brown, commercial director of LSL Property Services Property prices in England and Wales hit record high in May as government's initiative to ease credit pressure made mortgages available to
"The downside risk from sequestration is proving much smaller than some had feared"- Mike Englund, chief economist at Action Economics LLC The closely-watched labour market is showing signs of stabilization as the number of Americans who applied last week for the jobless benefits fell, suggesting companies are refraining firing stuff even despite deceleration in the economy and recent budget cuts
"The slower growth is not really an issue of a big change in the fundamentals" - Andrew Burns, the lead author of the reportIn its latest assessment of the global economy and the Eurozone economy in particular, the World Bank said they expected slower, but less volatile growth in the coming months and years. The main reasons for that are
"It appears that some of the factors behind the sharp drop in sentiment in May were temporary " - Matthew Hassan, senior economist at Westpac A measure of Australian consumer mood bounced in June, recovering from two months of sharp fall, an encouraging sign as the resource-rich economy is struggling boost growth amid anticipated slowdown in mining sector, which will
"Apparently the BOJ considers a stock plunge is temporary, but the central bank would be forced to act if stock prices keep heading south" - Yoshiki Shinke, chief economist at Dai-ichi Life Research Institute After convincing investors in his readiness to double the nation's monetary base and end deflation the Bank of Japan Governor Haruhiko Kuroda is now facing a
"The jobs market appears to be moderately improving. We may see a pickup in output without a further increase in employment"- Peter Dixon, an economist at Commerzbank AG The number of people in the U.K. claiming unemployment benefits fell more than initially estimated in May, while the number of people in the labour force reached the highest level since records
"The fiscal picture has a very long way to go before it is on a sustainable path "- Thomas Simons, a government-debt economist in New York at Jefferies LLC The U.S. government stated that the country's budget deficit widened more than expected last month. The federal budget swung to deficit of $138.7 billion in May compared to surplus of $112.9
"While April industrial production data are relatively encouraging, the euro zone manufacturing sector is not yet out of the woods " - Howard Archer, chief European economist at IHS Global Insight Industrial output in the 17-nation economy increased more than expected in April, led by France, adding to signs the region's economy is beginning to emerge from a record-long recession,
Weak housing finance figures unveiled by the Australian Bureau of Statistics on Tuesday are confirming that consumers are still cautious about future income and showing unwillingness to take on new debt, preferring instead to pay down the existing ones.
The Bank of Japan decided to refrain from expanding its tools to address bond-market volatility, sticking to its previously announced plan to double the monetary base to end decades of deflation and stoke growth.
The U.K. brief industrial revival came to a halt in April, as manufacturing production unexpectedly fell, the Office for National Statistics showed Tuesday.
Confidence among small businesses in the world's largest economy climbed to a one-year high in May, as the economic outlook over the next six month improved.
Mario Draghi's pledge to do "whatever it takes" to save the single currency is being challenged by German constitutional court.
"The Swiss economy should consequently gather some momentum" - KOF Economic Research Agency Sales at Swiss retailers rebounded in April, indicating improved consumers' mood and suggesting consumers' are now more confident about economic future and are showing willingness to increase spending, the Federal Statistics Office said Monday. According to the report, the nation's retail sales grew by real 3.3% in
"This is what Mr. Abe needs for major structural changes this year" -Martin Schulz, an economist at Fujitsu Research Institute The world's third largest economy is heating up as the government has revised its growth numbers for the first quarter, helping Prime Minister Shinzo Abe to sustain confidence in his campaign to boost growth and defeat deflation. Japan's gross domestic
"It's encouraging to see that U.K. business confidence has continued its upward trend, and that businesses have retained their healthy hiring intentions"-Peter Hemington, partner at BDO Further signs that Britain's economy is gathering pace emerged on Monday, as a bunch of economic data reported a gain in jobs placement, increasing output and improved confidence in the manufacturing sector. According to
"Low inflation may give the FOMC more leeway to continue its aggressive asset purchase program"-Federal Reserve Bank of St. Louis President James BullardThe weak inflation pressure is adding to the case of the Federal Reserve maintaining the pace of its stimulus programme, Federal Reserve Bank of St. Louis President James Bullard said Monday. Even despite some improvement in the labour
"I believe that the crisis, far from weakening the eurozone, will strengthen it" -French President Francois HollandeDespite record high unemployment, anaemic growth at best and struggling to grow manufacturing sector, French President Francois Hollande is sure that the sovereign debt crisis, which has gripped the region over the past four years, is over. He claimed for greater integration of the
"No question this is a staggering report, which puts a much healthier glow on the outlook for Canadian growth" -Doug Porter, chief economist at BMO Capital Markets Canada's economy created the most jobs in more than a decade last month, boosted by full-time employment ranging from construction sector, suggesting resilience in domestic demand even despite weak demand from abroad. On
"The latest franc depreciation, pushed by speculation about an increase in the minimum exchange rate and negative interest rates, actually brought some relief for the SNB" - Alexander Koch, an economist at UniCredit GroupThe Swiss National Bank's foreign-currency reserves soared to a record high in May, after being almost stable for almost eight months, as the Swiss Franc lost ground against