"The Swiss economy should consequently gather some momentum" - KOF Economic Research AgencySwiss KOF leading economic indicator improved for a second straight month in May, adding to signs that the economy will continue gaining momentum even despite deepening Eurozone recession. The index, compound by the KOF Economic Research Agency, rose 0.06 points to 1.10 this month, up from an upwardly
"The Bank of Canada should take some comfort in allowing domestic demand to take a much needed breather" -David Tulk, chief macro strategist at Toronto-Dominion Bank's TD Securities An increase in oil exports to the U.S. has boosted Canada's economy in the first quarter of this year, even as domestic demand expanded at the slowest pace since the 2009 recession.
"The problem getting credit to SMEs seems to be pretty intractable, and it be may be more of a demand-side issue than a supply-side one " -Brian Hilliard, of Societe Generale Lending to the U.K. businesses fell sharply last month, dropping by the biggest margin so far this year, even despite a surge in mortgage approvals. On Friday, the Bank
"We are seeing a slowing. It's still a decent start to the quarter after a very strong first quarter"-Sal Guatieri, a senior economist at BMO Capital Markets Consumers spending in the world's largest economy unexpectedly dropped last month, as personal income stagnated, putting the biggest part of the economy on shaky ground at the beginning of a year. On Friday,
"We're engaged in a race against time, and in too many countries, too many people without a job -- in particular young people -- remind us that the battle is not yet won, and further efforts are needed " -EU President Herman Van Rompuy The number of unemployed people in the 17-nation economy soared to a fresh high in April,
Swiss economy expanded at a faster pace than it was initially expected
Japan's industrial production expanded more than expected in April
Housing market in the U.K. is continuing to gain pace, as home prices soared most in 18 months
A drop in government spending and tax hikes dragged more on the world's largest economy than initially thought in the first quarter of 2013, a sign of increasing pain from Washington's austerity measures.
European Union authorities decided to soften its demands for austerity measures, providing six members with more time to curb budget deficit back to the target level.
Australian construction sector took another hit in the quarter of 2013, even with borrowing costs close to record lows.
During his monthly policy meeting as a Governor of the Bank of Canada Mark Carney kept the main interest rate unchanged and noticed that tighter policy may be needed soon as the economic expansion progresses.
Sales at Britain's retailers dropped the most in 16 months, due to weak demand for food and drink, according to an index compiled by the Confederation of British Industry.
Concerns that the Federal Reserve may soon slow down the pace of its stimulus programme sent mortgage rates to the highest level in a year.
The number of unemployed people in Europe's largest economy increased more than four times as much as economists estimated this month, as long winter and further deterioration in the neighbouring Eurozone countries took their toll on German economy.
A cluster of economic data from Switzerland has emerged on Tuesday, sending mixed signals, as the nation's trade surplus narrowed, while the labour market improved.
Japan's retail sales eased to seasonally adjusted annual rate of –0.1% in April, indicating a noticeable improvement in retail trade amid the aggressive stimulus plan by the Japanese top officials, who aim to halt the nation's 15-year deflation and reach the 2% inflation goal.
Britain's four largest banks are going to eliminate around 189,000 jobs by the end of this year, bringing employment level to a nine-year low due to a dearth of revenue, and moreover, more cuts may follow.
Confidence among consumers in the world's largest economy jumped more than initially was expected in May, reaching a five-year high, lifted by an increased optimism for hiring and business conditions.
Spanish government led by the Prime Minister Mariano Rajoy failed to reach an agreement on more flexible means of how to reach the budget-deficit target of the regions.
The amount of cash held by the nation's commercial banks and the central bank inched higher last week, adding to signs that investors are getting less anxious over the Eurozone's financial woes.
Japan's corporate service price index unexpectedly declined last month, according to official data Tuesday.
House prices in the U.K. surged most in six years in May, as a shortage of properties boosted values in London, due to a very strong demand, a survey conducted by Hometrack showed Monday.
Despite belt-tightening in Washington, slowdown in heavy industry and businesses unwillingness to increase spending, consumers are the only one who are keeping the U.S. economy on track.