The British construction sector experienced the strongest growth in four months, led by increases in new orders and supported by easier credit conditions and a low interest rate environment.
A flurry positive data came out on Tuesday from the Euro zone countries. In Germany, retail sales surged at the fastest pace in seven years in January, adding to hopes that private consumption will support growth of the region's powerhouse.
China's central bank unexpectedly announced interest rates cut on Saturday for the second time in less than four months, in a new attempt to stimulate flagging growth in the world's second biggest economy.
Canada reported the biggest current account deficit in a year in the fourth quarter, as declining energy exports affected the country's trade balance.
The Confederation of British Industry expected the UK economy to grow strongly in the next three months, though at a slightly slower pace compared with the same period last year.
Fed's preferred gauge of US consumer prices dropped in January partly due to lower oil prices, undershooting the central bank's goal of 2% annual inflation for the 33rd straight month.
Inflation in the currency bloc rebounded somewhat in February from the recent six-year low, moving closer to positive territory.
New Zealand business confidence rose in February to the highest level in seven month, as recent rise in dairy prices brightened mood in the agricultural sector, while low interest rates boost hiring and investment expectations.
Japan's industrial output increased more than expected in January from a month earlier, led by stronger exports to Asia and the US. Industrial production in the world's third biggest economy surged 4.0%, following the 0.8% growth in December and marking the fastest rate of rise since mid-2011, when production soared 6.2%.
British wage growth started to accelerate and this trend will feed through to greater inflationary pressures at some point, meaning the UK central bank will have to consider raising interest rates, Monetary Policy Committee member Kristin Forbes said. Forbes also denied that the UK economy was falling into a period of deflation.
US economic growth rose more than expected in the fourth quarter, according to the preliminary data.
French consumers appeared to be lavish in January, adding to hopes buoyant consumer spending will support recovery of the Euro zone's second biggest economy.
Euro zoneA slew of positive fundamentals came out last week from the Euro zone's number economy, Germany. The German economy managed to move further away from recession territory, receiving a boost from domestic spending and exports. Germany's GDP expanded 0.7%, with private consumption rising 0.8%, contributing 0.5 percentage points to economic growth in Q4, and exports surging 1.3%, adding 0.2
Inflation rate in Canada fell to the lowest level in more than a year in January, as plunging oil prices continue to impact consumer prices.
New private capital expenditure in Australia fell more than analysts predicted in the December quarter, weighed down by reduced spending on buildings and structures, raising likelihood for another rate cut from the Reserve Bank of Australia.
The British economy grew in the fourth quarter of 2014 in line with expectations, according to the second estimate released by the Office for National Statistics.
Welcome to the club! The annual inflation rate in the world's number one economy turned negative in January for the first time since 2009.
German consumer mood brightened amid increasing optimism about the economic growth and low oil prices, which freed up cash for Germans to spend.
New Zealand's trade balance unexpectedly swung to a surplus in January for the first time since June last year, as the impact of falling oil prices outweighing the effect of low dairy export prices.
Business activity in the Australian construction sector improved in the final quarter of 2014, boosted by an increase in home building.
The number of mortgages approved by British banks picked up in January following six-month streak of declines, but remained markedly lower compared with the same period last year.
Sales of new US single-family homes declined less than expected in January, while supply increased to the highest level since 2010.
Greece's Finance Minister Yanis Varoufakis sees the country returning to the financial markets as soon as it succeeds in debt restructuring, investment and sustains primary budget surpluses.
The Bank of Canada Governor Stephen Poloz said the effect of the precipitous plunge of oil prices remains uncertain, but the rate cut last month will buy some time to evaluate its economic impact.