The primary gauge of consumer spending rose more than expected last month, as the heatwave pushed demand for food and alcohol, data from the ONS unveiled Thursday.
A bunch of mixed economic reports from the U.S. was released on Thursday, reinforcing a view it is too early to speak about tapering of Fed's stimulus, as risks for recovery are still high.
German Chancellor Angela Merkel kicked off her official elections campaign on Wednesday evening, by explaining differences between herself and rival parties on taxes and minimum wage.
Mood among Australians was lifted in August, as politicians are promising to boost the economy, which is struggling to switch from the mining sector-driven growth, while lower interest rates keep consumers happy.
Producer and imports prices in Switzerland remained unchanged in July from a month earlier, reflecting that manufacturers are more worried about future economic performance of the country, and raising concerns over weak growth during the second quarter.
Britain's labour market has joined other sectors in June and showed signs of improvement, as jobless claims fell, while overall unemployment rate was on hold.
Wholesale prices in the world's largest economy unexpectedly stagnated in July, reflecting the steepest drop in auto costs in four years, report from the Labor Department showed Wednesday.
The Eurozone has finally emerged from its longest-ever recession after contracting for 18 months, however a resolution to region's twin banking and fiscal crises remains a distant prospect.
New Zealand retail sales rose faster-than-expected in the second quarter, led by record gain in bars and restaurants, adding to signs that while interest rates will remain unchanged at a record low level throughout this year, they are likely to start rising in 2014.
Recent data and announcements from the world's third largest economy are adding more pressure on the policy makers, as the economy expanded less than expected, while core machinery orders slide in June, as companies are less willing to invest in Japanese business.
Consumer price pressure in Britain eased to a 14-month low last month, led by airfares and summer discounts on clothes, figures from the Office for National Statistics showed Tuesday.
Retail sales in the world's largest economy posted their biggest gain in seven months in July, another signs of quicker economic growth, that could strengthen the case of a tapering of quantitative easing in September.
Confidence among German investors increased more than initially was expected in August, reaching a five-month high, as Europe's powerhouse helped pull the whole region out of its longest-ever recession.
Sales at Swiss retailers, which are considered as a primary gauge of household spending and accounts for the majority of overall economic activity, improved more than expected in June and prolonged the streak of gains, suggesting the overall economic situation in the second quarter, may be not as bad as the SNB predicts.
The world's third largest economy decelerated more than it was initially expected in the second quarter, due to a drop in business investment, undermining gains in both consumer and government spending that helped to reduce deflationary pressures.
A new survey conducted by Chartered Institute of Personnel and Development, which is Britain's leading professional body for people development and HR, showed that the labour market in the country is likely to record its largest growth since the 2008 recession, although cuts in the public sector can weigh on the further job creation.
In case Ben Bernanke will be replaced by someone else as the next Federal Reserve Chairman, this person will have a powerful impact on the world's largest economy's development and the well-being of each person in the U.S.
The 17-nation bloc's economy probably edged back to growth in the last quarter, ending the longest recession since the creation of the single currency 14 years ago.
The latest Reserve Bank of Australia monetary statements does not provide any new clues of the outlook for interest rates. It remained unclear whether there is still a scope to cut the cash rate further if necessary.
Japan's seasonally adjusted tertiary industry activity index declined 0.3% in June from a month earlier.
The U.K. trade deficit shrank more-than-expected in June as export rose to a record in the second quarter adding to evidence the nation's economy is moving onto a more sustainable footing.
U.S. wholesale inventories fell more-than-expected for a second consecutive month in June, urging economists to cut their second-quarter economic growth estimates, as inventories are a key components of GDP change.
French industrial production unexpectedly contracted in June after a modest recovery in May, increasing concerns about the nation's ability to emerge from recession.
Last week was marked by a massive flow of important economic releases from the Eurozone, Australia, New Zealand, Japan and the U.S.