Manufacturing activity in the U.K. shrank for the sixth month in a row in October, as the number of new orders fell, while costs rose at a faster pace.
Japanese government claimed its readiness to compromise with the opposition, in order to avoid the recession.
Switzerland's manufacturing activity contracted for the seventh consecutive month in October, but at a slower pace, due to weak domestic demand.
The number of people who applied for U.S. jobless benefits fell more than expected in the week ended October 27, a sign the labor market is making limited progress, the U.S. Department of Labor said Thursday.
Greece economy is expected to shrink by 4.5% in 2013, while the government debt is likely to soar to 189% of nation's gross domestic product.
Business activity in the U.S. Midwest shrank for the second consecutive month in October, a sign the recovery in manufacturing sector is losing steam.
Japanese manufacturing activity contracted at its fastest pace in 18 months in October, due to a decline in exports and weak domestic demand.
The Swiss National Bank recorded a hefty profit in the first three quarters of 2012, boosted by a gain in its vast Forex holdings.
U.K. consumer confidence tumbled to its lowest level in six months, suggesting the economy may find it hard to grow in the last quarter, despite the end of the recession.
Eurozone unemployment rate soared to a fresh high in September, a sign region's debt crisis is deepening.
The Bank of Japan enhanced its asset-purchase programme on Tuesday, as the economic recovery may run out of steam in the nearest future. The stimulus programme was extended by 11 trillion yen to a total of 66 trillion yen, while the credit-loan programme remained unchanged at 25 trillion yen. The central bank has eased its policy for the second consecutive
Switzerland's UBS consumption index rose surprisingly in September, a sign the economy is gaining momentum, according to UBS. Consumption index, which is the most important component of Swiss GDP, jumped to 1.07 points in September, up from a revised 1.02 points in the previous month. Analysts had expected the index to drop to 0.84. The improvement in data may help
Retail sales volume in the U.K. grew more than initially expected in October, a sign nation's economy is recovering from the recession. As reported by the Confederation of British Industry, sales balance jumped to +30 from +6 in September, far above analysts' expectations for +7, and reached the highest level since June. Any reading above 0 indicates higher sales volume,
Home prices in the world's biggest economy gained further traction in August, posting the biggest yearly gain since July 2010, proving the property market is showing signs of a sustained recovery. The S&P/Case-Shiller home price index, which measures change in property values in 20 cities, jumped 2.0% in August from a year earlier, above analysts' expectations of a 1.9% increase
The number of unemployed people in the Europe's biggest economy surged twice as much as economists expected in October, highlighting the vulnerability of Germany's economy to region's debt crisis. The number of Germans out of a job jumped 20,000 in October to a total 2.94 million people, while the unemployment rate remained unchanged at 6.9% level from September. The German
Japan posted its slowest pace of growth in retail sales in September since March 2011, when country was hit by tsunami. According to the Ministry of Economy Trade and Industry retail sales added only 0.4% in September from a year earlier, from 1.7% in the prior month. On the monthly basis, sales tumbled 3.6% from August, a sign the economy
The amount of cash Swiss commercial banks hold with nation's central bank rose slightly in the week to October 26, a sign that investors are getting less anxious over Eurozone's financial woes. Sight deposits of domestic banks jumped to 293.309 billion francs last week, up from 292.163 billion a week earlier. Despite the improvement, the tendency remains negative, proving that
The number of mortgages approved in the U.K. rose more than initially expected in September, helped by the BoE's new credit-easing plan, which increased the availability of home loans. Mortgage approvals increased to 50,024, up from 47,921 a month earlier and above analysts' expectations of an increase to 49,000. At the same time, net lending to individuals in the U.K.
Consumer spending in the world's biggest economy advanced more than expected, boosted by the 0.4% pickup in incomes, a sign the biggest part of the nation's economy is recovering. According to the Commerce Department, U.S. consumers increased their spending by 0.8% last month, after a 0.5% gain in the previous month. Analysts had predicted spending, which accounts for around 70%
Spanish retail sales tumbled at their fastest pace since January 2004, as consumers cut spending hit by a hike in the value added tax. The National Institute of Statistics said on Monday that Spain's retail sales fell 10.9% from a year ago, compared with a 2% decline in August. The 27th consecutive drop in retail sales added to concerns that
Japanese government approved a 423 billion yen ($5.3 billion) economic stimulus package on Friday to shore up economic growth. The size of the stimulus is double the size originally expected, and it is aimed to encourage capital expenditure in order to provide the economy with the boost in the range of 0.1 per cent. However, it is a relatively small
Swiss KOF economic barometer fell less than initially predicted in October, pointing to a slowdown, as the crisis in the eurozone weighs on the country's economy. As reported by the KOF Economic Research Agency, its economic barometer, which predicts the direction of the economy over the following 6 months, inched down to 1.67 points in October, compared to 1.68 in
Moody's Investors Service has assigned A2/Prime-1 debt and deposit ratings of Santander UK Plc. on Friday. While the debt and deposit ratings for the U.K.'s third largest bank remained unchanged, the outlook is negative, reflecting Moody's medium-term view of lower systemic support for large U.K. banks. A day earlier, the bank posted its third quarter earnings, with profit dropping to
The world's biggest economy sped up in the third quarter, paced by a pickup in consumer and government spending, the Commerce Department reported Friday. During the July-to-September period, nation's gross domestic product rose at a 2% annual rate after adding 1.3%in the prior quarter. The stronger-than-expected expansion of the economy may help President Barack Obama's message that the economy is