It seems that the phase of so-called "slowest exports recovery" since World War II in Canada is moving to an end, as the nation's trade deficit shrank more than expected in June, supported by a strong rebound in exports, Statistics Canada said Tuesday.
British manufacturing sector continued benefiting from low interest rates and rising prices, posting a bigger-than-expected monthly gain in July, figures from the Office for National Statistics showed Tuesday.
The trade gap of the world's largest economy shrank more than initially expected in June, reaching the lowest level since October 2009, supported by strong exports and a drop in imports.
The volume of factory orders in Europe's powerhouse jumped by the most in eight months, amid growing evidence the 17-nation's bloc is finally recovering from its longest-ever recession.
Sales at Australian retailers showed no change in June, as demand showed signs of slacking off in the country, as worries the economy is heading into a recession phase bruised consumers' mood.
Ahead of Wednesday's monetary policy statement and Thursday's press conference, economists pointed out the Bank of Japan is most likely to keep monetary policy on hold, as its unprecedented quantitative easing and a set of measures, introduced by the government, also known as "Abenomics", are spreading through the economy.
The pace of growth of Britain's service sector accelerated to the fastest since 2006, cementing expectations the economy is gathering momentum.
Services sector in the world's largest economy expanded last month at the fastest pace in five months, another sign the economy will gather momentum after slowing the last three quarter.
Another signs the 17-nation bloc is finally starting to recover from its longest-ever recession came out on Monday, as figures showed that activity in service sector contracted at slowest pace in 18 months, while retail sales fell less than expected.
Switzerland's key manufacturing output surged to a two-year high last month, as production increased sharply and the situation in the labour market improved, suggesting the economy may outpace analysts' projections for the second quarter growth.
Australian authorities said Friday the nation's budget deficit will blow out to A$30.1 billion dollars this fiscal year and revenues are tumbling, as the government unveiled a pre-election budget that includes a controversial plan to implement tax on bank deposits.
A wave of optimism is sweeping Britain's construction sector, which expanded at the fastest rate in more than three years in July, as government measures boosted property demand.
A bunch of mixed economic data was released on Friday, as U.S. employers added fewer workers than expected in July, the jobless rate fell more than estimated, while the recent 1.5% growth in factory orders gives the Fed more room to keep the quantitative easing at high velocity for longer than predicted.
The number of people out of work in Europe's fourth largest economy dropped for the fifth consecutive month in July, decreasing pressure on the government and adding to evidence of a nascent economic recovery.
As always Thursday was a determinate day last week, as policy makers across Europe were holding their policy meeting, as well as important statistical data from the U.S. was unveiled in the same day. However, all other days were full of important releases as well.
Manufacturing activity in Australia continues to suffer, contracting for the 25th consecutive month in July, suggesting record-low borrowing costs and a decline in the currency failed to boost exports and domestic demand, raising concern additional stimulus may be needed to boost growth in the country.
The Bank of Japan's transcripts of previous policy meetings, which were disclosed this week, unveiled that a strong sense of crisis was stressed out the BoJ's chief during the extraordinary meeting in March 2003.
During his second policy meeting as a Governor of Bank of England Mark Carney left borrowing costs unchanged at record low and stayed pat on its bond-buying programme, as Carney trains officials' focus on providing forward guidance on monetary policy, cementing economic recovery.
A bunch of upbeat economic data from the world's largest economy was released on Thursday, indicating that companies across the country are now more optimistic and showing willingness to increase hiring and produce more goods.
On Thursday European policymakers in Frankfurt decided to refrain from any additional stimulus measures after recent economic data signalled that the Eurozone economy may be recovering from its longest-ever recession.
A report showing Canada growth for May suggested the country's long run leading the world's biggest economies in growth is at an end.
A closely watched KOF indicator continued leading streak, increasing for a fourth month in July, while a gauge of consumption in Switzerland moved sideways in June, suggesting the pace of growth in the Swiss economy is stable, albeit slower than expected.
Three of Britain's major economists, who took an optimistic view of the U.K. economic data, now believe the country has turned the corner and the pace of economic growth should pick up quickly from here.
A series of upbeat economic reports was published Wednesday, cementing expectations that the recovery from the worst recession in the post-World War II era is now stronger than previously expected.