Business activity in the British factories rose more than expected in January amid a recovery in export orders and lower production costs as raw material prices dropped at the quickest rate since May 2009.
Activity growth in the US manufacturing sector rose less than expected in January, being undermined by a strong US Dollar and weaker investment from the energy sector.
Manufacturing activity in the Euro zone rose moderately in January, but remained close to stagnation amid mixed factory data from the bloc's leading economies, including Germany and France.
The official gauge of China's manufacturing activity dropped into the contraction territory for the first time since September 2012, according to the China Federation of Logistics and Purchasing.
The Canadian economy unexpectedly shrank in November amid weaker manufacturing, mining, oil and gas extraction, recording the first contraction in almost a year.
British consumer confidence rose more than expected in January to reach the highest level in five months, providing a support to Prime Minister David Cameron ahead of the general election in May.
The world's number once economy slowed its growth pace in the final quarter of the year, even despite the solid hiring and falling gasoline prices.
The Euro zone economy has been mired in deflation for a second straight month in January, as consumer prices fell 0.6% on an annual basis, following the 0.2% drop in December.
While the UK economy recorded the fastest annual growth rate since the financial crisis of 2007, the economic recovery lost some steam in the final quarter of 2014.
New Zealand house-building approvals numbers skyrocketed 16% last year as 24,680 consents for new dwellings were granted.
Retail sales in Japan unexpectedly dropped in December, sapping hopes that the world's third biggest economy has weathered the worst of the post-tax hike recession.
According to the Nationwide, annual house price growth in the UK slumped between December and January.
The number of Americans seeking unemployment benefits plunged to the lowest level in 15 years in the week ended January 23, a day after the Fed painted an optimistic outlook for the world's number one economy.
Deflation contagion spreads gradually around Europe, as consumer prices growth in Germany turned negative in January for the first time in more than five years.
The Reserve Bank of New Zealand kept the official cash rate unchanged and held a more neutral setting on interest, saying that it is ready to cut rates as falling oil prices damp inflation worldwide.
Australia's inflation climbed at a slower pace than expected in the final quarter of the year, dragging the annual headline rate below 2%.
Andrew Haldane, chief economist at the Bank of England, pointed that the benchmark interest rate will rise gradually over the course of the next couple of years in order to ensure a sustainable economic growth.
While the Fed pointed out that the US economy was growing at a sustainable pace with solid job gains and lower unemployment rate, the central bank said that it would maintain short-term interest rates at record low at least until mid-year.
German consumer climate reached a new high of 9.3 points, a level unseen for 13 years.
Australian business conditions deteriorated in December, while sentiment remained weak, increasing pressure on the Reserve Bank of Australia to cut interest rates in the coming months.
While the UK economy recorded the fastest annual growth rate since the financial crisis of 2007, the economic recovery lost some steam in the final quarter of 2014.
Demand for big-ticked manufactured goods unexpectedly plunged in December, a sign US businesses are cautious to spend even in light of the strong economic recovery.
While Greece's Syriza party seeks to keep its election promise to replace the bailout plan, which expires on February 28, with a new agreement that eases austerity and relieves Greece's debt burden, European officials signal that debt reduction would be against the Euro zone rules and would set a precedent for other recession-hit countries.
Japan's trade balance deficit reached a record high of $109 billion over 2014, marking the fourth consecutive annual shortfall, amid increased import prices and huge post-Fukushima energy costs.