A leading indicator of business conditions in the world's third largest economy soared to a six-year high in May, cementing Abenomics effectiveness, the Cabinet Office said Friday.
Britain is likely to face isolation from the rest of the Europe in case it will leave the European Union, the head of the Confederation of Business Industry has warned.
The U.S. companies increased hiring in June, wages edged higher, while the overall jobless rate held close to a four-year low, as the economy weathered the effect of federal budget cuts and tax hikes, keeping the Federal Reserve on track for tapering the quantitative easing programme in September.
Factory orders in Europe's powerhouse Germany declined for a second consecutive month in May, amid growing uncertainty over the economic recovery in Germany, as the Eurozone is struggling to emerge from its longest-ever recession. Data from the Economy Ministry in Berlin showed that orders, adjusted for seasonal swings and inflationary pressure, tumbled 1.3% from April, when they inched lower 2.2%.
Central banks across the world decided to refrain from more stimulus measures, as the global outlook is improving and the world economy is expected to pick up soon.
The number of building approvals in Australia fell from a month earlier in May, the latest sign that deep rate cuts have yet to spur a sustained recovery in the property market.
The Bank of Japan's aggressive stimulus programme is considered as successful, as the economy is on the track to a steady recovery, with signs of inflation expectations also picking up, the BoJ's Governor Haruhiko Kuroda said during the quarterly report.
During his first monetary policy meeting as a Governor of the Bank of England, Mark Carney signalled that the central bank will keep borrowing costs at a record low for longer than previously was thought, giving more insight into the future policy.
Complaints from smalls companies across the U.S. influenced the President Barack Obama and his administration to delay a requirement that all businesses with staff more than 50 workers to provide health insurance to all employees who are working more than 30 hours per week.
The European Central Bank's President Mario Draghi expects to keep monetary policy on hold for an extended period of time, as he is trying to restrain market borrowing costs and boost growth in the 17-nation economy.
Australian trade and domestic consumption improved in May, pointing at the improvement both locally and globally.
Canada's trade gap extended its longest streak of merchandise trade deficits in 25 years in May, as imports fell at a twice faster pace as exports did, Statistics Canada said Wednesday.
Britain's services growth accelerated at its fastest pace in more than two years last month, fuelling expectations of a strong growth in the second quarter, Markit Economics and the Chartered Institute of Purchasing and Supply said Wednesday.
Several statistical offices in the U.S. showed data on the U.S. trade, labour market and non-manufacturing activity, suggesting the economy is growing, albeit facing certain risks, which can drag on the recovery.
A bunch of mixed economic data from the Eurozone was released on Wednesday, raising concerns that the economy is not on the path of recovery yet, and additional stimulus measures may be needed.
The Reserve Bank of Australia left its monetary policy on hold, saying the depreciation in Aussie may continue as well as rock-bottom borrowing costs are likely to bolster the local economy further.
The Bank of Japan under Kuroda's leadership is likely to upgrade its assessment of the world's third largest economy, citing the overall economic improvement for the first time in more than two years.
The flow of upbeat second quarter activity data from the U.K. continued on Tuesday with the release of fresh report from Markit showing construction activity improved for a second consecutive month in June, cementing expectations that the recovery is gaining momentum.
New orders for goods produced in American factories rose by slightly more than initially expected in May, largely due to a increase in orders for transportation equipment, data released by the Commerce Department showed on Tuesday.
Change in the price of finished goods and services sold by producers in the 17-nation economy was negative once again in May, suggesting there will be scant upward pressure on consumer prices in coming months, the European Union's officials statistics agency said Tuesday.
Switzerland's key manufacturing output index slowed slightly in June, while the general trend remains positive, suggesting the economy is developing albeit slowly.
"For the rest of this year, we will continue to see dollar strength and yen weakness as investors wrap their arms around the positive prospects from Abenomics" -Andrew Wilkinson, chief economic strategist at Miller Tabak and Co. The monetary base in Japan surged to a record high in June, the Bank of Japan said Tuesday, boosted by the central bank's aggressive
Britain's manufacturing sector expanded at the fastest pace in almost two years, while mortgage approvals surged more than expected, adding to evidence the recovery is on track.
Manufacturers in the world's largest economy followed the Eurozone's manufacturers' example and boosted activity in the sector in June, while a separate report showed that construction spending surged in May to the highest level in more than 4 years.