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News

UK house prices growth stable at 2.5%

The annual rate of house price growth remained stable in November at 2.5%. Nevertheless, annual growth remains within the 2-4% range that has prevailed since March. Low mortgage rates and healthy rates of employment growth are providing support for demand,…

Australian Building Approvals rose by 0.9%

The trend estimate for total dwellings approved rose 0.7% in October and has risen for nine months. The seasonally adjusted estimate for total dwellings approved rose 0.9% in October. The trend estimate for private sector houses approved rose 0.6% in…

Fed Chair Janet Yellen calls on Congress to adopt policies to stimulate economic growth

Federal Reserve Chair Janet Yellen called on Congress to adopt policies that will get U.S. economic growth out of its "disappointingly slow" post-recession pattern. In what is likely her final address Wednesday on Capitol Hill as head of the central…

U.S. GDP grew by 3.3%

Real gross domestic product (GDP) increased at an annual rate of 3.3 percent in the third quarter of 2017, according to the "second" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 3.1 percent.…

German CPI expected to increase by 0.3%

The inflation rate in Germany as measured by the consumer price index is expected to be 1.8% in November 2017. Based on the results available so far, the Federal Statistical Office (Destatis) also reports that the consumer prices are expected…

Net Lending to Individuals beats market forecasts

Broad money increased by £3.6 billion in October. Within this, the flow of household M4 was the largest contributor at £3.1 billion. The net flow of sterling credit fell to £2.6 billion in October. Lending to households and private non-financial…

CB Consumer Confidence increased to 129.5

The Conference Board Consumer Confidence Index, which had improved in October, increased further in November. The Index now stands at 129.5 (1985=100), up from 126.2 in October. The Present Situation Index increased from 152.0 to 153.9, while the Expectations Index…

German Consumer Climate unchanged at 10.7

Consumer mood is at a very good level with no indication of any significant changes. Economic expectations are rising slightly, whereas income expectations and propensity to buy have fallen slightly. GfK forecasts that the consumer climate in December will remain…

M3 Money Supply declined to 5.0%

The annual growth rate of the broad monetary aggregate M3 decreased to 5.0% in October 2017, from 5.2% in September, averaging 5.1% in the three months up to October. The components of M3 showed the following developments. The annual growth…

UK banks strong enough to cope with 'disorderly' Brexit, Bank of England says

The UK's seven biggest lenders are all strong enough to cope with a "disorderly" no-deal Brexit, according to a Bank of England assessment. But the Bank said it would consider whether the firms needed to hold billions more capital as…

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