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Manufacturing growth softened in three months to October

Growth in manufacturing activity softened in the three months to October, according to the CBI quarterly Industrial Trends Survey. The survey of 399 firms also found that optimism about business conditions fell, for the first time in a year. While…

The ECB should fear the next recession

Considering the limits that govern the ECB’s government bond purchases, the central bank is quickly using most of its easing potential already now. There will be little left for the next recession, or crisis, which is problematic. The scarcity concerns…

China to achieve annual economic growth target: Official

China's economy is expected to attain or surpass the government's annual growth target of around 6.5 percent this year, a chief economic planner said Saturday. "The growth target of around 6.5 percent is expected to be fulfilled successfully, and it's…

Existing Home Sales up by 0.7%

Total existing-home sales which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, rose 0.7 percent to a seasonally adjusted annual rate of 5.39 million in September from 5.35 million in August. Last month's sales pace is 1.5…

Eurozone Current Account surplus at €33.3 billion

The current account of the euro area recorded a surplus of €33.3 billion in August 2017. This reflected surpluses for goods (€28.2 billion), primary income (€10.3 billion) and services (€7.2 billion), which were partly offset by a deficit for secondary…

Public Sector Net Borrowing decreased by £2.5 billion

Public sector net borrowing (excluding public sector banks) decreased by £2.5 billion to £32.5 billion in the current financial year-to-date (April 2017 to September 2017), compared with the same period in 2016; this is the lowest year-to-date net borrowing since…

German PPI rose by 0.3%

In September 2017 the index of producer prices for industrial products rose by 3.1% compared with the corresponding month of the preceding year. In August 2017 the annual rate of change all over had been 2.6%, as reported by the…

Unemployment Claims decreased to 222,000

In the week ending October 14, the advance figure for seasonally adjusted initial claims was 222,000, a decrease of 22,000 from the previous week's revised level. This is the lowest level for initial claims since March 31, 1973 when it…

UK Retail Sales decreased by 0.8%

The underlying pattern in the retail industry is one of growth; for the three-months on three-months measure, the quantity bought increased by 0.6%. In September 2017, the quantity bought in the retail industry decreased by 0.8% when compared with August…

China's GDP grew by 6.9% in Q3

China reported third-quarter growth data Thursday that met expectations, but was a tad lower than the second quarter's 6.9 percent expansion. The country's National Bureau of Statistics said its third-quarter GDP growth was 6.8 percent compared to the same period…

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