Breaking Economic News
Blatter defends Fifa presidency as challenger concedes
Longtime FIFA leader Joseph "Sepp" Blatter has held onto his Presidency, despite failing to secure the two-thirds of votes required for a first-round victory, after challenger Ali bin Al-Hussein conceded.
US first quarter GDP falls less than expected
The US economy contracted by less than was feared at the start of 2015, although economists overwhelmingly expected growth to recover throughout the rest of 2015.
UK GDP rises 0.3% in first quarter, less than forecast of 0.4%
UK gross domestic product rose 0. 3% quarter-on-quarter in the first quarter, in line with the initial estimate, surprising analysts who expected a 0. 4% increase, the Office for National Statistics revealed on Thursday.
Greece claims debt deal reached with Brussels, 'staff level' accord to be drawn up
Greece has reached an agreement with Brussels over the country's debts, according to a Greek official, but the EU said officials were "not yet" drafting a final accord.
US consumer confidence improves in May
Consumer sentiment in the States unexpectedly improved this month, according to data released on Tuesday by the Conference Board.
US durable goods orders drop in April, as expected
US durable goods orders fell as expected in April, although the previous month's count was revised significantly higher.
Kent coast hit by a 4.3 magnitude earthquake
Seismologists at the British Geological Survey (BGS) confirmed early on Friday morning that a earthquake 4. 3 on the Richter scale took place at 02:52 on the Kent coast.
UK retail sales grow faster than forecast in April due to clothing boost, says ONS
UK retail sales grew faster than hoped in April, rising 1. 2% on the previous month and 4. 7% compared to the April last year, according to the Office for National Statistics.
Greek default can't be ruled out, says German finance minister
German finance minister Wolfgang Schäuble has warned that a Greek default can’t be ruled out.
BoE decision to keep policy unchanged unanimous, meeting minutes reveal
The Bank of England's decision to keep its policy unchanged earlier this month was unanimous, mintues from the central bank's 7-8 May meeting revealed on Wednesday.
Arrests made in Hatton Garden jewellery investigation
Police investigating the audacious robbery from London's Hatton Gardens jewellery district over the Easter weekend have made several arrests on Tuesday.
US housing starts surged in April
US housing starts rocketed by 20. 2% month-on-month in to reach an annualised rate of 1. 135m, according to the US Department of Commerce.
German economic sentiment falls more than expected, ZEW survey shows
German economic confidence declined more than forecast in May, ZEW's survey revealed on Tuesday. The economic sentiment index dropped to 41. 9 in May from 53. 3 a month earlier, compared to analysts’ estimates of 48.
UK falls into deflation in April, first decline in CPI since 1960s says ONS
UK inflation fell 0. 1% in the year to April, the first annual fall in the consumer prices index since the 1960s.
US NAHB housing market index falls to 54 in May from 56 in April
According to the National Association of Home Builders/Wells Fargo figures released on Monday, a gauge of confidence among homebuilders in the US dropped two points to 54 in May, led lower by views on current sales of single-family homes.
Uni Michigan sentiment falls unexpectedly to 88.6 in May
US consumer sentiment fell to of 88. 6 in May, a seven-month low, compared with a final April level of 95. 9, a report from the University of Michigan said on Friday.
US industrial production slips 0.3% in April
Industrial production in the States unexpectedly contracted last month, marking the fifth straight decline in output.
UK construction output falls 0.3% year-on-year in first quarter, climbs in March
UK construction output declined in the first quarter of 2015, as production in the sector fell across the board, the Office for National Statistics said.
US retail sales flat in April, economists surprised
US retail sales volumes were flat month-on-month in April at $436. 8bn, according to the US Department of Commerce.
Bank of England lowers growth forecasts in Inflation Report
The Bank of England lowered its forecast for economic growth in 2015, reflecting a more downbeat view on labour productivity, but on the basis of the implied path for interest rates still saw inflation returning to its target in two years’ time.