Economic News
US services activity expands at fastest pace since Covid reopening, S&P says
Services sector activity in the States picked up to its quickest pace since the economy reopened after Covid, the results of a closely followed survey showed.
Manufacturing recession sees German economy contract further
Germany’s economy continued to contract in December, marking the sixth consecutive month of declining business activity, according to the latest HCOB flash purchasing managers’ index (PMI).
UK private sector employment sees fastest decline in nearly four years
The UK experienced the fastest decline in private sector employment for nearly four years in December, despite a marginal increase in output, according to a survey released on Monday.
China November data shows mixed results as retail sales fall
China economic data for November was mixed, with industrial production expanding but retail sales growth missing expectations.
UK house prices fall again in December - Rightmove
New seller asking prices fell again in December as the market slowed down in the run-up to Christmas, but activity remained strong compared to last year, according to data released by Rightmove on Monday.