Economic News
US consumer confidence edges up in December, inflation expectations mixed
Consumer confidence in the US rose modestly, although inflation expectations were mixed, the results of a closely followed survey revealed.
No cheer for retailers ahead of Christmas, says CBI
UK retailers were struggling to find any cheer in the run up to Christmas as sales fell amid worries over rising costs next year, according to the Confederation of British Industry.
Americans spend at steady clip in November, PCE prices miss forecasts
Americans continued to spend at a steady clip last month, while prices rose by a tad less than anticipated.
UK car production plummets 30.1pc in November
UK car manufacturing fell 30. 1% last month to the worst November performance since 1980, according to the Society of Motor Manufacturers and Traders.
German PPI unexpectedly turns positive
The annual change in wholesale prices in Germany unexpectedly turned positive in November for the first time in 17 months, according to data from Destatis on Friday.
China leaves benchmark rates unchanged
China left benchmark lending rates unchanged at Friday’s monthly fixing, in line with expectations.
UK retail sales rise less than expected in November
UK retail sales missed expectations in November, but borrowing figures came in better than expected, according to data released on Friday by the Office for National Statistics.