International Economic
US composite PMI shows robust expansion for November
The US economy showed signs of robust expansion in November, with S&P Global's composite purchasing managers’ index (PMI) reaching a 31-month high of 55. 3, up from October's 54. 1.
CMA says Apple's browser policies hinder innovation
The Competition and Markets Authority (CMA) announced on Friday that it has provisionally found that Apple’s policies on mobile browsers hinder innovation, impacting UK businesses and millions of users.
Eurozone business activity contracts as composite PMI hits 10-month low
Business activity in the eurozone unexpectedly declined in November, according to a flash reading from the Hamburg Commercial Bank purchasing managers' index (PMI) released on Friday morning, which dropped to its lowest level in 10 months.
German GDP expands just 0.1% in third quarter
Germany's economy escaped a technical recession in the third quarter of 2024, but growth still came in below forecasts, according to official figures out on Friday from Destatis.
Philly Fed manufacturing index unexpectedly turns negative
Manufacturing activity in the Philadelphia region unexpectedly contracted this month, though firms still remain upbeat about growth, according to a survey released on Thursday.
US existing home sales grow 3.5pc in October
Existing home sales increased by 3. 5% in October, according to the National Association of Realtors, up from September's 14-month low.
US jobless claims unexpectedly fall to 213,000
Americans lined up for unemployment benefits at a decelerated pace in the week ended 16 November, according to the Department of Labor.
Eurozone construction output edges lower
Construction output in the eurozone slipped slightly in September after stagnating the previous month, according to figures released on Wednesday by Eurostat.
China keeps rates unchanged
China left benchmark lending rates unchanged on Wednesday with no repeat of the surprisingly large cuts brought in last month to boost the faltering economy.
German producer prices fall 1.1% in October
German producer prices fell 1. 1% in October as energy costs declined, according to official data published on Wednesday.
US housing starts fall by 3.1pc in October
US housing starts fell by 3. 1% in October, according to the Census Bureau, missing expectations for a reading of 1. 33m.
Eurozone inflation jumps back to 2%
Inflation in the eurozone rebounded sharply as expected in October, rising from a three-year low and back in line with the European Central Bank's target.
NAHB housing market index rises to 46 in November
The National Association of Home Builders/Wells Fargo housing market index rose to 46 in November, up from 43 in October.
Eurozone trade surplus unexpectedly jumps
The eurozone trade surplus more than trebled in September, according to figures from Eurostat on Monday.
US retail sales increase 0.4pc in October
US retail sales increased 0. 4% month-on-month in October, according to the Census Bureau, following an upwardly revised 0. 8% gain in September and beating consensus estimates of a 0. 3% rise.
EU cuts eurozone GDP forecasts, says downside risks have increased
The European Commission has reduced its economic growth forecast for the eurozone next year, and warned that projections could be reduced further in the event of increased protectionist measures – such as those proposed by Donald Trump.
Chinese retail sales beat forecasts
Retail sales jumped in China last month, official data showed on Friday, in contrast to the ongoing gloom surrounding the under-pressure property sector.
EU fines Meta EUR 798m over Facebook Marketplace competition concerns
The European Union has imposed a €797. 72m fine on Facebook’s parent company Meta Platforms, it emerged on Thursday, after a detailed investigation into its Marketplace online classifieds business.
US initial jobless claims fall to 217,000
Americans lined up for unemployment benefits at a decelerated pace in the week ended 9 November, according to the Labor Department.
US producer prices rise 0.2pc in October
US producer prices increased in October, according to the Bureau of Labor Statistics.