News And Announcements
UK private sector activity drops in August for first time since early 2021
Activity levels in the UK's private sector fell over the preceding three months, marking the first decline since March 2021, a leading business lobby group said.
Chicago PMI nudges higher in August
Economic activity in the Chicago area ticked up a touch in August, according to data released on Wednesday.
German unemployment ticks higher in August
German unemployment ticked higher in August as expected, as Ukrainian refugees joined the country’s workforce, according to figures released on Wednesday by Destatis.
UK shop price inflation hits a new high in August
UK shop price inflation hit a new high in August as the war in Ukraine pushed up the cost of food, according to figures released on Wednesday by the British Retail Consortium and NielsenIQ.
US consumer confidence improves in August - Conference Board
US consumer confidence improved more than expected in August, according to data released on Tuesday.
US house price growth eases in June - S&P/Case-Shiller
US house price growth eased in June, according to the latest S&P/Case-Shiller national home price index.
German inflation hits highest level in nearly 50 years
German inflation hit its highest level in nearly 50 years in August, according to data released on Tuesday by Destatis.
Roper Technologies to buy Frontline Education in $3.73bn deal
Roper Technologies has agreed to buy Frontline Education from software investment firm Thoma Bravo in a $3. 73bn all-cash deal.
Eurozone confidence drops in August amid rising inflation
Economic confidence in the eurozone fell in August, hitting a 19-month low amid surging inflation, according to data released on Tuesday by the European Commission.
Households continue to draw on savings in July, but recession still on its way
Consumers in the UK continued to save less and borrow more last month in a bid to maintain their lifestyles, but absent "massive" government support, that might not be the case for much longer.
UK economy to enter recession in Q4, says Goldman Sachs
The UK economy will slip into recession at the end of this year amid surging inflation, according to Goldman Sachs.
Retail sales growth slows to lowest level this year
Retail sales growth slowed to their lowest rate this year last week, according to fresh data on Friday, although it was still ahead on a year-on-year basis.
German consumer sentiment hits new low amid energy bill woes
German consumer sentiment is expected to fall to a record low again in September amid worries about rising energy bills, according to a survey released on Friday.
More misery for UK homes as energy price cap soars 80% to £3,549 a year
More misery was placed on hard-pressed British households on Friday when the energy regulator raised the maximum that suppliers can charge to £3,549 a year.
Retail sales unexpectedly pick up in August - CBI
UK retail sales unexpectedly rose in the year to August but retailers remained pessimistic, according to the latest Distributive Trades Survey from the Confederation of British Industry.
UK car, commercial vehicle production on the up in July
UK car manufacturing output rose 8. 6% in July, making for the third consecutive month of growth, while commercial vehicle production was ahead 43. 9% in that sector’s best July since 2016, according to a fresh batch of industry data on Thursday.
Germany's business climate beats forecasts, still at 2-year low
An indicator of Germany’s business climate came in better than expected for August on Thursday, but was still down month-on-month.
German Q2 GDP edges higher, beats expectations
The German economy grew a touch in the second quarter of the year, beating expectations of no growth, according to final figures released on Thursday by Destatis.
Energy firm proposes £2,000 bill cap through state-backed borrowing
An industry-proposed plan to protect UK households from eye-watering energy bills will need more than £100bn in funding over two years, paid off by taxes or energy customers in the long-term.
UK factory growth falls for first time since February, CBI says
UK factory output shrank for the first time in over a year over the three months to August, alongside a larger-than-expected decline in total order books, the results of a closely-followed survey revealed.