News And Announcements
Chinese manufacturing sector contracts again in July
The Chinese manufacturing sector contracted in July for the fourth month in a row, according to data released on Monday by the National Bureau of Statistics.
German economy stagnates in second quarter
The German economy stagnated in the three months to June, according to figures released by Destatis on Friday.
Bank of Japan makes shock change to bond yield policy
The Bank of Japan on Friday maintained negative interest rates but said it would now allow “greater flexibility” in its target range for 10-year government bond yields.
Europe to probe Microsoft's bundling of Teams with Office 365
The European Commission opened a formal investigation into Microsoft on Thursday, to assess whether the tech giant had violated EU competition rules.
UK retail sales fall at fastest pace since April 2022 - CBI
Retail sales fell in the year to July at the fastest pace since April 2022, with the downturn only expected to get worse, according to the latest Distributive Trades survey from the Confederation of British Industry.
German consumer sentiment set to stabilise - GfK
German consumer sentiment is expected to stabilise in August amid hopes of a decline in inflation, according to a survey released on Thursday by market research group GfK.
CMA to consult on changes offered by Amazon Marketplace
In response to concerns raised by the Competition and Markets Authority (CMA) over potential anti-competitive practices, Amazon has offered to implement changes to the way it treats third-party sellers using its Marketplace platform in the UK, it emerged on Wednesday.
UK manufacturers more positive, but investment intentions weaken, CBI says
Britain's manufacturers grew more positive over the latest quarter, but investment intentions weakened as more companies complained of higher finance costs, a business lobby group said.
UK consumer confidence hits highest level in 18 months - PwC
UK consumer confidence has hit its highest level in 18 months, a survey released by PwC on Tuesday showed.
German business sentiment deteriorates further
German business sentiment deteriorated further in July, according to a survey released on Tuesday by the Ifo Institute.
UK economic growth nearly stalls in July, PMIs show
Activity levels in the UK's manufacturing and services sectors slowed sharply in July, closely followed survey results showed.
In-store retail sales jump - BDO
UK retail sales pushed higher last week, industry data showed on Friday, despite the weather turning less summery.
UK public sector borrowing unexpectedly falls
Public sector borrowing unexpectedly fell in June, official data showed on Friday, although it remains at record levels.
Retail sales spark in June - ONS
UK retail sales pushed higher last month, official data showed on Friday, beating expectations.
UK consumer confidence slumps - GfK
Consumer confidence slumped in July, a closely-watched survey showed on Friday, as higher interest rates and prices hit home.
Supermarkets told to make pricing clearer
The UK competition watchdog has told supermarkets to make their pricing clearer, to help struggling customers better find the best deals.
PBoC stands pat on interest rates, as expected
The People's Bank of China maintained its benchmark lending rates on Thursday, consistent with expectations and its recent decision to hold policy rates earlier in the month.
UK house price growth eases in May - ONS
Growth in UK house prices slowed in May, according to data released on Wednesday.
UK consumer price inflation eases more than expected
UK consumer price inflation fell more than expected in June, according to figures released on Wednesday by the Office for National Statistics, easing pressure on the Bank of England to keep hiking rates.
UK grocery price inflation eases again
UK grocery price inflation eased again in the four weeks to 9 July, at the steepest rate since the March peak.