News And Announcements
US initial jobless claims fall to lowest level in three months
The number of Americans filing for unemployment benefits fell last week to its lowest level in three weeks, according to data released on Thursday by the Labor Department.
US private sector nears stagnation in August PMIs
America’s private sector showed signs of near stagnation in August, according to fresh survey data released on Wednesday, with business activity growth showing a slowdown.
CMA revises provisional findings in Hitachi's rail signalling takeover
The Competition and Markets Authority (CMA) issued a revised assessment over Hitachi’s planned €1. 7bn rail signalling acquisition on Wednesday, of the Ground Transportation (GTS) segment of Thales.
UK private sector output falls at fastest pace in two-and-a-half years
Output in the UK private sector fell in August at the fastest pace since January 2021, according to a survey released on Wednesday.
UK July govt borrowing lower-than-forecast at £4.3bn
UK government borrowing came in at £4. 3bn in July and lower-than-expected for the first four months of the year, according to official data released on Tuesday.
UK manufacturing registers sharp decline in August
UK manufacturers have experienced the worst rate of decline in output in nearly three years, according to the CBI's latest Industrial Trends Survey, with volumes falling in 15 out of 17 sub-sectors.
PBoC announces smaller-than-expected rate cut
The People’s Bank of China announced a smaller-than-expected rate cut on Monday.
Wet July weather sees retail sales fall by worse-than-expected 1.2%
UK retail sales fell 1. 2% last month compared with June, as wet weather literally turned a key summer shopping month into a damp squib for businesses.
Eurozone CPI falls again in July
Eurozone inflation slowed again in July, data from the European Union showed on Friday, raising hopes that the European Central Bank may slow its cycle of rate hikes.
Japan core inflation rate falls in July
Japan's core inflation rate fell to 3. 1% in July from 3. 3% in the previous month, in line with expectations.
UK CPI falls to 6.8% in July
UK consumer price inflation slowed again to 6. 8% in July, driven by falling food and energy prices, according to official data published on Wednesday.
UK food price inflation falls for fifth month in a row - Kantar
UK food price inflation fell for the fifth month in a row in the four weeks to August 6 providing some hope that the eye-watering cost of a grocery shop will start to ease for consumers, according to data published by market research group Kantar.
BoE under pressure as UK wages growth hits record high, unemployment up
UK wages growth in the three months to June leapt to its highest rate since records began while the unemployment rate also rose unexpectedly, according to official data released on Tuesday, putting more pressure on the beleaguered Bank of England to lift interest rates again in its fight to quell inflation.
Japan Q2 GDP growth beats expectations
Japan’s economy expanded for the third quarter in a row driven by growth in exports on the back of a weak yen, according to provisional data published on Tuesday.
UK GDP grows more than predicted in Q2
UK gross domestic product increased by more than expected in the second quarter of 2023, according to figures released Friday morning.
Wet weather, inflation hit July UK retail sales - BRC
Heavy rain and high inflation hit UK retail sales in July, forcing firms to cut prices, a survey showed on Tuesday.
China trade slumps more than expected in July
China’s imports and exports slumped further than expected last month, official data showed on Tuesday, reflecting a stagnating recovery in the world's second-largest economy and increasing pressure on Beijing to provide more stimulus.
UK house market holds up despite July price fall - Halifax
UK house prices fell again in July but the market showed some signs of holding up thanks to first-time buyers and despite soaring mortgage costs.
BoE raises rates by 25bp, points out risks from wage growth
The Bank of England raised official short-term interest rates by 25 basis points and noted that some of the risks from more persistent inflationary pressures may have begun to crystallise.
UK services sector activity slows in July, S&P Global says
Activity in the UK services sector slowed down last month as expected amid "persistent" increases in input costs, the results of a closely followed survey revealed.