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A surge in UK wage growth to a six-year high brings welcome news that the economic recovery is feeling through to pay packets, but also ups the odds of interest rates rising this year. Regular pay was...
Inflation rebounded in May, bringing an end to the country’s brief foray into deflation. Having dipped into negative territory in April for the first time since 1960, consumer price inflation...
Weak industrial production data are a reminder of the fragility of the euro area economy, but should not be a cause for excess pessimism. In fact, the data include some promising signs of life for the...
The economic upturn over the past year has been stronger than previously though after substantial data revisions show that the UK construction sector has not acted as such a drag on the economy. The...
Strong retail sales data add to signs that the US economy has pulled out of the soft-patch seen at the start of the year. Sales surged 1.2% in May, and a flat April was revised higher to show 0.2%...
Official data brought more mixed news on the health of the Chinese economy, with signs of steadying retail sales and factory output offset by news that fixed asset investment is growing at its slowest...
A slump in factory output in April represents a very disappointing start to the second quarter, and casts doubt on widespread expectations that the economy is picking up speed after the sluggish start...
A narrowing of the UK’s trade deficit with the rest of the world in April is welcome news, but needs to be treated with caution, as the underlying trend appears to be one of worsening exports as...
An impressive, consensus-smashing, rate of US hiring puts a September rate hike firmly on the table. Job creation is surging as the economy shows signs of rebounding strongly from the weak spell seen...
Global economic growth edged lower for a second successive month in May according to worldwide PMI survey data, hitting the lowest since January. The rate of expansion nevertheless remained reasonably...
The ECB kept its foot firmly on the stimulus pedal at its June policy meeting, dismissing suggestions that a revival in economic growth, signs of resurgent inflation and bond market volatility may...
A marked slowing in the rate of growth signalled by the UK PMI surveys raises doubts about the ability of the economy to rebound from the weakness seen at the start of the year, killing off the...
UK building activity rebounded in May after showing the smallest rise for almost two years in April, and looks set to strengthen further in coming months. The Markit/CIPS Construction PMI rose from...
Global manufacturing eked out only very modest growth again in May. The JPMorgan (NYSE:JPM) PMI, compiled by Markit, rose from April’s 21-month low of 51.0 to 51.2, but that was still the...
UK manufacturers remained in the slow lane in May, receiving important support from rising consumer spending as the strong pound continued to hit overseas trade.The Markit/CIPS Manufacturing PMI rose...
UK economic growth slowed sharply in the first quarter of the year, denting widespread hopes that the pace of expansion would get revised higher. The data also highlight how the economy is being...
A surge in retail sales in April suggests the consumer mood remains upbeat, contradicting worries about the UK falling into any kind of deflationary slump. With plenty of sunshine and falling prices,...