Consumer credit in the U.S. increased by more than expected in the month of October, according to a report released by the Federal Reserve on Friday.
The report said consumer credit rose by $18.2 billion in October following a $16.3 billion increase in September. Economists had expected credit to increase by about $15.0 billion.
Consumer sentiment in the U.S. has improved by much more than anticipated in the month of December, according to a report released by Thomson Reuters and the University of Michigan on Friday. The report said the preliminary reading on the consumer sentiment index for December jumped to 82.5 from the final November reading of 75.1. Economists had been expecting the index to edge up to 75.5.
The Federal Reserve should "gracefully exit" the central bank's quantitative easing bond purchases in light of this month's positive U.S. jobs report, Philadelphia Fed President Charles Plosser told CNBC on Friday.
Plosser, who has been a vocal skeptic about the Fed's $85 billion per month asset buying...
While the Commerce Department released a report on Friday showing an unexpected drop in U.S. personal income in the month of October, the report also showed continued growth in personal spending. The report said personal income edged down by 0.1 percent in October after rising by 0.5 percent in each of the two previous months.
In another upbeat sign for the U.S. labor market, the Labor Department released a report on Friday showing that stronger than expected job growth in the month of November pushed the unemployment rate down to a five-year low. The report showed that non-farm payroll employment rose by 203,000 jobs in November following a revised increase of 200,000 jobs in October.
Personal income in the U.S. unexpectedly showed a modest decrease in the month of October, according to a report released by the Commerce Department on Friday.
In another upbeat sign for the U.S. labor market, the Labor Department released a report on Friday showing stronger than expected job growth in the month of November.
Malta's merchandise trade shortfall increased significantly in October, provisional data released by the National Statistics Office revealed Friday.
The trade deficit widened to EUR183.8 million in October from EUR67.1 million in the same month of last year.
The value of exports decreased to EUR215.3...
Driven by broad-based weakness in domestic and foreign demand, German factory orders fell at the fastest pace in a year in October, official data showed Friday. Factory orders were down 2.2 percent in October from September, the most since November 2012, according to figures released by the Federal Ministry of Economics and Technology.
Brazil's consumer price inflation weakened more than expected in November, latest data showed Friday.
The consumer price index increased 5.77 percent on an annual basis in November, after growing 5.84 percent in October, statistical office IBGE said. Economists had forecast a 5.81 percent gain.
U.K. house prices increased for the tenth consecutive month in November as strong demand outpaced the supply of properties coming for sale, Lloyds Banking Group's housing division Halifax said Friday.
Production in the Irish manufacturing sector decreased in October from last year, data released by the Central Statistical Office revealed Friday.
Factory production dropped 7.6 percent year-on-year in October, reversing the 11.5 percent growth seen a month earlier.
Manufacturing production dropped...
Germany's factory orders fell more than expected in October driven by broad-based declines in domestic and foreign orders, official data showed Friday.
Factory orders were down 2.2 percent from September, bigger than the expected fall of 1 percent and reversed the 3.1 percent increase seen in September.
There is no need for further fiscal centralization in the euro area beyond the banking union, European Central Bank Executive Board member Benoit Coeure said Friday.
"The euro area also needs solidarity mechanisms for extreme events that are out of reach of national policies- that is the role of the...
Iceland's economy expanded strongly in the third quarter, recovering from the second quarter's contraction, data released by Statistics Iceland revealed Friday.
Gross domestic product (GDP) advanced 6.1 percent quarter-on-quarter in the third quarter, after shrinking 6.6 percent in the second quarter.