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Economy And The Numbers

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British services growth unexpectedly slowed for second straight month in August to its weakest rate in over two years as new business growth eased, survey results from Markit Economics and the Chartered Institute of Procurement & Supply showed Thursday. The Markit/CIPS services purchasing managers'...

Eurozone private sector growth improved more than estimated in August, final data from Markit showed Thursday. The final composite output index rose to 54.3 in August from 53.9 in July. The flash reading for August was 54.1. Output growth accelerated moderately in both the manufacturing and service...

Sweden's service sector activity expanded at a weaker pace in August, figures from the Swedbank showed Thursday. The purchasing managers' index, or PMI, fell by 4.1 index points to 52.4 in August from 56.5 in July, revised from 56.6. Economists had expected the same score of 56.5 in August. Any...

Italy's services sector grew at the fastest pace in nearly five-and-a-half years during August amid creation of more jobs, survey results from Markit Economics showed Thursday. The Markit/ADACI purchasing managers' index for the Italian services sector rose to 54.6 from 52 in July. Economists had...

Germany's private sector growth accelerated more than initially estimated to a 5-month high in August, final data from Markit showed Thursday. The composite output index rose to 55 in August from 53.7 in July. The flash reading for August was 54.0. The index signaled the strongest increase in private...

Hungary's retail sales growth accelerated unexpectedly in July, preliminary figures from the Hungarian Central Statistical Office showed Thursday. Retail sales surged a calendar-adjusted 7.0 percent year-over-year in July, faster than June's 6.2 percent climb. Economists had expected the growth to...

Sweden's central bank retained its benchmark rates on Thursday as the economic outlook and inflation prospects remain largely unchanged since the previous policy meeting in July. The Executive Board of the Riksbank decided to hold the repo rate at -0.35 percent as expected by economists. The bank...

Spain's services sustained its robust growth momentum in August, exceeding economists' expectations, helped by further sharp rises in activity and new business, survey results from Markit Economics showed Thursday. The purchasing managers' index for the Spanish services sector revealed a score of...

IMF-090315.jpg The International Monetary Fund said strong mutual policy action is needed to lift growth, as transition in China and lower commodity prices pose downside risks to global economic outlook. "Risks are tilted to the downside, and a simultaneous realization of some of these risks would imply a much weaker outlook," the lender said in a note prepared ahead of the G-20 finance ministers meeting.

Russia's service sector contracted unexpectedly in August, due to a general lack of growth in new business amid tough economic climate, survey figures from Markit Economics showed Thursday. The seasonally adjusted services Purchasing Managers' Index, or PMI, dropped to 49.1 in August from 51.6 in...

Turkey's inflation accelerated for the first time in three months during August and at a faster rate than economists' expected, figures from Turkstat showed Thursday. The consumer price index rose 7.14 percent year-on-year following 6.81 percent increase in July. Economists had expected inflation...

Ireland's service sector activity continued to expand strongly in August, survey figures from Markit Economics showed Thursday. The Investec services purchasing managers' index fell to 62.1 in August from 63.4 in the previous month. However, any reading above 50 indicates expansion in the sector....

French unemployment rate held steady in the three months ended June, in line with expectations, figures from the statistical office Insee showed Thursday. The jobless rate, measured according to International Labor Organisation, or ILO, standards, came in at 10.3 percent in the second quarter, the...

EEP22-011515_03Sep15.jpg Interest rate decision from the European Central Bank is due on Thursday, headlining a busy day for the European economic news.

India's private sector activity expanded at the fastest pace in five months in August, as services activity rose at quicker pace, survey figures from Nikkei and Markit Economics showed Thursday. The seasonally adjusted Nikkei Composite Output Index climbed to a five month high of 52.6 in August from...

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