The U.K. economy grew more than estimated in the second quarter and the current account deficit widened from the first quarter, the Office for National Statistics said Tuesday. Gross domestic product grew 0.9 percent sequentially, up from the prior estimate of 0.8 percent. The annual growth was confirmed at 3.2 percent.
Eurozone inflation slowed in September, as expected, to the lowest since late 2009 and the unemployment rate remained stable at a double digit level in August putting pressure on the European Central Bank to launch a full-blown easing. Inflation came in at 0.3 percent, slower than August's 0.4 percent. This was the lowest since October 2009, when prices fell 0.1 percent.
The Reserve Bank of India kept its key rates unchanged once again as expected, citing upside risks to medium-term inflation target. The decision announced Tuesday meant that the repo rate was left unchanged at 8.00 percent for the fourth straight policy meeting. The repo rate is the rate at which the central bank lends to commercial banks.
U.K. house prices unexpectedly declined in September after rising for sixteen straight months amid signs that demand may be starting to ease, the results of a survey by the Nationwide Building Society showed Tuesday.
The house price index dropped 0.2 percent from August, when it climbed 0.8 percent....
China's manufacturing sector continued to expand in September, if barely, the latest survey from HSBC revealed on Tuesday with a PMI reading of 50.2.
That was unchanged from the August reading, although it was down from the flash estimate of 50.5 earlier this month.
A reading above 50 means expansion...
Industrial production in Japan was down 1.5 percent on month in August, the Ministry of Economy, Trade and Industry said on Tuesday.
That was well shy of forecasts for an increase of 0.2 percent following the 0.4 percent gain in July.
On a yearly basis, industrial production fell 2.9 percent -...
Industrial output in South Korea tumbled 3.8 percent on month in August, Statistics Korea said on Tuesday.
That was well shy of forecasts for an increase of 0.4 percent following the upwardly revised 1.5 percent gain in July (originally 1.1 percent).
On a yearly basis, industrial production fell...
The total number of building permits issued in New Zealand was roughly unchanged in August, Statistics New Zealand said on Tuesday - coming in at 2,022.
That was in line with expectations following the 0.1 percent increase in July.
"The trend for new dwellings has more than doubled since the series...
The dollar was mixed Monday, staying near its highest in six years versus a basket of major rivals despite dovish talk from a top official at the Federal Reserve.
"I think there will be quite some time before it becomes appropriate to raise rates," Charles Evans, the president of the Chicago Fed...
Pending home sales in the U.S. pulled back by much more than expected in the month of August, according to a report released by the National Association of Realtors on Monday.
Personal spending in the U.S. rose by slightly more than expected in the month of August, according to a report released by the Commerce Department on Monday. The report said personal spending increased by 0.5 percent in August, while revised data showed that spending was unchanged in July.
Eurozone economic confidence weakened to a 10-month low in September as consumers and retailers turned more cautious suggesting that the region hardly recovered from a flat performance in the second quarter. The economic sentiment index dropped to 99.9, in line with forecast, from 100.6 in August, survey results from the European Commission showed Monday.
The dollar continued its assault on the euro Friday, surging to its highest since November 2012 amid expectations that monetary policy in the U.S. and Europe will diverge.
Today's economic data from the U.S. raised expectations the Federal Reserve will raise interest rates ahead of schedule next Spring.
Thomson Reuters and the University of Michigan released a report on Friday confirming the notable improvement in U.S. consumer sentiment in September that was initially reported earlier this month.
Economic activity in the U.S. grew faster than previously estimated in the second quarter of 2014, according to a report released by the Commerce Department on Friday, with the upwardly revised growth matching economist estimates.