UK lenders are set to tighten their credit conditions, applicable to both secured and unsecured lending to households in the first quarter of the year, the latest Credit Conditions Survey from the Bank of England showed Thursday. Banks reported a fall in the availability of secured credit to households in the fourth quarter and they expect another fall over the first quarter.Similarly, the availab...
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.