Economic News

UK car production returned to growth in October underpinned by both domestic and foreign demand, data published by the Society of Motor Manufacturers and Traders showed Friday. Car production grew 7.4 percent on a yearly basis in October, reversing a 6.0 percent decrease in September. Demand... Read more...

Germany's economy expanded more than initially estimated in the third quarter, despite weaker global growth, delivery bottlenecks and rising inflation, official data showed on Friday. Gross domestic product grew 0.4 percent sequentially in the third quarter, faster than the 0.1 percent rise in the second quarter. The rate was revised up from 0.3 percent estimated on October 28. Read more...

Core consumer price inflation in Japan's capital hit the highest in 40 years in November on higher energy cost and weaker yen, data released by the Ministry of Internal Affairs and Communications showed on Friday. Tokyo's core consumer price inflation that excludes fresh food rose to 3.6 percent in... Read more...

The Federal Reserve released the minutes of its early November monetary policy meeting on Wednesday, providing further evidence the central bank is considering slowing the pace of its interest rate hikes. The minutes said a "substantial majority" of meeting participants judged that a slowing in the pace of rate hikes would likely "soon be appropriate." Read more...

Consumer sentiment in the U.S. deteriorated less than initially estimated in the month of November, according to revised data released by the University of Michigan on Wednesday. Read more...

After reporting a sharp pullback in U.S. new home sales in the previous month, the Commerce Department released a report on Wednesday showing new home sales unexpectedly rebounded in the month of October. Read more...