Economic News
Philly Fed index slips in April, even as new orders jump back
Factory activity in the US mid-Atlantic region slowed in April, according to the results of one of the most closely-followed surveys covering the sector.
'Robust' increase in March US retail sales
The American consumer recovered the spring in his step last month, with retail sales rising at their fastest clip since September 2017 as they splashed out on cars and at gasoline stations in particular.
'Shake up' but don't break up Big Four auditors, says CMA
The 'big four' auditing firms should be shaken up but not necessarily broken up to improve competition, with new regulatory powers introduced to improve accountability, UK competition authorities have recommended.
US initial jobless claims drop to near 50-year low
The number of Americans filing for unemployment benefits unexpectedly fell last week, according to data from the Labor Department.
Eurozone PMI data disappoints
Continuing the bloc's recent run of economic form, surveys on eurozone manufacturing and services data both indicated lower levels of activity than hoped for this month.
Mild weather boosts retail sales as shoppers brush aside Brexit woes
UK retail sales unexpectedly rose in March, boosted by mild weather and despite the looming Brexit deadline, according to data released by the Office for National Statistics on Thursday.