News And Announcements
New York Fed manufacturing survey plummets to near three-year low
The Empire State Manufacturing Index has tumbled into negative territory after recording the largest monthly decline on record.
UK property demand may be 'breaking through', says report
House prices in England and Wales returned to annual growth with a 0. 3% rise in May as foreign buyers returned to the property market and demand may be beginning to break through, according to a report released on Monday.
Labour costs rise across the eurozone
Eurozone labour costs increased in the first quarter, as wage growth picked up across the bloc, official data showed on Monday.
'Messy and disorderly Brexit remains main downside risk' to UK- BCC
The British Chambers of Commerce revised its medium-term growth forecasts for the UK lower, trimming its forecast for the rate of growth in GDP in 2020 to 1. 0%, from 1. 3%, and to 1. 2%, from 1. 4%, in 2021, blaming Brexit stockpiling for the downgrades in its latest economic forecasts released on Monday.
Households increasingly upbeat about long-term financial wellbeing - survey
British households have become more confident about their longer-term financial health, despite ongoing concerns about their current position.