News And Announcements
UK economic growth slows markedly in July
Economic growth slowed in July amid rising cases of Covid-19, according to figures released by the Office for National Statistics on Friday.
China factory gate inflation hits 13-year high
Factory gate inflation hit a 13-year high in August as manufacturers responded to the high cost of commodities, official figures showed.
UK house price growth eases as market cools from frenzy
UK house price growth started to ease in August as the market calmed down from a frantic rush to buy spurred by the Chancellor's stamp duty holiday, a survey showed.
Johnson faces Tory revolt over NI rises to pay for social care
UK Prime Minister Boris Johnson faces a potential revolt from within his own Conservative Party over plans to break a manifesto promise and increase National Insurance Contributions (NICs) to pay for social care reforms.
Michael Saunders says Bank may need to hike rates in 2022
The Bank of England may need to raise interest rates over the "next year or so" if the UK economy continues to recover and inflation remains persistently higher than expected, a top official said.
German investor sentiment deteriorates amid chip shortages
German investor sentiment deteriorated more than expected in September amid a shortage of semiconductors and building materials, according to a survey released on Tuesday by the ZEW Center for European Economic Research in Mannheim.
German industrial production rises more than expected in July
German industrial production rose more than expected in July as the country overcame supply shortages, according to figures released on Tuesday by Destatis.
House prices hit record high in August but growth slows - Halifax
House prices hit a record high in August, although the pace of annual growth slowed, according to a survey released by Halifax on Tuesday.
FCA chair calls for further regulation of crypto tokens
The financial regulator made fresh calls for regulation on crypto tokens on Monday, despite recent efforts from platforms to crack down on fraudulent advertisements.
UK construction sector growth eases amid supply constraints
Growth in the UK construction sector eased in August amid supply constraints, according to a survey released on Monday.
German factory orders unexpectedly rise in July
German factory orders unexpectedly rose in July, boosted by overseas demand from the shipbuilding sector, according to figures released on Monday by Destatis.
Growth in UK services sector hits six-month low in August
Growth in the UK services sector eased in August to its slowest pace since March amid supply chain and staff issues, according to a survey released on Friday.
China's services sector contracts in August - Caixin
China’s services sector contracted in August amid restrictions to curb the Delta variant of Covid-19, according to data released on Friday.
UK retail footfall rises but stays well below pre-crisis level
Visits to UK stores rose in August as workers began to return to offices but activity remained well below pre-pandemic levels, a British Retail Consortium survey showed.
Pandemic retail footfall gap continues to close in August
Visits to shops improved in August by around a quarter, according to fresh data released on Thursday, with footfall being 18. 6% below pre-pandemic levels in 2019 in August, compared to the 24. 2% gap in July.
BoE appoints Huw Pill as new chief economist
The Bank of England has appointed former Goldman Sachs economist Huw Pill as its new chief economist, replacing Andy Haldane.
US private sector adds fewer jobs than expected in August - ADP
Private sector employment in the US grew much less than expected in August as the spread of the Delta variant took its toll, according to the latest data from the ADP.
German retail sales fall more than expected in July
German retail sales fell more than expected in July, according to figures released on Wednesday by Destatis.
UK manufacturing growth slows in August amid supply chain issues
UK manufacturing growth slowed to a five-month low in August amid supply chain issues, according to a survey released on Wednesday.
China factory activity contracts in August - Caixin
Activity in China’s manufacturing sector contracted in August for the first time since April 2020, according to a private gauge released on Wednesday.