U.K. services grew at the slowest pace in seven months in January as new business cooled and wet weather soaked the country.
Euro-area services output expanded at a slower pace than initially estimated in January, led by Germany, as the currency bloc’s recovery remained fragile.
U.K. construction expanded at the fastest pace since August 2007 last month as residential activity led a pickup in all areas of building.
When Peter Elston wants to check the pulse of the world economy, one of the indicators he zeroes in on didn’t even exist a decade ago.
U.K. bond investors are scaling back expectations for the pace of Bank of England rate increases as policy makers warn a sharp rise in borrowing costs may derail the recovery.
U.K. companies will increase marketing this year by the most in six years, according to a survey by an advertising group, after companies respond to a stronger economy and falling unemployment.
U.K. services growth unexpectedly slowed for a second month in December after surging the most in 16 years at the start of the fourth quarter.
U.K. services unexpectedly strengthened in March, easing concern that the economy may be heading for a triple-dip recession.
Euro-area manufacturing output grew more than initially estimated in November, led by Germany, the currency bloc’s largest economy.
"Some encouragement must be gleaned from the PMI signaling expansion of the euro-zone economy for a fifth successive month in November, but the average reading over the fourth quarter so far is signaling a very modest 0.2 percent expansion."
- Chris Williamson on Nov 21, 2013