Europe’s economy would be hurt by a sustained disruption to air travel caused by last week’s Icelandic volcanic eruption, said economists at Goldman Sachs Group Inc. and IHS Global Insight.
U.K. inflation fell to its lowest rate in 4 1/2 years in May as food and transport costs declined, providing Bank of England policy makers breathing space over interest rates.
Euro-area and U.K. staffing companies are outperforming the market, a signal that investors predict economic conditions in the region won’t be as bad as previously forecast.
"It is worth noting that consumer spending likely saw robust growth."
- Howard Archer on Aug 15, 2014