UK Annual Price Inflation Jumps by 8.1% in October to a Record High
(Halifax) UK posted an average house price of 270,027 pounds in October, an annual increase of 8.1% compared to 7.4% in September. The prices are now up for the fourth…
(Halifax) UK posted an average house price of 270,027 pounds in October, an annual increase of 8.1% compared to 7.4% in September. The prices are now up for the fourth…
(Department of Labor) Jobless claims fell by 14,000 in the week that ended October 30 to a new-pandemic low of 269,000. The jobless claims are now closer to the March…
(Eurostat) Industrial producer prices rose by 2.7% in the euro area and EU in September from August. On a year over year basis, the producer prices were up by 16%…
(IHS Markit) UK Construction PMI was 54.6 in October, an increase from an eight-month low of 52.6 in September. Construction activity was curtailed by supply constraints and input inflation, although…
(IHS Markit) The Eurozone output growth in the services and manufacturing sector grew at the slowest pace in six months in October, with the output index dropping to 54.2 from…
(Federal Reserve) The Federal Reserve will begin reducing the $120 billion monthly bond purchases by $15 billion later this month following traction in economic recovery. The Federal Open Market Committee…
(Census Bureau) New orders for manufactured goods in the US increased by 0.2% or $1.3 billion from August to reach $515.9 billion in September. The orders had risen by 1.0%…
(IHS Markit) US Services PMI was at a three-month high in October, with the PMI reaching 58.7, up from September’s 54.9. The improvement in service business activity in October reflected…
(ADP National Employment) US private sector employment jumped by 571,000 in October from September underlining robust recoveries from slowdowns caused by the Delta variant. Large businesses contributed the highest job…
(Eurostat) The unemployment rate in the euro area was 7.4% in September, a decline from 7.5% recorded in August. The rate was lower in the EU at 6.7%, down from…
(IHS Markit) Business activity in the UK increased in October, with the PMI jumping to 59.1 from 55.4 in September. The recovery pace was the strongest since July. New order…
(Bloomberg) Kristalina Georgieva, the IMF’s Managing Director, says widespread global vaccinations can help address inflation fears and potential social unrest. Georgieva says that intensifying global vaccinations boost production everywhere and…