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Economic News Page 2

Renewed optimism among retailers despite slowed sales growth

For the first time since November 2016, retailers expect their business situation to improve over the next three months.

Alison Bloomer

US jobless claims fall back to 45-year low

Initial US jobless claims fell by 7,000 to 222,000 in the week ending February 17, marking the second lowest level since the end of the 2007-2009 recession.

Alison Bloomer
growth

UK economic growth revised lower in the fourth-quarter

The pound fell on Thursday after UK growth was revised lower by the Office for National Statistics in its second estimate of fourth-quarter gross domestic product (GDP)

Neil Dennis
Kenya's flag

Kenya tests bond market as debts mount

10-year and 30-year bond issues are reportedly being marketed to prospective investors, despite the country’s recent credit downgrade from Moody’s.

Graham Buck
Fed

Fed rate expectations prompt US stock reversal and bond sell-off

US stocks reversed early gains and Treasury bonds sold off late on Wednesday after the Federal Reserve sent a rather hawkish message to markets, minutes from its most recent meeting revealed

Neil Dennis
US housing

US pre-owned home sales in biggest fall for three years

The number of pre-owned homes sold in the US fell at its fastest rate for three years in January.

Richard Reed
Productivity

UK productivity rises for second successive quarter

The UK’s productivity has improved for the second successive quarter, according to the latest figures. Output per hour rose 0.8% in the fourth quarter of 2017 compared with the same period in 2017

Richard Reed
Deficit reduction is on track

UK government’s deficit reduction plan on target

The budget surplus for January, traditionally a month of bumper tax receipts, was slightly above forecasts at £10bn.

Graham Buck
boe

Pressure on Bank of England as UK wage growth rises

Sterling lost ground on Wednesday after UK labour market data showed a rise in the rate of unemployment, but signs of underlying wage growth in December kept alive some expectations of a May interest rate rise

Neil Dennis
eurozone

Eurozone business activity slows in February

Business activity in the eurozone slowed in February, as growth rates in core economies France and Germany dipped, but business optimism from the region's purchasing managers moved higher

Neil Dennis
eurozone

Eurozone consumer confidence declines in February

Data released on Tuesday showed eurozone consumer confidence deteriorated by more than expected in February.

James Hester

Maplin looks for a buyer

High Street electronics chain Maplin is looking for a buyer to secure the future of its 200 stores and 2,500 employees.

Claire Veares

Gig economy case reaches Supreme Court

A key case for workers in the UK’s burgeoning gig economy starts in the Supreme Court today.

Claire Veares

Fox offers improved terms in Sky takeover inquiry

Fox has offered to keep the Sky News brand going for 10 years as it seeks to overcome the opposition of the Competitions and Markets Authority

Claire Veares
zew

German economic sentiment slips in February

Economic sentiment in Germany dipped in February, but remained at historically elevated levels, reflecting continued confidence in the eurozone's strongest economy

Neil Dennis