Eurozone industrial output up 1.7% on a year ago despite September drop

Industrial production in the euro area fell 0.3% in September, according to official data, piling additional pressure on policymakers to inject more stimulus to tackle the region’s economic malaise.

UK pay growth dips despite tightest job market since 2008

The UK labour market continued to tighten in September as unemployment fell more than expected and employment rose sharply. Pay growth remained surprisingly weak, however, despite further evidence of growing skill shortages, which normally leads to higher salaries.

Fed rate hike draws closer as global growth ticks higher

The JPMorgan Global PMI™, compiled by Markit, regained some poise after slipping to a nine-month low in September, rising to 53.4. However, the survey merely signals a rate of worldwide GDP growth of just around 2% per annum. Services continued to drive the upturn, as has been the case throughout the past year-and-a-half, though an upturn in the goods producing sector meant the divergence narrowed.

Global growth edges higher at start of fourth quarter

Global economic growth ticked higher in October, with robust expansions in the US, UK, eurozone and Japan accompanied by an improved performance in China. However, whereas the recent data flow has resulted in the US Fed talking up the chance of rates rising by the year-end and Japan keeping policy on hold, a gloomy Bank of England downplayed the scope for a UK rate hike and the ECB raised the prospect of more stimulus.

PMI surveys show UK economy picking up speed again at start of fourth quarter

The rate of economic growth rebounded in October, rising from the near two-and-a-half year low seen at the end of the third quarter, according to PMI survey data.

Signs of global manufacturing slowdown bottoming out as PMI hits seven-month high

Global manufacturing started the fourth quarter showing tentative signs of renewed life.

China manufacturing PMI sees largest rise for 16 months as exports stabilise

China’s manufacturing economy started the fourth quarter on a firmer footing, with the sector still in decline but the rate of contraction easing amid a stabilising of export sales.