UK retail sales suffer payback after September surge

UK retail sales fell slightly more than expected in October, but the decline looks to be a one-off and masks a reassuringly solid underlying trend which will likely add to the argument that the economy should be capable of withstanding an initial tightening of policy in the not-too-distant future.

Official data confirm US manufacturing rebound at start of fourth quarter

US industrial production fell 0.2% for a second successive month in October, but the decline clouds a more upbeat picture of the health of the country’s factories.

US inflation shows signs of edging higher

US headline inflation edged higher to 0.2% in October after the flat year-on-year reading seen in September, according to official data.

UK sees sustained deflation for first time

The UK’s Consumer Price Index (CPI) remained in negative territory in October, helping shore up the Bank of England’s belief that there’s no rush to start raising interest rates

Recession in Japan signalled despite fastest nominal GDP growth for five years

Headline data showing Japan to have fallen back into recession in the third quarter give a misleading view of the health of the economy.

Eurozone economy grows 0.3% in the third quarter

The euro area’s pace of economic growth lost a little momentum in the third quarter, despite the additional central bank stimulus seen so far this year and a weakened, competitive, currency.

German economy grows at moderate pace in third quarter

The German economy continued to grow at a moderate pace in the third quarter, according to data from Statistisches Bundesamt Destatis. Markit’s PMI data signalled further modest growth at the start of the fourth quarter, but results from the latest Business Outlook Survey highlight growing uncertainty among businesses about prospects for the year ahead.