Eurozone May inflation declines to 0.5%
As Eurozone May inflation declines to 0.5% (annualized) from 0.7% in April, moving further below the European Central Bank’s (ECB’s) target of 2%, economists...
Both Chinese PMIs for May encouraging
Fears of a steep slowdown in GDP growth may have been allayed after both Chinese PMIs for May (services and manufacturing) were published. China’s...
UK May manufacturing output strong
UK May manufacturing output grew for the fifteenth consecutive month, reflecting better economic conditions and improved order books, according to the Markit/CIPs UK Manufacturing...
May Eurozone manufacturing growth slowed down
May Eurozone manufacturing growth registered its steepest slowdown in six months, according to Markit Eurozone Manufacturing PMI – final data. May Eurozone PMI (Purchasing...
Asian overall debt increased in 2013
At 208% of GDP, Asian overall debt reached a record high in 2013, compared to 192% the previous year. Indebtedness increased across the whole...
Prostitution plus illegal drugs 0.7 percent of UK GDP
Prostitution plus illegal drugs make up approximately 0.7% of the United Kingdom’s GDP, i.e. about £10 billion ($16.76 billion) each year. Illegal drugs are...
Brazilian economy grew 0.2% in Q1 2014
The Brazilian economy grew by just 0.2% during the first quarter of 2014 compared to the previous quarter, says the Brazilian Institute of Geography...
India GDP growth 4.6% in Q1 2014
India GDP growth of +4.6% for the first quarter of 2014 (the fourth quarter of India’s financial year) was the same as in the...
UK 2014 economic forecast will be a 7-year high
The British Chambers of Commerce (BCC) has upgraded its UK 2014 economic forecast to 3.1% from 2.8%, while its 2015 forecast has increased to...
May UK economic growth record high
May UK economic growth came in at a record high, according to data released by the the Confederation of British Industry (CBI). May's figure...