Economic News
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China relaxes local mortgage policy as property sector struggles
Friday 25 Aug 2023
(Sharecast News) - Authorities in Beijing announced a strategic move to counter the declining residential property market overnight on Friday, with a new policy intended to ease its stringent mortgage... Read More
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UK's Ofgem lowers price cap by 7%, but consumers still face high bills
Friday 25 Aug 2023
(Sharecast News) - Britain's energy regulator has lowered the price cap on household bills by about 7% as wholesale prices continue to fall, but customers will still face a tough winter and high bills... Read More
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UK retail sales slump continues - CBI
Thursday 24 Aug 2023
(Sharecast News) - British retail sales fell in August at their fastest rate in more 30 months with future prospects not looking much better amid the cost of living crisis, according to an industry su... Read More
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US initial jobless claims fall to lowest level in three months
Thursday 24 Aug 2023
(Sharecast News) - The number of Americans filing for unemployment benefits fell last week to its lowest level in three weeks, according to data released on Thursday by the Labor Department. Read More
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US private sector nears stagnation in August PMIs
Wednesday 23 Aug 2023
(Sharecast News) - America's private sector showed signs of near stagnation in August, according to fresh survey data released on Wednesday, with business activity growth showing a slowdown. Read More
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CMA revises provisional findings in Hitachi's rail signalling takeover
Wednesday 23 Aug 2023
(Sharecast News) - The Competition and Markets Authority (CMA) issued a revised assessment over Hitachi's planned €1.7bn rail signalling acquisition on Wednesday, of the Ground Transportation (G... Read More
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UK private sector output falls at fastest pace in two-and-a-half years
Wednesday 23 Aug 2023
(Sharecast News) - Output in the UK private sector fell in August at the fastest pace since January 2021, according to a survey released on Wednesday. Read More
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UK July govt borrowing lower-than-forecast at £4.3bn
Tuesday 22 Aug 2023
(Sharecast News) - UK government borrowing came in at £4.3bn in July and lower-than-expected for the first four months of the year, according to official data released on Tuesday. Read More
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UK manufacturing registers sharp decline in August
Tuesday 22 Aug 2023
(Sharecast News) - UK manufacturers have experienced the worst rate of decline in output in nearly three years, according to the CBI's latest Industrial Trends Survey, with volumes falling in 15 out o... Read More
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UK manufacturing registers sharp decline in August
Tuesday 22 Aug 2023
(Sharecast News) - UK manufacturers have experienced the worst rate of decline in output in nearly three years, according to the CBI's latest Industrial Trends Survey, with volumes falling in 15 out o... Read More
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PBoC announces smaller-than-expected rate cut
Monday 21 Aug 2023
(Sharecast News) - The People's Bank of China announced a smaller-than-expected rate cut on Monday. Read More
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Wet July weather sees retail sales fall by worse-than-expected 1.2%
Friday 18 Aug 2023
(Sharecast News) - UK retail sales fell 1.2% last month compared with June, as wet weather literally turned a key summer shopping month into a damp squib for businesses. Read More
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Eurozone CPI falls again in July
Friday 18 Aug 2023
(Sharecast News) - Eurozone inflation slowed again in July, data from the European Union showed on Friday, raising hopes that the European Central Bank may slow its cycle of rate hikes. Read More
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Japan core inflation rate falls in July
Friday 18 Aug 2023
(Sharecast News) - Japan's core inflation rate fell to 3.1% in July from 3.3% in the previous month, in line with expectations. Read More
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UK CPI falls to 6.8% in July
Wednesday 16 Aug 2023
(Sharecast News) - UK consumer price inflation slowed again to 6.8% in July, driven by falling food and energy prices, according to official data published on Wednesday. Read More
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UK food price inflation falls for fifth month in a row - Kantar
Tuesday 15 Aug 2023
(Sharecast News) - UK food price inflation fell for the fifth month in a row in the four weeks to August 6 providing some hope that the eye-watering cost of a grocery shop will start to ease for consu... Read More
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BoE under pressure as UK wages growth hits record high, unemployment up
Tuesday 15 Aug 2023
(Sharecast News) - UK wages growth in the three months to June leapt to its highest rate since records began while the unemployment rate also rose unexpectedly, according to official data released on ... Read More
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Japan Q2 GDP growth beats expectations
Tuesday 15 Aug 2023
(Sharecast News) - Japan's economy expanded for the third quarter in a row driven by growth in exports on the back of a weak yen, according to provisional data published on Tuesday. Read More
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UK GDP grows more than predicted in Q2
Friday 11 Aug 2023
(Sharecast News) - UK gross domestic product increased by more than expected in the second quarter of 2023, according to figures released Friday morning. Read More
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Wet weather, inflation hit July UK retail sales - BRC
Tuesday 08 Aug 2023
(Sharecast News) - Heavy rain and high inflation hit UK retail sales in July, forcing firms to cut prices, a survey showed on Tuesday. Read More
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