Economic News
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Which formally complains about 'misleading' Tesco promotional pricing
Friday 09 Jun 2023
(Sharecast News) - Consumer campaign group Which raised concerns over Tesco's pricing practices on Friday, suggesting that the lack of clear pricing on the majority of its food and drink promotions co... Read More
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Eurozone tips into recession
Thursday 08 Jun 2023
(Sharecast News) - The Eurozone has tipped into recession, official data showed on Thursday, after a series of downward revisions. Read More
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Higher interest rates weigh on UK housing market - RICS
Thursday 08 Jun 2023
(Sharecast News) - The UK housing market saw a modest recovery in May, a closely-watched survey showed on Thursday, although rising interest rates and stubborn inflation continued to weigh heavily. Read More
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Watchdog announces new requirements to tackle APP fraud
Wednesday 07 Jun 2023
(Sharecast News) - The UK watchdog for payment systems unveiled new obligations for lenders and payments outfits with a view to helping more victims of Authorised Push Payment fraud to recover their f... Read More
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German industrial production rises less than expected in April
Wednesday 07 Jun 2023
(Sharecast News) - German industrial production rose less than expected in April, according to data released by Destatis on Wednesday. Read More
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Annual house prices fall in May for first time since 2012 - Halifax
Wednesday 07 Jun 2023
(Sharecast News) - Annual house prices fell in May for the first time since 2012 amid surging mortgage costs, according to data released on Wednesday by Halifax. Read More
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Merger and acquisition activity declines in first quarter - ONS
Tuesday 06 Jun 2023
(Sharecast News) - Mergers and acquisitions activity in the first quarter of 2023 experienced a decline compared to the previous quarter, according to data released on Tuesday by the Office for Nation... Read More
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Ryanair cancels hundreds of flights as French ATC strikes
Tuesday 06 Jun 2023
(Sharecast News) - Ryanair, Europe's largest low-cost airline, was forced to cancel a significant number of flights on Tuesday,as a result of ongoing strike action by air traffic control (ATC) workers... Read More
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Eurozone retail sales stagnant in April
Tuesday 06 Jun 2023
(Sharecast News) - Retail sales in the Eurozone stagnated in April, official data showed on Tuesday, missing expectations for a small uptick. Read More
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UK construction sector gains momentum despite housing drag
Tuesday 06 Jun 2023
(Sharecast News) - The UK construction sector saw an uptick in activity last month, a closely-watched survey showed on Tuesday, although higher interest rates continued to weigh heavily on house build... Read More
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Weak demand hits Eurozone construction sector
Tuesday 06 Jun 2023
(Sharecast News) - Weak demand continued to weigh heavily on the Eurozone construction sector, a closely-watched survey showed on Tuesday, despite input price rises starting to ease. Read More
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Australia's central bank hikes rates by 25 basis points
Tuesday 06 Jun 2023
(Sharecast News) - The Reserve Bank of Australia unexpectedly hiked interest rates again on Tuesday, arguing that inflation was still too high. Read More
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German factory orders unexpectedly fall in April
Tuesday 06 Jun 2023
(Sharecast News) - German factory orders unexpectedly fell in April as large-scale orders dropped, according to figures released on Tuesday by Destatis. Read More
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Bank holidays fail to boost retail sector - BRC
Tuesday 06 Jun 2023
(Sharecast News) - UK retail sales growth slowed in May, industry data showed on Tuesday, despite a succession of bank holiday weekends. Read More
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UK May car registrations rise 16.7%
Monday 05 Jun 2023
(Sharecast News) - New car registrations rose 16.7% in May, according to industry figures released on Monday, but are still lower than pre-Covid pandemic levels. Read More
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Eurozone investor sentiment deteriorates in June
Monday 05 Jun 2023
(Sharecast News) - Eurozone sentiment deteriorated in June as worries about the German economy weighed, according to data released on Monday. Read More
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Resilient consumer demand boosts UK service sector
Monday 05 Jun 2023
(Sharecast News) - The UK service sector saw output strengthen in May, a closely-watched survey showed on Monday, as firms benefited from resilient consumer demand despite higher input costs. Read More
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Germany posts surprise trade surplus rise in April
Monday 05 Jun 2023
(Sharecast News) - Germany reported an unexpected month-on-month trade surplus rise in April after an increase in exports, according to official data published on Monday. Read More
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Activity in China's services sector picks up in May
Monday 05 Jun 2023
(Sharecast News) - Activity in China's services sector unexpectedly picked up in May, according to a survey released on Monday. Read More
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US payrolls rise far more than expected in May
Friday 02 Jun 2023
(Sharecast News) - The US economy created far more jobs than expected in May, according to figures released on Friday by the Bureau of Labor Statistics, but analysts suggested that a moderation in wag... Read More
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