U.K. claimant count rate rose to 2.9% in September from 2.8%, in line with expectations and reaching the highest reading since January last year. Meanwhile, claimant count change on the month was 31.8...

Average earnings, including bonuses, rose by 3.4 percent year over year, down from 3.5 percent in July. Analysts expected a 3.5 percent read. Wage inflation is something the BoE takes into account whe...

The unemployment rate increased again in the U.K., in the latest three months to August 2008. The released number of 5.7% is higher than market expectations of 5.5%. The unemployment rate has started ...

The number of people seeking unemployment benefits rose steady in August. The report shows there were 939,900 persons on the claimant count in September, up 31,800 from one month earlier. The previous...

The U.K. Consumer Prices Index rose 5.2% for the month of September from one year earlier, more than market expectations. The Core CPI read, which excludes volatile items, also beat market expectation...

U.K. retail sales values fell 1.5 percent from September 2007 when they had risen 3.0 percent. Sales have been lower in the past six out of seven months, the worst since the summer of 2005. As was see...

The house price balance declined in September according to the Royal Institution of Chartered Surveyors, who released their survey results Tuesday morning. The survey showed that the seasonally adjust...

The U.K. economy shows signs of deflation at least when it comes to producer’s input and output prices. Input prices, the price at which producers and manufacturers buy materials and fuel, fell in Sep...

The U.K. deficit widened in August to -8.2B, larger than market expectations of 7.6B. The previous number was also revised higher, from -7.7B to -8.2B. The UK’s deficit on trade in goods and services ...

The U.K. August goods trade deficit came in far worse than expected, at GBP 8.20 bln compared to a median estimate for GBP 7.50 bln. The July deficit was revised sharply, to GBP 8.24 bln from 7.67 bln...

The volume of German industrial orders rebounded 3.6% in August. While such a bounce was not anticipated, the trend remains clearly adverse. Orders had declined in each of the eight previous months an...

Industrial production in the U.K. fell another 2.3%, which was well beyond the 2.0% decline projected by economists, and marks the biggest decline in three years. Meanwhile, manufacturing activity fel...

The U.K. manufacturing output decreased in August by 0.4%, compared with analyst estimations of -0.2%. Decreases were seen in 10 out of the 13 industries, having the biggest declines in transport equi...

The U.K. Services PMI contracted for the fifth straight month, falling to a fresh record low of 46.0 from 49.2 in August. Earlier this week, we saw the manufacturing PMI slip to a record low reading o...

The U.K. Service PMI came in at 46.0, much worse than market expectations. The release shows the service side of the economy has contracted for more than five months, hitting now a record low for the ...

The construction PMI fell in August much lower than expected, 38.8 compared with analyst expectations of 39.0. The released number still denotes the weak period the U.K. housing and construction marke...

U.K. house prices have continued to decline for eleven uninterrupted months, reaching -12.4% year-over-year. In September, prices declined by 1.7%, more than analyst had predicted. The average price f...

The UK Manufacturing PMI contracted for a fifth consecutive month in September, reflecting some fears that the UK economy may be facing a prolonged recession. According to the PMI report, the 41.0 rea...

The final GDP reading for the U.K. was revised higher to 1.5% from a preliminary reading of 1.4%, which suggests that the economy may avoid a recession in the third quarter. However, falling home pric...

The U.K. GDP remained flat during the second quarter of 2008, in-line with analysts' expectations. From one year earlier, the U.K. economy expanded 1.5%. Production output fell in the second quarter b...

U.K. current account deficit reached £11.0 billion in the second quarter of 2008, up from a deficit of £5.5 billion in the first quarter (revised down from £8.4 billion). The second quarter current ac...

The GfK consumer confidence saw a second consecutive rise during the first half of September. However, after the late market turmoil, GfK held an additional wave which showed that consumer confidence ...

The CBI survey showed that retail sales contracted for a third month in a row. Responding to its latest Distributive Trades Survey, 21% of retailers said that the volume of sales in the first half of ...

The Rightmove house price index for the month came in lower by 1 percent, for the year prices came in lower by 3.3 percent. This is the fourth straight month of loses as the credit crisis intensifies ...

Retail sales grew in August at a monthly pace of 1.2%, much better than the analyst expectations of -0.4%. Textile, clothing and footwear rose by 4.1% in August, while sales in food stores fell by 0.2...

In August the M4 rose by £24.6 billion, or 1.4%, twice as much as analysts’ had predicted. Year over year, the M4 growth rate is standing at 11.5%. The long-run average of the M4 annual growth rate is...

U.K. August retail sales unexpectedly rose by 1.2% MoM while the median had been for a 0.5% falls. Meanwhile, the already surprisingly high July reading of 0.8% MoM was revised up to 0.9%. The m/m inc...

The BoE's minutes from the latest meeting held September 3-4 shows the bank is starting to have a less inflationary outlook, as inflation is expected to fall later this year. The voting was split to 1...

The unemployment rate increased again in UK, in the latest three months to July 2008. The released number of 5.5% is bigger than market expectations of 5.4%. Recently, the unemployment rate has starte...

Average earnings, including bonuses, rose by 3.5 percent year over year, up from 3.4 percent in June. Analysts expected a 3.4 percent read. Wage inflation is something the BoE takes into account when ...

The number of people seeking unemployment benefits rose steady in August. The report shows there were 904,900 persons on the claimant count in August, up 32,500 much more than what analyst had predict...

The ZEW Indicator for Germany improved much more than expected in September 2008, by 14.4 points. The indicator now stands at minus 41.1 points after minus 55.5 points the previous month. The released...

Inflation in the U.K. has risen to 4.7% from one year earlier, higher than the market had expected. At the same time, the Core CPI was released at 2.0%, higher than what was forecasted. The largest up...

U.K. house prices came in down 0.3% from July 2007. The release was higher than what analysts’ had predicted. The average price of a home stood at £217,171 in July. In January 2008, house prices were ...

In the U.K., inflation expectation has increased since the last quarter. The U.K. economy continues to be pressured by inflation. This report shows inflation is likely to remain high over the medium a...

In July, the deficit on trade in goods was 7.7B in U.K., bigger than analysts’ expectations of -7.5B. The previously released number, for the month of June, was revised to -8.0B from -7.7B. However, t...

The gross domestic product fell 0.2 percent in the June to August reporting period. The U.K. economy is expected to contract for the first time in at least the past decade. The May to July estimate wa...

In July, manufacturing output fell by 0.2% from one month earlier, a slightly bigger decrease than anticipated. 10 out of the 13 sub-indexes making up the manufacturing output decreased. The biggest d...

The RICS house price balance improved slightly for the fourth consecutive month but still remains at a significantly low level. 81.0 percent more Chartered Surveyors reported a fall than a rise in hou...

U.K. retail sales values fell 1.0 percent from August 2007 when they had risen 1.8 percent. Sales have been lower in the past five out of six months and this is as bad as summer of 2005. Food and drin...

The input price for all manufactured products fell in August in the U.K. because of falling oil prices. The PPI Input was released at -2.0%, much lower than market expectations of -1.2%. At the same t...

Consumer confidence in the U.K. has held steady this month at its lowest level since Nationwide began publishing this index in 2004. The survey found that 9 percent of those polled felt the economy wa...

The construction PMI rose in August much higher than was expected, 40.5 compared with analyst expectations of 36.0. However, the released number still denotes the weak period the U.K. housing market i...

The UK Manufacturing PMI contracted for a fourth consecutive month in August, reflecting some fears that the UK economy may be facing a prolonged recession. According to the PMI report, the 45.9 read ...

There has been a small improvement in the GfK consumer confidence reading from -39 to -36. This release is still 32 points lower than it was in August of 2007. This improvement can be attributed to se...

U.K House prices continued to decline in August, coming in at -1.9% the release shows. The released number is lower than the analyst expectations of -1.5%, while the previous released number was left ...

The U.K. revised GDP number dropped to 0.0% compared with analyst expectations of 0.1%. The release shows the economy is barely holding above the contraction level. The U.K. economy is facing some har...

In July, U.K. retail sales rose from one month earlier. The release number of 0.8% is much higher than analyst expectations of -0.3%. The previous month’s number released at -3.9%, revised to -4.3%, w...

The UK CBI release shows the manufacturing sector is struggling as the value of new orders drop. The release number came in at -13, slightly under analyst expectations of -12. The number released for ...

This report has been in decline since May and this month is no better with a reading of negative 2.3. Average asking prices for homes in the U.K. have fallen 4.8 percent from a year earlier and 2.3 pe...