A report released by the Federal Reserve on Tuesday showed industrial production in the U.S. increased in line with economist estimates in the month of March. The Fed said industrial production climbed by 0.4 percent in March, matching the upwardly revised advance in February ..read more

The International Monetary Fund said on Tuesday that a resilient global economy is set for steady growth in the next two years as inflation returns to target gradually, but the growth will be uneven amid persistent risks. Global growth is set to remain at 3.2 percent this year and next, the same as in 2023, the IMF said in its latest World Economic Outlook ..read more

Citing a "lack of progress" toward reaching the central bank's inflation goal, Federal Reserve Chair Jerome Powell suggested on Tuesday that interest rates are likely to remain higher for longer. Powell's remarks came during a moderated discussion with Bank of Canada Governor Tiff Macklem at the Washington Forum on the Canadian Economy ..read more

UK consumer price inflation softened in March to the lowest since September 2021, the Office for National Statistics reported Wednesday. Inflation weakened to 3.2 percent in March from 3.4 percent in February. However, this was slightly above the forecast of 3.1 percent. The March inflation was ..read more

Eurozone inflation softened in March, as initially estimated, largely due to slowing food price growth, final data from Eurostat showed on Wednesday. The harmonized index of consumer prices registered an increase of 2.4 percent annually, slower than the 2.6 percent rise in February. Likewise ..read more

Germany's factory orders expanded in February after declining sharply at the start of the year, signalling that the recession is likely to be relatively mild. Factory orders posted a monthly growth of 0.2 percent in February, in contrast to the sharp 11.4 percent decline in January, data from Destatis showed on Friday. However, the rebound was weaker than economists' forecast of 0.8 percent grow ..read more

Spain industrial production increased for the second straight month in February, defying economists' forecast for a decline, data from the statistical office INE showed on Friday. Industrial output posted an annual increase of 1.5 percent, faster than the 0.3 percent rebound in January. In contrast ..read more

Eurozone retail sales decreased in February due to lower demand for both food and non-food items, official data revealed on Friday. Retail sales registered a monthly decline of 0.5 percent in February after remaining flat in the previous month, Eurostat reported. Economists had forecast a 0.4 percent ..read more

The British construction activity signalled a renewed expansion in March amid a turnaround in sales pipelines and greater new business enquiries, survey results from S&P Global showed on Friday. The Construction Purchasing Managers' Index, or PMI, rose to 50.2 in March from 49.7 in January. The score ..read more

Germany's construction sector continued to deteriorate sharply at the end of the first quarter as constructors expressed a gloomy outlook amid subdued demand caused by high interest rates and economic uncertainty, survey results from S&P Global showed on Friday. The construction purchasing managers ..read more