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UK manufacturing sector surges in June

UK manufacturing sector surges in June

Manufacturing output surged in June at the strongest pace since the end of 2010, according to figures from the Office for National Statistics (ONS). Manufacturing output rose 1.9% month-on-month in June, following declines in both May and April. This growth came at...

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Elit eget tincidunt condimentum

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US trade deficit narrows to $34.2bn in June

US trade deficit narrows to $34.2bn in June

The US trade deficit fell by 22.4% to $34.2bn (£22.3bn) in June, the smallest gap since October 2009. The percentage contraction was also the largest since February 2009. The three-month average of the trade deficit, which irons out monthly volatility, also fell to...

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US employment up by 162,000 in July

US employment up by 162,000 in July

The US economy added 162,000 new jobs in July, according to the US Labor Department. The figure - which measures the number of jobs outside the US farming sector - was below economists' expectations of more than 180,000 and the government also cut its previous...

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US economic growth at 1.7% in second quarter

US economic growth at 1.7% in second quarter

The way the US economy is measured has changed, to include the amount spent on intellectual property outlays such as pop song production and drug patents for the first time. "GDP is probably the single most important statistic affecting businesses, households, and...

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US economy improving slowly, IMF says

US economy improving slowly, IMF says

However, the IMF added that the recovery from recession has so far been "tepid". In its regular assessment of the economy, the IMF said the US still faces "powerful headwinds". But it noted gains on stock markets and in house prices, and predicted that economic growth...

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Elementum mauris aliquam ut

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