LONDON (Reuters) – Britain’s economy shrank by a record 5.8% in March as the coronavirus crisis escalated and the government shut down much of the country, according to official data that point towards an even bigger hit to come. The monthly drop in gross dome... More »
LONDON (Reuters) – Britain’s construction sector saw the sharpest fall in activity since the financial crisis last month, a survey showed on Monday, despite facing much less pressure than other industries to shut down operations due to the coronavirus. The fig... More »
BERLIN (Reuters) – German economic growth slowed slightly more than expected in the first quarter of the year due to weak trade, data showed on Tuesday, but analysts called it a blip and predicted Europe’s biggest economy would shift into a higher gear again. ... More »
LONDON (Reuters) – Britain’s current account deficit was much smaller than expected last year, its statistics office said on Thursday, potentially easing concerns about the country’s reliance on foreign investors to fund itself as Brexit nears. The Office for ... More »
FILE PHOTO: A man is silhouetted as he walks past the Bank of England in the City of London, Britain, December 12, 2017. REUTERS/Clodagh Kilcoyne LONDON (Reuters) – British economic growth unexpectedly picked up speed in the last three months of 2017, accordin... More »
British industry had its strongest month so far this year in September, but more signs of strain on consumers and a plunge in construction were reminders that the economy looks set for a difficult 2018 as Brexit approaches. More »
German industrial production jumped more than expected in August, posting its biggest monthly increase in more than six years, data showed on Monday, in a further sign that Europe's biggest economy is set for solid growth in the third quarter. More »
Contractors for U.S. commercial construction are optimistic about the industry's health in the next 12 months though finding skilled labor still poses challenges, according to a third-quarter survey released on Monday. More »
Britain's manufacturing output expanded at the strongest pace this year in July, but there was little sign of improvement in the trade deficit despite sterling's sharp fall since last year's Brexit vote. More »
Australian construction spending boasted its biggest rise on record last quarter as miners splashed out on major engineering projects, a surprise that could lift economic growth well above initial expectations. More »
FILE PHOTO: Workers chat outside a construction site in Beijing’s central business district, December 29, 2014. REUTERS/Jason Lee/File Photo China’s economy generally remained on solid footing in May, but tighter monetary policy, a cooling housing market and s... More »
People carry bags outside a shopping mall on the last day of Christmas shopping in Berlin December 23, 2014. REUTERS/Hannibal Hanschke The German economy quadrupled its growth rate to 0.4 percent in the fourth quarter of 2016 as higher state spending, rising p... More »
Workers walk to work during the morning rush hour in the financial district of Canary Wharf in London, Britain, January 26, 2017. REUTERS/Eddie Keogh Britain’s economy accelerated at the end of 2016 but growth for the whole year was weaker than previously thou... More »
