According to the advance gross domestic product (GDP) figures released by the Bureau of Economic Analysis (BEA), the US economy expanded at an annual pace of 2.3 percent in the first quarter of this year
Business activity in the United Kingdom’s manufacturing sector continued to slip in April, after peaking in November of last year. The weakening in manufacturing activity was led by multiple factors, including a decline in business optimism
The IHS Markit Eurozone Manufacturing PMI (Purchasing Managers’ Index) came in at 56.2 for April, below the 56.6 reported in March and higher than the flash estimate reading at 56.
The three major indices in the United States are generally characterised as the S&P 500, the Dow Jones Industrial Average (DJIA) and tech index NASDAQ.
Consumer price inflation has remained a concern both in the eurozone and the United Kingdom. While in the UK, inflation has been lingering at the 3-percent mark for the last few months after climbing to 3.1 percent in November of last year
Volatility has made its return to the United States’ stock market, albeit not the way bullish investors would like. A recent decline in the US equities market erased the gains of many weeks in a matter of days in both the Dow Jones Industrial Average and the S&P 500 indices.
Economic activity in the US manufacturing sector expanded to 59.1 in January, with the sector growing for the 105th month in a row, according to the Institute for Supply Management (ISM). The January numbers were, however, slightly below the seasonally adjusted 59.3 reported in December.
The realty sector in the United States witnessed phenomenal growth in 2017, largely on the back of an increase in the labour market, which saw unemployment sliding to multi-year lows.
The United States was among the best-performing economies globally in 2017, not only leading most of the G-8 countries in terms of economic growth last year, but it is also the frontrunner as analysts look forward to the country’s economy expanding at a faster rate in the year ahead.
The seasonally adjusted jobless rate in the United Kingdom declined to 4.3 percent in the June-August quarter, the lowest since 1975 and slipping from close to 5 percent from the period a year earlier, according to the Office for National Statistics (ONS)