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Top StoriesLending, Sentiment Data Bolster Euro Zone Recovery Narrative
InvestingSpain’s Industrial Prices Fall 5.2% Year-On-Year in September
BusinessUK Business Sentiment Drops, Adding Pressure on Reeves Before Budget
FinanceWidening U.S. Fiscal Deficit a Growing Worry, Says Scope Ratings
IMF Says UK Should Shield Investment While Curbing Debt
Date: October 24, 2024
By David Lawder and David Milliken WASHINGTON (Reuters) -Britain should bring public debt under control in a way that preserves public investment, a top official at the International Monetary Fund said on Wednesday as finance minister Rachel Reeves prepares for her first budget next week. IMF Fiscal Affairs Director Vitor Gaspar said he welcomed...
Euro Zone Consumer Confidence Rises to -12.5 in October
Date: October 24, 2024
(Reuters) – Euro zone consumer confidence rose by 0.4 points in October from the September number, figures released on Wednesday showed. The European Commission said a flash estimate showed euro zone consumer morale improved to -12.5 this month from -12.9 in September. Economists polled by Reuters had expected a rise to -12.5. In the...
German Tax Revenue Rose 6.9% in September
Date: October 22, 2024
BERLIN (Reuters) – Germany’s federal and state governments’ tax revenues rose 6.9% in September compared with the same month last year, the finance ministry said on Tuesday. The federal and state governments’ tax revenue reached a total of 86.2 billion euros ($93.54 billion) last month, according to the ministry’s monthly report. This follows a...
German Producer Prices Fall More Than Expected in September
Date: October 21, 2024
BERLIN (Reuters) – German producer prices fell more than expected in September, declining 1.4% year on year, due mainly to significantly lower energy prices, the federal statistics office said on Monday. Analysts polled by Reuters had expected a 1.0% decline. The main reason for the dip was lower energy prices, which were 6.6% lower...
Hungary Seeks Housing Boost From Pensions Ahead of 2026 Election
Date: October 15, 2024
By Gergely Szakacs BUDAPEST (Reuters) -Hungary’s economy ministry proposed on Monday that savings in private pension accounts can be used tax-free for housing purposes as a one-off measure next year as part of wider efforts to boost the economy ahead of a 2026 parliamentary election. In power since 2010, Prime Minister Viktor Orban has...
UK Economy Returns to Growth in August After Two Months of Stagnation
Date: October 11, 2024
By Suban Abdulla and Andy Bruce LONDON (Reuters) -Britain’s economy grew in August after two consecutive months of stagnation, providing some relief to finance minister Rachel Reeves ahead of the new Labour government’s first budget later this month. Economic output rose by 0.2% in monthly terms in August, according to figures from the Office for...