China’s official PMI hits 20-month high in Dec

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China's manufacturing sector steamed ahead in December as strong rises in new orders and output drove a key economic survey to a 20-month high. The official purchasing managers' index (PMI) jumped to 56.6 in December from 55.2 in the previous month, the China Federation of Logistics and Purchasi...

U.S. Jobless Claims Unexpectedly Decline to Lowest Level Since July 2008

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Fewer Americans than anticipated filed claims for unemployment benefits last week, pointing to an improvement in the labor market that will help sustain economic growth next year. Initial jobless claims fell by 22,000 to 432,000 in the week ended Dec. 26, the lowest level since July 2008, Labor ...

House prices rise by 5.9% in 2009, says Nationwide

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UK house prices rose by 5.9% in 2009, making some recovery from the massive falls seen last year, the Nationwide building society has said. The rise in prices seen this year compares with a sharp fall of 15.9% in 2008, Nationwide said. The average cost of a home went up for the eighth month i...

UK Nationwide Dec House Price y/y Rise Largest Since Nov’07

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UK house price inflation in December rose to its highest level since November 2007, with house prices up 5.9% on a year ago, according to the Nationwide survey. In the Nationwide series, house prices in December were 12.2% down from their October 2007 peak, have reached their trough at down 21.1...

Bank Lending in Australia Gains 0.1% in November on Economic Rebound

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Australian bank lending rose in November, adding to signs of economic rebound. Loans provided by banks and other finance companies advanced 0.1 percent from October, when they declined a revised 0.1 percent, the Reserve Bank of Australia said in Sydney today. The median estimate of 15 economists...

Australia Private Sector Credit Up 0.1% In November

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The value of credit extended to private sector recipients in Australia increased 0.1 percent in November compared to October, the Reserve Bank of Australia reported Thursday. Compared to one year earlier, credit was up 0.8 percent. The figures are seasonally adjusted The RBA said credit to ...

ISM-Chi Business Survey Text: 3rd Month of Expansion

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The following are excerpts from the text of the ISM-Chicago Business Survey Chicago Report, published Wednesday: NOTE: At the end of each year, seasonal factors are re-estimated, and subsequently seasonally adjusted data is re-calculated. This annual recalculation is separate from this monthly da...

U.S. Business Gauge Climbs to Highest Level Since ‘06 as Companies Expand

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Companies in the U.S. expanded more than anticipated in December as orders and employment grew. The Institute for Supply Management-Chicago Inc. said today its business barometer rose to 60, the highest level since January 2006, from 56.1 in November. Readings above 50 signal expansion. Fuel...

Land Registry: UK House Prices Up 0.9% m/m In Nov

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UK house prices posted a 0.9% monthly rise in November, to stand down just 0.3% on the year, according to Land Registry data. The annual fall in prices was the smallest since house prices first started their declines from mid-2008. The last time that prices rose on the year was in May last year....

US Midwest business jumps in December-Chicago PMI

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Business activity in the U.S. Midwest expanded far more than expected in December, according to a report released on Wednesday that is likely to boost optimism in the economic recovery. Bonds The Institute for Supply Management-Chicago business barometer rose to 60.0 from 56.1 in November. ...
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