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British consumer sentiment reached its highest level in nearly six years in September as households turned more confident about the economy achieving sustainable growth, a survey by market research group GfK showed Friday. The headline consumer confidence index rose to -10 in September, the highest reading since November 2007, from -13 in August. The index topped the -11 forecast by economists.
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Personal income and spending in the U.S. both rose in line with economist estimates in the month of August, according to a report released by the Commerce Department on Friday. The report said personal income rose by 0.4 percent in August following an upwardly revised 0.2 percent increase in July.
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Thomson Reuters and the University of Michigan released a report on Friday showing an upward revision to their reading on U.S. consumer sentiment in the month of September, although the index still pointed to a deterioration in sentiment compared the previous month.
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Japan is scheduled to release a raft of data on Monday, highlighting a busy day in Asia-Pacific economic news. On tap are August numbers for industrial production, retail sales, vehicle production, housing starts and construction orders, as well as September results for the Nomura Manufacturing Purchasing Managers Index.
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Total private sector credit in Australia was up 0.3 percent in August compared to the previous month, the Reserve Bank of Australia said on Monday.
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An index measuring business confidence came in with a score of 54.1 for September, the ANZ business outlook revealed on Monday - touching a five-year high.
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An indicator of manufacturing activity in China increased less than previously estimated in September, final outcome of a survey by HSBC and Markit Economics revealed Monday. The latest result signaled only a modest improvement in operating conditions from August. The headline purchasing managers' index edged up to 50.2 in September from 50.1 in August, according to the newest estimate.
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Eurozone inflation slowed more-than-expected to the lowest since early 2010 in September due to a notable fall in energy prices, giving ample room for the central bank to undertake growth-oriented measures to fortify nascent recovery. Inflation in the euro area slowed to 1.1 percent, the lowest since February 2010, from 1.3 percent in August, preliminary data from Eurostat showed Monday.
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The Bank of Japan will on Tuesday release the results of its quarterly Tankan survey that measures business sentiment, highlighting a busy day for Asia-Pacific economic activity.
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Chinese manufacturing activity expanded at a slightly faster rate in September, with business activity across the sector seeing a modest pick up, a survey by the China Federation of Logistics and Purchasing, or CFLP, and the National Bureau of Statistics showed Tuesday. The headline purchasing managers' index, or PMI, rose to 51.1 in September from 51 in August.
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