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The Chinese cabinet has urged the local governments and state departments to implement the planned economic reforms and restructuring measures to help the economy recover from the recent lull. In a statement released after a meeting called by Premier Li Keqiang on Friday, the cabinet, also known as the State Council, said that the foundation for China's economic rebound is not yet strong.
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House prices in the U.K. rebounded in October after two consecutive declines as prices in London hit a new record high after summer recess, a survey by Rightmove revealed Monday. Average property asking prices in the U.K. rose 2.8 percent month-on-month to GBP 252,418 in October as prices returned to a growth trend with the onset of autumn. Prices fell 1.5 percent in September.
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Existing home sales in the U.S. pulled back in the month of September after reaching their highest level in nearly four years, according to a report released by the National Association of Realtors on Monday. NAR said existing home sales fell 1.9 percent to a seasonally adjusted annual rate of 5.29 million in September from a downwardly revised 5.39 million in August.
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Existing home sales in the U.S. pulled back in the month of September after reaching their highest level in nearly four years, according to a report released by the National Association of Realtors on Monday.
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China will on Tuesday see September results for the leading and coincident indexes from the Conference Board, highlighting a light day for Asia-Pacific economic activity.
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Reaping benefits of strong recovery, the U.K. budget deficit narrowed more than forecast in September, substantially raising the possibility of the government undershooting the fiscal target in 2013/14. As growth in revenue exceeded the increase in expenditure, the budget deficit narrowed to GBP 11.1 billion in September from GBP 12.1 billion seen in the corresponding period of last year.
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Employment in the U.S. increased by much less than expected in the month of September, according to a report released by the Labor Department on Tuesday. The report said non-farm payroll employment increased by 148,000 jobs in September compared to economist estimates for an increase of about 180,000 jobs.
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Consumer prices in Australia climbed 1.2 percent in the third quarter of 2013 compared to the previous three months, the Australian Bureau of Statistics said on Wednesday. That was higher than forecasts for an increase of 0.8 percent following the 0.4 percent gain in the second quarter. On a yearly basis, consumer prices were up 2.2 percent - also exceeding expectations for 1.8 percent after gaining 2.4 percent in the previous three months.
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Consumer prices in Australia were up 1.2 percent in the third quarter of 2013 compared to the previous three months, the Australian Bureau of Statistics said on Wednesday.
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Confidence among French manufacturers improved slightly in October, reflecting better assessment of recent business activity and a further improvement in order books, reinforcing expectations that the economic recovery would continue in the third quarter.
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