The Bank of England is watching closely how quickly prices pick up as it tries to gauge the likely impact on spending by consumers

British inflation rose more strongly than expected in December to hit its highest level since mid-2014. The rise is accounted for by the fall in the v(...)

“There’s good PMI news as the composite index rose to its highest level since December of last year, driven by both manufacturing and services.” Photograph: Giuseppe Aresu/Bloomberg News

Business activity in the euro zone has expanded at the fastest pace this year so far in October, as a buoyant Germany offset the impact from firms rai(...)

Bank of England governor Mark Carney: the bank is expected to cut interest rates on Thursday for the first time in seven years

The Bank of England is expected to cut interest rates on Thursday for the first time in seven years following confirmation of the sharpest slowdown in(...)

The PMI for Britain’s services sector fell to 47.4 in July from 52.3 in June, the steepest drop since records began in 1996 and the worst reading since March 2009. Photograph: Chris Radburn/PA Wire

Britain’s economy appears to be shrinking at the fastest rate since the financial crisis in the wake of last month’s Brexit vote, according to a busin(...)

Chairman of eurogroup Jeroen Dijsselbloem speaks during a meeting of the Eurozone finance ministers

The eurozone economy underwent a slowdown in May as new business growth slid to its lowest level since January 2015. The latest figures from Markit’s(...)

Nigel Farage (left), Britain’s UK Independence Party (UKIP) leader and European Commission President Jean Claude Juncker (right) take part in a plenary session at the European Parliament on the outcome of the “Brexit” summit, in Brussels last month. Photograph: Yves Herman/ Reuters

Global business growth slowed last month as services from Asia to Europe reported waning demand and little or no inflationary pressure, suggesting mor(...)

An electronic screen displays Mario Draghi, president of the European Central Bank (ECB), as he speaks during a panel session at the World Economic Forum (WEF) in Davos, Switzerland. Photographer: Matthew Lloyd/Bloomberg

Private-sector growth in the euro area slowed to the weakest in almost a year as volatility in financial markets highlighted risks to economic growth,(...)

A Purchasing Managers’ Index for manufacturing and services unexpectedly rose to 54.3 in December from 54.2 in November. Photo: PA Wire

The euro area has entered a year of solid economic growth that may see companies expanding capacity to meet increasing demand, Markit Economics said. (...)

A man works at the assembly line in the truck production plant of truck and bus-maker MAN AG in Munich, Germany

Euro zone business growth accelerated slightly in November, but with firms cutting prices again the improvement will do little to alter expectations o(...)

Growth in Germany’s private sector accelerated in November, a survey showed on Monday, suggesting Europe’s biggest economy is defying worries over a slowdown in China and the emissions scandal at car maker Volkswagen. Photo: Bloomberg

Growth in Germany’s private sector accelerated in November, a survey showed on Monday, suggesting Europe’s biggest economy is defying worries over a s(...)

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