(Reuters) – British retail sales unexpectedly fell in January hurt by heavy snow, reviving worries that the economy may be slipping into a third recession since the onset of the financial crisis.
Sales volumes slipped 0.6 percent in both monthly and annual terms, the Office for National Statistics...
New UK car registrations rose more than 5% in 2012, an increase that has taken the annual volume to its highest level since 2008.
More than two million vehicles were registered, which is the largest recorded increase since 2001.
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MADRID — Spanish Prime Minister Mariano Rajoy warned Friday of a “very tough” year ahead for the recession-struck economy but said he hoped for an improvement in the second half of 2013.
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Manufacturing slumped in October exacerbating fears that Britain is on the verge of a “triple-dip” recession.
Output fell by 1.3% on the previous month, the fastest pace of decline since June when production was disrupted by extra public holidays.
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Hopes that the economy has emerged from the double-dip recession were boosted as a survey showed an improvement in the outlook for manufacturers.
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There was a surprise increase in consumer confidence this month, in spite of the double-dip recession and mounting fears over the fate of the Eurozone, a new survey has revealed.
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Unemployment in the 17 countries that use the euro has reached a record high, reflecting the strength of the eurozone’s spreading recession.
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(Reuters) – The economy has fallen into its second recession since the financial crisis after a shock contraction at the start of 2012, heaping pressure on Prime Minister David Cameron’s government as it reels from a series of political missteps.
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BRUSSELS — Eurozone unemployment jumped to an all-time high in February, hitting southern nations the hardest as the social toll from the debt crisis grips the 17-nation bloc, official figures showed Monday.
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The Republic of Ireland fell back into recession in the last three months of 2011, official figures have shown.
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