Tuesday, 30 September 2014

US consumer spending rises, eurozone economic sentiment falls

There were mixed data on the US economy on Monday. US consumer spending rose 0.5 percent in August and income rose 0.3 percent. However, pending home sales fell 1.0 percent in August.

In the euro area, the European Commission reported on Monday that its economic sentiment indicator for the region fell to 99.9 in September from 100.6 in August.

In the UK, data on Monday showed that mortgage approvals fell to 64,212 in August from 66,100 in July, lending to non-financial businesses increased by 817 million pounds last month and unsecured lending to consumers rose by 898 million pounds. A GfK report on Tuesday showed that its UK consumer confidence index fell to -1 in September from +1 in August.

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