There was some good news for the U.K. in the latest Confederation of Business Industries (CBI) Survey of the Distributive Trades. More respondents reported increases in retail sales over a year ago than those reporting decreases. [...]
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Louise Curley
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Global| Apr 28 2009South Korea's GDP Increases in Q1 09, but is Still at Recession Levels
Although South Korea's real Gross Domestic Product improved slightly in the first quarter of this year, the economy is still in recession. GDP rose 0.21% at a seasonally adjusted annual rate (saar) in the first quarter of 2009, but it [...]
- Global| Apr 21 2009
Optimists Exceed Pessimists Among German Investors And Analysts For The First Time Since July 2007
For the first time since July 2007 when wind of the sub prime mortgage crisis in the United States began to surface, there were more optimists than pessimists among German analysts and institutional investors regarding the outlook six [...]
The effect of the recession in the western industrial countries on the export oriented countries in Asia becomes more apparent every day. Today it is Singapore's turn. Advance estimates of Singapore's first quarter Gross Domestic [...]
- Global| Apr 13 2009
China's March Exports Up Close to 40%: Imports Up 20%
China is one of the earliest countries to report March trade data. On a seasonally unadjusted basis exports were up 39.1% in March after falling for five successive months. Exports are still 17% below the year ago figure, but that is [...]
- Global| Apr 07 2009
News from Australia and New Zealand
The Bank of Australia reduced its benchmark interest rate from 3.25% to 3.00% today. This marks a 525 basis point reduction from the 8.25% rate in June, 2008. Growth in the Australian economy virtually came to a halt in the third [...]
- Global| Apr 06 2009
Retail Sales Continue To Fall In The Euro Area
The value of retail sales excluding motor vehicles and motorcycles in the Euro Area had risen each month since the series began in 1995 until September of last year. (In the Euro Area, retail sales, excluding motor vehicles and [...]
- Global| Mar 31 2009
Turkey -- Another Emerging Economy Reports A Dismal 4Th Quarter Gross Domestic Product
Fourth quarter Turkish Gross Domestic Product, released today, declined on a seasonally adjusted basis 4.9% from the third quarter continuing the declines of 3.6% and 1.7% in the second and third quarters, respectively. For the year [...]
- Global| Mar 30 2009
Has Japanese Industrial Production Bottomed?
The Japanese index of industrial production in manufacturing continued to fall sharply in February. The index with base 2005=100 was 68.8 down 9.5% from January and 27.8% below February, 2007. Manufacturing production is now at levels [...]
- Global| Mar 24 2009
Confidence Among French Manufacturers Stays at Record Low Levels
Confidence among French manufacturers in March remained at the all time low of 68 recorded in February, as can be seen in the first chart that shows the historical record of the series. (INSEE, the National Institute of Statistics and [...]
- Global| Mar 23 2009
Shrinking World Trade: Evidence From Euro Area
World trade began to decelerate early in 2008 reflecting the impact of the world wide slow down, but did not actually decline until November, the latest data available in Haver's IFS (International Monetary Fund Data) database. As [...]
- Global| Mar 17 2009
ZEW Survey: German Finance Types More Pessimistic On Current Conditions, Less Pessimistic On Expectations
The German investors and analysts who participated in the ZEW survey conducted between March 2 and March 16, were slightly less pessimistic about expectations six months ahead and slightly more pessimistic about current conditions. [...]
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