Employment, typically a lagging indicator, declined for the second quarter in the Euro Area. The decline was 453,000 after a decline of 215, 000 in the third quarter. In the United States, comparable figures were declines of 1,261,000 [...]
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Global| Mar 16 2009Employment In The Euro Area
- Global| Mar 10 2009
Foreign Trade in France and Germany: Casualties of the Recession
Country after country has been reporting declines in its foreign trade. Imports are down as a result of falling incomes at home, and exports are down as a result of falling incomes abroad. Today France reported a 6.7% decline in [...]
- Global| Mar 09 2009
Japan Starts 2009 with a Current Account Deficit
Japan recorded a current account deficit in January of $172.8 billion yen, due largely to the collapse in exports. Exports of goods declined by 1309.6 billion yen in January and were 2830.6 billion yen below a year ago. Imports [...]
- Global| Mar 09 2009
Japan Starts 2009 with a CurrentAccount Deficit
Japan recorded a current account deficit in January of $172.8 billion yen, due largely to the collapse in exports. Exports of goods declined by 1309.6 billion yen in January and were 2830.6 billion yen below a year ago. Imports [...]
- Global| Mar 04 2009
Australia's Central Bank Takes A Breather: Economy Responding To Monetary And Fiscal Stimulus
The Australian Central Bank kept its benchmark interest rate at 3.25% today after reductions of 400 basis points over the last seven months, as shown in the first chart. Governor Glenn Stevens, in announcing the decision, remarked [...]
- Global| Mar 02 2009
South Korea: Industrial Production Improves a Bit; Exports in Won Rise, but in USD, Fall
Industrial production in South Korea increased 1.35% in January, the first increase in four months. However, compared to a year ago, the unadjusted index is down some 25%. Production of motor vehicles continues to be the biggest drag [...]
- Global| Feb 24 2009
German IFO Survey Shows Little Change in the Dismal Appraisal of the Business Climate
The latest release of the IFO survey of German entrepreneurs engaged in industry and trade shows little change in their dismal appraisal of the business climate. The overall business climate indicator declined from 83.0 (2000=100) in [...]
- Global| Feb 23 2009
Can The Baltic States Hold Their Currency Pegs?
The Baltic States--Estonia, Latvia and Lithuania--have, in recent years, pegged their currencies to the euro. Until recently, this arrangement had proved economically satisfactory to the three nations. However, as the deterioration in [...]
- Global| Feb 17 2009
German Investors Begin To See A Ray Of Hope For The Economy
While German investors continue to see current economic conditions getting worse, they have begun to be less negative on the outlook. The German government has approved an 80 billion euro ($102 billion) stimulus program to be spent [...]
- Global| Feb 16 2009
Data Confirm Worst Fears Of Rapid Decline In Japanese Economy
The Cabinet office's first estimate of Gross Domestic Product for the fourth quarter of 2008 revealed today that Japan's GDP declined at a seasonally adjusted annual rate of 12.7%, a full percent above consensus, confirming Kazuo [...]
- Global| Feb 16 2009
Data Confirm Worst Fears Of Rapid Decline In Japanese Economy
The Cabinet office's first estimate of Gross Domestic Product for the fourth quarter of 2008 revealed today that Japan's GDP declined at a seasonally adjusted annual rate of 12.7%, a full percent above consensus, confirming Kazuo [...]
- Global| Feb 10 2009
Sweden's Activity Index Points to a 5% + Annual Rate of Decline in Fourth Quarter GDP
Sweden's Activity Index, published today is a monthly indicator of Gross Domestic Product. It is derived from a regression based on movements in industrial production, the number of hours worked by employees in the government sector, [...]
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