Kazuo Momma, head of Research and Statistics at the Bank of Japan, commented in a recent speech that the Japanese economy may have declined at an "unimaginable speed" in the fourth quarter of last year. Estimates of a seasonally [...]
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Louise Curley
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- Global| Feb 09 2009
Economic Activity in Japan Speeds Downhill in Q4
- Global| Feb 02 2009
South Korean Exports Plummet: Sharp Fall in Exports to Pacific Rim
South Korea announced today that its January exports fell 32.7% below a year ago, the largest year to year percentage decline on record. Except for September 2007, when exports fell 1.1%, Korea's exports have shown double digit year [...]
- Global| Jan 26 2009
Deterioration in World Trade Continues: the News from Sweden
Last week, Robert Brusca noted how the global slowdown was affecting international trade by citing Italy's trade data. Further evidence of the decline in world trade became available today with the release of December trade data for [...]
- Global| Jan 20 2009
Germany's Zew Indicators: Expectations Less Pessimistic Current Conditions Continue To Worsen
Germany's ZEW indicator of expectations of economic conditions* six months ahead improved for the third month in a row in January. It is, however, still negative at -31%, and well below its long term average of a positive 26.5%. The [...]
- Global| Jan 19 2009
Japanese Mining and Manufacturing Producers in a Free Fall in November
The seasonally adjusted index of industrial production in Japan fell 8.5% in November from October, the largest one-month decline in the entire history of the index that began in January 1953. (See the first chart.) Mining and [...]
- Global| Jan 19 2009
Japanese Mining and ManufacturingProducers in a Free Fall in November
The seasonally adjusted index of industrial production in Japan fell 8.5% in November from October, the largest one-month decline in the entire history of the index that began in January 1953. (See the first chart.) Mining and [...]
- Global| Jan 13 2009
Grim News from the UK
The British Chamber of Commerce's economic survey conducted in the fourth quarter of 2008 showed an economy losing ground at an alarming rate. The survey collects the opinions of manufacturers and service providers on the state of a [...]
- Global| Jan 12 2009
Industrial Production: India, China, South Korea
India is the latest Asian country to report industrial production for November of last year. Contrary to expectations, industrial production in India, rose in November from 261.7 in October to 267.2 (Fiscal year beginning [...]
- Global| Jan 06 2009
Decline in Production and Lower Inflation in Brazil: A Reduction in the Target Rate (Selic)?
On a seasonally adjusted basis, industrial production in Brazil fell 5.2% in November from October, following a 2.8% decline in October from September. The November decline is one of the largest month to month declines on record. On a [...]
- Global| Jan 05 2009
More Evidence of Declining Inflation
Among the data released today were the Consumer Price Indexes in December for a number of countries--Spain and Italy in Europe and Indonesia, Thailand and Taiwan in Asia. The year to year percentage changes in the indexes show that [...]
- Global| Dec 30 2008
Trouble in the Baltic States
The small Baltic states, Estonia with a population of 1.34 million, Latvia with 2.26 million and Lithuania with 3.36 million have been hit hard by the world financial crisis. GDP in Lithuania grew 2.95% in the third quarter from the [...]
- Global| Dec 29 2008
UK House Prices Continue to Fall, Sales Harder to Make, Equity Withdrawals Turn Negative
The results of the December Hometrack Survey of real estate agents in England and Wales regarding the prices at which houses are being sold and the ease or difficulty in making sales was released today. The year to year decline in [...]
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