The IFO's headline series on the business climate in Germany's manufacturing, construction and trade industries continues to erode. Since April of this year the diffusion index, which measures the excess of optimists over pessimists, [...]
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Global| Sep 25 2007German Business Confidence Continues to Erode
- Global| Sep 24 2007
No Surprise:Manufacturing New Orders for the Total Euro Area Decline
The July weakness in manufacturing new orders for the entire Euro Area is hardly a surprise. Earlier releases of data on new orders for several of the member countries were pointing in this direction. The index of new orders for [...]
- Global| Sep 18 2007
ĀPessimism Grows in the German Financial Community: Zew Measure Falls to -18.1ĀĀĀĀ
The ZEW indicator of expectations for the outlook six months ahead among institutional investors and analysts fell to -18.1% in September from -6.9% in August. This is the second month in which pessimists outnumbered optimists and is [...]
- Global| Sep 17 2007
Baltic Current Account Deficits in the Stratosphere
The current account deficits in the three Baltic countries, Estonia, Latvia and Lithuania have sky rocketed in the last year or so. In the first quarter of this year, Lithuania reported that its current account deficit as a percent of [...]
- Global| Sep 11 2007
China Wraps up a near Record Total Trade Surplus and Record Surpluses with the U.S. and Europe
China's trade surplus rose to $24,974 million in August. the second highest on record. The trade surplus with the United States was $15,003 million and that was an all time high. The total surplus and that with the U.S. are shown in [...]
- Global| Sep 10 2007
ĀJapan's Revised Q2 GDP Declines 1.2% (SAAR): ĀEconomy Watchers Wary ĀĀ
Revised data for Japan's second quarter GDP revealed a 1.2% seasonally adjusted rate of decline, in contrast to a 0.5% increase estimated earlier and a consensus of a 0.7% decline. The main culprit in the decline was a sharp drop in [...]
- Global| Sep 04 2007
Slovakia Continues its Fast Pace of Growth: Difference Between Eurostat and Country Sourced Data
The economy of Slovakia grew 9.4% at an annual rate in the second quarter of this year according to Eurostat data (J936GDPT@EUROSTAT), and 7.52% according to the country sourced data (F936NGPC@EMERGECW). The first chart shows the [...]
The results of the IFO August survey of the opinions of industrialists, wholesalers and retail traders show that while business is slightly more confident about the current situation, it is somewhat less confident about the six [...]
The results of the IFO August survey of the opinions of industrialists, wholesalers and retail traders show that while business is slightly more confident about the current situation, it is somewhat less confident about the six [...]
- Global| Aug 27 2007
China's Trade Balance Dips in July but Is Still Third Highest on Record
China's trade surplus declined by $2,426 million from June to $23,294 million in July, but it was still the third highest on record. Exports were up by $6,894 million but imports rose by $9,320 million. Data on the trade balance, [...]
- Global| Aug 21 2007
Market Turmoil Shakes Confidence of German Investors and Analysts
The ZEW indicator of confidence among German institutional investors and analysts showed that pessimists outweighed optimists by 6.9% in August. In July, optimists outweighed pessimists by 10.9% in July. The decline of 17.3 percentage [...]
- Global| Aug 20 2007
Contrasting Balance of Payments for Greece and Taiwan
Among the Haver updates released today were balance of payments data for Greece and Taiwan. The two countries have very different balances of payments. Greece traditionally runs a deficit on current account while Taiwan runs a [...]
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