According to Flash Estimates, growth in the Euro Area slowed more than expected in the second quarter to a rate of 0.3% from 0.7% in the first quarter.Consensus estimates suggested a rate of 0.5%. While details of the composition of [...]
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Global| Aug 14 2007European GDP Growth Slows More Than Expected
- Global| Aug 14 2007
European GDP Growth Slows More Than Expected
According to Flash Estimates, growth in the Euro Area slowed more than expected in the second quarter to a rate of 0.3% from 0.7% in the first quarter.Consensus estimates suggested a rate of 0.5%. While details of the composition of [...]
- Global| Aug 13 2007
Japan: Will the BOJ Raise Rates in the Face of a Bigger than Expected Drop in Real GDP and Only Little Progress on [...]
On July 12, Toshihiko Fukui, Governor of the Bank of Japan said that slow growth in the second quarter would not determine the outcome of the August 22 and 23 monetary policy meeting. However, the unexpectedly big slowdown in real [...]
- Global| Aug 13 2007
Japan: Will the BOJ Raise Rates in the Face of a Bigger than Expected Drop in Real GDP and Only Little Progress on [...]
On July 12, Toshihiko Fukui, Governor of the Bank of Japan said that slow growth in the second quarter would not determine the outcome of the August 22 and 23 monetary policy meeting. However, the unexpectedly big slowdown in real [...]
- Global| Aug 07 2007
Business Confidence in the Euro Area Falls in July but Is Still Healthy
A number of Euro Area countries have reported wavering business confidence in July. Today, France's INSEE (Institute National de la Statistiques et des Etudes Economiques) released its measure of business confidence for the area as a [...]
- Global| Aug 06 2007
June manufacturing New Orders in Germany Rise Sharply While Sales Show a Small Decline
German new orders for manufacturing in nominal terms rose 4.65% in June from May. This was the largest month to month rise since December, 2004. The rise was due almost entirely to a rise in foreign orders, which rose 8.90% from May [...]
- Global| Aug 06 2007
June manufacturing New Orders in Germany Rise Sharply While Sales Show a Small Decline
German new orders for manufacturing in nominal terms rose 4.65% in June from May. This was the largest month to month rise since December, 2004. The rise was due almost entirely to a rise in foreign orders, which rose 8.90% from May [...]
- Global| Jul 17 2007
Confidence Among the German Financial Community Weakens in July
The July ZEW survey of German institutional investors and analysts revealed a sharp deterioration in the excess of those who see improvement in the economic outlook six months ahead and those who see worsening conditions. The excess [...]
- Global| Jul 16 2007
Favorable Trends in the Philippine Balance of Payments
The Central Bank of the Philippines announced today that the "overall balance of payments" for June amounted to $834 million, $169 million above May and $602 million above June of last year. The overall balance of payments is defined [...]
- Global| Jul 10 2007
China's Trade Surplus Continues to Climb
China's trade surplus was a record $26.9 billion in June, an increase of $9.5 billion from May and $12.4 billion from June, 2006. For the first half of this year the surplus was $112.7 billion almost twice the size of the surplus in [...]
- Global| Jul 09 2007
Germany's Trade Balance Improves in May: Exports to Asia and the U.S. Still below Peak Levels
Germany's trade balance increased by 1.72 billion euros in May from April. Although exports declined by 0.56 billion euros, imports declined even more--2.28 billion euros. Exports reached a peak of 80.79 billion euros in October 2006. [...]
- Global| Jul 03 2007
Unemployment Rates in the European Union: Developed Vs. Emerging Countries
The unemployment rates for both the twenty-seven countries in the Euro Union and the thirteen countries in the subdivision--the Euro Area--declined to 7.0% in May from 7.1% in April. These rates are shown in the first chart. The [...]
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