Consumer and industrial confidence in the Euro Area increased slightly in February, the first increase since February of a year ago. Most probably the increases were due to the agreement on the terms of a program of debt restructuring [...]
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Louise Curley
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Global| Feb 28 2012A Slight Improvement in Sentiment in the Euro-Area
- Global| Feb 27 2012
A Note on the Bank of Korea's Survey of Business Conditions Index
The March survey of business conditions surveyed by the Bank of Korea shows improvement from 78 in January to 80 in February in actual conditions in Korean manufacturing industry and from 81 in February to 84 in March in what is [...]
- Global| Feb 21 2012
Thailand: The Floods and the Fourth Quarter GDP
The devastating floods in Thailand towards the end of last year led to an 11% drop in the fourth quarter GDP, by far the largest quarterly drop in real GDP on record. The dramatic fall is depicted in the first chart. All facets of the [...]
- Global| Feb 20 2012
Japan's Trade Deficit -- The Bank of Japan to the Rescue
Japan recorded a trade deficit of 2,496 billion yen ($19.8 billion at today's exchange rate of 79.44 yen to the dollar) in 2011, the first annual deficit since 1980. Trade continued to decline and, in January, Japan recorded the [...]
- Global| Feb 14 2012
German Investors And Analyst Turn Positive: Greek Debt Agreement The Reason?
German investors and analysts interviewed over the period from January 30 to February 13, 2012 by the ZEW Institute in Mannheim, Germany, became more optimistic. From an excess of pessimists of 21.5% in January there was an excess of [...]
- Global| Feb 13 2012
Japan's Q4-11 Gross Domestic Product Disappoints
The preliminary estimate of a 3.0 billion annual rate decline in chained 2005 yen(-2.3% annual rate) in Japan's fourth quarter gross domestic product from the third quarter was greater than expected. During the quarter private and [...]
- Global| Feb 07 2012
German Upcoming Wage Negotiations
The German IG Metall Union announced today that it would seek a 6.5% wage rise for its members for the coming year beginning April 1st. While a 6.5% wage increase seems unrealistic in the face of a slowing economy, it should be noted [...]
- Global| Feb 06 2012
Housing Prices In The UK
Halifax house price data in the U. K. were released today. Halifax provides data on house prices in index form (1993=00) and in value in pounds both a national and regional base. The national data include prices for new buyers and for [...]
- Global| Jan 31 2012
China's Trade Surplus Continues Its Slow Decline
China's trade balance declined by $29,544 million from $177,819 in 2010 to $148.275 in 2011. The trend in the trade surplus has been slightly downwards since global trade recovered after the financial crisis of 2008. Imports into [...]
- Global| Jan 30 2012
Japan's 2011 Trade Balance: First Deficit Since 1980
Last year ended with Japan reporting its first calendar year deficit on trade in goods since 1980.(See the first Chart.) Trade was distorted by a severe earthquake and tsunami in March. Plants and equipment were destroyed and [...]
- Global| Jan 24 2012
January Flash PMIs Raise Hopes for a Better Economy in the Euro Area in the First Quarter of 2012
The January "Flash" estimates of the Purchasing Managers' diffusion indexes for the Euro Area continued the increases that began at the end of last year. The Composite index was up 2.7 points to 50.4, the first time the index was in [...]
- Global| Jan 23 2012
French Business Climate Indicators Pointing to Recession
France's overall business climate indicator continued its downward path in January. The measure is so designed that it's long term average is 100.& It declined to 91 in January from 92 in December and was 14.15% below a year ago. The [...]
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