The macroeconomic picture keeps worsening by day in the euro area and from the start of the fourth quarter the signals are not looking good at all. The focus in the market remains on the euro area and the debt crisis, especially after Papandreou was summoned for talks with leaders Read More German Labor Market [...]
Manufacturing activity in China contracted for the third straight month in September, early data released on Thursday showed, as turbulence in the United States and Europe hurt demand for exports. Read More China manufacturing contracts, hit by US, eurozone woes
European manufacturing recorded contraction of 49.0 compared with July’s expansion of 50.4 and media forecasts of contraction to 49.7, according to PMI final reading gauge, adding to woes that recovery is loosing momentum. <hr id="system-readmore" / European Manufacturing Contracts More Than Expected In August, Providing Clues Recovery Is Losing Momentum European manufacturing recorded Read More [...]
The Canadian dollar fell sharply against all of its major counterparts today, following the unexpected negative GDP report.(…)Read the rest of Loonie Declines as Economy Contracts (134 words) Posted on Forex News. Read More Loonie Declines as Economy Contracts
UK GDP for the fourth quarter was revised to the upside to show that the British economy unexpectedly contracted 0.5% instead of the preliminary and estimated readings of -0.6%, giving some hopes that growth pace may improve in the first quarter. Read More UK Contracts 05 persen In The Fourth Quarter
Britain’s recession dragged on for a sixth quarter as GDP shrank by a worse-than-expected 0.2pc. Read More UK economy contracts by 02pc in third quarter as recession drags on
The British economy shrank by slightly less than first thought in the third quarter but remained in recession, official figures showed on Wednesday . Read More British economy contracts by 03pc in third quarter
ONS says anecdotal evidence suggest the car scrappage scheme helped Britain’s economy contract by a smallerthanexpected 0.7pc. Read More UK GDP contracts less than expected
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