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Economic News |
German Economy To Grow At Slower Pace In Q4: Finance Ministry
Friday, Germany's Finance Ministry pointed out that the economy could grow at a slower pace in the fourth quarter, as uncertainty in the job market and income levels hit private spending. Moreover, the ministry pointed out that the strengthening of the euro could erode competitiveness of firms.. 11/20/2009 7:54:47 AM
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Italian Industrial Orders Rise In September
Friday, a report by Italy's statistical office ISTAT said industrial orders rose a seasonally adjusted 5.2% month-on-month in September, reversing a 8.6% fall in the previous month. Economists expected a 5% rise in orders. Domestic orders rose 4.2%, while foreign orders climbed 7%.. 11/20/2009 7:52:51 AM
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German Producer Prices Decline Stable In October
Friday, Germany's Federal Statistical Office announced that the producer price index or PPI dropped 7.6% year-on-year in October, same as in the previous month. Economists expected a decrease of 7.5%. A year ago, the PPI had grown 7.3%.. 11/20/2009 7:50:24 AM
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Philly Fed Index Jumps To 16.7 In November
Activity in the mid-Atlantic region's manufacturing sector is picking up in November, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday, with the index of activity in the sector increasing by much more than expected.. 11/19/2009 10:49:44 AM
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Weekly Jobless Claims Unchanged At 505,000
Thursday morning, the Labor Department released its report on first-time claims for unemployment benefits in the week ended November 14th, showing that initial jobless claims came in unchanged.. 11/19/2009 8:47:53 AM
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UK Gross Mortgage Lending Rises In October: CML
UK's gross mortgage lending grew 5% in October to GBP 13.5 billion from GBP 12.9 billion in September, a report from the Council of Mortgage Lenders showed Thursday. However, lending dropped 27% from GBP 18.5 billion registered in October 2008.. 11/19/2009 8:11:44 AM
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OECD Lifts 2010 GDP Growth Forecast
Thursday, the Organization for Economic Co-operation and Development said the combined output of 30 member nations would grow 1.9% next year and 2.5% in 2011. The Paris-based organization revised the OECD GDP estimate for 2010 from 0.7%.. 11/19/2009 8:10:22 AM
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UK Oct. M4 Money Supply Rises
Thursday, the Bank of England said in a report that the M4 money supply increased 1.8% on a monthly basis in October, faster than the 0.9% growth in the previous month, revised from a 0.8% increase reported initially. Economists expected an increase of 1%. 11/19/2009 8:06:21 AM
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Swiss Trade Surplus Rises In October
Switzerland's trade surplus in October rose to CHF 2.46 billion from CHF 1.91 billion surplus recorded in September, the Federal Customs Administration said Thursday.. 11/19/2009 8:04:45 AM
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