Contrary to a consensus estimate of a 0.5% decline, the volume of retail sales, excluding autos, in the Euro-zone actually rose in July, albeit, at a very slight gain of 0.11%. The consensus estimate of a decline appears to have been [...]
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Global| Oct 06 2003July Retail Sales in the Euro-zone Exceed Consensus
- Global| Sep 30 2003
Revised UK GDP Data Show Greater Growth
The United Kingdom released revised Gross Domestic Product data showing that the economy rose twice as fast in the second quarter as preliminary data had revealed. The new data are the result of a major revision in the National [...]
- Global| Sep 29 2003
Industrial Production in Korea Rebounds from Strike Affected Levels
With the settlement of strikes at Hyundai Motors and other firms, Korean industrial production rose 3.39% in August. However, as some labor unrest continued into August the level of production in industries other than mining is still [...]
- Global| Sep 23 2003
Italian Retail Sales Continue Upward Trend in Spite of Depressed Consumer Confidence
Data on Italian retail sales for July and consumer confidence for September were released today. Retail sales rose 0.56% in July and were 2.66% above the year ago level. The seasonally adjusted index of retail sales has shown a steady [...]
- Global| Sep 22 2003
Employment in Taiwan's Service Industries Continues to Outpace that in the Goods Industries
The labor situation in Taiwan is beginning to show some improvement. The unemployment rate dipped below 5% in August, for the first time since September, 2000. Prior to the downturn of 2000-2001 the unemployment rate generally [...]
- Global| Sep 16 2003
German Investors Becoming More Confident
The ZEW indicator of German Investor Confidence rose to 60.9.in September from 52,5 in August to reach its highest level since July 2002. Investors tend to appraise the future outlook positively. Rarely has the index been in negative [...]
- Global| Sep 15 2003
Thailand's Gross Domestic Product Shows Growth in the Second Quarter
In contrast to many of the countries in the Pacific Rim, Thailand reported a rise in its seasonally adjusted real GDP of 0.87% in the second quarter. Hong Kong earlier reported a 3.39% decline in its second quarter GDP, Taiwan, a [...]
- Global| Sep 08 2003
Another Japanese Leading Indicator Edges Up
Following the modest improvements in Japanese consumer sentiment in the second quarter and the moderately improved business expectations for the third quarter expressed in the latest Tankan Survey, the Economy Watchers Survey of [...]
- Global| Sep 02 2003
Pressure on China's Currency
After devaluing its currency 50% from 5.8 to 8.7 yuan to the dollar on December 1993 Chinas yuan appreciated slightly to approximately 8.2 yuan to the dollar by mid 1995. (The Yuan is the internationally traded currency. The renminbi [...]
- Global| Aug 26 2003
West German IFO Index Rises to 14-Month High
The IFO index that measures overall business confidence in West Germany rose from 89.3 in Julyto 90.8 in August, the highest level since June, 2002. Businesses reported improved confidence in their current situation and in the [...]
- Global| Aug 25 2003
Measures of Business and Consumer Confidence Rise in Belgium and the Netherlands but Remain Low
Both the Netherlands and Belgium reported slight increases in business confidence, however, the levels of confidence remain at historically low levels. In the Netherlands, the balance of of opinion among producers in manufacturing [...]
- Global| Aug 19 2003
German Investor Confidence Strengthening
The ZEW Center for European Economic Research in Germany reported that its index of investor confidence rose to 52.5 in August, up from 41.9 in July. The increase follows a July increase that almost doubled the June level of 21.3. [...]
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