The Japanese economy grew 0.6% in the second quarter, the sixth quarter of growth and well above the consensus estimate of 0.2%. First quarter growth was revised upward from 0.1% to 0.3%. All major sectors except for government [...]
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Louise Curley
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Publications by Louise Curley
Global| Aug 12 2003Japan's Growth Exceeds Expectations, but Deflation Still a Problem
- Global| Aug 11 2003
Price Trends in UK Manufacturing Industry Point to Further Profit Squeeze
Since late 2002, the prices manufacturers in the UK pay for the raw materials of their products have generally been rising faster than the prices they receive for their finished products. In July, the year to year increase in input [...]
- Global| Aug 05 2003
Services in the Euro-zone Expand While Manufacturing is Still in Contracting Stage
The service industry in the Euro Zone expanded in July for the first time this year. The diffusion index for the service industry based on a survey of purchasing managers by NTC Research in Henley-on-Thames, England for Reuters Group [...]
- Global| Aug 04 2003
Realignment of Currencies
There has been a major realignment of currencies over the past year or so. The trade weighted US dollar against the major currencies has depreciated by more than 12% over the past year, but only 6% against a broader selection of [...]
- Global| Jul 21 2003
Italian Consumer Confidence Improves But Still Tenuous
Consumer confidence in Italy rose 1.62% in July after reaching a seven and a half year low in June. Confidence is, however, still low. It is 5.74% below the level reached a year ago and 15% below the peak reached in June, 2001.. Only [...]
- Global| Jul 21 2003
May Trade Data for the Euro-zone Show Declines in Exports and Imports
Preliminary data on foreign trade of the Euro-zone for May show a decline in exports from 86,019 million euros in April to 83,831 million euros. Imports declined by a slightly larger amount, from 82,547 million euros in April to [...]
TheZEW index that measures investor confidence almost doubled in July. It rose from 21.3 in June to 41.9, the highest level since September, 2002 and well above the long term average of 33. A reduction in the Euro Zone's central [...]
- Global| Jul 14 2003
Stock Markets in Latin America Outpace Other Major Areas
Stock markets in Latin America are up sharply from late 2002. The Morgan Stanley Capital International index of Latin America EMF (Emerging Markets Free) stock prices in U.S. dollars has risen almost 15% in the last month and is up [...]
- Global| Jul 01 2003
Japanese Tankan Shows Good Improvement in Sentiment of Large Manufacturing Companies
According to the Bank of Japan's quarterly survey of business conditions--the Tankan--sentiment among executives of large manufacturing companies in Japan rose in June to minus 5 from minus 10 in March. This was better than consensus [...]
- Global| Jun 30 2003
A Slight Improvement in Confidence in the Eurozone
The European Commission reported a slight improvement in the June measures of overall economic sentiment and confidence in the industrial and consumer sectors. The overall measure of economic sentiment was up 0.16% to 98.2 in June [...]
- Global| Jun 24 2003
Italian Consumer Confidence Continues to Slide
Contrary to consensus estimates of improvement, consumer confidence in Italy continued to fall in June and is currently at its lowest point since November, 1996. The seasonally adjusted index was 104.9 (1980=100), 0.66% below May and [...]
- Global| Jun 23 2003
Inflation and Deflation in the Pacific Rim
Inflation, as measured by consumer prices, generally continues to be subdued in the Pacific Rim countries. Even Indonesia, which experienced consumer price increases of approximately 12% in 2001 and 2002, reported a 0.5% increase in [...]
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