Seasonally adjusted industrial production decreased by 0.1% in the euro area in October 2006 compared to September 2006. Production declined by 1.1% in September3 and rose by 1.6% in August. In the EU25 output fell by 0.1% in October 2006 after a decrease of 0.6% in September and an increase of 1.1% in August.
Euro area annual inflation was 1.9% in November 20061, up from 1.6% in October. A year earlier the rate was 2.3%. Monthly inflation was 0.0% in November 2006.
STAMFORD, Conn.--(BUSINESS WIRE)--Organizations with more than $1 billion in revenue have reforecast their IT spending increase for 2007 to 2.8 percent, according to a new Gartner Consulting Worldwide IT Benchmark Report. These spending projections are down from research collected by Gartner during the first half of 2006. At that time, IT spending for 2007 was forecast to grow at 6 percent.
Fitch Ratings comments today in a special report that a combination of regulatory change, strong bank growth and a favourable market environment have resulted in substantially greater issuance of capital securities - hybrid instruments and subordinated debt - by emerging market ("EM") banks in 2006.
Mortgage rates rebounded this week following upbeat economic reports on employment and retail sales. The average 30-year fixed rate mortgage increased to 6.13 percent, which is still the third-lowest level of 2006. According to Bankrate.com's weekly national survey of large lenders, the 30-year fixed rate mortgages had an average of 0.24 discount and origination points.
In 2005, total sales of oil, gas and related products amounted to £28.69bn, an increase of 22.8% on 2004. Government revenues and taxes attributable to UK oil and gas production reached an estimated £9.7bn in 2005/2006, up by 84.7% on the previous year.
Wireless Telecommunications services competition is increasing. Smaller, standalone wireless providers are transferring licenses to larger, better capitalized and more experienced wireless providers. Resellers buy bulk wholesale service from facilities based carriers for resale. They provide another set of differentiated competitors in the marketplace.
The Asia-Pacific enterprise telephony applications (ET apps) market (excluding Japan) is expected to enjoy very high growth at a CAGR (compound annual growth rate) of 33.7 percent from 2005 to 2012. ET apps, which are in the nascent stages of adoption, could account for over 30 percent of the total enterprise telephony market by 2012, from only 5.2 percent in 2005.
Focusing on activity at the top UK, French and German retail sites during the holiday season since October 30, comScore Networks found that that French retail sites have experienced the largest gains in the first three weeks of the season (vs. the pre-holiday shopping period from August 28 to October 29), capped by a 79% gain in cyber shopping traffic during the most recent week of the study (ending November 26) vs. the pre-holiday average.
RealtyTrac(R), the leading online marketplace for foreclosure properties, today released its November 2006 U.S. Foreclosure Market Report, which shows that 120,334 properties nationwide entered some stage of foreclosure during the month, an increase of 4 percent from the previous month and an increase of 68 percent from November 2005. The report also shows a national foreclosure rate of one new foreclosure filing for every 961 U.S. households, the highest monthly foreclosure rate reported so far this year.
