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Construction Output up by 7.6% in Euro Area in March 2010

added: 20-05-2010

In the construction sector, seasonally adjusted production rose by 7.6% in the euro area (EA16) and by 6.8% in the EU27 in March 2010, compared with the previous month. In February, production fell by 7.2% and 5.3% respectively.

Foreclosures Fall 9% Nationwide During April 2010

added: 20-05-2010

Foreclosure Deals, a leader in providing listings of foreclosed homes for sale nationwide, reported that foreclosure filings in April fell 9% from the previous month, and over 2% from April of 2009. The company also revealed that default notices, which mark the beginning of a new foreclosure, were down 12% from March and over 27% from the previous year, while bank repossessions (also known as REOs) of existing foreclosures hit a record high. These facts lead experts to believe the foreclosure market could be leveling off.

U.S. Real Earnings in April 2010

added: 20-05-2010

Real average hourly earnings for all employees rose 0.1 percent from March to April, seasonally adjusted, the U.S. Bureau of Labor Statistics reported. This increase stems from a 0.1 percent decrease in the Consumer Price Index for All Urban Consumers (CPI-U) while average hourly earnings remained unchanged.

The Conference Board Leading Economic Index® (LEI) for France Increased 1.2 Percent in March 2010

added: 20-05-2010

The Conference Board Leading Economic Index® (LEI) for France increased 1.2 percent and The Conference Board Coincident Economic Index® (CEI) increased 0.2 percent in March.

Emerging Asia Should Be Ready to Act on Potentially Destabilizing Capital Inflows

added: 20-05-2010

Governments in emerging Asia should stay on guard and be ready to act if volatile capital inflows threaten to destabilize the region's financial markets, says a new report from the Asian Development Bank (ADB).

China Outpaces Europe, U.S. on Economic Optimism

added: 19-05-2010

Chinese businesspeople are more than twice as optimistic about their national economy and their jobs as Americans and Europeans, according to a global business poll conducted by the Marist Institute for Public Opinion.

Euro Area Annual Inflation up to 1.5% in April 2010

added: 19-05-2010

Euro area annual inflation was 1.5% in April 2010, up from 1.4% in March. A year earlier the rate was 0.6%. Monthly inflation was 0.5% in April 2010.

U.S. Producer Price Index in April 2010

added: 19-05-2010

The Producer Price Index for Finished Goods declined 0.1 percent in April, seasonally adjusted, the U.S. Bureau of Labor Statistics reported. This decrease followed a 0.7-percent advance in March and a 0.6-percent decrease in February. At the earlier stages of processing, prices received by producers of intermediate goods moved up 0.8 percent and the crude goods index fell 1.2 percent. On an unadjusted basis, prices for finished goods advanced 5.5 percent for the 12 months ended April 2010, their sixth consecutive 12-month increase.

Investors Retreating to U.S. Equities as Growth Fears Rise

added: 19-05-2010

Investors have sought refuge in U.S. markets in the week that eurozone states delivered a financial package to allay sovereign debt concerns, according to the BofA Merrill Lynch Survey of Fund Managers for May.

Euro Area External Trade Surplus 4.5 bn Euro in March 2010

added: 19-05-2010

The first estimate for the euro area (EA16) trade balance with the rest of the world in March 2010 gave a 4.5 billion euro surplus, compared with +1.6 bn in March 2009. The February 2010 balance was +2.4 bn, compared with -1.2 bn in February 2009. In March 2010 compared with February 2010, seasonally adjusted exports rose by 7.5% and imports by 10.3%.

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