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Regional Development: MEPs Back Fast-Track Funding to Boost Economic Recovery

added: 19-03-2010

Regional development projects in EU Member States will get faster and easier access to EU structural funding, thanks to new rules backed by the Regional Development Committee. As part of the EU's "anti-crisis" measures, advance payments will be increased for projects that help create jobs in countries worst hit by the downturn.

Bankrate: Mortgage Rates Post Mixed Results

added: 19-03-2010

Mortgage rates barely budged this week, with the average conforming 30-year fixed mortgage inching lower to 5.07 percent, according to Bankrate.com's weekly national survey. The average 30-year fixed mortgage has an average of 0.38 discount and origination points.

Euro Area Hourly Labour Costs Rose by 2.2% in the Fourth Quarter of 2009

added: 18-03-2010

Hourly labour costs in the euro area (EA16) rose by 2.2% in the year up to the fourth quarter of 2009, compared with 3.0% for the previous quarter. In the EU27, the annual rise was 2.4% up to the fourth quarter of 2009, compared with 2.9% for the previous quarter.

Construction Output Down by 2.2% in Euro Area in January 2010

added: 18-03-2010

In the construction sector, seasonally adjusted production fell by 2.2% in the euro area (EA16) and by 2.0% in the EU272 in January 2010, compared with the previous month. In December 20093, production decreased by 1.0% in the euro area, but rose by 0.8% in the EU27. Compared with January 2009, output in January 2010 dropped by 12.5% in the euro area and by 8.4% in the EU27.

BofA Merrill Lynch Fund Manager Survey Finds Sentiment Moving Against Europe, in Favor of U.S.

added: 18-03-2010

Investors have recovered their bullishness towards equity markets but are shifting their focus away from Europe and into the U.S. and Japan, according to the BofA Merrill Lynch Survey of Fund Managers for March.

Slight Improvement in Employment Prospects Through First Six Months of 2010

added: 18-03-2010

Employment prospects appear to be stabilizing or slightly improving through the first six months of 2010. However, they have not improved dramatically over 2009 levels and still remain well below levels observed in 2006 through 2008, according to projections from 267 employers responding to specialized legal and business publisher BNA's latest quarterly employment survey.

U.S. Import and Export Price Indexes in February 2010

added: 18-03-2010

The U.S. Import Price Index fell 0.3 percent in February, the U.S. Bureau of Labor Statistics reported. The decrease was led by a 1.9 percent downturn in fuel prices, which more than offset a 0.2 percent advance in nonfuel prices. Export prices fell 0.5 percent in February after advancing 0.7 percent in each of the previous two months.

Yearly Job Absences, Employee Turnover at Historic Lows

added: 18-03-2010

The economic downturn and rising jobless rate appear to have put a brake on employee absences. Rates of employee absences through 2009 are at the lowest recorded since 1985, the year legal and business publisher BNA began its quarterly survey of employers. Falling beneath the 2008 low of 0.9 percent of scheduled worker days per month, the median absence rate in 2009 averaged 0.7 percent. Absence rates have declined consistently since 2005, when they averaged 1.5 percent of scheduled worker days.

The Conference Board Leading Economic Index® (LEI) for Spain Declined 0.2 Percent in January 2010

added: 18-03-2010

The Conference Board Leading Economic Index® (LEI) for Spain declined 0.2 percent and The Conference Board Coincident Economic Index® (CEI) decreased 0.2 percent in January.

Euro Area Annual Inflation Down to 0.9% in February 2010

added: 17-03-2010

Euro area annual inflation was 0.9% in February 2010, down from 1.0% in January. A year earlier the rate was 1.2%. Monthly inflation was 0.3% in February 2010.

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