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2011 Budget: Focus on Youth and Economic Recovery

added: 05-03-2010

Without enough money, the EU 2020 strategy risks turning into "another vague scoreboard for the Member States", the EP Budgets Committee warned on Thursday when adopting its priorities for the 2011 budget. According to the committee, next year's budget should focus on youth, research and recovery from the economic crisis.

U.S. Consumer Confidence Heats Up Again in March, According to RBC Index

added: 05-03-2010

Consumer confidence levels rallied this month after taking a tumble in February, according to the RBC CASH (Consumer Attitudes and Spending by Household) Index. Buoyed by consumers' upbeat evaluations of their current economic condition and their positive outlook for the job market, the RBC Index for March stands at 58.2, an 18.8 point increase from February's 39.4 reading.

U.S. Productivity and Costs: the Fourth Quarter of 2009

added: 05-03-2010

Nonfarm business sector labor productivity increased at a 6.9 percent annual rate during the fourth quarter of 2009, the U.S. Bureau of Labor
Statistics reported. The gain in productivity reflects a 7.6 percent increase in output partially offset by a 0.6 percent increase in hours worked. (All quarterly percent changes in this release are seasonally adjusted annual rates.) From the fourth quarter of 2008 to the fourth quarter of 2009, productivity increased 5.8 percent as output declined 0.2 percent and hours fell 5.7 percent. The annual measure of productivity increased 3.8 percent from 2008 to 2009.

Euro Area and EU27 GDP up by 0.1% During the Fourth Quarter of 2009

added: 05-03-2010

GDP increased by 0.1% in both the euro area (EA16) and the EU27 during the fourth quarter of 2009, compared with the previous quarter, according to first estimates released by Eurostat, the statistical office of the European Union. In the third quarter of 2009, growth rates were +0.4% in the euro area and +0.3% in the EU27.

Bankrate: Mortgage Rates Dip Down

added: 05-03-2010

Mortgage rates moved lower this week, with the average conforming 30-year fixed mortgage dipping to 5.12 percent, according to Bankrate.com's weekly national survey. The average 30-year fixed mortgage has an average of 0.39 discount and origination points.

Senior Executives Cautiously Optimistic amid Slow Economic Recovery

added: 05-03-2010

The Corporate Executive Board(CEB), a leading provider of best practice research and analysis focusing on corporate strategy, operations and general management issues, announced today that signs of the economic recovery are starting to surface, yet senior executives continue to be cautiously optimistic about their business’s growth, according to the latest findings from The Corporate Executive Board Business Barometer.

Economic Recovery: Second Batch of 4-billion-euro Package goes to 43 Pipeline and Electricity Projects

added: 05-03-2010

The European Commission selected 43 major energy projects, which will significantly contribute to the economic recovery in the EU, while increasing our security of energy supply by creating cross-border infrastructure. With this decision, the Commission grants € 2.3 billion to 31 gas and 12 electricity projects. This is the second financial decision under the Economic Recovery Package which amounts to almost 4 billion Euros. It is the largest amount the EU has ever spent on energy infrastructure.

Volume of Retail Trade Down by 0.3% in Both Euro Area and EU27

added: 04-03-2010

In January 2010, compared with December 2009, the volume of retail trade decreased by 0.3% in both the euro area (EA16) and the EU27. In December 2009 retail trade rose by 0.5% and 0.2% respectively.

Discover® U.S. Spending Monitor Rises 2.3 Points in February 2010

added: 04-03-2010

The Discover U.S. Spending Monitor rose 2.3 points in February to 87.5 (based out of 100), as the economic outlook among consumers improved and discretionary spending intentions stabilized. A Monitor-low 35 percent of consumers are concerned about additional expenses or an income shortfall in the month ahead, while more consumers are expecting to have money left over after paying monthly bills.

Americans Using Tax Refunds to Improve Their Finances

added: 04-03-2010

Americans are continuing their frugal ways at tax time, with the majority of middle-class consumers planning to put their refunds towards savings and paying down debt , according to the First Command Financial Behaviors Index™.

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