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Euro Area GDP up by 0.4% and EU27 GDP up by 0.3% in the Third Quarter of 2009

added: 04-12-2009

GDP increased by 0.4% in the euro area (EA16) and by 0.3% in the EU27 during the third quarter of 2009, compared with the previous quarter, according to first estimates released by Eurostat, the Statistical Office of the European Communities. In the second quarter of 2009, growth rates were -0.2% in the euro area and -0.3% in the EU27.

Volume of Retail Trade Remained Stable in Euro Area in October 2009

added: 04-12-2009

In October 2009, compared with September 2009, the volume of retail trade remained stable in the euro area (EA16) and rose by 0.3% in the EU27. In September retail trade fell by 0.5% and 0.3% respectively.

U.S. Productivity and Costs in the Third Quarter of 2009

added: 04-12-2009

Nonfarm business sector labor productivity increased at an 8.1 percent annual rate during the third quarter of 2009, the U.S. Bureau of Labor Statistics reported. This was the largest gain in productivity since the third quarter of 2003, and reflects a 2.9 percent increase in output and a 4.8 percent decline in hours worked.

U.S. Metropolitan Area Employment and Unemployment in October 2009

added: 04-12-2009

Unemployment rates were higher in October than a year earlier in all 372 metropolitan areas, the U.S. Bureau of Labor Statistics reported. Fifteen areas recorded jobless rates of at least 15.0 percent, while 13 areas registered rates below 5.0 percent. The national unemployment rate in October was 9.5 percent, not seasonally adjusted, up from 6.1 percent a year earlier. Among the 369 metropolitan areas for which nonfarm payroll employment were available, 361 areas reported over-the-year decreases in employment and 8 reported increases.

Bankrate: Mortgage Rates Remain Near Record Lows

added: 04-12-2009

The average conforming 30-year fixed mortgage moved a touch higher from 5 percent to 5.01 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.

Discover® U.S. Spending MonitorSM Flat in November; Upper-Income Consumers Show Big Decline in Economic Confidence

added: 03-12-2009

The Discover U.S. Spending Monitor was flat in November, rising only a half point to 86.3 (based out of 100) as a majority of consumers continued to be pessimistic about the economy and their personal finances. Overall, 59 percent of consumers rated the economy as poor, a 3-point increase from October. Forty-nine percent of consumers felt economic conditions were getting worse, a 3-point rise from October and second consecutive increase.

92 Percent of Small-Medium Business CEOs Say Washington Is Not Listening to Their Needs

added: 03-12-2009

Main Street CEOs are regaining economic confidence in their businesses, but 92 percent of them say Washington is not listening to the needs of small-to-medium-sized businesses, according to the Vistage CEO Confidence Index Survey for the 4th quarter. The CEOs are mainly concerned about the costs of healthcare legislation, increased taxes, regulatory burdens, and continued tightening of credit.

Online Shopper Satisfaction Down on Cyber Monday

added: 03-12-2009

Cyber Monday shoppers were less satisfied this year than they were at the same time last year, according to ForeSee Results’ annual benchmark of satisfaction with online holiday shopping. The study collected responses from more than 350,000 people who shopped online at more than 110 retailers from November 24-30, 2009.

Industrial Producer Prices up by 0.2% in Both Euro Area and EU27

added: 03-12-2009

In October 2009 compared with September 2009, the industrial producer price index rose by 0.2% in both the euro area (EA16) and the EU27. In September, prices fell by 0.4% in both zones.

Email and Social Media Marketing Are Top Areas of Investment in 2010

added: 03-12-2009

The majority of businesses plan to increase marketing spend in email marketing and social media in 2010, making them the top two areas of investment according to the November "2010 Marketing Trends Survey" released by StrongMail, a leading provider of online marketing solutions for email and social media. Signaling a positive economic outlook for 2010, the industry survey of more than 1,000 global business leaders also found that 89 percent of respondents plan to increase or maintain budgets in the New Year.

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