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In September 2009 compared with August 2009, the euro area (EA16) industrial new orders index rose by 1.5%. In August the index increased by 0.6%. In the EU27 new orders grew by 1.7% in September 2009, after an increase of 2.0% in August. Excluding ships, railway & aerospace equipment, for which changes tend to be more volatile, industrial new orders fell by 1.2% in the euro area and by 0.6% in the EU27.

U.S. households are expected to spend an average of $390 on Christmas gifts this holiday season, down from last year's estimate of $418, The Conference Board reports.

The Conference Board Leading Economic Index™ (LEI) for Australia increased 0.3 percent and The Conference Board Coincident Economic Index™ (CEI) increased 0.1 percent in September.

Faced with an uncertain economy, some business owners are re-evaluating their use of technology. The latest Wells Fargo/Gallup Small Business Index, surveyed October 5-9, shows over half of respondents (58 percent) reporting that they have delayed technology purchases due to the economy, including purchases of new computers (60 percent), new hardware (56 percent) and new software (56 percent). However, there is a narrow percentage (thirteen percent) who report accelerating purchases in order to cut costs or build efficiencies.

The weekly average rate borrowers were quoted on Zillow Mortgage Marketplace for 30-year fixed mortgages decreased six basis points last week to 4.69 percent, down from 4.75 percent the week prior, according to the Zillow Mortgage Rate Monitor, compiled by leading real estate Web site Zillow.com®. Rates for 15-year fixed mortgages fell two basis points to 4.23 percent from 4.25 percent, and 5-1 adjustable rate mortgages increased one basis point to 3.69 percent, from 3.68 percent the week prior.

The current crisis is taking its toll on EU labour markets, reversing most of the employment growth achieved since 2000, according to the 2009 Employment in Europe Report. Men, young people, the low-skilled and workers on temporary contracts have borne the brunt of the employment contraction. Employment in the EU has shrunk by over 4 million jobs since the start of the crisis, although the effect has been somewhat mitigated thanks to the use of shorter working hours and other schemes. But these short term measures, however important, are not in themselves sufficient to ensure a successful exit from the crisis. Employment policies must focus on preparing for the transition to a low-carbon economy.

Young Poles have been hit hard by the jobs crisis. To help them, a new OECD report on Poland says that the government should invest more in vocational training schemes, and temporarily cut the cost of employing low-skilled school-leavers.

Regional and state unemployment rates were generally little changed or higher in October. Twenty-nine states and the District of Columbia recorded over-the-month unemployment rate increases, 13 states registered rate decreases, and 8 states had no rate change, the U.S. Bureau of Labor Statistics reported. Over the year, jobless rates increased in all 50 states and the District of Columbia. The national unemployment rate rose to 10.2 percent in October, up 0.4 percentage point from September and 3.6 points from October 2008.

Yankee Group surveys indicate that 63 percent of U.S. shoppers intend to spend less this holiday season, but a new trend offers retailers the chance to capture the attention of thrifty shoppers: mobile retailing.

The Conference Board Leading Economic Index™ (LEI) for Mexico increased 0.4 percent and The Conference Board Coincident Economic Index™ (CEI) increased 0.7 percent in September.