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New York Employee Confidence Index Decreases Slightly

added: 21-08-2009

After reaching its highest mark in 2009, the New York Employee Confidence Index decreased by 1.1 points to 46.7 in July, according to the latest Spherion(R) Employment Report. The monthly survey of New York workers, conducted by Harris Interactive(R) on behalf of Spherion Corporation, indicates that an increased number of workers believe fewer jobs are available, however, more workers are confident in their ability to find a job.

KPMG Survey: Banking and Financial Services Executives See Their Recovery Lagging the National Economy

added: 20-08-2009

Senior business leaders in the banking and financial services industry foresee their industry's recovery lagging that of the national economy, but still see 2010 as a turnaround year as they expect improvements in revenue and profitability, according to a recent survey conducted by KPMG LLP, the audit, tax, and advisory firm.

Four in Five Americans Made Cuts to Personal Spending Due to Economy

added: 20-08-2009

As the economy has suffered over the past year, one area where consumers have been impacted is in their spending. Four in five Americans (79%) say they have made cuts over the past year in their personal spending due to the economy. One-third (32%) have made a lot of cuts while almost half (47%) have made some cuts. Just one in five Americans (21%) have not made any cuts in their personal spending due to the economy.

GDP in the OECD Area Stabilised in the Second Quarter of 2009

added: 20-08-2009

Gross domestic product (GDP) in the OECD area stabilised in the second quarter of 2009 (minus 0.002%), according to preliminary estimates, following a fall of 2.1% in the previous quarter.

Employers Reluctant to Cut Retirement Benefits in Difficult Economy

added: 20-08-2009

In this difficult economy, the 10th Annual Transamerica Retirement Survey found that while nearly half of the U.S. employers surveyed had undertaken cost-cutting measures such as lay-offs and salary freezes, relatively few had reduced or eliminated retirement benefits. This survey of a nationally-representative sample of 596 employers, conducted between January and February of 2009, also yielded insights into the willingness of employers to offer plan features that were brought to the forefront in the Pension Protection Act of 2006, including investment advice and automatic enrollment.

Economic Optimism Rises Among CPA Financial Executives

added: 20-08-2009

In sharp contrast to recent reports about sagging consumer confidence, optimism about the U.S. economy has continued to increase among chief financial officers and senior-level executive Certified Public Accountants, according to a new survey conducted by the American Institute of Certified Public Accountants and the University of North Carolina's Kenan-Flagler Business School. The survey results suggest the U.S. economy may have stabilized in the second quarter of 2009.

Construction Output Down by 1.1% in the Euro Area in June 2009

added: 20-08-2009

In the construction sector, seasonally adjusted production decreased by 1.1% in the euro area (EA16) and by 3.3% in the EU27 in June 2009, compared with the previous month. In May, production fell by 2.0% and 2.5% respectively.

Euro Area Balance of Payments: June 2009

added: 20-08-2009

In June 2009 the working day and seasonally adjusted current account of the euro area recorded a deficit of EUR 5.3 billion. In the financial account, net inflows of EUR 37 billion (non-seasonally adjusted) were observed in combined direct and portfolio investment.

92% of Americans Still Believe Buying a Home is a Good Investment

added: 19-08-2009

A new study released by Bankrate, Inc. shows that although estimates indicate that a quarter of Americans owe more on their mortgage than their homes are worth, the long-held dream of home ownership continues to be top of mind.

U.S. Producer Price Index in July 2009

added: 19-08-2009

The Producer Price Index for Finished Goods declined 0.9 percent in July, seasonally adjusted, the Bureau of Labor Statistics of the U.S. Department of Labor reported. This decrease followed advances of 1.8 percent in June and 0.2 percent in May. At the earlier stages of processing, prices received by manufacturers of intermediate goods moved down 0.2 percent in July after rising 1.9 percent in the prior month, and the crude goods index fell 4.5 percent following a 4.6 percent increase in June.

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