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Consumers Spend Less, But Still Splurge on Special Items

added: 17-06-2009

Consumers may have reduced their overall spending in the current recession, but one place many women simply refuse to cut back is on shoes and handbags.

Mortgage Rates Rise for Third Consecutive Week

added: 17-06-2009

The weekly average rate borrowers were quoted on Zillow Mortgage Marketplace for 30-year fixed mortgages increased last week to 5.72 percent, up from 5.48 percent the week prior, according to the Zillow Mortgage Rate Monitor, compiled by leading real estate Web site Zillow.com(R). Meanwhile, rates for 15-year fixed mortgages rose to 5.18 percent from 4.95 percent, and 5-1 adjustable rate mortgages rose to 4.73 percent from 4.62 percent the week prior.

3 Million New North American Broadband Subscribers Added in First Quarter 2009 Despite Economic Downturn

added: 17-06-2009

The Broadband Forum announced the latest broadband and IPTV statistics, which show impressive growth in the face of the global economic downturn. Its report, prepared for the Forum by industry analysts Point Topic shows that broadband grew by 16.6 million lines globally in the last quarter alone, with more than three million being added across North America - while IPTV continues to expand strongly.

ECB: Financial Stability Review June 2009

added: 16-06-2009

Many of the downside risks to euro area financial stability that were identified in the December 2008 issue of the FSR have crystallised. In particular, the further significant deterioration of global macroeconomic conditions, as well as sizeable downward revisions to growth forecasts and expectations, have added to the stresses on global and euro area financial systems. The contraction of economic activity and the diminished growth prospects have resulted in a further erosion of the market values of a broad range of assets.

Euro Area Labour Costs Rose by 3.7% in the First Quarter of 2009

added: 16-06-2009

Total hourly labour costs in the euro area (EA16) rose by 3.7% in nominal terms in the year up to the first quarter of 2009, compared with 4.0% for the previous quarter. In the EU27, the annual rise was 1.5% up to the first quarter of 2009, compared with 4.5% for the previous quarter.

Euro Area Annual Inflation Down to 0.0% in May 2009

added: 16-06-2009

Euro area annual inflation was 0.0% in May 2009, down from 0.6% in April. A year earlier the rate was 3.7%. Monthly inflation was 0.1% in May 2009.

UPS Healthcare Survey Shows Economy a Bitter Pill to Swallow

added: 16-06-2009

The healthcare industry is feeling besieged on all sides, with companies slammed by the economy and worried about cost control as they attempt to drive innovation and ensure safety and security, according to a new survey by UPS.

91% of Shoppers Will Keep Buying Store Brands After Recession Ends

added: 16-06-2009

New consumer polling data shows that an overwhelming majority of U.S. supermarket shoppers will continue purchasing store brand products after the recession is over.

The Depth of the Global Recession Impact Has Permanently Changed the Rules of the Game for Corporates

added: 16-06-2009

The impact of the economic downturn has clearly been significant, however not all companies are equally affected by the recession, according to a study of executives at 570 leading global companies released by Ernst & Young LLP. The comparisons with a similar study in January also reveal that while the white heat of the crisis has passed, the majority of companies are still focused on survival. However, a significant minority are looking to take advantage of the situation to pursue new opportunities.

Downturn Has Increased Emerging Market Opportunities for Global Retailers

added: 16-06-2009

Emerging markets continue to represent attractive investment opportunities for global retailers and the economic downturn has made entry to many of these markets more critical and relevant, according to global management consulting firm A.T. Kearney's eighth annual Global Retail Development Index (GRDI), a study of retail investment attractiveness among 30 emerging markets.

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