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NSBA Releases 2008 Year-End Economic Report - Outlook Not Good

added: 13-01-2009

The National Small Business Association released a report detailing how small business is faring in the recession, and things aren't going well. According to the NSBA 2008 Year-End Economic Report, 91 percent of small businesses surveyed over the last two weeks in December said the national economy today is worse off than five years ago, up significantly from 68 percent in August 2008.

World Markets: Fund Managers Optimistic for 2009

added: 13-01-2009

Fund managers globally have a generally optimistic outlook for 2009 and predict that markets in most regions will begin to recover this year, according to a survey by Watson Wyatt, a global consulting firm.

Fitch: Rate Cuts Add To European CMBS Concerns

added: 13-01-2009

Fitch Ratings says that recent interest rate cuts by central banks in Europe may be compounding difficulties for European CMBS investors. With commercial property markets in decline, one effect of falling interest rates on swap valuations is to increase effective deal leverage. To avoid the associated swap breakage costs, servicers may be deterred from taking swift remedial action on impaired loans.

Discount Retailers on the Rise as Downturn Leads to Consumer Cutbacks

added: 13-01-2009

As the global economy shifted in 2007 from relatively strong growth to deceleration and on to modest recession in early 2008, consumers cut back on their spending and turned to discount retailers in ever increasing numbers, according to a new report, "2009 Global Powers of Retail," from Deloitte Touche Tohmatsu in conjunction with STORES magazine.

The Conference Board Employment Trends Index Suggests Economy Could Lose 2 Million More Jobs

added: 13-01-2009

The Conference Board Employment Trends Index fell further in December. The index now stands at 99.6, decreasing 1.6 percent from the November revised figure of 101.2, and down almost 16 percent from a year ago.

World Textile and Apparel Trade and Production Trends: China, South-East Asia and South Asia, 2008 Edition

added: 13-01-2009

Chinese textile and clothing exports increased by 11% in the first six months of 2008 although EU imports from China rose by only 5.1% and US imports from China increased by just 0.7%. As a result, domestic output grew by a smaller margin than in the past. Textile imports fell, implying weaker activity in textile and clothing manufacturing although clothing imports soared by 25%.

Consumers Curious for Ways to Economize Without Compromise

added: 13-01-2009

Consumers are unwilling to compromise on the brands with which they feel the closest - personal care, personal communications technology; health and nutrition; and products for home and family use. In addition, more than 70 percent of consumers plan to embrace a more frugal, 'back to basics' lifestyle in anticipation of economic uncertainties ahead, reports the Econocurious Consumer Survey issued from media communications agency, UM.

Sobering Jobless Data Highlight Need for Recovery Package to Focus On Hard-Hit Families and States

added: 13-01-2009

Since a decline in overall demand is the main cause of rising unemployment and the weak economy, the economic recovery package should focus on putting money in the hands of people who will spend it quickly, according to the Center on Budget and Policy Priorities.

China: National Business Climate Index Dropped in the Fourth Quarter

added: 13-01-2009

Business Climate Survey results of NBS in whole country showed that the national business climate index (BCI) was 107.0 in the fourth quarter of 2008, dropped 21.6 points over the third quarter.

Frustration with Travel Drops Markedly As Oil Prices Plummet

added: 13-01-2009

Frustration with traveling has dropped off sharply, according to the latest installment of Access America’s Travel Frustration Index, a quarterly barometer of travelers’ angst. The results of the latest survey, conducted by Ipsos Public Affairs in December 2008, reveal that Americans’ consternation with just about all aspects of travel has dropped significantly when compared to data collected earlier last year, as well as during the same period in 2007.

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