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The Harris Poll: Economy Most Important Issue For Americans

added: 24-10-2008

As the financial and economic crisis deepens, the latest edition of The Harris Poll® finds that the economy, which was already at the top of the list of concerns for Americans, has moved even farther ahead of all other issues that people want the government to address.

Industrial New Orders Down By 1.2% In Euro Area in August 2008

added: 23-10-2008

In August 2008 compared with July 2008, the euro area (EA15) industrial new orders index fell by 1.2%. In July the index increased by 2.0%. In the EU27 new orders decreased by 1.4% in August 2008, after growing by 2.9% in July. Excluding ships, railway & aerospace equipment industrial new orders increased by 0.6% in the euro area and by 2.0% in the EU27.

Online Holiday Sales Forecast

added: 23-10-2008

This year online holiday sales (excluding travel) will total $32.1 billion, up 10.1% over 2007. This is a sharp decline from growth rates in the low-to-mid 20% range seen over the past few years.

US Mass Layoffs in September 2008

added: 23-10-2008

In September, employers took 2,269 mass layoff actions, seasonally adjusted, as measured by new filings for unemployment insurance benefits during the month, the Bureau of Labor Statistics of the U.S.Department of Labor reported. Each action involved at least 50 persons from a single employer; the number of workers involved totaled
235,681, on a seasonally adjusted basis.

China: Produce Price for Major Agricultural Products Kept Running up in the Third Quarter 2008

added: 23-10-2008

According to the result of nationwide survey on 31,000 Agricultural Holdings conducted by National Bureau of Statistics of China, it showed that in the third quarter, the produce price for major agricultural products (refers to the direct price which sold by the agricultural producers) grew up 19.1 percent, year-on-year. Of which, the produce price of planting, forestry, animal husbandry and fishing products rose 12.3, 12.1, 31.3 and 12.8 percent respectively.

US: More Car Industry Problems

added: 23-10-2008

So what will the world car industry look like by Christmas? Who knows, things are changing quickly as sales slump in the west and even Chinese buyers take a rest (meaning lower demand for steel and Australian iron ore and coal).

Fitch: Global Financial Crisis Expose Russia's Weaknesses

added: 23-10-2008

Fitch Ratings says in a special report that, despite the sovereign's strong balance sheet and liquidity position, the impact of the global financial crisis and sharp drop in oil prices has brought Fitch's long-standing concerns over Russia's relatively weak banking sector, commodity dependence and heavy private sector external repayment schedule to the fore, exposing weaknesses in Russia's economic and credit fundamentals.

Coordinated European Action Needed to Tackle Financial Crisis Says the European Parliament

added: 23-10-2008

MEPs say the EU needs a coordinated response on a range of fronts in order to tackle the financial crisis and limit its impact on economic growth, jobs and small businesses. In a resolution on last week's EU summit, they also call for measures to improve financial supervision and look at issues from climate change to the Caucasus.

China: Producer Price Index for Manufactured Goods Increased in September 2008

added: 23-10-2008

In September, Producer Price Index (PPI) for manufactured goods was up by 9.1 percent year-on-year; purchasing prices for raw material, fuels and power rose by 14.0 percent.

EU: Better Protection For Holiday-Makers

added: 23-10-2008

Consumers across the EU will benefit from greater holiday protection - when they buy and resell timeshare holidays, or timeshare-like holidays on cruise boats, canal boats, caravans and "discount holiday clubs" - under new rules endorsed by the European Parliament.

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