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Construction Output Down by 0.8% in the Euro Area in April 2008

added: 18-06-2008

In the construction sector, seasonally adjusted production fell by 0.8% in the euro area (EA15) and by 0.4% in the EU27 in April 2008, compared with the previous month. In March, production decreased by 2.8% and 2.7% respectively. Compared with April 2007, output in April 2008 dropped by 2.4% in the euro area and by 0.3% in the EU27.

Fitch: U.S. Banks' Resi Construction Loans Likely to Exhibit Continued Pressure thru 2008

added: 18-06-2008

Fitch Ratings reported that U.S. banks' residential construction portfolios will continue to exhibit stress through 2008 due to continued devaluation of real estate, especially in more volatile housing markets.

World Bank’s New Trade Indicators Shows Falling Trade Barriers And Strong Trade Performance

added: 18-06-2008

A new database and ranking tool unveiled by the World Bank shows that in 2007 most developing countries continued to improve trade policies supporting greater integration.

The Leading Index for France Declined 0.1 Percent in April 2008

added: 18-06-2008

The Conference Board reports that the leading index for France declined 0.1 percent and the coincident index increased 0.1 percent in April.

US Producer Price Index in May 2008

added: 18-06-2008

The Producer Price Index for Finished Goods increased 1.4 percent in May, seasonally adjusted, the Bureau of Labor Statistics of the U.S. Department of Labor reported. This rise followed a 0.2-percent advance in April and a 1.1-percent increase in March. At the earlier stages of processing, prices received by producers of intermediate goods rose 2.9 percent following a 0.9-percent advance a month earlier, and the crude goods index increased 6.7 percent after climbing 3.2 percent in April.

Green Light for New EU Waste Legislation with Binding 2020 Targets

added: 17-06-2008

The EU will have new waste legislation which includes targets for re-use and recycling of waste to be attained by 2020 after MEPs adopted amendments. The directive sets out rules on recycling and requires Member States to draw up binding national programmes for waste prevention. Waste prevention targets will be considered by the Commission in the future. Incineration of waste will be categorised as a recovery operation rather than disposal, provided it meets a certain energy efficiency standard.

Financial Advisor Gives Four Tips to Manage Investments in Light of Federal Reserve Moves

added: 17-06-2008

Over the past several months the Federal Reserve has taken steps to try to stabilize financial markets, bolster the national economy and stave off a recession. With virtual meltdowns in subprime mortgages and the credit crunch many Americans, including Federal Reserve Chairman Ben Bernanke, believe we are headed for tougher financial times.

Online Retail Beating the Recession

added: 17-06-2008

Many small businesses are feeling the full weight of the current recession as consumers scramble to save money under the weight of crushing gas prices and the sharp rise in the cost of living. Unemployment and bankruptcy rates are rising daily. However, contrasting the recession fallout, reports on eCommerce growth present a different story: eCommerce is largely a recession-proof marketplace.

Americans' Financial Security Sentiments Rebound in June 2008

added: 17-06-2008

In a counterpoint to the current economic environment, the COUNTRY Financial Security Index(SM) jumped 1.5 points to 69.3 in June. Americans say they are feeling better about their ability to save and pay debts. After steadily declining for the past six months, the June Index came in at its highest reading since October 2007.

Euro Area External Trade Surplus 2.3 bn Euro

added: 17-06-2008

The first estimate for the euro area (EA15) trade balance with the rest of the world in April 2008 gave a 2.3 bn euro surplus, compared with +2.0 bn in April 2007. The March 2008 balance was -1.5 bn, compared with +7.5 bn in March 2007. In April 2008 compared with March 2008, seasonally adjusted exports rose by 6.2% and imports by 3.6%.

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