The Euro Area GDP contracted by a rate of 0.3% during the fourth quarter of 2011; this drop in GDP is mainly due to the contraction of Germany’s economy during the quarter by 0.2%. This contraction is the first time…
According to the recent February report of Organization of the Petroleum Exporting Countries regarding the oil market, the OPEC oil production nearly didn’t change during January compared with December’s 2011 oil production levels. IEA revised down again its projection for…
Despite expectations for another rate cut, the European Central Bank left again the basic interest rate at 1.00% for the second consecutive month; the last time ECB had reduced the rate was back in December by 0.25 percent points. In…
The U.S. labor force sharply grew again during January: according to the recent U.S. employment report, which was published today, February 3rd by the Bureau of Labor Statistics the number of non-farm employees grew by 243,000 – the highest increase…
Today the U.S. Manufacturing ISM report came out; according to it the U.S. Manufacturing PMI growth rate augmented again to 54.1% during January. The U.S. Manufacturing PMI is an index that presents the economic progress of the U.S. manufacturing sector;…
Following the growth in the U.S consumer confidence index during December, this index changed direction and decreased in January. According to the recent U.S. consumer confidence survey, the consumer confidence index declined in January compared with December’s index: The index…
The bureau of economic analysis published today its first estimate of the growth rate of the U.S. GDP in the fourth quarter of 2011: According to the report, the growth rate of the real U.S GDP 2011 in the fourth…
Today, the U.S. Census Bureau updated on the number of new homes sales in the U.S during December 2011: new homes sales slightly fell again compared with November. According to the recent report, during December 2011 the annual rate of…
Today, the U.S. Census Bureau published its monthly report on U.S. durable goods manufactures’ shipments, inventories and orders for December 2011 – according to this report, orders of durable goods and capital goods increased during last month compared with November’s…
According to the recent U.S. pending homes sales report the market changed direction as pending home sales fell during December 2011; on the other hand the December 2011 U.S. pending home sales index was well above the December 2010 index.…