The Federal Statistics Office has today revealed that the German economy, which is Europe’s largest, contracted by a record 5% in 2009 – the first time in six years the economy had shrunk and the deepest since World War II.
The record contraction was due to a slump in demand in exports and investment.
In 2009, exports [...]
The Chartered Institute of Planning & Supply(CIPS)/Markit purchasing managers index revealed a marginal rise in UK construction activity to 47.0 in November, from 46.2 in October.
Any figure below the 50 mark represents a contraction but November’s reading represents the highest since August as the rate of decline slows and new order volumes saw an increase [...]
Today the world’s largest economy received a boost after the Commerce Department revealed that the US economy shrank at a far slower rate in the second quarter than previous estimates showed.
According to the Commerce Department, the US economy contracted by 0.7% between the April and June period rather than the 1% previously reported and far [...]
Hopes of an early exit from the recession today boosted the US after the Commerce Department revealed that the world’s no.1 economy shrank at a far slower rate in the second quarter than previous estimates showed.
According to the Commerce Department, the US economy contracted by 0.7% between the April and June period rather than the [...]