Thursday, September 27, 2012

Eurozone Gloomy : German Unemployment Continues To Increase, Eurozone Economic Confidence Weakens In September

First of all let's talk about how Chinese Industrial Profits Decline For Fifth Month, Chinese industrial firms' profits dropped for a fifth successive month in August, official data showed Thursday, signaling that the economic slowdown probably extended into the third quarter.

Meanwhile from Paris economic news, French Unemployment Tops 3 Million In August, Unemployment in France crossed the 3-million threshold in August for the first time in more than a decade as weak economic activity continued to hamper government efforts to prop up the job market

From Asian new economic power, OECD Urges Indonesia To Advance Reforms, Tighten Monetary Stance The Organization for Economic Co-operation and Development (OECD) urged the Indonesian government to move ahead with reforms to achieve its objective of becoming one of the world's 10 largest economies by 2025, what a great country, remarkable Indonesia

Eurozone get more worsen, Eurozone Economic Confidence Weakens In September, Eurozone economic confidence declined for the seventh consecutive month in September, reflecting weakness across all sectors except construction

Eurozone back to gloomy, German Unemployment Continues To Increase, German unemployment increased for the sixth consecutive month in September as companies struggled with weak orders amid fears of looming recession in the euro area

U.S. Durable Goods Orders Tumble More Than Expected In August, New orders for U.S. manufactured durable goods showed a substantial decrease in the month of August, according to a report released by the Commerce Department on Thursday, with the steep drop largely due to a sharp decline in orders for transportation equipment

U.S. Weekly Jobless Claims Fall More Than Expected In a positive sign for the sluggish labor market, the Labor Department released a report Thursday morning showing a much bigger than expected drop in initial jobless claims in the week ended September 22nd
 
Latest economic news from New York, U.S. GDP Grew Much Less Than Estimated In Q2, With private inventory investment, consumer spending, and exports all rising by less than previously estimated, the Commerce Department released a report on Thursday showing that the U.S. economy expanded by less than previously reported in the second quarter

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