Bad news from Tokyo, Bank of Japan Tankan: Large Manufacturers Index At -3, The Bank of Japan's quarterly Tankan survey revealed on Monday that sentiment for its large manufacturers' index declined in the third quarter of 2012 - although not as bad as expected, showing a score of -3
From Asian economic leader, China's Manufacturing Sector Contracts For Second Month, China's manufacturing activity shrank for the second month in September on weak domestic and external demand, increasing the pressure on the government to step up stimulus
Meanwhile, latest U.S. economic news, Economy On Uneven Recovery Track, Evidences on the U.S. economic recovery have been far from comforting. Although we have been seeing some upturn in the housing market and consumer spending, the improvement is only modest. Meanwhile, manufacturing and business spending, which were earlier spearheading the economy recovery, are losing steam. The uneven and volatile nature of the recovery is definitely a cause of concern
Eurozone still gloomy by far, Eurozone Jobless Rate Steady At Record High, The euro area unemployment rate was unchanged at a record high in August as firms continued to scale back their operations in response to weak demand, data released by the statistical office Eurostat showed Monday. The seasonally adjusted unemployment rate was 11.4 percent in August, unchanged from July and June that were revised from 11.3 percent. The latest figure was the highest on record and matched economists' expectations
From British latest economic data, U.K. Manufacturing PMI Remains In Negative Territory, U.K. manufacturing sector continued to contract in September on lackluster order inflows and mounting job losses amid a prolonged recession, a closely watched survey revealed Monday
No comments:
Post a Comment