The industry has grown with an increase in prices, sales, and profits. Since food and beverages is a major industry in the United States, it is less vulnerable to economic changes. The cosmopolitan culture in the country also greatly aids the growth of this industry.
Trading on the London Stock Exchange’s order book saw excellent growth during November 2006. The number of SETS trades was up 62 per cent on November 2005 to 7.7 million, while the value traded increased 36 per cent to £141.8 billion. The average daily number of trades on SETS in November increased 62 per cent on last November to 349,199, and the average daily value traded rose 36 per cent to £6.4 billion.
The London Stock Exchange welcomes the announcement in today’s pre-budget report that the Government will scrap stamp duty levied on non-resident ETFs. This is expected to boost London’s ETF market significantly by making it far easier for international ETF providers to issue their products on the London Stock Exchange.
In the construction sector, seasonally adjusted production grew by 0.8% in the euro area and by 1.0% in the EU25 in the third quarter of 2006, compared to the previous quarter. In the second quarter of 20064, production increased by 2.9% and 2.1% respectively.
The European Commission has adopted yesterday a Regulation on a common charging scheme for air navigation services. The new charging system regulates which costs are eligible and how users will be charged for air navigation services. The regulation will apply as of 1 January 2007 . Building on the current international system, the harmonised system will contribute to achieving greater transparency and encourage the safe and effective provision of air navigation services.
East Asia's rapid economic growth in gross domestic product (GDP) is expected to soften in 2007 to a still robust 4.4% from 4.9% this year, says a report released today by ADB.
New York Stock Exchange member firms that conduct business with the public reported third-quarter 2006 after-tax profits of $2.64 billion and revenue of $81.76 billion, compared to $1.82 billion in after-tax profits on revenue of $61.13 billion in the third quarter of 2005. Year-to-date revenue was $237.96 billion, versus $163.67 billion in the comparable 2005 period.
China is the largest volume manufacturer of leather garments in the world, accounting for almost 65% of global leather garment exports. Stiff competition among suppliers, however, is resulting in consolidation of the industry.
