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U.S. Consumers Beginning to Shed Anxiety about Economy

added: 07-05-2010

Americans are beginning to shed their anxiety about the economy which has dominated consumer sentiment over the past two years, and are less pessimistic about both their local economies and job security, according to findings from the RBC Consumer Outlook Index. Driven by improving attitudes about the local economy, the RBC Consumer Outlook Index climbed to 72.7 in May 2010, up 8.1 points from April's 64.6 level. However, consumers remain very concerned about their personal finances and deeply skeptical about investing and the national economy.

Euro Area Interest Rate Statistics: March 2010

added: 07-05-2010

In March 2010 the average MFI interest rates on new deposits showed mixed developments. Most of the average MFI interest rates on new loans declined. Basically all average MFI interest rates on outstanding amounts of deposits and loans also declined.

Restructuring Activity in Europe Declines but Job Losses still Outweigh Job Gains

added: 07-05-2010

Large-scale restructuring activity in Europe continues its recent trend of decline, albeit one where job losses continue to predominate over job gains, according to the latest quarterly report from Eurofound’s European Restructuring Monitor (ERM).

Bankrate: Europe Fears Drive Mortgage Rates Lower

added: 07-05-2010

Mortgage rates retreated, with the average conforming 30-year fixed mortgage rate falling to 5.12 percent, according to Bankrate.com's weekly national survey. The average 30-year fixed mortgage has an average of 0.47 discount and origination points.

New Study Released on the Non-Government Response to the U.S. Economic Crisis

added: 07-05-2010

A new study shows America's foundations were swift, flexible and targeted in their response to the worst economic crisis since the Great Depression – using on-the-ground knowhow to make a significant impact. The study from The Philanthropic Collaborative (TPC) is the first of its kind to analyze the private-sector response to the crisis and shows that the federal government's response was not the only story.

Volume of Retail Trade Stable in Both Euro Area and EU27

added: 06-05-2010

In March 2010, compared with February 2010, the volume of retail trade remained stable in both the euro area (EA16) and the EU27. In February retail trade fell by 0.2% in the euro area, but rose by 0.3% in the EU27.

Outsourcing Market Signals Steady Economic Recovery

added: 06-05-2010

North America recorded its best quarter of activity in the outsourcing market since the fourth quarter of 2008, and the global sourcing market continues to give signals of a recovering global economy, according to Everest, a global consulting and research firm. Transaction volumes for the first quarter of this year, valued at US$3.9 billion in annual contract value (ACV), maintained a steady, even pace for the third consecutive quarter.

Discover® U.S. Spending MonitorSM Jumps 5.5 Points in April 2010

added: 06-05-2010

Consumer confidence rebounded in April, fueled by a distinct change of heart among 18- to 39-year-olds about the state of the U.S. economy, according to the Discover U.S. Spending Monitor.

Small Businesses Believe They Will Lead the U.S. out of Recession

added: 06-05-2010

FedEx Office, an operating company of FedEx Corp. released the results of its third annual Signs of the Times national small business survey, just ahead of National Small Business Week. The study found that small business owners are eager to lead the charge out of the country’s protracted recession – with almost three-quarters (72 percent) saying they will be the driving force behind the U.S. economic recovery in 2010. In fact, 51 percent of the small business owners polled say their businesses have already or will fully recover by the end of this year.

IT Industry Business Confidence Highest among Companies in China and India

added: 06-05-2010

Information technology (IT) companies in China and India are notably more bullish on prospects for business growth in the next six months than their counterparts in the United States, United Kingdom and Canada, according to a new survey from CompTIA, the leading trade association for the global IT industry.

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