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China: Consumer Price Index Kept Growth in September 2008

added: 22-10-2008

In September, consumer price index rose by 4.6 percent over the same period of the previous year. Of which, urban area and rural area was up by 4.4 and 5.3 percent respectively; the price of foodstuff, non-foodstuff, consumable and services expanded 9.7, 2.0, 5.7 and 1.2 percent respectively. CPI kept general level month-on-month; the price of foodstuff was down by 0.3 percent, of the total, fresh vegetable and fresh egg surged 1.1 and 5.1 percent, respectively.

Euro Area and EU27 Government Deficit at 0.6% and 0.9% of GDP Respectively

added: 22-10-2008

In 2007, the government deficit of both the euro area (EA15) and the EU27 fell compared with 2006, while the government debt increased in absolute terms. In the euro area the government deficit decreased from 1.3% of GDP in 2006 to 0.6% in 2007, and in the EU27 it fell from 1.4% to 0.9%. In the euro area the government debt to GDP ratio fell from 68.5% at the end of 2006 to 66.3% at the end of 2007, and in the EU27 from 61.3% to 58.7%.

China: Total Retail Sales of Consumer Goods Shot up in the Third Quarter

added: 22-10-2008

In the third quarter, the total retail sales of consumer goods reached 7,788.6 billion yuan, a year-on-year increase of 22.0 percent.

Income Inequality and Poverty Rising in Most OECD Countries

added: 22-10-2008

The gap between rich and poor has grown in more than three-quarters of OECD countries over the past two decades, according to a new OECD report.

World Bank: New report urges Support for Pension Reform in Southeast Europe

added: 22-10-2008

With their ageing populations growing in size, countries in Southeast Europe must undertake strategic pension reforms to safeguard the old-age security of their retiring citizens, according to a new World Bank pensions report.

Fitch: Global Credit Growth to Halve as Financial Crisis Bites

added: 22-10-2008

Fitch Ratings says the global credit crunch will result in a halving of global real credit growth this year as the global financial system continues to de-leverage, risk aversion increases and the global economy slows.

Americans' Financial Security Sentiments Drop in October 2008

added: 22-10-2008

The mounting economic crisis is eroding Americans' optimism in their financial security. The COUNTRY Financial Security Index(SM) slid 1.1 points to 68.8 in October, fueled by dramatic declines among men, pre-retirees and high income individuals.

Mortgage Rates Take Off After Volatile Week in Stock Market

added: 22-10-2008

Mortgage rates surged last week, with rates for 30-year fixed mortgages increasing to 6.36 percent, up from 5.95 percent the week prior, according to the Zillow Mortgage Rate Monitor, compiled by leading real estate Web site Zillow.com®.

84 Percent of U.S. Consumers Are Confident in Their Own Financial Institutions

added: 22-10-2008

As the nation's current financial crisis continues to unfold, the Nielsen Company found that nearly 84 percent of consumers are just as confident, or more so, in their primary financial institution as they were six months ago, and that 95 percent consider the financial assets at their primary bank to be relatively safe.

The Leading Index for Germany Declined 0.2 Percent in August 2008

added: 22-10-2008

The Conference Board announced that the leading index for Germany declined 0.2 percent and the coincident index increased 0.5 percent in August.

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