Indonesia to attract investments amid slowing GDP growth

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Source: Bloomberg
© Scanpix/FP
Indonesian government plans to allow foreign companies to invest in country's ports and airports, while the economic growth in the country decreased to 5.6% in the third quarter of this year. Moreover, Indonesian economy faces declining foreign investment, high inflation level and dropping national currency's exchange rate. In the second quarter the country's economy added 5.8%.
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Wed, 06 Nov 2013 15:49:04 GMT

Eurozone retail sales in September dropped more than expected

Retails sales in Eurozone declined 0.6% in September, missing analysts' forecast of 0.4% decrease, the Eurostat said, while the retail sales on annual basis added 0.3% in September. The GDP's estimated 0.4% decline in Eurozone, together with nation's debt-to-GDP ratio at 93.4% and record high unemployment rate of 12.2%, are most likely to be the reasons for such market reaction

Wed, 06 Nov 2013 15:27:06 GMT

German factory orders jumped unexpectedly in September

German factory orders gained 3.3% in September, exceeding significantly the analysts' expectations of only 0.5% advance, following the 0.3% fall in August, the Federal Ministry of Economics and Technology data revealed on Wednesday. The October‘s Purchasing Managers' Index remained above 50 and advanced to 51.7 points, 0.2 points higher than estimated, while the services PMI declined to 52.9 in October,

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