Eurozone private sector shrunk less than expected in November

Source: RTT News
© Scanpix/AP
The composite output index, indicating the combined output of manufacturing and service industries, increased to 46,5 in November, comparing with 45,7 in October, as a survey by Markit Economics revealed on Wednesday. The downturn continues in both sectors and analysts say that the EU will face a considerably bigger loss of GDP in the fourth quarter than it was 0.1% loss in the third quarter.
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Wed, 05 Dec 2012 16:02:35 GMT

Norway current account reaches a bigger surplus in Q3

Norway's current account surplus increased to 96 million Norwegian Krona in the third quarter, comparing with 86 million Norwegian Krona in the second quarter. Account surplus increase was mainly driven by strong improvements in income and transfer account - the surplus on the income and transfer balance was 29 billion Norwegian Krona in the third quarter, recovering from a deficit

Wed, 05 Dec 2012 15:40:35 GMT

Swedish service sector contracts in November

The purchasing managers' index for a service sector was 46.2 in November, slipping from 50.2 in October, as Swedbank's survey revealed on Wednesday. That was the lowest level since August 2009. Volume of corporate business and new orders had the biggest negative effect for the index. The employment index felt in the slowest pace since August during this year.

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