China's service sector eases in April

Source: RTT News
Growth of Chinese service sector slowed down to the lowest level in almost two years in April amid falling new orders and declining employment level on the month, the latest figures released by the Markit Economics and HSBC showed on Monday. The business activity index dropped from 54.3 to 51.1 in April from the month before, while the composite output index slipped from 53.5 to 51.1 in the same month.
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Mon, 06 May 2013 15:28:03 GMT

Eurozone's investor confidence rises less than forecast in May

Investor confidence in the 17-nation bloc increased in the month of May after it was falling in the previous two periods, a report released by the think-tank Sentix unveiled on Monday. According to the report the investor confidence index added 1.7 points, when it advanced from -17.3 recorded in April to -15.6 in May, however, it was expected to rise

Mon, 06 May 2013 15:06:03 GMT

Italy's economic outlook downgraded by Istat

Economic outlook of Italy for 2013 was downgraded by the statistical office Istat amid weak domestic demand overshadowing positive contribution of demand from other countries, while total investments are expected to drop on negative economic sentiment. Italy's economy is forecast to fall by 1.4% in 2013, downwardly revised from a 0.5% fall projected in November.

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