U.K. construction index rise, indicating expansion

Source: Bloomberg
© Scanpix/Reuters
U.K. construction activity index unexpectedly rose to 50.8 in May from 49.4 a month ago, indicating a growth in the sector. It was the first time the sector grew since October 2012. The index increased due to expanding residential activity, while civil engineering and commercial construction output contracted. Rising construction output is expected to support economic growth in Q2 2013.
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Tue, 04 Jun 2013 12:42:00 GMT

Czech economic output decreases in Q1

Czech GDP contracted 1.1% in Q1 compared with the previous quarter, which was worse than expected 0.8% decrease. It was sixth straight quarter when Czech economic output shrunk, the longest recession since 1996, as European debt crisis decreased export demand and lead to less spending by businesses and households. Policy makers are considering an intervention to weaken the Koruna.

Tue, 04 Jun 2013 11:02:41 GMT

Spain registers record exports

Spain registered record high exports worth EUR223 billion last year and the first trade surplus in March 2013 since 1971, an indication that economic crisis in the country might fade away. The trade balance moved to surplus as imports dropped 15% and foreign sales increased 2%. Meanwhile, Spanish Labor Ministry issued data today, which showed that number of citizens signing

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