Credit card spending in New Zealand declines in October

Source: RTT News
Spending with credit cards in New Zealand decreased for the second month in a row in October of the current year. The overall credit card spending lost 0.8% from September after a 0.1% drop in that month. It is worth pointing out that domestic spending with credit cards issued in the country slumped 0.9%, while overseas billings dropped 1.1%. On the annual basis spending added 3.2%.
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Thu, 21 Nov 2013 08:09:08 GMT

Singapore raises growth forecast amid stronger expansion in Q3

Singapore officials raised the growth forecasts for the current and next years, as the economy advanced faster than expected in July-September quarter. The new forecasts predict a 3.5-4% growth in 2013 and a 4% expansion in 2014. The country's GDP increased 5.8% in Q3 on the annual basis. Analysts say that all Asian economies are now benefiting from U.S. Fed's

Thu, 21 Nov 2013 06:29:05 GMT

Activity growth in Chinese manufacturing declined in November

Activity in Chinese manufacturing continued to grow in November of this year, however, the pace of increase slowed slightly. The benchmark PMI Index from the HSBC bank, which measures the activity level in this particular sector of Chinese economy, posted a decline to 50.4 points from 50.9 points a month earlier. At the same time, the index above 50 points

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