Spanish manufacturing returns to contraction

Source: Economic Times
Activity in the manufacturing sector of Spain started to decline once again in November of the current year, slumping for the first time in five months. The benchmark PMI Index, which measures the activity level in the sector, decreased to 48.6 points in November versus 50.9 a month ago. The reading below 50 points indicates a decline, while analysts awaited the indicator to rise to 51.3 points.
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Mon, 02 Dec 2013 14:54:23 GMT

Australian building approvals decline in October

The number of approvals for building in Australia contracted 1.8% in October of this year on a monthly basis, reaching in total 16,491. Economists, in turn, predicted the number of approvals to slump 5% after a revised 16.9% jump a month ago. The building permits surged 23.1% on the annual basis in October, which also exceed economists' forecasts for a

Mon, 02 Dec 2013 13:13:03 GMT

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