Australian building approvals decline in October

Source: RTT News
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 climb of 17%.
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Mon, 02 Dec 2013 15:29:07 GMT

Italian manufacturing expands amid rise in output and orders

Activity in the production sector of Italy continued to expand in the last month, as the increase in number of new orders and manufacturing output led the employment level in the country to show the first advance since May 2011. The benchmark PMI Index for the manufacturing sector of Italian economy jumped to 51.4 points in November against 50.7 in

Mon, 02 Dec 2013 14:43:05 GMT

Spanish manufacturing returns to contraction

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

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