Indonesian economy expands most since 1996

Source: Bloomberg
Indonesian economy expanded in 2011, reaching record high pace since pre-Asian crisis period in 1996. Indonesia's annual GDP added 6.5% compared to predicted 6.44% growth. Indonesia has outperformed its neighbour countries including Philippines and Thailand. A rapid private consumption growth signals surging customer confidence despite global uncertainty, suggest Bank Danamon Indonesia's economists. 
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Mon, 06 Feb 2012 07:54:06 GMT

Euro depreciates on Greek worries

17-nation currency declined against most of its counterparts on Monday Asian trade as investors awaited Greek officials' response to international creditor requirements. The Euro dropped 0.6% against greenback to USD 1.3085 and lost 0.3% against Japanese Yen, reaching JPY 100.46. Currently EUR/USD is trading at USD 1.3070 and EUR/JPY is trading at JPY 100.30. 

Fri, 03 Feb 2012 18:10:04 GMT

US factory orders posted 1.1% gain in December

US factory orders increased by 1.1% in December, reported the Commerce Department. The figure was below the expectations of a 1.4% increase. Shipments soared by 1.4% while unfilled orders climbed by 1.4%. At the same time, inventories rose by 0.1% while durable goods added 3.0% in December.

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