US industrial output steady in March

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Source: Forexpros
US industrial production was almost unchanged in March, remaining unchanged for the second month in a row, according to the US Federal Reserve. Experts predicted the US industrial production to advance by 0.3% last month after steady figure in February. However, the capacity utilization rate declined to 78.7% in line with forecast from 78.7% in February.


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Wed, 18 Apr 2012 13:20:27 GMT

China to face moderate growth of 8.2% in 2012

China's economic expansion is likely to decelerate this year to 8.2% but it is expected to rebound next year, reported the IMF. The main drive for the country's economy will be domestic consumption, the fund added.  The IMF report boosted hopes that China will escape hard landing despite drastic measures to slow down overheated economy.

Wed, 18 Apr 2012 12:20:11 GMT

Italy faced the largest car sales slump among the EU members

The auto sales in Italy tumbled by 26.7% last month on an annualized rate, indicating the largest fall among the EU countries. The overall car sales in the EU dropped by 7.0% in March, declining to the 14-year low, reported an Association of European Automakers.  The second largest slump was in France where car sales decreased by 23.2% in March

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