Airlines will face weak demand

Note: This section contains information in English only.
Source: Marketwatch
© Scanpix/AFP

Airlines will face weak demand from the European market in 2012 due to turmoil across the spreading debt-crisis that may pull the industry into losses, reported the International Air Transport Association. The industry income prospects are lowered from $4 billion to $3.5. The losses can amount $8 billion being the highest since 2008 crisis.

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Wed, 07 Dec 2011 14:35:51 GMT

UK manufacturing production declines unexpectedly

UK manufacturing production decreased more than expected in October, according to official data. Manufacturing production of the country declined by 0.7% in October as compared to 0.1% in September. Experts predicted slight decline of 0.1%. On a yearly basis, manufacturing production increased by 0.3% while the expected gain was 1.4%.

Wed, 07 Dec 2011 14:58:11 GMT

UK Manufacturing output drops in October

UK industrial output declined more than was previously predicted by economists as escalating European debt crisis hurt demand for UK's export goods. Factory output lost 0.7% compared to September which is the biggest drop since April, said Office for National Statistics today. On yearly basis, however, manufacturing output added 0.3%.             

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