Japan will increase sales tax next April: Shinzo Abe

Note: This section contains information in English only.
Source: RTT News
© Scanpix/RS
Prime Minister of Japan Shinzo Abe declared that the country's government will rise up the sales tax in April 2014 as planned and the new stimulus package was confirmed to be JPY 5 trillion, a document published by the Cabinet Office showed on Tuesday. The consumption tax will be increase by the government from current level of 5% to 8% by next April.

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Wed, 02 Oct 2013 05:36:03 GMT

Spanish factory sector growth slows down in September

Spain's manufacturing sector improved for the second successive month in September as the operating conditions rose, however, the pace of growth was smaller than in the month before, the Markit Economics reported on Tuesday. The report showed that the factory sector purchasing managers' index fell from 21.1 in August to 50.7 in September.

Wed, 02 Oct 2013 05:14:06 GMT

U.S. manufacturing sector rises more than forecast

Business activity in the U.S. manufacturing sector accelerated for the fourth successive month in September, when the pace of growth exceeded original estimates, a report released by the Institute for Supply Management unveiled on Tuesday. The report showed that the purchasing managers' index rose from 55.7 in August to 56.2 recorded in September.

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