Chicago business activity little changed in October

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Source: RTTNews
© Scanpix/FP
Chicago-area's business activity was little changed in October, the Institute for Supply Management – Chicago showed on Wednesday. The business barometer rose to 49.9, down from 49.7 in the previous month, indicating a contraction. New orders index jumped to 50.6 from 47.4, while production index slid to 51.8 from 55.4, and employment index dropped to 50.3 from 52.0.

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Thu, 01 Nov 2012 06:57:06 GMT

European equities edge higher on positive Chinese data

After falling on Wednesday due to disappointing reports of BG Group, ArcelorMittal and Barclays, today European shares opened higher as data indicated signs of growth in China's manufacturing sector. The purchasing managers' index advanced to 50.2 this month from 49.8 the prior month. Experts said Chinese economy is recovering after suffering from decreased exports.

Fri, 02 Nov 2012 09:39:49 GMT

Retail sales in Germany gained more than expected

Destatis reported on Wednesday that Germany's retail sales grew more than expected in September. Retail sales advanced by 1.5% on a seasonally adjusted basis last month, compared to a revised down figure of 0.1% in the preceding month. Economists, however, expected a more moderate increase of 0.3%.

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