Japan's jobless rate fell to 4.3%

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Source: Bloomberg
Japan's unemployment rate unexpectedly fell by 0.1% to 4.3% in June, beating economists' expectations, who estimated the rate to remain unchanged at 4.4%. This is an optimistic sign for the Japanese economy, which is struggling with the Yen's strengthening 6 % against the US Dollar since March and curbing export demand due to the Eurozone debt crisis.  
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Tue, 31 Jul 2012 07:29:50 GMT

Euro bloc economic confidence falls

Eurozone economic confidence declined more than expected, falling to the lowest level in almost 3 years in July, indicating economic recession extended into the Q3 as policy makers have been struggling to combat the debt crisis. Executive and consumer sentiment index dropped from 89.9 to 87.9 in June, the lowest level since September 2009.

Tue, 31 Jul 2012 06:36:50 GMT

South Korea's industrial production declines

South Korea's industrial output fell 0.4% in June for the first time in 3 months, after climbing 1.3% in May. The decline of the industrial production was caused by the worsening Eurozone debt crisis and China's slowing economy, which curbed export demand. Manufacturer's confidence declined to a 3-year low for August, after the slowest economic growth in 3 years. 

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