UK services output declines in October

Note: This section contains information in English only.
Source: Bloomberg
UK services output dropped to 6-month low in October. Services that account for about 75% of the nation's economy tumbled 0.7% compared to September. Transport, communications and storage were down 2.5% whereas distribution, restaurants and hotels edged down 0.2%. Finance and business services lost 0.7%.

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Fri, 23 Dec 2011 12:51:57 GMT

China to stick to tough property policies

Experts claim that even despite slowdown in China's economy the government is likely to continue strict control over the real estate market. There is a pressure on the government to ease the policy, especially from the side of property developers and regional governments; however, officials believe policy loosing will lead to deteriorated credibility of the government.

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