Personal spending escalates less than predicted

Note: This section contains information in English only.
Source: Bloomberg
Consumer spending grew less than expected in November as salaries decreased first time in last three months, indicating US recovery might not be as fast as previously estimated. Economists surveyed by Bloomberg forecast spending increase between 0.2% and 0.6%. Personal income added 0.1% in November. Drop in wages harmed growth in spending, said Yelena Shulyatyeva, BNP Pariba's economist in New York.

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Tue, 27 Dec 2011 07:43:44 GMT

Asian markets extend losses on Tuesday trade

Asian stock markets experienced a decline on Tuesday, as South Korean shares fluctuated and Chinese stocks dropped amid worries about country's economic outlook. South Korea's Kospi erased early gains and closed 0.6% or 11.1 points down at 1,845.11. China's Shanghai Composite lost 0.45% or 10.5 points down at 2,179.02, while Nikkei Stock Average gave up 0.41% or 34.2 points at 8,445.05. Markets in Hong Kong and in

Fri, 23 Dec 2011 16:38:21 GMT

UK services output declines in October

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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