French new-car registrations decline by 18% last month

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Source: Marketwatch

France's new car registrations tumbled 18% last month on a yearly basis. The decline was expected by analysts. French car manufacturers saw a 29% drop in registrations, while foreign producers faced only a 4.3% fall last month. During the 2011, new car registrations dropped 2.1% with Peugeot Citroen seeing a fall by 4.9% and Renault experiencing a decline of 9.6%.

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Mon, 02 Jan 2012 14:07:32 GMT

China saw production improvement

China saw an improvement in core gauge of manufacturing that increased optimism over the stable economic expansion in 2012. The PMI increased to 50.3 in December as compared to 49 in November on the improved demand during the holidays. The December figure indicates that significant slowdown is not expected to occur this year, reported CFLP.

Mon, 02 Jan 2012 16:44:39 GMT

Europe leaders expected difficulties in 2012

European leaders warned that 2012 may be a challenging year as many experts predict the recession to persist. Angela Merkel said the next year would be the 'most severe check in decades' while France's President Sarkozy claimed the recession is not finished and the President of Italy called for sacrifices needed to combat the crisis.

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