German overseas sales expanded at fastest pace this year while imports sank

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Source: RTT News
German exports jumped 1.7% to 94.7 billion Euros in September, well ahead of expected 0.6% growth, while inbound shipments edged down 1.9%, missing forecast of 0.4% increase, thus creating a record high trade surplus of 20.4 Billion Euros on monthly basis in September, from prior EUR 13.3 Billion in August. The US Treasury, in its report to Congress, blamed Germany for destabilizing the equilibrium of European economy.
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Fri, 08 Nov 2013 14:47:03 GMT

Canada unemployment stays flat as new jobs rise

Canadian economy increased the overall number of jobs by 13,200 in the previous month, while the jobless rate in the country stayed flat at 6.9%. At the same time, analysts expected the unemployment rate to reach 7%. Economists point out that the increase in employment level shows the average situation, while some regions of the country have posted a decrease

Fri, 08 Nov 2013 13:35:04 GMT

France's trade balance widens more than forecast in September

Trade balance in France came in deficit in September as the trade gap widened more than economists initially projected, a report unveiled by the French Customs showed on Friday. France's trade gap increased year-on-year to 5.824 billion euros in September from 5.067 billion euros recorded in the same month last year, while in August it was 5.085 billion euros.

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