Investor confidence continues to fall as global growth slows

Note: This section contains information in English only.
Source: Bloomberg

German investor confidence continues to decline for several months in a row. Index of analysts and investors expectations published by Mannheim-based Center for European Economic Research declined from 16.9 below zero in June to -19.6 in July. This reading shows predicted economic development. Austerity measures in Eurozone are slowing global growth significantly. Moreover, on Monday, July 16, the IMF decreased the following year's global growth forecast from 4.1% to 3.9%.

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Tue, 17 Jul 2012 15:07:13 GMT

U.S. manufacturing output jumped in June

Despite the fact that factories are facing the challenges from slowing down global economy, high unemployment rate in the U.S and stagnant income growth, U.S. manufacturing output increased in June. Output at factories, utilities and mines jumped 0.4 per cent, after erasing 0.2 per cent in the previous month. Moreover, capacity utilization also rose by 0.2 per cent to 78.9 per cent.

Tue, 17 Jul 2012 14:41:15 GMT

The USA approaches recession

Bill Gross, co-founder of Pacific Investment Management, stated on Monday, July 16, that the USA is just near recession period. Commerce Department presented readings, showing that retail sales declined by 0.5% in June. Moreover, employment increase did not reach its estimated level. Citing Labor Department report, 80 000 people were newly employed in June 2012, though the projected increase was 100 000. Government securities

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