US industrial production declines

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

US industrial production decreased in November being led by fell in automotive sector, according to Federal Reserve. The production contracted by 0.2% in November on the rapid drop of 3.4% in production of the automobile industry. Analysts expected the indicator remain flat after 0.7% increase in the preceding month.

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Thu, 15 Dec 2011 16:01:59 GMT

US jobless claims hit the lowest level since 2008

The number of jobless claimants decreased essentially last week approaching to the lowest level since 2008 signalling on recovery of the US economy. The amount of the jobless claims tumbled by 19,000 to 366,000 on a seasonally adjusted basis. Experts predicted the claims would rise on a seasonally adjusted basis to 390,000.

Thu, 15 Dec 2011 15:06:46 GMT

China to impose higher tax on US vehicles

China plans to levy duties on the some vehicles produced in the US amid the recent disputes between two countries. Chinese commerce ministry announced the US cars are dumped on the China's market impacting the domestic industry. The increase in tax followed the WTO approval of the rise in import duties on China's tyres in the US.

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