U.S. consumer spending increased in October

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Source: ABC News
Consumer spending in the United States jumped in October of this year, while salaries and wages still do not rise on the same pace. The indicator added 0.3% on a monthly basis after a 0.2% rise in September, while salaries advanced only 0.1%. Consumer spending accounts for more than 70% of the country's economy and its increase may lead to the stronger economic growth in the future.
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Fri, 06 Dec 2013 15:50:03 GMT

German factory orders decrease more than expected

The total number of new factory orders in Germany plummeted in October of this year more than economists initially expected, as they fell 2.2% on a monthly basis against a 1% decline, predicted by analysts. In September the indicator posted a revised 3.1% jump. At the same time, on the annual basis the total number of new orders in the

Fri, 06 Dec 2013 15:28:03 GMT

Loonie drops after North America's unemployment data

The Canadian currency declined after Canada and the U.S unemployment data were better than previously forecasted by economists. Canada's Dollar slipped 0.2% to C$1.0680 per U.S. Dollar as of 8:47 a.m. Toronto time, the Loonie reached C$1.0707 after Bank of Canada's rate announcement few days earlier. The Canadian Dollar has fallen 0.6% this week.

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