Economy : Page 896

Business insolvencies in Germany down 4% in 2015

March 14, 2016 In 2015 German local courts reported 23,123 business insolvencies. Based on provisional figures.

Ireland's GDP up 7.8 percent in real terms in 2015

March 14, 2016 Ireland's GDP growth for 2015 as a whole was 7.8 percent in real terms, up from 5.2 percent in the previous year, according to official figures.

Average daily output from manufacturing in the Netherlands up 2.8%

March 14, 2016 According to Statistics Netherlands (CBS), the average daily output generated by Dutch manufacturing industry in January 2016 was 2.8 percent up from the same month last year.

China January-February housing sales up 49.2% on year

March 14, 2016 China's housing sales in the first two months of the year continued to accelerate as the authorities continued to loosen measures meant to encourage consumers to buy homes.

Italian industrial production increased 1.9%, employment stable

March 14, 2016 In January 2016 the industrial production index seasonally adjusted increased by 1.9% compared with the previous month, according to Istat.

Global manufacturing growth remains low, output up just 1.9%

March 12, 2016 World manufacturing production growth further slowed in the last quarter of 2015 with the growth of developing and emerging industrial economies weakening.

Downturn in Dubai’s private sector economy, output and orders contract

March 12, 2016 Private sector companies based in Dubai signalled the first deterioration in overall operating conditions since data collection began in 2010 during February.

Unemployment in Canada at nearly 3-year high

March 12, 2016 The Canadian economy unexpectedly shed jobs last month, pushing the unemployment rate to a nearly three-year high due mainly to a loss of full-time positions, data from Statistics Canada showed.

ECB cuts benchmark interest rate to record low of zero percent

March 12, 2016 The Governing Council of the European Central Bank (ECB) decided to cut the main refinancing operations rate for the euro area by 5 basis points to record low of zero percent.

U.S. import prices fall less than expected in February

March 12, 2016 U.S. import prices fell less than expected in February, data from the Bureau of Labor Statistics showed.

UK trade deficit narrows in January, widens with EU

March 12, 2016 The UK's trade deficit narrowed in January, official figures show, but its goods trade gap with the EU widened to a record level.

British Chambers of Commerce cuts UK growth forecast

March 11, 2016 The British Chambers of Commerce cut its forecast for economic growth, blaming a weaker global economy.