Economy : Page 917

Weak final quarter for 2015 and slow momentum in 2016

February 1, 2016 The year ended on a weak note with the U.S. Bureau of Economic Analysis today reporting 0.7 percent annualized growth in real Gross Domestic Product for the fourth quarter.

Chicago PMI surges past expectations in January

February 1, 2016 The Chicago Purchasing Managers' index rose to 55.6 in January from 42.9 the previous month.

UK personal insolvencies fall to 10-year low

February 1, 2016 The number of people declared insolvent fell to its lowest level in 2015, according to the Insolvency Service.

Business operations in Spain fell to the levels of 20 years ago

February 1, 2016 Consumption continued to rise in Spain contributing to the country's economic recovery, the economics newspaper Expansion reported citing the Bank of Spain.

UK house prices rise 6.4% in December, London jumps highest

February 1, 2016 UK house prices rose 6.4% to an average of £188,270 in December compared to the same month a year ago, the Land Registry data showed.

China's budget deficit to reach $336 billion, 3% of GDP

February 1, 2016 China's proactive fiscal policy will continue in 2016 and its general public budget deficit will expand, the China International Capital Corp. (CICC) said in an analysis note.

IMF recommends fiscal adjustment in Bahrain

January 30, 2016 The falling oil price has affected the Bahraini economy, with sluggish Gross Domestic Product (GDP) growth, rising revenues, and a widening debt and fiscal deficit.

Ukraine's central bank downgrades growth forecast for 2016

January 30, 2016 Ukraine's central bank lowered its estimate for the country's gross domestic product (GDP) growth in 2016 to 1.1%, down from an earlier projection of 2.4%.

South Korean manufacturing sentiment hits 7-month low

January 30, 2016 South Korean manufacturing companies' business sentiments sank to the lowest level in seven months amid still sluggish consumer spending, a poll showed Friday.

China's economic slowdown is normal process

January 30, 2016 The slowdown of China's economic growth was a normal process towards sustainability where great business opportunities would be created, said a leading German business group.

Canada GDP advances 0.3% in November, wholesale biggest contributor

January 29, 2016 Canada's economy grew in November for the first time in three months. GDP rose 0.3% from a month earlier to 1.65 trillion Canadian dollars ($1.17 trillion), Statistics Canada said.

Employee confidence levels remains high in U.S.

January 29, 2016 More than one-third of workers (34%) believe more jobs are available and nearly 55% indicate they are confident in their ability to find a new job.