Economy : Page 927

Industrial producer prices down by 0.2% in euro area

January 8, 2016 In November 2015, compared with October 2015, industrial producer prices fell by 0.2% in the euro area (EA19) and by 0.3% in the EU28, according to estimates from Eurostat.

World Bank cuts 2016 global growth forecast to 2.9 percent

January 8, 2016 The World Bank cut global growth forecast for 2016 down to 2.9 percent, saying that weak growth among major emerging markets will weigh on global growth in 2016.

Anemic recovery in emerging markets this year

January 7, 2016 Weak growth among major emerging markets will weigh on global growth in 2016, but economic activity should still pick up modestly to a 2.9 percent pace.

U.S. trade deficit narrows with goods imports near 5-year low

January 7, 2016 The U.S. trade deficit narrowed in November likely as efforts by businesses to reduce an inventory overhang pushed imports of goods to their lowest level in nearly five years, outpacing a drop in exports.

UK manufacturing sector growing at slowest pace for 3 months

January 7, 2016 The UK manufacturing sector grew at its slowest pace for three months in December, a survey has indicated.

French consumer confidence steady in December

January 7, 2016 French consumer confidence was stable in December for the third consecutive month, belying concerns that the November terror attacks would rattle households in the eurozone's second-largest economy.

Foreign investment in China hits record in 2015

January 7, 2016 Foreign investment in China reached a record $126 billion in 2015, according to new official data.

U.S. manufacturing contracted for second straight month

January 6, 2016 U.S. manufacturing activity contracted for the second straight month in December as a strong dollar, a weak global economy and low oil prices continued to hamper the industry.

UK construction PMI bounces back in December

January 6, 2016 The UK construction sector rebounded in December from a seven-month low, led by commercial building activity.

Brazil's economy to contract nearly 3% in 2016

January 6, 2016 Analysts expect Brazil's economy to contract by 2.95 percent this year after contracting by 3.71 percent in 2015, marking the biggest drop in economic output in 25 years, the Central Bank said.

Eurozone inflation holds steady in December

January 6, 2016 Eurozone consumer prices rose less than expected in December, figures released by Eurostat showed.

Russian trade surplus narrows drastically in November

January 6, 2016 In November, Russia’s trade surplus registered $8.6 billion. The result was well below both the $10.1 billion observed in October and the $13.7 billion observed in the same month of the previous year.