Economy : Page 943

Dutch consumers confidence increased in November

November 24, 2015 Dutch consumers grew slightly more confident in November. The seasonally-adjusted consumer confidence indicator produced by the Central Bureau of Statistics (CBS) inched up from October’s 8 points to 9 points in November. Consumers had not been this confident since August 2007.

British public finances in worst October deficit since 2009

November 23, 2015 According to the Office for National Statistics, UK's headline public borrowing rose to £8.2bn last month from £7.1bn in the corresponding period in 2014, exceeding forecasts for a £6bn reading.

Public finance reform inevitable for some oil exporting economies

November 23, 2015 Oil prices are expected to remain lower, for longer. According to PwC, this bears some resemblance to the decade-long oil price drop recorded from the mid-1980s onwards.

China shifting from nation of producers to consumers

November 23, 2015 China is transformed from a nation of producers to a nation of consumers, said Stephen Roach, senior fellow of Yale University's Jackson Institute of Global Affairs.

Draghi says ECB to act quickly to raise inflation if needed

November 23, 2015 European Central Bank (ECB) President Mario Draghi said the ECB would act quickly to raise inflation if needed.

Conference Board Leading Economic Index for China increased

November 23, 2015 The Conference Board Leading Economic Index (LEI) for China increased 0.6 percent in October to 341.7 (2004 = 100), following a 1.6 percent increase in September and a 0.9 percent increase in August.

Middle East must invest $700 billion in oil

November 21, 2015 The Saudi Oil minister Ali Al-Naimi estimates that $700 billion will be required to finance energy industry projects in the Middle East over the next ten years.

Latin America's economic prospects not so good in 2016

November 21, 2015 Trade and financial shocks in the form of collapsing commodity prices and reduced availability of external financing have worsened Latin America's economic prospects in the past year.

Conference Board index for U.S. rose sharply in October

November 20, 2015 The Conference Board Leading Economic Index (LEI) for the U.S. increased 0.6 percent in October to 124.1 (2010 = 100), following a 0.1 percent decline in September, and a 0.1 percent decline in August.

China's property market sees weaker price increases

November 20, 2015 China's real estate sector reported slower recovery in October, with new home prices in a declining number of surveyed cities registering month-on-month rises.

Average wages in Spain at lowest level since 2007

November 20, 2015 Average wage in Spain has fallen to its lowest level since 2007, according to figures released by the Spanish Ministry of Finance.

Japan surprises with trade surplus of $902 million

November 20, 2015 Japan posted a trade surplus last month as the value of energy imports slumped on falling oil prices, official data showed.