Category : Economy

Manufacturing tempo has picked up in Europe with even Greece moving back into growth territory for the first time since August, 2009, Team IFM reports Brussels, February 5: In a nod to rising economic confidence in the Euro zone, regional manufacturers went on a swift canter in January, riding a wave of new orders that...

US manufacturing drags in frigid January, global recovery on track,Manufacturing activity in the US slowed in January mainly due to severe cold weather conditions while global recovery is on track, reports Team IFM New York, February 4:  American manufacturing activity slowed considerably in January mainly on account of severe cold weather conditions, a slowdown in...

The January Economic Sentiment Indicator for the Eurozone rose for the ninth straight month, reports Team IFM. Brussels, February 3, 2014: Economic confidence in the Eurozone grew for the ninth straight month in January, with the Economic Sentiment Indicator – an index to gauge confidence levels – gaining 0.5 points, data from the Business and...

A surge in exports has pushed up Indonesia’s trade surplus in December to more than expected levels, manufacturing has picked up but inflation and currency worries remain, Team IFM reports. Jakarta, February 3: Disaster-scarred Indonesia’s trade balance for December, buoyed by a stellar export show across segments including oil and gas, grew $1.52 billion surpassing...

Indian manufacturing has moved into higher gear for first time in 10 months, Team IFM reports. Mumbai, February 3: Indian manufacturers rode a spurt in demand from domestic and overseas clients to register the sector’s fastest growth over the past 10 months in January, signalling an improvement in operating conditions, HSBC said on Monday. The...

Delivering On Our Promise 1st Febuary 2014 As we move into the second month of 2014, dear readers, there are things to cheer and things to worry about. The good news is that the world’s largest single-country economy, the US, seems to be well on the path of recovery and there are expectations that the...

Industrial output in Japan grew 1.1 percent in December and January may see sharpest expansion in eight years, reports Team IFM. Tokyo, January 31: Japan’s industrial production in December grew 1.1 percent from the previous month, an increase for the first time in two months, official data released on Friday showed even as the government...

The Turkish central bank may further tighten liquidity with Lira sliding again after its biggest gain in five years from massive rate hike, reports Team IFM Istanbul, January 31: The Turkish lira recorded its biggest gain in five years on the heels of a bumper rate hike by the country’s central bank on Tuesday, only...

Midlife Crisis in Emerging Markets 31st January 2014 Argentina is an intersting case study of the kind of turmoil that emerging markets are going through following the start of the Fed’s QE “tapering”, says Jagannadham Thunuguntla, Chief Strategist, SMC Global Securities Limited The performance of emerging markets over the next few months will play a...

As was widely anticipated, the US Fed continued with its “tapering” plan to cut asset purchases by another $10 billion a month while leaving interest rates unchanged, Team IFM reports Washington, January 31: As was widely anticipated across all markets, the US Federal Reserve Bank announced on Wednesday that it will reduce its asset purchase...