Category : Economy

Depressed manufacturing activity due to a cold wave has affected new jobs aacording to the ADP National Employment Report, Team IFM reports Roseland, NJ, February 8: Depressed manufacturing activity in severe cold weather conditions dragged down recruitment in the American manufacturing sector in January, according to payroll-processing firm ADP’s monthly National Employment Report released ahead...

Central bank signals preference for low but stable interest rates, lower exchange rates but sparks rally in currency, Team IFM reports Sydney, February 6: Announcing a policy shift, Australia’s central bank moved away from its easing bias towards a more neutral monetary policy stance on Tuesday to leave the overnight bank rate unchanged at 2.5...

Dismal EU retail trade data ahead of a crucial ECB policy meet has raised the question whether expectations of an European economic recovery were too hasty, Team IFM reports Brussels, February 6: Christmas shopping seems to have brought little cheer for European retailers last December as sales fell compared to both the preceding month and...

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...