Situation on the German labor market is improving significantly
The situation on the German labor market has improved in September as part of the improved economic conditions and the usual autumn upturn unexpectedly clear . As the Federal Employment Agency ( BA) announced on Thursday , were adjusted for seasonal influences 40 000 fewer people unemployed than a month ago. Dow Jones Newswires had forecast a decline economists polled by only 20,000.
VDMA : Orders rise strongly again in August
New orders in the German mechanical and plant engineering in August continued to rise strongly. Compared to the same month the incoming orders rose by 45% in real terms , as the German Engineering Federation (VDMA ) said. The domestic business grew by 30 %, with foreign demand, there was an increase of 55 %.
Euro zone inflation rises in September , as expected to 1.8 %
The annual inflation in the euro area has accelerated in September as expected. As Eurostat in a preliminary estimate announced that increased the cost of living – measured by the Harmonised Index of Consumer Prices (HICP ) – by 1.8 % over the previous year. Economists had predicted precisely this development . In August the annual inflation rate was 1.6 %.
INSEE : France’s 2010 GDP grows by 1.6 %
France will achieve in the current year has been estimated by the statistics agency Insee economic growth of 1.6%. A communication from the Bureau of Statistics of Thursday states that the main growth drivers are likely to be the export and consumption of households. The household expenditure in the current year are expected to rise 1.4% and exports by 9.7 %.
French producer prices in August by 3.5% over previous year
The pressure on prices at the producer level in France has changed little in August . Producer prices increased in August in a single month by 0.1 % and were up 3.5 % year on year , statistics agency Insee reported as . Economists had forecast a monthly rise of 0.2% and an annual rate of 3.5 %.
Italy’s annual inflation remains at 1.6 % in September
Annual inflation in Italy has not increased in September , contrary to expectations . The inflation rate remained at 1.6 % on the previous month , as the statistics office Istat announced , based on preliminary calculations. Economists had forecast a rate of 1.7 %.
Denmark for second quarter growth revised upwards
Denmark’s economy is in the second quarter expanded more strongly than previously reported . As the Statistics Office reported during the second publication, the gross domestic product ( GDP) of the country between April and June 2010 by 1.7 % over the previous quarter. In the first pass only growth was reported by 1.0 %.
Ifo : Equipment investments take at least 2010, at 6%
The Ifo Institute for Economic Research for the year predicted an increase in the German capital spending " at least 6 % over the previous year . "The Ifo indicator of investment , which is determined jointly with the Federal Association of German Leasing Companies can , for the current year, expect a remarkable dynamics of the investment , "said the institute.
Trichet : Big banks still need to be more resilient
The President of the European Central Bank ( ECB) has praised the new rules for global financial regulation as balanced, but simultaneously called for more stringent rules for systemically important banks. "Our agreement meets the right balance between the aim to strengthen the resilience of the financial system and prevent the need to excessively harsh impact on national banking systems, " said Jean -Claude Trichet in Brussels.
ECB shares at 6 -day repo transaction to EUR 29.443 billion
The European Central Bank ( ECB) has allocated funding for its business for a period of 6 days EUR 29.443 billion . So that the bids were served by 50 institutes to come as the ECB said. The tender has a fixed interest rate of 1.00 %.
Taiwan’s central bank raised interest rates by 12.5 basis points
Taiwan’s central bank raised its key interest rates, a reason, the robust economic recovery and rising price pressures referred to in the country. The discount rate increases by 12.5 basis points to 1.500% as the central bank said .
DJG / apo / mrf