Chinese exports declined 3.1% year-on-year in June, while imports fell 0.7%, missing expectations of respective increases of 4% and 8%, Reuters reported. The month marked the first decline in exports since January 2012. Export growth is ...
Tags: Chinese Exports
OPEC's collective oil export earnings rose 8.5% to $1.24 trillion in 2012 from $1.14 trillion in 2011, the oil producer group said Friday in its latest annual report. It stressed that the 2012 figure was a preliminary estimate. The group ...
Tags: OPEC, Oil Exports
Despite China's slowing economic growth, the retail industry in the world's second-largest economy will maintain sustainable growth in the medium and long term, commerce officials said on Thursday. Meanwhile, the industry is undergoing a ...
Tags: Retail Industry, economic growth
At the end of the second quarter this year, Germany's construction sector continued to rebound from its recent downturn. Markit's Germany Construction Purchasing Managers Index (PMI) climbed to a 15-month high of 54.5 in June, up from 50.6 ...
Tags: construction sector, Mineral
International credit rating agency Standard & Poor's has announced that it has raised the long-term corporate credit rating of Turkish steelmaker Eregli Demir ve Celik Fabrikalari T.A.S. (Erdemir) to 'B+' from 'B', with the outlook being ...
Tags: Turkey-Based Erdemir, Mineral
The acquired business has sales of approximately RMB440 million and two plants in the Jiangsu province in Eastern China. Two thirds of its sales are to the pharmaceutical, snacks and culinary end markets. According to Amcor, the acquired ...
Tags: Flexible Pack, Chinese Market
China's purchasing managers' index (PMI), a primary gauge of manufacturing growth, declined in June to the slowest reading in four months, Bloomberg reported, citing official data released today. The PMI declined to 50.1 last month from ...
Tags: PMI, manufacturing growth
Bank of China, one of China's big four state-owned commercial banks, has stated in a report that China's gross domestic product (GDP) growth is expected to rebound to 7.8 percent in the third quarter of this year, amid acceleration of ...
Tags: Chinese GDP
From 1 to 4 July, a business and institutional mission organized by Italian Trade Promotion Agency and ACIMIT, the Association of Italian Textile Machinery Manufacturers, will be travelling to Ethiopia. The mission is intended to strengthen ...
THE Australian dollar pared its gains after a change to the nation's leader and weaker-than-expected economic growth figures out of the US prompted an earlier rally. The local unit was trading at 92.75 US cents at 6.30am AEST,down from ...
Tags: economic growth, Australian Dollar, GDP, economic stimulus
World GDP growth stabilized during the first quarter of 2013 at a moderate rate. In particular, in the advanced economies the situation improved with financial stress being further reduced and stock prices rising. The acceleration of ...
Tags: GDP growth, financial stress, Euro Area, emerging economies
Strong industrial activity in early 2013 softened somewhat recently but the sector should have enough momentum to continue growth, according to the quarterly Manufacturers Alliance for Productivity and Innovation U.S. Industrial Outlook, a ...
Tags: Processing Machinery, MAPI, US
Textiles contributed US$ 621.8 million or 76 percent of the overall US$ 818 million increase in Pakistan’s exports during the first ten months of the current fiscal year over the corresponding period of previous fiscal, according to ...
Tags: Textiles, Pakistan's Export
Retail sales showed positive momentum to varying degrees in May, according to data released today by the United States Department of Commerce and the National Retail Federation (NRF). Commerce reported that May retail sales at $421.1 ...
Euratex held its General Assembly the 29th May in Brussels in presence of industrialists, Textile and Clothing (T&C) experts and EU officials under the theme “Textile and Clothing Industry in a changing economic environment”. ...
Tags: Euratex, Economic Environment