Premier Li Keqiang has pledged "firmer resolve and greater efforts" to tackle the long-standing problem of industrial overcapacity as "old growth drivers" such as manufacturing and investment continue to struggle. China is experiencing a ...
Tags: high-tech industries, Overcapacity
China collected 5.94 trillion yuan (969 billion U.S. dollars) in taxes in the first half of this year, up 6.3 percent year on year, new data showed on Monday. The growth pace was in line with the overall economic growth in the first six ...
Tags: Tax Revenue, China economy
The U.S. trade deficit in December jumped to the highest level in more than two years as exports fell and Americans bought a record amount of imports — a potentially worrisome development that could weigh on overall economic growth. ...
Tags: Trade Deficit
US manufacturing expanded for the 14th straight month in July in a good sign for the overall economy. The Institute for Supply Management, a trade group of purchasing managers, reported Friday that its manufacturing index rose to 57.1, ...
In response to the March 2014 Job Report, The National Retail Federation (NRF) today issued the following statements. "After a long, harsh winter that put many retailers at a disadvantage in terms of inventory control and staffing their ...
The U.S. economy grew at a 2.6 percent annual rate in the October-December quarter, slightly more than previously estimated, as consumer spending rose at the fastest pace in three years. The fourth-quarter growth rate was a bit stronger ...
Tags: U.S.economy, BMO Capital Markets
Americans spent more in January, but the increase came from a surgeA transient variation in the current and/or potential at a point in the circuit. in spending on heating bills during the harsh winter. Spending in areas such as autos and ...
Tags: Energy Costs, durable goods
The mood of German consumers was notably buoyant at the start of 2014. Both economic and income expectations as well as willingness to buy improved, in part quite considerably. Following a revised value of 7.7 points in January, the overall ...
Tags: German consumers
China is facing a downward pressure on its economy growth according to the Purchasing Managers’ Index for the manufacturing sector. It fell to 51 percent in December, down from 51.4 percent in November. This newly released official ...
Tags: China's PMI, economy growth
China's manufacturing grew at its strongest rate in 18 months in December but new exports fell from the previous month due to weak global demand, a survey showed Monday. HSBC Corp. said its monthly purchasing managers' index rose to 51.1 ...
Rising domestic demand provides firm basis for expansion in the industrial sector British bank HSBC Holdings Plc said that China's manufacturing Purchasing Managers' Index will rise to a seven-month high of 50.9 in October, up from 50.2 ...
Tags: domestic demand, Chemicals
An update of key elements of a 2012 report on the impact of federal regulations on the manufacturing sector finds that the problems continue to persist, and in fact have increased in 2013. NERA Economic Consulting's update of a report ...
The American Trucking Associations' (ATA) advanced seasonally adjuted (SA) For-Hire Tonnage Index rose 1.4 percent in September. "I continue to be pleasantly surprised on the strength of truck tonnage," ATA Chief Economist Bob Costello ...
Tags: Transportation, Truck
US for-hire truck tonnage spiked 1.4% in September, matching August's gain. The American Trucking Associations (ATA) reported that the seasonally adjusted truck tonnage index is up 8.4% compared to September 2012, marking the largest ...
Tags: Transportation, truck
Best figures in 16 months suggest overall economic situation improving China's manufacturing industry picked up in August to its highest level since May 2012, suggesting a steady improvement of the overall economic condition, official ...
Tags: Manufacturing, economy