Japanese exports surged in June but the increase was less than in the previous period. This resulted in speculations about the strength of the recovery. Japan’s finance ministry reported that exports rose by 27.7% to €52 trillion. Nevertheless, analysts stated that exports would continue to lose pace in the next months. The higher rate of the Yen would affect Japan’s exports in the coming months.
British economy grew by 0.3%
The British economy expanded by 0.3% in the first quarter of 2010, according to the most recent official data. The corrected gross domestic product figures match the revised data provided by the Office for National Statistics (ONS) in June. The release of the data concerning the
Read more...Growth Europe’s services and manufacturing industries decelerated
Growth in European services and manufacturing industries lost pace last month. It was the second month of growth deceleration. This second slowdown raises speculations that the recovery is weakening. A combined indicator based on an inquiry of eurozone purchasing managers in both industries dropped from 56.4 in May to 56 in June. Markit Economics revealed these figures today. The reading approaches last month’s forecast.
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