Industrial recovery underway: Economic Survey

October 13th, 2009 WASHINGTON - More than 80 percent of top US economists believe that America has started pulling out of its worst downturn since World War II, but they expect a slow and painful recovery, according to a new survey. Most economists agree the US recession that started almost two years ago is finally over, but they don't expect meaningful improvement in jobs, credit or housing for months to come, according to the survey by the National Association for Business Economics (NABE).

October 12th, 2009 NEW DELHI - India's industrial recovery is well on track and the manufacturing output would expand by 7.5-8 percent this fiscal, a key economic adviser of the government said here Monday. "I think that the industrial production number clearly indicates that industrial recovery is well on the way," Prime Minister's Economic Advisory Committee Chairman C.

October 12th, 2009 NEW DELHI - Further signs of recovery in Indian industry emerged Monday with the latest official data indicating a growth of 10.4 percent in industrial production during August this year - highest in the last 22 months - over the corresponding month last year. The index for industrial production grew 10.4 percent in the month, as per the data released by the Central Statistical Organisation here.

October 7th, 2009 Google CEO: Europe keeping pace with US recoveryNEW YORK — Google Inc. is seeing an economic recovery under way, not just in the U.S., but also in Europe, CEO Eric Schmidt said Wednesday.

September 30th, 2009 China says industrial profits fell 10.6 percentBEIJING — Profits at China's oil producers, steel makers and other major industrial companies fell 10.6 percent in the first eight months of 2009 from the same period a year earlier, the National Bureau of Statistics said Sunday. Total profits for the biggest Chinese industrial companies — those with annual revenues above 5 million yuan ($732,000) — were 1.67 trillion yuan ($245 billion) from January to August, data showed.

September 29th, 2009 NEW DELHI - A whopping 63 percent of top executives of India Inc believe a sustainable economic recovery is under way, according to a survey conducted by a leading think-tank. Indian business honchos are the most optimistic of the lot in Asia of a sustainable economic recovery, said the survey, conducted among 258 senior executives from Asia by the Economist Intelligence Unit (EIU).

September 16th, 2009 Summary Box: Industrial production rose last monthMORE GROWTH, NO INFLATION: Government data show the nation's factories, mines and utilities boosted production for the second straight month in August, the latest sign of an economic recovery. At the same time, inflation remains in check.

September 9th, 2009 Fed survey: most of US in economic healing modeWASHINGTON — A new government survey finds the vast majority of the country reporting economic activity is stabilizing or improving, as the worst recession since the 1930s appears to be over. The Federal Reserve's snapshot of economic conditions backs predictions by Fed Chairman Ben Bernanke and most other analysts that the economy has started to grow again in the current quarter.

July 10th, 2009 NEW DELHI - India's industrial production registered 2.7 percent growth in May - the highest since September last year - signalling economic recovery, fresh data showed Friday. The index of industrial production (IIP) had expanded by 1.4 percent in April, signalling the early signs of recovery.

July 2nd, 2009 CHENNAI - Expressing satisfaction over pension sector reforms, the government in its Economic Survey 2008-09 has said the new pension system (NPS) will be offered to more segments. "Efforts are underway to extend the NPS to new segments (autonomous bodies, state governments and unorganised sector) and introducing micro-pension initiatives," said the survey tabled in parliament Thursday.

July 2nd, 2009 NEW DELHI - There should be a single regulatory body for the transport sector including highways, railways, ports and airports to ensure better cohesion, the Economic Survey for 2008-09 tabled Thursday has suggested. According to the survey, there should be at least one member from each of these sub-sectors and the authority could have specialized groups of professionals in each sector.

June 16th, 2009 Survey: Economic sentiment improves in GermanyBERLIN — Economic confidence in Germany, Europe's largest economy, improved for an eighth straight month in June, with a recovery from recession expected to come around the end of the year, a closely watched survey showed Tuesday. The Mannheim-based Center for European Economic Research, known by its German initials ZEW, said its economic sentiment indicator rose by 13.7 points in June, to 44.8 points from 31.1 the previous month.

June 16th, 2009 Hiring underway at Midland solar panel plantMIDLAND, Mich. — Hiring is underway at Evergreen Solar Inc.'s new $55 million plant in Midland, which will make silicon components for solar panels.

June 12th, 2009 Euro zone industrial output slumps in AprilLONDON — Industrial production in the 16 countries that use the euro slumped in April, official figures showed Friday, stoking fears that the euro zone remains in the grip of recession despite signs elsewhere that a recovery of sorts may be underway. The European Union's statistics office Eurostat said a 1.9 percent drop in April — the eighth consecutive monthly fall — pushed the annual rate of decline down to a record 21.6 percent.

June 8th, 2009 NEW DELHI - Despite signs of an improving economy, India Inc feels actual recovery will happen only after September, a survey by the Confederation of Indian Industry (CII) has found. According to the survey, conducted by the CII northern region, 96 percent of respondents believe a turnaround would happen only in the second half of 2009-10, thanks to the ongoing global slowdown The survey found 72 percent of respondents expecting the economic growth to be in the range of 5-7 percent this fiscal.