France out of recession, official figures showSeptember 25th, 2009 PARIS - France emerged from recession in the second quarter of 2009 as its GDP rose by 0.3 percent, the government's statistics office INSEE announced Friday. The economic expansion followed four consecutive quarters of contraction for the French economy, caught up in the global economic crisis.
Japan's current account surplus down 19.4 percent in July; auto and steel exports plungeSeptember 8th, 2009 Japan's current account surplus down 19.4 percentTOKYO — Japan's current account surplus in July fell 19.4 percent from a year earlier as exports tumbled amid a slow recovery in the global economy, the finance ministry said Tuesday. The current account surplus, Japan's broadest measure of trade with the rest of the world, was 1.27 trillion yen ($13.6 billion), the first year-on-year fall in two months, the ministry said.
German exports up 2.3 percent on the month in July; industrial production down 0.9 percentSeptember 8th, 2009 German exports up 2.3 pct in JulyFRANKFURT — German exports were up 2.3 percent on the month in July, showing their third consecutive monthly improvement, though industrial production fell 0.9 percent for the month, official data showed Tuesday. Germany exported goods and services worth euro70.5 billion ($101 billion) in July, the Federal Statistical Office said in a preliminary report.
German exports up 7 percent on the month in June, biggest rise in nearly 3 yearsAugust 7th, 2009 German exports up 7 pct in JuneBERLIN — German exports were up 7 percent on the month in June, their biggest rise in nearly three years, government figures showed Friday — the latest signal that prospects are improving for Europe's biggest economy. The increase followed a slim 0.2 percent gain in May and was the biggest since September 2006, when exports rose 7.3 percent on the month.
Garment exports slip 15.4 percent in first quarterAugust 4th, 2009 NEW DELHI - Garment exports fell 15.4 percent in the first quarter this fiscal, an industry body said Tuesday. According to data released by the Apparel Export Promotion Council (AEPC), India exported garments worth $2.41 billion in the quarter ended June 30 as compared to $2.85 billion it earned in the like period last year.
India's merchandise exports plunge by 27.7 percent in June, 9th month of deep declinesAugust 3rd, 2009 India's exports plunge 27.7 percent in JuneMUMBAI, India — India's merchandise exports fell by more than a quarter in June, the Ministry of Commerce said Monday, marking the nation's ninth month of steeply declining trade. Merchandise exports were valued at 612.17 billion rupees ($12.8 billion), down 27.7 percent in dollar terms from 759.3 billion rupees ($17.7 billion) a year earlier, according to government figures.
Mango exports rose by 43 percent in 2008-09July 27th, 2009 NEW DELHI - India has seen an increase of 43.76 percent in its mango exports in 2008-09 as compared to the year before, a union minister said here Monday. "There was a drop in mango exports during 2007-08 due to quality deterioration on account of vagaries of weather, but in 2008-09 exports have picked up reflecting an increase of 43.76 percent in quantity terms," Minister of State for Commerce and Industry Jyotiraditya Scindia told the Lok Sabha.
State news agency says China's June exports fell 21.4 percent from a year earlierJuly 10th, 2009 China's June exports down 21.4 percentBEIJING — China's exports and imports fell again in June but declines were less severe than in May, data showed Friday, adding to signs the world's third-largest economy is recovering from its slump. Exports fell 21.4 percent in June from a year earlier, the government's Xinhua News Agency reported, citing the Chinese customs agency.
South Korea's June trade surplus hits record as export decline slowsJuly 1st, 2009 South Korea's June trade surplus hits recordSEOUL, South Korea — South Korea's trade surplus hit a record high in June as a decline in exports caused by the global economic slowdown eased and imports fell, government data showed Wednesday. South Korea had a trade surplus of $7.4 billion in June, the Ministry of Knowledge Economy said in a release.
Singapore's exports drop 12 percent in May from year ago, but show signs of improvementJune 17th, 2009 Singapore exports drop again, but show improvementSINGAPORE — The slump in Singapore's non-oil exports eased in May, suggesting the most important sector of the city-state's economy is stabilizing. Exports fell 12 percent in May from the same month of 2008 to 10.9 billion Singapore dollars ($7.5 billion) following a 19 percent drop in April, according to Trade and Industry Ministry figures released Wednesday.
German exports plunge in April amid global economic slumpJune 9th, 2009 German exports plungeBERLIN — Germany, Europe's largest economy, saw its exports plunge nearly 30 percent in April as the global economic crisis continued to hurt demand for its products, the Federal Statistical Office reported Tuesday. The country saw exports drop to euro63.8 billion ($88.47 billion) in April, compared with euro89.5 billion in the same month the previous year — a drop of 28.7 percent.
GM May sales drop 29 percent, but show improvement over April levelsJune 2nd, 2009 May Auto Sales: General MotorsDETROIT — General Motors Corp. said Tuesday that its May U.S.
Tata Motors net falls 51 percentMay 30th, 2009 MUMBAI - Tata Motors Ltd, India's automobile major reported a smaller-than-expected 50.7 percent drop in the annual profit while sales picked up in the March quarter and raw material prices fell. This was disclosed by C Ramakrishnan, Chief Financial Officer of Tata Motors, at a press conference here on Friday.
Japan exports still weak in March, plunging 46 percent, but eye of storm may have passedApril 22nd, 2009 Japan's export slump eases slightly in MarchTOKYO — The severe slump in Japan's exports eased slightly in March, offering a small sign that overseas demand may be headed toward recovery, even as the nation recorded its first annual trade deficit in 28 years. Exports in March plunged by almost 46 percent from a year earlier, the finance ministry said Wednesday, but the decline wasn't as bad as February when exports slumped by about half.
Singapore's economy expected to slightly recover by 2009-endMarch 16th, 2009 SINGAPORE - Singapore's economy is expected to recover slightly in the final quarter of 2009, just after sliding even deeper into recession during the first three quarters of the year, a survey by the city-state's central bank showed Monday. A poll of 20 economists and analysts by the Monetary Authority of Singapore in February showed they expect Singapore's gross domestic product (GDP) to fall 8.5 percent in the first quarter 2009 compared to the same period a year ago.