Sunday, November 29, 2015   

Euro zone posts anemic 0.3 growth in last quarter
(03-05 18:32)

Euro zone growth edged up by a mere 0.3 percent in the fourth quarter of 2013, enough of an improvement on a tepid 0.1 percent in the previous quarter to suggest that modest recovery remains on track, the EU's data agency said.
In its final figures for October to December growth, Eurostat confirmed the return to growth thanks to an increase in investment.
During the last three months of 2012, the then 17-nation euro zone economy expanded year-on-year by 0.5 percent.
Slovenia posted the strongest growth at 1.2 percent while Cyprus registered a slide of 0.1 percent along with Estonia, while Finland saw a fall of 0.3 percent.
The bloc's biggest economy Germany showed growth of 0.4 percent in the October-December period, better than analyst forecasts for 0.3 percent, while the French economy grew 0.3 percent, below forecasts.
Italy managed a mere 0.1 percent.
Investments drove recovery, increasing 1.1 percent against 0.6 percent in the previous quarter, while household consumption remained stable, up 0.1 percent, on par with third quarter growth.—AFP

Other Business breaking news:
Greek pensioners vow to defy proposed cuts (11-27 16:52)
Skin care drug prices rocketed by 401pc since 2009, US study finds (11-27 16:48)
High flying Brazil banker held in Petrobras graft scandal (11-27 16:38)
Hang Seng tumbles at close (11-27 16:33)
Nikkei closes lower (11-27 16:31)
China stocks dive over broker investigations (11-27 15:06)
Japan's jobless rate at 20-year low, consumer spending drops (11-27 12:49)
HK, China stocks drop at mid day (11-27 12:25)
Global airlines industry predicts China’s emergence as largest travel market (11-27 12:22)
CITIC Securities confirms China regulator’s investigation (11-26 20:04)

More breaking news >>

© 2015 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2015, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.