Wednesday, October 27, 2010

Global Economic Recovery Watch

1. "The Conference Board's Leading Economic Index (LEI) for Europe remains on an upward trend, and increased 0.3 percent in September, following a 0.7 percent increase in August, and a 0.9 percent increase in July. After increasing in September, the LEI for the Euro Area is 18.4 percent above its March 2009 trough."

2. From the WSJ: "Britain's economy grew more briskly than expected during the third quarter (3.2% at an annual rate), damping fears that the U.K. could tip back into recession and, for now, buttressing the government's move to attack the country's huge deficit with public-spending cuts."

2 Comments:

At 10/28/2010 10:06 AM, Blogger juandos said...

Is the following news item from Hellenic Shipping News Worldwide just temporary spike downwards or an indicator of potentially deteriorating economic conditions worldwide?

Supertanker surplus expands as hire rates remain in 'doldrums'

 
At 10/28/2010 10:34 AM, Blogger juandos said...

I've always been a bit skeptical of the AP but they do have this story out this morning regarding domestic economic recovery: AP survey: Painfully slow economic gains into 2011

What else is notable about domestic economic recovery is more problems with the reported jobless claims...

Will the US be trailing the rest of the world as far as economic recovery goes?

 

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