An index of sentiment among 4,000 manufacturers declined to 80 in November from 87 the previous month, according to Insee, the Paris-based national statistics office. The reading was the lowest since October 1993 and compared with the median forecast of 85 in a Bloomberg News survey of 22 economists.
The price of goods leaving Spain’s factories, mines and refineries fell 1.2 percent from the previous month after a 0.7 percent decline in September, the National Statistics Institute in Madrid said in an e-mailed statement today. That compared with a median forecast for a 0.7 percent decline in a Bloomberg News survey of eight economists. Prices rose 5.9 percent on the year.
Tourism generated $19.7 billion of revenue for governments in Canada in 2007, boosted 4.3 per cent over 2006 by domestic travel.
U.S. automakers should consider executive shake-ups if it would ensure congressional backing for a bailout supporters say is needed to prevent industry collapse, an architect of the effort said on Sunday.
Stocks fell Monday after drifting between gains and losses before the presidential election, on the worst contraction in manufacturing since 1982 and forecasts that the sagging economy will reduce profits.
The U.S. dollar rose Thursday as investors responded to higher stock prices and a report that showed the nation’s economy shrank in the third quarter. The euro fell 0.6% to $1.2973 from $1.2956 late Wednesday in New York.
Unemployment in Spain is surging ahead of job losses in other EU countries and there are fears it could hit depression-like rates above 20 per cent as 14 years of economic boom give way to a protracted slump.
General Motors Corp and Ford Motor Co reported far deeper-than-expected quarterly losses on Friday and said their rate of cash burn had accelerated, as an extended slump in car sales raised questions about the future of the U.S. auto industry.
