Latest Late 2000s recession in Europe Stories
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The British economy shrank 0.6 percent in the second quarter, in line with expectations, the Office of National Statistics said Tuesday. The number is an improvement over the previous estimate of a 0.7 percent second quarter decline.
The Producer Price Index for finished goods in the United States rose 1.7 percent in August, the Bureau of Labor Statistics reported Tuesday. The price advancement follows a 0.9 percent decline in July. In June, prices rose 1.8 percent. The index has swung up and down.
The Producer Price Index for finished goods in the United States fell nearly 1 percent in July, the Bureau of Labor Statistics reported Tuesday. The 0.9 percent drop in prices follows gains of 1.8 percent in June and 0.2 percent in May, the bureau said. Core prices, which exclude energy and food items, shrank 0.1 percent after rising 0.5 percent in June.
Bulgaria's gross domestic product in the second quarter dropped 4.8 percent compared with the same period last year, the statistics office said. The Bulgarian economy began registering declines in the last quarter of 2008 when its GDP fell 1.6 percent, followed by a drop of 3.5 percent in the first three months of this year. The second-quarter decline was attributed mainly to poor output in the industrial and farming sectors, the Bulgarian news agency SNA reported Tuesday quoting statistics...
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