The industrial output prices index for August 2009 fell by 0.1% over the previous month to 119.0 (base 2005=100) in August. For the period January-August 2009, the index recorded a decrease of 0.5% compared to the corresponding period of the previous year. Within the overall industry category, manufacturing prices rose by 2.4% in January-August, and
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The total sales of petroleum products in August 2009 recorded a decrease of 12.0% compared to the previous month. A significant decline was recorded in the sales of asphalt, light fuel oil and gasoil low sulphur, while a considerable increase was recorded in the sales of gasoil for marine use and kerosene. The total stocks
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While the economy shrank in the second quarter, salary-earners continued to enjoy strong increases in wages, as the average salary rose by 4.8% over the year earlier in the second quarter of 2009 according to preliminary estimates of the Statistical Service Cystat. Cystat reported that the average monthly earnings of employees during the second quarter
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The U.S. economy contracted at slower pace than previously thought in the second quarter, but a further decline in private payrolls in September was another indication that recovery from recession would be patchy. The Commerce Department said on Wednesday gross domestic product fell at a 0.7 percent annual rate instead of the 1.0 percent decline
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Asian manufacturing activity powered ahead in September, providing more evidence of global economic recovery, while financial market developments in Europe kept focus on the tide-turning moment when central banks will end ultra-low interest rates. Japanese manufacturing expanded at its fastest pace in three years, while factories in China cranked up production for the sixth month
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U.S. mortgage applications fell last week despite the lowest loan rates in four months, the Mortgage Bankers Association said on Wednesday, in another sign that housing will likely recover slowly from its three-year plunge. Home loan applications fell a seasonally adjusted 2.8 percent in the September 25 week, driven down by a 6.2 percent drop
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The International Monetary Fund on Wednesday lowered its estimate for global write-downs for banks and other financial institutions to roughly $3.4 trillion but warned that loan losses could rise in the face of stubbornly high unemployment and associated delinquencies. In April the IMF estimated in its Global Financial Stability Report that global bank losses could
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Video gaming will hit the big screen next month when Sony Corp unveils a new game title for its Playstation3 game console at movie theaters. On October 5 and 6, four theaters in San Francisco and Thousand Oaks, California, Rosemont, Illinois and Bellevue, Washington, will give viewers a chance to play the upcoming action game
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Google Inc is in the early stages of looking at ways to write software that would fully integrate plug-in hybrid vehicles to the power grid, minimize strain on the grid and help utilities manage vehicle charging load. "We are doing some preliminary work," said Dan Reicher, Google's director of Climate Change and Energy Initiatives. "We
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The Council of Europe, as a defender of human rights, has an important role in the dissemination of cultural education, as well as the preservation and support of cultural diversity in Europe, said Cypriot MP Fidias Sarikas, speaking at the Parliamentary Assembly of the Council of Europe (PACE) during its session about cultural education. Sarikas
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