Word: sectoral
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...most sobering aspect of rising joblessness in California is that it is not the by-product of a downturn in one business sector. Layoffs have come from industries as diverse as technology, hospitality, finance, construction, and retail. Put another way, the firestorm has not spared anything...
More eye-catching was a report of more weakness in the manufacturing sector, and a bearish Commerce department report on construction spending, which declined at a seasonally adjusted 3.3% rate in February, confirming that the recession is still well in play...
...deaths of two men, who have wielded huge power in Guinea-Bissau for decades, could help to pave the way to democracy. "This could be a golden opportunity for the international community, and for Guinea-Bissau, to move ahead, get rid of the past, and reform the security sector," he says. That all depends, though, on who fills the power vacuum in the country. The drug lords of Colombia may well want to have...
...Still, the recession could help Beijing push through changes to help the car industry grow more steadily in the long run. That, says Simpfendorfer, is one of the key differences between industry rescue efforts in the U.S. and China. "The Chinese auto sector is not as well entrenched as the interests in the auto sector in the U.S.," he says. "In the U.S. it's a century old [industry]; In China it's not even decades old but a decade old." China has "a greater tolerance to pain" that will allow the country "to push ahead with industrial restructuring that...
...These optimists are focusing on some surprising data emerging from the Chinese economy. The purchasing managers index (PMI) - a measure of the health of the manufacturing sector - has inched upward since November, indicating that China's important industrial sector isn't decelerating as quickly as it did in the preceding months. Most important, Chinese banks doled out nearly $240 billion of new loans in January - a one-month record. Some economists have taken these data as evidence that China's economy has already bottomed out. Merrill Lynch economists Ting Lu and T.J. Bond reaffirmed their bullish 8% GDP-growth estimate...