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China’s wind energy sector is set to grow substantially by 2017, owing to the rapid increase in economy and surging electricity consumption as well as government support. China is rapidly emerging as the largest wind power market in the world. According to Angelika Pullen, spokeswoman for the Global Wind Energy Council, in 2009, the number of turbines installed in China surpassed the total number installed in Europe and could possess the   ... Read more
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Dull Holiday Season Took the Sheen Off US Retail Market
12 Feb, 2009
Retail sales slumped to a record level during December 2008 in the US despite holiday season. The fall was mainly triggered by the global financial crisis. Consumer spending in the US further slumped in December 2008 as more retailers, car dealers and restaurants experienced a decline in their ...Read more

US Online Retail Sales to Decline in 2009
02 Feb, 2009
Online retail sales in the US are anticipated to fall 11% this year due to worldwide economic turmoil and low spending by consumers. The growth rate of e-commerce in the US is expected to slow down to 11% in 2009 as consumers will reduce their spending, as reported by Reuters . The growth is ...Read more

Indian Gems & Jewelry Industry Requesting Bail Out
17 Jan, 2009
The Indian gems and Jewelry industry has asked the government to provide relief package to deal with the ongoing downturn in demand and to save millions of people from being unemployed. The Gems & Jewellery Export Promotion Council (GJEPC) of India asked the government to give a relief package ...Read more

Unemployment Pushed Spanish Retail Sector Down
15 Jan, 2009
Spain’s retail sales in November 2008 recorded an 8% decline in the wake of declining consumption, resulting from the rising unemployment and global economic recession. As per Spain’s National Statistics Institute (INE), retail sales in Spain suffered a calendar-adjusted decline of 8% ...Read more

China - Retail Sales Surged Despite Weak Financial Condition
15 Jan, 2009
Global financial crisis could not deter Chinese consumers to shop and retail sales in the country rose around 21% in 2008, getting a boost from the holiday season and New Year. According to the Ministry of Commerce, Chinese retail sales registered an estimated growth of 21% in 2008, as reported by ...Read more

High Input Cost and Low Demand Hit the Indian Textile Industry
14 Jan, 2009
The outlook for the Indian textile industry for 2009 will remain grim as most of the developed markets are facing recession, leading to low textile demand. The future outlook of the Indian textile industry is predicted to remain gloomy for 2009 due to negative impact of the recession on ...Read more

Global Financial Crisis Took Toll on US Retail Sales
02 Jan, 2009
The US retail sales in the first two weeks of November 2008 declined drastically as consumer confidence was very weak due to global financial meltdown. According to the data released by MasterCard Advisors SpendingPulse service, the sales of apparel, appliances and shoes in the US declined ...Read more

China – Retailers Experiencing Weak Season amid Economic Crisis
29 Dec, 2008
Retail sales in China registered a slow growth of 22% in October 2008 due to falling consumer confidence and easing inflation, induced by the slow economy of China. Sales of retail products, ranging from cosmetics to furniture, in China slumped in October 2008, as reported by guardian.co.uk . The ...Read more

Australian Retail Market Bounced Back
19 Dec, 2008
Retail sales in Australia recovered in Q3 2008, though slightly, corresponding to the reduction in taxes and decrease in fuel prices. According to a report by the Australian Bureau of Statistics, retail sales in Australia witnessed a seasonally adjusted increase of 0.1% in succession during Q3 ...Read more

Online Retailing Proving Economical to UK Shoppers, Sales Rising
19 Dec, 2008
Online retail sales in the UK are predicted to go up 15% in Q4 2008, due to rising online expenses by the shoppers in view of coming festive season. According to the IMRG Capgemini e-Retail Sales Index, online retail sales are expected to climb to £13.16 Billion in Q4 2008, indicating a YOY ...Read more

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