Finally, signs point to end of Europe recession

Published by rudy Date posted on July 29, 2013

FRANKFURT, Germany (AP) – After a year and a half of recession, Europe’s battered economy could finally be showing signs of life.

It’s not the kind of recovery that calls for a big celebration. Any upswing will be a slow and arduous climb – up a slope strewn with high unemployment and scarce credit for businesses.

But signs of improvement are there. On Thursday, a German index of business confidence rose for the third month in a row. Meanwhile, surveys of purchasing managers in the euro area indicate manufacturing activity edged back into growth territory in July for the first time in 18 months.

And there are other indications that Europe has bottomed out.

Germany’s central bank, the Bundesbank, says the country’s economy – Europe’s biggest – expanded “strongly” in the April-June period. Automaker Daimler AG says it expects to see the continent’s sagging car market start to recover toward the end of the year. In the No. 2 euro economy, France’s Insee index of consumer confidence ticked up in July to 82 from 79 the month before. –The Philippine Star

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more than other cost items.
For widespread, practical equality!”

Invoke Article 33 of the ILO Constitution
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October –

   

Monthly Observances:

Industry and Commerce Safety Month 

National Statistics Month 

Local Government Month 

Consumer Welfare Month 

Cooperative Month

National Quality and Productivity Improvement Month 

National Health and Wellness Tourism Month
National Indigenous Peoples Month

 

Weekly Observances:

Week 1: Elderly Filipino Week 

Week 2: National Health Education Week 

Local Government Week 

National Mental Health Week 

October 17-23:

National Week for Overcoming Extreme Poverty 

October 18 – 24:

United Nations Week 

Last Week:

Nurses’ Week 

Consumers’ Protection Week 

Week of the 4th Sunday:

Barrio Farmers’ Week

 

Daily Observances:

First Monday (Oct 4): Universal Children’s Day i
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Oct 5: National Teachers’ Day 

Oct 10: Local Government Day 

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Oct 21: Tenants’ Emancipation day 

Oct 24: United Nations Day 

Oct 29: National Indigenous People’s Thanksgiving Day

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