The production of garments and textiles in Vietnam increased by 26.9 percent year-on-year in January 2014, according to the General Statistics Office, under the Ministry of Planning and Investment, Vietnam National Textile and Apparel Group (Vinatex) said.
Italy has started a slow recovery from its worst postwar recession but it will take years before the country's economy returns to pre-crisis levels, the head of analyses and forecasts for the Italian economy of the Bologna-based Prometeia think tank said.
Consumer sentiment in Germany is buoyant at the start of 2014, according to GfK. The indicator, which jumped from a revised 7.7 points in January (previously reported: 7.6 points) to 8.2 points in February.
The move this week to avoid default by a trust product managed by China Credit Trust comes as a relief to local investors and market participants, but it also represents a potentially missed opportunity to limit moral hazard, says Fitch Ratings.
Brazilian mechanical capital goods exports reached $1.335 billion last December, an increase by 30% in relation to the previous month and by 38% in relation to December 2012, according the Brazilian Machinery and Equipment Industries Association (Abimaq).