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Feb 2, 2015
India goes for rebasing and adopts new methodology for GDP computations
The Statistics Office of the government of India announced the rebasing and revision of historical GDP data on Friday, with two key changes implemented. First, the base year for real GDP has been moved from fiscal year 2004/05 to 2011/12. The data should now more accurately reflect the true structure of the economy.
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Feb 2, 2015
Four-month high for Italy manufacturing PMI
The headline Markit/ADACI Italy Manufacturing Purchasing Managers’ Index registered at a four-month high of 49.9 in January, up from December’s 19-month low of 48.4. The biggest gains came from output and employment.
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