Much of the slump was down to "particularly poor" sales in the last two weeks of March, according to UK music industry body the British Phonographic Industry (BPI).
BBC: NEWS | Entertainment | Top albums fail to stop sales dip
Its business is tied to the strength of the U.S. housing market, which has been coming to life after a multiyear slump that dragged down prices and kept buyers from the market.
This drove share prices down 8% in the first two hours of trading on January 29th, continuing a slump that has brought the Russian stockmarket down by about 30% since the new year.
The East Asian countries are big importers of raw materials, so the slump in their economies has pushed down the prices of oil and other commodities such as metals and timber.
The market for trophy recreational western ranches in the U.S., long bogged down by the world economic slump, has recently caught fire again.
FORBES: The (Suddenly) White-Hot Market For Trophy Western Ranches
Others think the slump in housing and auto sales will gradually bring inflation down of its own volition in the coming months.
Most universal banks with subscale investment-banking arms will neither find buyers (given the current slump in earnings) nor will they be able to wind down these businesses without incurring big losses.
Helped by a worldwide slump in oil prices, he has managed to bring inflation down for four months running (see chart), even if the government's year-end target of 50% looks too optimistic by 15 percentage points.
Stocks are rebounding after a slump Wednesday, when reports of slower manufacturing growth and hiring dragged down markets.
Coal traffic is down 2% through the first five months of 2007 amid a general slump of freight traffic.
It is weighed down by an array of concerns: the collapse of property prices, the tech slump, low consumer confidence and the lack of a decisive U.S. recovery to spur Asia's exports.
On the economy, the differences among candidates turn on whether a rise in the consumption tax is needed to plug a gaping budget deficit and bring down the high levels of debt incurred when Japan tried to spend its way out of slump in the 1990s.
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