Turkey’s third-quarter GDP has shrunk 1.8 per cent — its first year on year decline since 2009 — confirming a deterioration in the country’s consumption-driven economy as its currency falls, inflation remains stubbornly high and citizens pull back on spending.

Gross domestic product in July through September shrunk by 1.8% annually, sinking deeper into negative territory than a 0.4% drop forecast by economists survey and reversing Turkey’s resilient growth record since its latest decline in the third quarter of 2009.…

Japan unexpectedly cut its reading of third-quarter economic growth to an annualized 1.3 percent, from a preliminary estimate of 2.2 percent expansion. The revision was driven by drops in business spending and in private inventories.

The gross domestic product (GDP) expanded just 0.3% in July-September and 1.3% annually, the Cabinet Office said on Thursday in a revised estimate.…

A surprise 1.3% drop in production over the month followed a 0.4% decrease in September, according to the Office for National Statistics, and was the biggest monthly fall in four years and is far worse than the 0.2% rise forecast by economists.…

Australia’s gross domestic product was down a seasonally adjusted 0.5 percent on quarter in the third quarter of 2016, the Australian Bureau of Statistics said on Wednesday.

The third-quarter GDP which fell 0.5 percent q/q, registering the first biggest decline since global financial crises, from up 0.6 percent q/q in the previous quarter.…

November data pointed to a sustained acceleration in U.S. manufacturing growth, with production volumes and incoming new work both rising at the fastest pace since March 2015. Stronger demand patterns, especially from domestic clients, resulted in greater input buying and increased payroll numbers across the manufacturing sector.…

The rise of the service sector in the Canadian economy is a natural process that is leading to high-quality jobs and supporting the return of sustained economic growth, Bank of Canada Governor Stephen S. Poloz said today.

In a speech to the C.D.…

Wholesalers account for the largest portion of the services sector, which in turn represents roughly two-thirds of total Canadian gross domestic product. Wholesalers generally act as an intermediary in the distribution of merchandise, and as a result tend to sell goods in large quantities to retailers, businesses and institutional clients.…

The Office for National Statistics (ONS) said sales volumes in October were up 7.4% from a year earlier, while on a monthly basis, sales jumped 1.9% from September – a much stronger increase than economists had forecast.

The retail industry continued to show strength on a quarterly basis as well, with the quantity bought in the three-month period increasing by 1.9% compared with the previous quarter to mark the 34th consecutive period of quarterly growth.…

Retail sales rose more than expected in October, according to a Department of Commerce report today.

Sales at U.S. retailers rose more than forecast last month in a broad advance after an even stronger September than initially estimated, showing consumers continue to pump up the economy.…

China’s retail sales expanded below projections in the month of October, as opposed to the investment and industrial production figures, which were consistent with expectation and indicated a continued stabilization. Weaker than expected retail sales figures might have been because of seasonal factors, noted Nordea Bank in a research report.…