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.…
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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.…
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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.…
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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.…
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The Bank of Canada is holding its benchmark interest rate at 0.5 per cent as it sees the stronger world economy continuing to face “undiminished” uncertainty.
The decision was in line with expectations with all major banks expecting rates to be left unchanged at this meeting.…
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The Bank of Canada is holding its benchmark interest rate at 0.5 per cent as it sees the stronger world economy continuing to face “undiminished” uncertainty.
The decision was in line with expectations with all major banks expecting rates to be left unchanged at this meeting.…
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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.…
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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.…
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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.…
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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.…
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The US goods and services trade deficit for October widened to $42.6bn from a revised $36.2bn for September, which was originally reported as a $36.4bn shortfall. The deficit was the largest for four months and higher than the consensus forecast of $41.7bn.…
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The US goods and services trade deficit for October widened to $42.6bn from a revised $36.2bn for September, which was originally reported as a $36.4bn shortfall. The deficit was the largest for four months and higher than the consensus forecast of $41.7bn.…
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Eurozone economic growth stabilized as initially estimated in the third quarter, data from Eurostat showed Tuesday. Gross domestic product expanded 0.3 percent sequentially in the third quarter, the same pace of growth as seen in the second quarter, while there was a small upward revision in annual growth to 1.7% from the previous estimate of 1.6% and the annual rate has held at 1.7% for the past three quarters.…
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Eurozone economic growth stabilized as initially estimated in the third quarter, data from Eurostat showed Tuesday. Gross domestic product expanded 0.3 percent sequentially in the third quarter, the same pace of growth as seen in the second quarter, while there was a small upward revision in annual growth to 1.7% from the previous estimate of 1.6% and the annual rate has held at 1.7% for the past three quarters.…
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U.S. employers hired at a steady clip in November while the unemployment rate fell to the lowest level in nine years, signs of enduring labor market growth that will likely leave Federal Reserve officials on track to raise interest rates later this month.…
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U.S. employers hired at a steady clip in November while the unemployment rate fell to the lowest level in nine years, signs of enduring labor market growth that will likely leave Federal Reserve officials on track to raise interest rates later this month.…
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Gross domestic product was unchanged in the third quarter after expanding 0.6 percent a quarter ago. The economy was forecast to grow 0.3 percent.
The expenditure side breakdown of GDP showed that consumption contributed very little to growth. While investment underpinned growth, net trade had a negative effect.…
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Gross domestic product was unchanged in the third quarter after expanding 0.6 percent a quarter ago. The economy was forecast to grow 0.3 percent.
The expenditure side breakdown of GDP showed that consumption contributed very little to growth. While investment underpinned growth, net trade had a negative effect.…
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Japanese retail sales inched down in October from a year before, falling for the eighth straight month, as consumers remain cautious about spending amid sluggish wage growth, though the decline was smaller than in previous months.
According to the Ministry of Economy, Trade and Industry report, Japanese retail sales went down for an eighth month running in October, however, the fall was much smaller than expected in a sign the economy was showing positive signals in the fourth quarter.…
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Japanese retail sales inched down in October from a year before, falling for the eighth straight month, as consumers remain cautious about spending amid sluggish wage growth, though the decline was smaller than in previous months.
According to the Ministry of Economy, Trade and Industry report, Japanese retail sales went down for an eighth month running in October, however, the fall was much smaller than expected in a sign the economy was showing positive signals in the fourth quarter.…
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