News Tag: GDP
April 27, 2011
South Korea, which is Asia's fourth largest economy, has experienced growth of 4.2% in the first quarter on an annual basis, according to official data today.
The economy grew by 1.4% in the January to March quarter from the previous three months - the fastest rate in nine months.
The better than expected growth was attributed to rising exports and ...
South Korean economy sees better than expected growth
by Kay Mitchell
March 29, 2011
The Office for National Statistics (ONS) has today revealed the UK economy contracted by 0.5% in the October to December period – slightly better than the second estimate of 0.6% but unchanged from the first estimate.
Economists had expected the figures to remain unchanged.
Today’s estimate is the third and final reading and the GDP figure for the January to March ...
UK Q4 economic growth figures revised upwards
by Kay Mitchell
March 28, 2011
The Office for National Statistics (ONS) will tomorrow publish its final reading of gross domestic product (GDP) for the fourth quarter of 2010.
In January, the ONS revealed the UK economy contracted by 0.5% in the October to December period.
Last month, the figure was revised down further to 0.6% with bad weather being attributed to the poor growth figures.
The third ...
UK Q4 GDP final reading due this week
by Kay Mitchell
January 25, 2011
The initial reading of fourth quarter economic growth will be published today by the Office for National Statistics (ONS).
Analysts expect growth to have slowed significantly to 0.2% in the quarter, down from 0.7% in the third quarter and 1.1% in the April to June period.
Today’s estimate, however, is the first of three and could be revised upwards or downwards ...
UK Q4 GDP figures to be published today
by Kay Mitchell
December 16, 2010
Ireland’s Central Statistics Office (CSO) has today revealed Ireland’s economy experienced growth in the July to September period.
The economy expanded by 0.5% in the third quarter compared with the previous quarter - albeit, the figure was slightly below expectations.
The former “Celtic Tiger” economy contracted in the second quarter after emerging from recession in the January to March period.
As a ...
Irish economy expands 0.5% in Q3
by Kay Mitchell
November 23, 2010
The Commerce Department has today revealed the US economy grew by 2.5% in the July to September period – much faster than the 2% previously estimated and higher than economists had forecast.
Today’s estimate is the second reading, a third and final estimate will be available next month.
GDP was revised upwards due to higher consumer spending and business investment.
However, despite the ...
US Q3 economic growth figures revised upwards
by Kay Mitchell
October 25, 2010
The initial reading of third quarter economic growth will be published tomorrow by the Office for National Statistics (ONS).
Economists expect growth to slow to 0.4% in the July to September period – down from 1.2% in the second quarter.
However, tomorrow’s estimate is the first of three and could be revised upwards or downwards in the coming months since at this ...
Q3 GDP figures to be published tomorrow
by Kay Mitchell
PM to deliver speech about the economy
by Kay Mitchell
September 28, 2010
The Office for National Statistics (ONS) has today revealed the UK economy grew by 1.2% in the April to June period – unrevised from its second estimate last month.
While the reading was expected to remain the same - it represented the fastest pace in nine years and took the annual rate of growth to 1.7%.
Today’s reading is the third ...
UK Q2 economic growth figures remain unchanged
by Kay Mitchell
September 23, 2010
Ireland’s Central Statistics Office (CSO) has today revealed the economy contracted by 1.2% in the April to June period - surprising economists who had forecast an expansion.
Furthermore, the CSO revised first quarter growth figures down from 2.7% to 2.2%.
Many analysts believed the economy to be on the road to recovery but today’s figures will raise further concern for the former ...
Ireland’s economy contracts 1.2% in Q2
by Kay Mitchell
September 3, 2010
The European Central Bank (ECB) is feeling more optimistic about growth in the eurozone, having raised its forecast for GDP growth to between 1.4% and 1.8% for 2010, and between 0.5% and 2.3% in 2011.
Explaining the revision, ECB president, Jean-Claude Trichet, said: "Euro area real GDP grew strongly on a quarterly basis, increasing by 1.0% in the second quarter of 2010, supported by ...
Eurozone growth forecast uplifted
by Gill Montia
September 1, 2010
Latest figures from the Australian Bureau of Statistics show the country's GDP growing by 1.2% in the second quarter of 2010, compared with 0.7% in the previous three month period.
The spurt, which was driven by a 1.6% increase in household expenditure and an increase in exports of 5.6%, puts economic growth at 3.3% for the year to the end of June.
The industries providing ...
Australia’s economy shows promise
by Gill Montia
August 31, 2010
India saw its economy grow by 8.8% in the three months to the end of June, when compared to a year earlier.
GDP forged ahead at its fastest pace in over two years with the sectors registering significant growth, compared with the previous three month period, as follows: manufacturing 12.4%; trade, hotels, transport and communication 12.2%; mining and quarrying 8.9%.
Growth in ...
India’s economy races ahead with 8.8% growth
by Gill Montia
August 16, 2010
Official figures today have revealed Japanese economic growth slowed in the April to June period.
The economy expanded by just 0.1% in the three month period – far less than expected by analysts.
Meanwhile, on an annual basis, the economy grew by 0.4% in the quarter, down from a revised 4.4% in the previous three months and again missing forecasts of ...
Japan’s slow growth pushes China into No.2 spot
by Kay Mitchell
August 9, 2010
The Bank of France has predicted the French economy will grow by 0.3% in the July to September quarter, following growth of 0.4% in the second quarter.
The recovery of the euro zone’s second largest economy is therefore likely to lose a little momentum, partly due to a slowdown in industry production at the start of the third quarter.
INSEE, ...
France GDP set to slow in third quarter
by Kay Mitchell
July 23, 2010
The Office for National Statistics (ONS) is scheduled to publish GDP figures for the second quarter today - the first G7 country to do so.
Analysts expect growth of 0.6% for the April to June quarter - which would represent the strongest performance since before the credit crunch.
Strong growth is expected to come from a recovery in industrial output, ...
ONS to publish UK Q2 economic growth figures today
by Kay Mitchell
July 20, 2010
The Office for National Statistics (ONS) has today revealed public sector borrowing totalled £14.5 billion in June.
While the figure was slightly lower than the £14.7 billion seen in June last year, it surprised economists who expected the figure to be around £13.1 billion.
Overall, Government debt stands at £926.9 billion – the equivalent to 63.9% of GDP – the highest figure on ...
Government borrowing exceeds £14bn in June
by Kay Mitchell
July 16, 2010
The Office for National Statistics (ONS) has today issued a revised reading of first quarter construction output, which could boost economic growth in the first quarter of the year.
According to the ONS, construction output fell by 1.1% in the first three months of the year - lower than the 1.6% fall which the ONS reported on 12 July.
It is now ...
ONS issues revised Q1 construction output figures
by Kay Mitchell
July 12, 2010
Rating agency Standard & Poor’s (S&P;) today affirmed its "AAA" long-term rating on Britain but maintained its negative outlook on the long-term rating.
Following the news, the pound fell to $1.5017 from $1.5068.
Commenting on its announcement, S&P; analysts Trevor Cullinan and David Beers, said: “The coalition government has set out what we view as a strong framework for fiscal consolidation.
“There is ...
S&P affirms “AAA” rating for UK
by Kay Mitchell
UK Q1 economic growth figures remain unchanged
by Kay Mitchell
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