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News Tag: GDP

April 25, 2012

UK economy back in recession

by Jan Harris
UK economy back in recession
Provisional figures from the Office for National Statistics (ONS) show that the UK economy has contracted for two consecutive quarters, which means it has fallen back into recession. The economy shrank by 0.3% in the fourth quarter of 2011 and the latest figures show a contraction of 0.2% in the first three months of 2012 after construction output fell sharply. Production output fell ...




September 7, 2011

Australia’s economy recovers in quarter two

by Kay Mitchell
...




July 26, 2011

UK economic growth slows to 0.2%

by Gill Montia
UK economic growth slows to 0.2%
The UK's Gross Domestic Product (GDP) increased by only 0.2% in the second quarter of 2011, following an increase of 0.5% in the preceding three months. However, the Office for National Statistics (ONS) highlights special events that could have curbed growth, including the additional April bank holiday, the royal wedding and the after effects of the Japanese tsunami. On a sector ...




July 14, 2011

Singapore’s economy disappoints in Q2

by Kay Mitchell
...




April 27, 2011

South Korean economy sees better than expected growth

by Kay Mitchell
South Korean economy sees better than expected growth
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 ...




March 29, 2011

UK Q4 economic growth figures revised upwards

by Kay Mitchell
”UK
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 ...




March 28, 2011

UK Q4 GDP final reading due this week

by Kay Mitchell
”UK
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 ...




January 25, 2011

UK Q4 GDP figures to be published today

by Kay Mitchell
”UK
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 ...




December 16, 2010

Irish economy expands 0.5% in Q3

by Kay Mitchell
”Irish
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 ...




November 23, 2010

US Q3 economic growth figures revised upwards

by Kay Mitchell
”US
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 ...




October 25, 2010

Q3 GDP figures to be published tomorrow

by Kay Mitchell
”Q3
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 ...




PM to deliver speech about the economy

by Kay Mitchell
”PM
David Cameron is to deliver a speech today at the CBI's annual conference and is expected to defend the recent spending cuts, while pledging to create a "new economic dynamism" in Britain. The Prime Minister intends to boost business confidence and growth and is expected to say: "This is an incredible opportunity for Britain - for new start-ups to flourish, for ...




September 28, 2010

UK Q2 economic growth figures remain unchanged

by Kay Mitchell
”UK
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 ...




September 23, 2010

Ireland’s economy contracts 1.2% in Q2

by Kay Mitchell
”Ireland’s
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 ...




September 3, 2010

Eurozone growth forecast uplifted

by Gill Montia
Eurozone growth forecast uplifted
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 ...




September 1, 2010

Australia’s economy shows promise

by Gill Montia
Australia's economy shows promise
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 ...




August 31, 2010

India’s economy races ahead with 8.8% growth

by Gill Montia
India's economy races ahead with 8.8% growth
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 ...




August 16, 2010

Japan’s slow growth pushes China into No.2 spot

by Kay Mitchell
Japan’s slow growth pushes China into No.2 spot
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 ...




August 9, 2010

France GDP set to slow in third quarter

by Kay Mitchell
”France
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, ...




July 23, 2010

ONS to publish UK Q2 economic growth figures today

by Kay Mitchell
”ONS
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, ...