Tag: upwards

Scottish Q4 growth figures revised upwards

Scottish Q4 growth figures revised upwards

Scotland’s economy shrank less than thought in the October to December period, official figures revealed today. GDP was revised upwards to a contraction of 0.4% rather than an earlier estimate of 0.5%. The contraction was attributed to the bad weather during the quarter which impacted on many businesses. On an annual basis, meanwhile, the economy [...]

April 21, 2011 | 0 Comments More
US Q4 economic growth figures revised upwards

US Q4 economic growth figures revised upwards

The Commerce Department has today revealed the US economy grew by an annualised 3.1% in the October to December period – higher than the previous estimate of 2.8%. It was also slightly better than analysts forecast of a 3% growth rate. The upward revision in GDP was attributed to higher consumer spending - which grew [...]

March 25, 2011 | 0 Comments More
US Q3 economic growth figures revised upwards

US Q3 economic growth figures revised upwards

The Commerce Department has today revealed the US economy grew by an annualised 2.6% in the July to September period – slightly higher than the second estimate of 2.5% but much faster than the first estimate of 2%. However, the growth rate was less than the 3% most analysts had expected. Today’s estimate is the [...]

December 22, 2010 | 0 Comments More
Japanese economic growth revised upwards

Japanese economic growth revised upwards

Official figures have today revealed the Japanese economy grew faster than estimated in the third quarter due to stronger corporate spending. The world’s third largest economy grew by 1.1% in the July to September period, up from the first estimate of 0.9%. On an annual basis, the economy expanded by 4.5% from an earlier estimate [...]

December 9, 2010 | 0 Comments More
US Q3 economic growth figures revised upwards

US Q3 economic growth figures revised upwards

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 [...]

November 23, 2010 | 0 Comments More
Eurostat revises Greece’s budget deficit

Eurostat revises Greece’s budget deficit

The European Union’s statistics office, Eurostat, has today said Greece’s budget deficit reached a revised 15.4% of annual economic output last year - higher than the 13.6% reported in April. The revised figure, which is almost two percentage points more than originally forecast, now makes it the largest deficit in the euro zone - even [...]

November 15, 2010 | 0 Comments More
US Q2 economic growth figures revised upwards

US Q2 economic growth figures revised upwards

The Commerce Department has today revealed the US economy grew by an annualised 1.7% in the April to June period – slightly higher than the previous estimate of 1.6%. This figure is the third and final estimate for the second quarter and the upward revision was due to a higher rate of consumer spending, which [...]

September 30, 2010 | 0 Comments More
Japan’s Q1 growth revised upwards

Japan’s Q1 growth revised upwards

June 10, 2010 | 0 Comments More
German economy expands by 0.2% in Q1

German economy expands by 0.2% in Q1

Destatis, Germany’s statistics office, has today revealed Europe’s largest economy experienced growth of 0.2% in the first three months of 2010. The results beat expectations after analysts had expected the economy to stagnate, as it did in the last three months of 2009. However, Destatis said fourth quarter GDP was revised upwards to 0.2% taking [...]

May 12, 2010 | 0 Comments More
UK Q4 economic growth figures revised upwards

UK Q4 economic growth figures revised upwards

The Office for National Statistics (ONS) has today revealed the UK economy grew by 0.4% in the October to December period - slightly higher than the 0.1% and the 0.3% previously estimated. Today’s figures represent the third and final figures for growth in the fourth quarter and the ONS is scheduled release its first estimate [...]

March 30, 2010 | 0 Comments More
US unemployment rate holds steady at 9.7%

US unemployment rate holds steady at 9.7%

The Labor Department has today revealed the US unemployment rate remained unchanged at 9.7% in February and lower than the 10% rate reported in December. According to the Labor Department, employers cut 36,000 jobs last month - fewer than the 50,000 analysts had been expecting and compares to a revised 26,000 job cuts in January. [...]

March 5, 2010 | 0 Comments More
US consumer spending up 0.5% in January

US consumer spending up 0.5% in January

According to the Commerce Department, US consumer spending rose faster than expected in January by 0.5% - the fourth consecutive monthly rise. The rise in consumer spending, which makes up for more than two-thirds of overall economic activity in the US, was better than expectations of 0.4%. Meanwhile, the data said personal incomes crept up [...]

March 1, 2010 | 0 Comments More
Strong UK manufacturing growth boosts recovery hopes

Strong UK manufacturing growth boosts recovery hopes

The CIPS/Markit manufacturing purchasing managers’ index (PMI) has today revealed UK manufacturing activity grew faster than expected in February - sustaining the previous month’s 15-year high rate of growth. The positive figures will boost hopes that the economic recovery is gathering pace after last week’s fourth quarter GDP figures were revised upwards. Last week, the [...]

March 1, 2010 | 0 Comments More
CBI survey shows optimism but warns of slow recovery

CBI survey shows optimism but warns of slow recovery

A survey from the Confederation of British Industry (CBI) has provided some optimism for the UK economy but the business group warns of a drawn-out recovery. According to the CBI, its survey found business volumes stabilising across the services sector over the last three months. Meanwhile, the survey found that consumer services, which include hotels [...]

March 1, 2010 | 0 Comments More
US Q4 economic growth figures revised upwards

US Q4 economic growth figures revised upwards

The Commerce Department today revealed that the world’s no.1 economy grew at a faster rate in the fourth quarter than previous estimates showed. According to official figures, the US economy grew by an annual 5.9% between the October and December period, rather than the 5.7% previously estimated. For the whole of 2009, GDP declined at [...]

February 26, 2010 | 0 Comments More
High street spending recovers as shoppers return

High street spending recovers as shoppers return

The quarterly Confederation of British Industry (CBI) report has revealed shoppers returned the High Street in their droves in February after UK retailers reported their strongest growth in sales volumes for two years in early February. The CBI also believes further growth will be experienced in March as consumers begin to loosen their purse strings. [...]

February 26, 2010 | 0 Comments More
UK Q4 economic growth figures revised upwards

UK Q4 economic growth figures revised upwards

The Office for National Statistics (ONS) has today revealed that the UK economy grew by 0.3% in the October to December period - slightly higher than the 0.1% estimated last month. The figures will come as a relief to many who had feared the worst with growth being revised downwards. However, the revised figures still [...]

February 26, 2010 | 0 Comments More
UK economic growth figures revised upwards

UK economic growth figures revised upwards

The Office for National Statistics (ONS) has today revealed that the UK economy contracted by 0.2% in the July to September period - rather than the 0.3% previously reported and the 0.4% estimated in October. Analysts had forecast a contraction of 0.1%. On an annual basis, the UK economy has shrunk by 5.1% over the [...]

December 22, 2009 | 0 Comments More
UK economic growth figures revised upwards

UK economic growth figures revised upwards

The Office for National Statistics (ONS) has today revealed that the UK economy contracted by 0.3% in the July to September period - rather than the 0.4% previously estimated. However, today’s figures still mean it is the first time the UK has endured six consecutive quarters without growth - the first time since the ONS [...]

November 25, 2009 | 0 Comments More
UK economy growth figures revised upwards again

UK economy growth figures revised upwards again

The Office for National Statistics (ONS) has today revealed that the UK economy contracted by 0.6% in the April to June period - rather than the 0.7% previously reported and the 0.8% reported prior to that. The latest revision comes as the manufacturing and construction sectors performed better than originally thought and brings further hope [...]

September 29, 2009 | 0 Comments More