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Gross domestic product by industry, December 2022
Real gross domestic product (GDP) edged down 0.1% in December, following a 0.1% uptick in November. Goods-producing industries (-0.6%) declined, while service-producing industries (+0.0%) remained essentially unchanged. Advance information indicates that real GDP increased 0.3% in January 2023. Increases in the mining, quarrying, and oil and gas extraction, wholesale trade, professional, scientific and technical services, and transportation and warehousing sectors were slightly offset by decreases in construction and retail trade. Owing to its preliminary nature, these estimates will be updated based on more complete ... (full story)
Added at 8:38am
Canada: Annualized real GDP declines to 0% in Q4 vs. 1.5% expected
The Canadian economy stagnated in the fourth-quarter with the annualized real Gross Domestic product (GDP) growth arriving at 0%. This reading followed the 2.3% expansion recorded in the third quarter and missed the market expectation for a growth of 1.5% by a wide margin. On a monthly basis, real GDP in Canada contracted by 0.1%. Statistics Canada explained slower inventory accumulations and declines in business investment in machinery and equipment were behind the poor economic performance in Q4. USD/CAD edged higher with the initial reaction and was last seen posting small daily gains at 1.3585.
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tweet at 7:51am: BOE'S MANN: LOWER ENERGY PRICES MIGHT PUSH UP CONSUMER SPENDING.
There are two important developments. First, the stronger than expected February inflation reports from France and Spain have sparked a jump in European interest rates and the ...
video GBPUSD has been edging higher since September when it found its feet at the all-time low of 1.0324. However, this latest rebound seems to be fading after being rejected ...
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The U.S. Census Bureau announced the following international trade, wholesale inventories, and retail inventories advance statistics for January 2023: tables The international ...
The Two Sessions are the meetings of the National People's Congress, China's top legislature, and the National Committee of the Chinese People's Political Consultative Conference, ...
The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 5.8% annual gain in December, down from 7.6% in the previous ...