WASHINGTON – The United States economy likely expanded slightly in the fourth quarter, according to data on Friday that suggested a surprise drop in GDP reported by the government last week was overstated.
The U.S. trade deficit narrowed to its lowest point in nearly three years in December on a drop in oil imports and a surge in exports.
Trade data for December paint a reassuring and encouraging picture of the U.S. economy at the end of last year
OTTAWA (Reuters) - Canadian labor productivity grew slightly faster in the first half of this year than previously estimated, according to revised figures released by Statistics Canada on Friday that also showed little change to the data over the past 30 years. Statscan revised down its estimate of second-quarter productivity to a decline of 0.5 percent from a 0.4 percent decline previously. But in the first quarter, it said productivity actually grew 0.4 percent versus its initial report of no change in that period. ...
While Europe’s financial crisis continues India grew GDP by 8.6% in the first 3 months of 2010. China continues to grow quickly as do many emerging countries, including Brazil. India’s Q4 GDP grows at 8.6% y-o-y
South Korea's economy grew a faster than expected 1.8 percent in the first quarter thanks to a firm export performance and improved domestic demand, the central bank said Tuesday.The quarter-on-quarter rise in gross domestic product was sharply higher than the 0.2 percent increase in October-December, and beat the bank's prediction earlier this month of 1.6 percent.Compared to a year earlier, Asia's fourth-largest economy grew 7.8 percent in January-March.
China's economy grew 7.9 percent in the fourth quarter from a year earlier with a bounce that snapped seven straight quarters of slowing expansion, official data showed on Friday. The figures, announced ...
WASHINGTON — A survey shows U.S. manufacturing shrank in November to its weakest level since July 2009, the first month after the Great Recession ended. Worries about automatic tax increases in the New Year cut demand for factory orders and manufacturing jobs. The Institute for Supply Management said Monday that its index of manufacturing conditions fell to a reading of 49.5. That’s down from 51.7 in October. (MORE: Just How Often Are Car MPG Claims Inflated?) Any reading above 50 signals expansion, while readings below 50 indicate contraction.
The German economy grew by a quarterly 1.5 percent in the first three months of the year according to seasonally corrected figures released on Friday, bringing Europe's biggest economy back to pre-crisis levels.The solid result was in large part the result of strong domestic demand, the national statistics office data showed, good news for Germany's normally export oriented economy.It also represented a catch-up effect from the fourth quarter of 2010, which saw modest growth of 0.4 percent owing to poor weather.
The US economy roared back to life in the fourth quarter with a 5.7 percent pace of growth, the government said Friday.The Commerce Department figures showed the growth pace accelerated from the 2.2 percent pace in the third quarter, when the economy expanded for the first time after four quarters of contraction and the worst recession in decades.Even with the rebound, gross domestic product contracted by 2.4 percent for the full year 2009, the worst performance since 1946.