Monday, August 29, 2011

Statistical Notes Monday August 29

-The latest U.S. national accounts report was mixed as GDP growth was revised down 0.3 percentage points, while Gross Domestic Income was revised up.

The durable goods order report was also mixed as the overall number increased, while core capital goods fell. Similarly, real disposable income fell, but because of a big drop in savings, real consumer spending rose.

Meanwhile, initial jobless claims rose.

-Swedish growth shows signs of slowing as real retail sales growth slowed to 1.1%. Meanwhile, money supply fell by 1.9%.

-Annual euro area money supply growth fell from 1.2% to 0.9%. However, the 3- and 6 month change increased somewhat.

Meanwhile, real growth seems to be weakening as both construction spending and factory orders fell.

-GDP growth in Lithuania was upwardly revised from 6.1% to 6.3%.

-Hong Kong's retail sales boom (driven by both domestic consumers and tourists) continued, with retail sales gaining 29.1% in nominal terms and 22.4% in real terms.


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