Statistical Notes Friday September 30
Real personal income fell in August by 0.3%, the second monthly drop in a row, while spending was unchanged, causing the savings rate to drop to 4.5%, the lowest since November 2009.
Meanwhile, second quarter GDP was upwardly revised while GDI was downwardly revised.
-Monthly GDP in Canada rose 0.3% in July, following a 0.2% gain in June.
-Preliminary September euro area inflation rose to 3.0% from 2.5%, reducing the probabilty of an ECB interest rate cut.
-The employment rate in Germany rose while unemployment rate fell in August. During the latest year the employment rate has risen from 61.9% to 63% while the unemployment rate has dropped from 6.9% to 6%.
-Real retail sales in Latvia rose in August rose by 1.6% compared to July and 7.4% compared to August 2010.
In Estonia, real retail sales fell by 1% in August compared to July, but rose 4% compared to August 2010. Industrial production fell by 1.8% compared to the previous month but rose 22.7% compared to a year earlier.
-Household spending in Japan fell by 2.8% compared to a year earlier, and employment also fell. Industrial production however rose, but less than expected.