Statistical Notes Thursday September 8
-Iceland's GDP dropped by 2.8% in the second quarter compared to the first, following growth of 1.9% in the first quarter.
-Germany saw both exports and industrial new orders fall in July, but industrial production rose.
-Mostly good news from Canada as both exports and building permits increased.
-There were mixed signals from Australia. Second quarter GDP increased at a faster rate and the current account deficit fell, but employment also fell in August while unemployment rose. This suggests that the Australian economy remained strong in the second quarter, but that it has cooled during the third quarter.
-Industrial production in Latvia continued to rise in July, by 0.6% compared to June and 9.2% compared to July 2010.
-Japanese economic data was weak, with both the current account suplus and machinery orders falling.