Friday, October 28, 2011

Statistical Notes Friday October 28

-Quarterly GDP growth increased in the U.S. to 0.6% (or 2.5% at an annualized rate) in the third quarter according to preliminary estimates. However, September real disposable income declined for a third straight month, causing the savings rate to drop to 3.6%-the lowest since December 2007.

-Consumer price inflation in Australia fell to 3.5% in the third quarter, from 3.5% in the second.

-Employment in Spain fell by 2.1% in the year to the second quarter, increasing its unemployment rate to 21.5%. In the province of Andalucia, the unemployment rate is as high as 30.9%.

-Retail sales fell in Sweden in September by 0.6% compared to a year earlier, while its trade surplus rose.

-Real retail sales in September rose in Latvia by 0.9% compared to the previous month and 8.1% compared to September 2010.

-Employment in Japan fell by 0.5% in the year to September but since the labor force shrank, the unemployment rate fell to 4.1%, Note that this excludes the area around the Fukushima reactor. If that had been included employment would have fallen even more and unemployment would have been higher.


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