Thursday, October 06, 2011

Statistical Notes Thursday October 6

-U.K. second quarter GDP growth was revised down to 0.1% compared to Q1 2011 and 0.6% compared to Q2 2010. Adjusted for terms of trade, growth was 0.2% compared to Q1 2011 and 0 (zero) compared to Q2 2010.

-The ISM non-manufacturing survey fell somewhat, from 53.3 to 53 while the manufacturing index rose, from 50.6 to 51.6. Construction spending rose in August by 1.4% compared to July, but was still lower than in June.

Meanwhile, initial jobless claims rose just 6,000 to 401,000, a smaller than expected increase given the dramatic drop the previous week.

-Australia's trade surplus rose from $1.8 billion in July to $3.1 billion in August due to a big increase in exports.

-Real retail sales fell in the euro area fell in August by 0.3% compared to July 2011 and 1.0% compared to August 2010.

-German factory orders fell by 1.4% in August, the second monthly drop in a row, but were still up 3.6% in seasonally adjusted terms compared to a year earlier.

-Industrial production in South Korea fell by 0.3% in August compared to the previous month, but was up by 3.9% compared to the previous year.

-Retail sales in Hong Kong continued to rise rapidly in August compared to a year earlier, up by 20.7% in real terms and 29% in nominal terms. The rate of increase was however somewhat lower than previous months, particularly in real terms.

-Employment in Israel rose by 3.3% in the year to July, while real wages rose by 0.2%.


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