Tuesday, November 15, 2011

Statistical Notes Tuesday November 15

-Nominal U.S. retail sales rose 0.5% in October compared to the previous month and 7.2% compared to October. Because the consumer price inflation numbers aren't available yet, it is still unclear how high the increases were in real terms, but most likely they were both positive.

-Seasonally adjusted employment increased by 10,100 in Australia in October compared to December. The yearly increase slowed to 0.9%, lower than the population growth rate.

-Canadian exports rose by 4.2% in September compared to August and 20.3% compared to September 2010, turning a previous trade deficit into a trade surplus. Increased exports of oil and other energy products was the main cause of these increases.

-Euro area industrial production fell by 2% in September compared to August, but were still up by 2.2% compared to a year earlier.

Euro area GDP in the third quarter rose 0.2% in the third quarter compared to the second and 1.4% compared to Q3 2010. Estonia had the highest growth rate of the euro area countries that has reported so far, followed by Slovakia, Germany and France, while Holland and Portugal contracted. Greece contracted on a yearly level by 5.2%, but quarterly change wasn't reported.

-According to preliminary estimates GDP in Estonia increased 0.8% (3.2% at an annualized rate) in the third quarter compared to the second quarter and 7.9% compared to Q3 2010. Although the growth rate is lower than earlier this year, it is still well above the level seen in most other countries.

-After three straight quarterly declines, third quarter GDP in Japan increased by 1.5% (6% at annualized rate) compared to the previous quarter. However, compared to a year earlier, GDP fell by 0.2%.

-Hong Kong's third quarter GDP growth slowed down to 4.3% from 5.3%, driven mainly by a drop in inventories.


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