Wednesday, November 23, 2011

Statistical Notes Wednesday November 23

-Headline quarterly U.S. GDP growth was downwardly revised from 2.5% to 2%, while the terms of trade adjusted growth number was downwardly revised from 3% to 2.7%. Adjusted Gross Domestic Income, that is supposed to be equal to GDP but isn't due to different data sources, increased a more moderate 1%.

Meanwhilem, after three straight monthly declines, real disposable income increased by 0.3% in October. While both "core" and overall durable goods orders fell, shipments increased. Intial unemployment claims increased slightly, but were still at a relatively low level.

-Canada's consumer price inflation rate fell from 3.2% to 2.9% in October.

-Euro area industrial orders fell as much as 6.4% in September compared to the previous month, but were still up by 1.6% compared to September 2010.

-Both Latvia and Lithuania saw big gains in employment and drops in unemployment in the third quarter this year compared to both Q2 2011 and Q3 2010, though the gains weren't quite as big as in Estonia. And at 14.4% and 14.8%, the unemployment rates are still unacceptably high.

-Inflation in Singapore fell in October to 5.4% from 5.5%, while inflation in Hong Kong remained at 5.8%.

-Employment in Taiwan rose in October by 0.14% compared to the previous month and 2.1% compared to a year earlier, helping to push down the unemployment rate to 4.3%.

-Israel's third quarter GDP increased at a 3.4% annualized rate compared to the previous quarter and by 4.7% compared to a year earlier. Although both the quarterly and yearly increases are lower than earlier in the year, they are still well above growth in most other countries.


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