GDP rises in US, Canada as labor market trying to catch up to growth
In Canada real gross domestic product (GDP) rose 0.7% in the third quarter, the fifth consecutive quarterly increase
Economies unable to put halt inflation as labor markets are very stretched
The Monetary Policy Committee (MPC) of the Reserve Bank of New Zealand has increased the Official Cash Rate (OCR) from 3.5% to 4.25%.
Demand in the New Zealand economy has been resilient to global and...
More inflation data causes rate surges again among top banks
The Governing Council today decided to raise the three key ECB interest rates by 75 basis points. With this third major policy rate increase in a row, the Governing Council has made substantial progress...
Struggling UK sales figures, Canadian trade on the upside
Per the Australian Bureau of Statistics hours worked decreased by 0.6 million hours (less than 0.1%) in seasonally adjusted terms between August and September 2022, and employment increased by 900 people (less than 0.1%). Throughout the pandemic, the hours worked series shows larger short-term changes compared to the employed series, given that employees may have been away from paid work for a short period without losing their job.
UK GDP down, Consumer price index is up
In the UK Gross domestic product (GDP) is estimated to have fallen by 0.3% in August 2022, after growth of 0.1% in July 2022 (revised down from a growth of 0.2% in our previous...
Inflation pushing down growth in US, Canada
According to Statistics Canada Real gross domestic product (GDP) edged up 0.1% in July, after a similar increase in June (+0.1%). Growth in goods-producing industries (+0.5%) was partially offset by a decline in services-producing...
Interest hikes left and right as banks fight inflation
The SNB (Swiss National Bank) is tightening its monetary policy further and is raising the SNB policy rate by 0.75 percentage points to 0.5%. In doing so, it is countering the renewed rise in...
Inflation causes worry, ECB and others to raise rates
The Bank of Canada increased its target for the overnight rate to 3¼%, with the Bank Rate at 3½% and the deposit rate at 3¼%. The Bank is also continuing its policy of quantitative...
In spite of good work numbers energies bump inflation
Per the US Department of Labor in the week ending August 27, the advance figure for seasonally adjusted initial claims was 232,000, a decrease of 5,000 from the previous week's revised level. The previous...
UK GDP down in June, US demand down as well
According to the UK Office for National Statistics Gross domestic product (GDP) fell by 0.6% in June 2022, after growth of 0.4% in May 2022 (revised down from 0.5%), and was up 1.9% in the 12 months to June 2022.
