European Central Bank data showed that lending to Eurozone companies slowed last month as new credit flows stalled as the bloc returned to recession and banks tightened access to credit. Growth in lending to non-financial firms in the 19-nation euro zone slowed to 7% in January from 7.1% the month …
Read More »Eurozone Preliminary GDP Contracts by 0.6% QoQ in Q4
The Eurozone economy contracted 0.6% on quarter in the three months to December of 2020, beating -0.7% expected, the second estimate showed on Tuesday. On an annualized basis, the bloc’s GDP dropped by -5.0% in Q4 vs. -5.1% seen in the first readout while beating -5.1% expectations.
Read More »Eurozone Preliminary GDP shrinks by 0.7% QoQ in Q4
The Eurozone economy contracted 0.7% on quarter in the three months to December of 2020, beating -1.2% expected, the first estimate showed on Tuesday. On an annualized basis, the bloc’s GDP dropped by 5.1% in Q4 vs. -4.3% seen in Q3 2020 while beating -4.3% expectations.
Read More »Canada: Real GDP Grows by 0.7% in November
Canada’s Real Gross Domestic Product (GDP) expanded by 0.7% in November to mark its seventh straight monthly expansion, the data published by Statistics Canada showed on Friday. This reading came in higher than the market expectation of 0.4%.
Read More »German Preliminary GDP Expands 0.1% in Q4
The German economy grew 0.1% inter-quarter in Q4 of 2020 with the expectation of 0% and 8.5% seen in Q3, the preliminary report published by Destatis revealed on Friday. Meanwhile, the GDP yearly rate fell by 3.9% in Q4 against the previous reading of -4% and beat market expectations of …
Read More »US economy expands by in 4% in Q4
The United States’ Real Gross Domestic Product (GDP) expanded at an annual rate of 4% in the fourth quarter, the US Bureau of Economic Analysis’ advance estimate showed on Thursday. This reading followed the 33.4% growth recorded in the third quarter and came in line with analysts’ estimates.
Read More »When is the US GDP Report And How Could it Affect Major
The most prominent event on the US calendar today is the fourth-quarter GDP report due out at 13:30 GMT. Economists are expecting the preliminary figure to show 3.9% year-on-year growth in the October-December period, which indicates growth losing momentum by a large margin compared to the strong recovery in Q4 …
Read More »US: Real GDP Expands by 33.4% in Q3
The United States’ Real Gross Domestic Product (GDP) expanded at an annual rate of 33.4% in the third quarter, the US Bureau of Economic Analysis’ third estimate showed on Tuesday. This reading beat the previous estimate and the market expectation of 33.1%.
Read More »Britain’s GDP Growth Slowed in October Due to The Pandemic
Official figures showed that the recovery of the British economy almost stopped in October due to the high number of cases of Coronavirus, which dealt a blow to the hospitality sector. The Office for National Statistics said gross domestic product rose 0.4% month-on-month, which is in line with expectations in …
Read More »Annual GDP in Eurozone Contracts by 4.3% in Q3
The seasonally adjusted Gross Domestic Product (GDP) expanded by 12.5% in the third quarter in the euro area, the data published by the Eurostat showed on Tuesday. On a yearly basis, the euro area GDP contracted by 4.3% in Q3 and came in slightly better than the market expectation for …
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