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 …
Read More »US Real GDP Expands by 33.1% in Q3
The United States’ Real Gross Domestic Product (GDP) expanded at an annual rate of 33.1% in the third quarter, the US Bureau of Economic Analysis’ second estimate showed on Wednesday. This reading matched the initial estimate but came in lower than the market expectation of 33.2%.
Read More »Eurozone Preliminary GDP Arrives at 12.6% QoQ in Q3
The Eurozone economy saw a rebound of 12.6% on quarter in the three months to September of 2020, missing +12.7% expected. Data released by the European Statistics Office (Eurostat) revealed on Friday. On an annualized basis, the bloc’s GDP dropped by 4.4% in Q3 vs. -4.3% seen in the previous reading while …
Read More »UK GDP Rebounds 15.5% QoQ in Q3
The preliminary reading of the third quarter 2020 UK GDP came in at 15.5% QoQ vs. 15.8% expected and -19.8% last while on an annualized basis the figure stood at -9.6% vs. -9.4% expected and -21.5% seen previously.
Read More »Canada Real GDP Grew by 1.2% in August
The economic activity in Canada expanded by 1.2% on a monthly basis in August, the data published by Statistics Canada showed on Friday. This print followed July’s growth of 3.1% (revised from 3%) and beat the market expectation of 0.9%. “This fourth consecutive monthly increase continued to offset the steepest …
Read More »US Economic Activity Rebounds Sharply in Q3
The United States’ Real Gross Domestic Product (GDP) expanded at an annual rate of 33.1% in the third quarter, the US Bureau of Economic Analysis’ advance estimate showed on Thursday. This reading came in better than the market expectation of +31% and followed the 31.4% contraction recorded in the second …
Read More »Canada Real GDP Grew by 3% in July
The economic activity in Canada, as measured by the real Gross Domestic Product (GDP), grew by 3% in July, the data published by Statistics Canada showed on Wednesday. This reading matched the market expectation.
Read More »US Real GDP Contracts by 31.4% in Q2
The United States’ Real Gross Domestic Product (GDP) contracted at an annual rate of 31.4% in the second quarter, the US Bureau of Economic Analysis’ final (third) estimate showed on Wednesday. This reading came in slightly better than the previous estimate and the market expectation of -31.7%.
Read More »UK Final GDP Revised up to-19.8% QoQ in Q2
The final reading of Q2 UK GDP came in at -19.8% QoQ vs. -20.4% expected and -20.4% last while on an annualized basis the figure stood at -21.5% vs. -21.7% expected and -21.7% seen previously. The Current Account numbers for Q2 came in at GBP-2.8 B versus GBP-0.4 B expected …
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