Weekly indicators
Economic and financial indicators
Sep 2nd 2010
From The Economist print edition
America’s GDP growth in the three months to the end of June was revised down sharply to an annualised quarter-on-quarter rate of 1.6% from the previous estimate of 2.4%. In the three months to the end of March, GDP had risen at an annualised rate of 3.7% from the previous quarter.
An early estimate put euro-area inflation at 1.6% in August 2010, a tenth of a percentage point lower than in July. The region’s unemployment rate remained at 10% in July, unchanged from a month earlier.
A surge in manufacturing, which grew by 12.4% on a year earlier, helped India’s economy grow by 8.8% in the year to the end of the second quarter. Growth accelerated from the first quarter’s year-on-year rate of 8.6% and was the highest since the final quarter of 2007. Some services, such as trade and transport, also grew rapidly, but agricultural growth was sluggish at 2.8%.
Australia’s GDP grew by 3.3% in the year to the end of the second quarter. Its quarter-on-quarter growth rate of 1.2% was the highest in three years.
Poland’s economic growth picked up in the second quarter, when its economy expanded by 3.5% on a year earlier, after growing by 3% in the year to the end of the first quarter.
South Korean industrial production rose by 15.5% in the 12 months to the end of July.
Thailand’s industrial production in July was 16.3% higher than a year earlier.
Advertisement
