Posts Tagged ‘strong’
ONS to publish UK Q2 economic growth figures today
The Office for National Statistics (ONS) is scheduled to publish GDP figures for the second quarter today – the first G7 country to do so.
Analysts expect growth of 0.6% for the April to June quarter – which would represent the strongest performance since before the credit crunch.
Strong growth is expected to come from a recovery [...]
Google results below expectations
US search engine giant, Google, has reported second quarter net profit of $1.84 billion (£1.2 billion) – a rise of 24% on the $1.48 billion reported in the same period a year earlier.
Meanwhile, revenue for the three months ending June came in at $6.82 billion – also a sharp rise on the $5.52 billion reported [...]
Chinese exports surge 44%, property prices fall
Figures today revealed Chinese exports grew by 43.9% in June compared with a year earlier.
The figure, which exceeded expectations, comes after China overtook Germany as the world’s biggest exporter earlier this year. Germany had held the top spot since 2003.
Meanwhile, imports increased by 34.1% year-on-year in June.
As a result, China posted a trade [...]
Canada’s unemployment rate continues to fall
The Canadian economy, which only entered a mild recession last year, appears to be performing well after figures show the unemployment rate continues to fall.
Statistics Canada said on Friday that the country’s unemployment rate fell in April to 8.1%, from 8.2% in March.
The economy added a better than expected 93,000 jobs last month – exceeding [...]
Australia unemployment rate steady at 5.1%
Figures today revealed Australia’s jobs market remains strong after employment hit a record high of 11.1 million people at work.
According to the Australian Bureau of Statistics, the economy created almost 46,000 jobs last month – smashing analysts forecasts of 15,000.
The latest figures means the unemployment rate held steady at 5.1%.
Westpac Bank expects the [...]