Weekly Indicators 10/1/09
Oct 1st 2009
From The Economist print edition
The decline in American GDP in the second quarter was revised down to an annual rate of 0.7% from an earlier estimate of 1%. The figures were adjusted mainly because government spending increased more, and business investment fell less, than previously estimated. The fall in Britain’s second-quarter GDP was also revised, from an annual rate of 0.7% to 0.6%.
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Japanese industrial production rose by 1.8% in August, but was still 18.7% lower than a year earlier. Industrial production in South Korea, meanwhile, fell by 1.3% in August.
Germany’s unemployment rate fell by 0.1 percentage points to 8.2% in September.
Australian retail sales rose by 0.9% in August, reversing July’s drop.