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In January of this year, the Canadian economy recorded an increase of 0.3% compared to December. Compared with the December increase of 0.1%, GDP growth has somewhat accelerated, according to official statistics. The forecast of analysts assumed the growth in January at the level of 0.1%. In annual terms, GDP growth in January was 1.6%. Its volume at the end of the month was at the level of 1 trillion 950 billion Canadian dollars. Industrial production showed a monthly increase of 0.6%, while in December there was a decrease of 0.8%. The growth rate contributed to an increase in output in the manufacturing industry and construction. In retail, the indicator remained at the level of the previous month, which is observed for two months in a row. Wholesale trade increased 0.8%. Production in the construction sector grew by 1.9%.
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Thailand's finance ministry on Thursday cut back its 2020 economic forecast to a record 8.5% contraction in GDP. This is a substantial contrast from a 2.8% growth it expected in January as the COVID-19 situation continued to worsen. The ministry’s ...
On Wednesday, Tesla Inc. (TSLA.O) posted its second-quarter profit worth $104 Million from April to June despite shutting down its electric vehicle factory in Fremont, California for roughly seven weeks due to the coronavirus pandemic. Tesla ...
Backed by record-low mortgage rates, U.S. home sales reached its strongest record in June. However, the outlook for the housing market remained murky as low inventory and high unemployment rate pressed amid the virus crisis. Existing home ...
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