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Analysts had expected a decrease in Canadian GDP in November 2018. The country's economy decreased by 0.1%. In October, an increase of 0.3% was recorded. Growth in 13 of Canada’s 20 industrial sectors was offset by declines in the wholesale, finance, insurance, manufacturing and construction sectors. Production fell by 0.3%, trade sector - by 1.1%. Wholesale sales declined by 2.1% after growing. The manufacturing sector deteriorated by 0.5%, for the third time in four months. Repair work at many refineries reduced production in the sector by 2.2%. The construction sector has reduced rates to a minimum of 2017. Low results in the industry have been marked for the sixth month in a row. Construction of residential real estate fell by 1%, non-residential - by 0.7%. A 0.7% decline was noted in retail.
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 ...
The second quarter likely saw South Korea’s economy hitting its sharpest downturn in over two decades, a Reuters survey showed on Tuesday. This was mainly from the pandemic dragging the labor market, consumer spending, and global export ...
On Thursday, the international market had seen a plummet in the value of Asian shares and U.S. stock futures. It is seen to be caused by worries of a falling-out between the United States and China as well as the hit that global economies ...
Singapore’s economy recorded its sharpest contraction in the second quarter. This placed the trade-dependent city-state into recession as it is also expected to suffer from its worst inactivity this year on virus-beaten businesses. The ...
KYC Policy