11 Updates
China's GDP growth slows
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China's GDP growth slows

Jul 15 2013, 3:28am CDT | by

Beijing, July 15 (IANS) China's gross domestic product growth slowed to 7.5 percent in the second quarter of 2013, down from 7.7 percent during the first quarter, data from the National Bureau of Statistics (NBS) showed Monday.

Beijing, July 15 — China's gross domestic product growth slowed to 7.5 percent in the second quarter of 2013, down from 7.7 percent during the first quarter, data from the National Bureau of...

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1 year ago

China's GDP growth slows

Jul 15 2013, 3:28am CDT | by

Beijing, July 15 (IANS) China's gross domestic product growth slowed to 7.5 percent in the second quarter of 2013, down from 7.7 percent during the first quarter, data from the National Bureau of Statistics (NBS) showed Monday.

Beijing, July 15 — China's gross domestic product growth slowed to 7.5 percent in the second quarter of 2013, down from 7.7 percent during the first quarter, data from the National Bureau of Statistics (NBS) showed Monday.

Growth in the first half of the year stood at 7.6 percent, which is in line with market expectations and was above the government's full-year target of 7.5 percent, reported Xinhua.

"China's economy has maintained a steady growth," Sheng Laiyun, a spokesman for the NBS, said at a press conference.

According to the NBS data, the GDP totalled 24.8 trillion yuan ($4 trillion) in the first six months.

"Major economic indicators are still within reasonable ranges as expected, but the economic environment remains complex," Sheng said, adding that the market should play a better role to bring out the economy's intrinsic vigour.

The latest GDP figures headed a string of other data showing a continuous slowdown in the world's second-largest economy after China's full-year annual growth eased to 7.8 percent last year, its weakest since 1999.

Industrial output increased 9.3 percent year on year in the first half of 2013, while the growth of fixed-asset investment, a measure of government and private spending on infrastructure, stood at 20.1 percent during the period, down 0.8 percentage point over the first quarter of the year.

Retail sales, a key indicator of consumer spending, increased 12.7 percent from a year earlier. The growth rate picked up by 0.3 percentage point from the first quarter, according to the NBS.

IANS

Source: IANS

 
Update
11

1 hour ago

Economy picking up as consumers turn bullish

Jul 29 2014 6:10pm CDT | Source: USATODAY

Consumer confidence hit a seven-year high in July and economists foresee rebound in 2Q GDP.         ...
Source: USATODAY   Full article at: USATODAY
 

 
Update
10

3 hours ago

Wall St. to read economic tea leaves from Fed, GDP

Jul 29 2014 4:00pm CDT | Source: CNBC

Wall Street on Wednesday gets two reads on the economy, one from the Commerce Department and the other f ...
Source: CNBC   Full article at: CNBC
 

 
Update
9

10 hours ago

Bond Report: Treasurys climb ahead of GDP, Fed

Jul 29 2014 9:25am CDT | Source: MarketWatch

Treasury prices rise after a round of data, as investors look to the big-ticket economic news of th ...
Source: MarketWatch   Full article at: MarketWatch
 

 
Update
8

12 hours ago

Economic News will Dominate the Rest of the Week

Jul 29 2014 7:06am CDT | Source: Trading Markets

The rest of the week will be dominated by economic news with the Federal Open Market Committee meeting, the first look at Q2 GDP, and the monthly employment situation report all coming over the next four days. Today the market is neutral. It was good to see yesterday’s intraday recovery and with volatility picking up [Read More]The post Economic News will Dominate the Rest of the Week appeared first on TradingMarkets.com. ...
Source: Trading Markets   Full article at: Trading Markets
 

 
Update
7

18 hours ago

GDP expected to grow by 5.2-5.7 pc in FY15: NCAER

Jul 29 2014 1:26am CDT | Source: Business Today

With manufacturing sector showing signs of nascent recovery, clocking a growth of 2.5 per cent and 4.8 per cent in April and May respectively as against negative growth in the earlier months, India's GDP is expected to exp ...
Source: Business Today   Full article at: Business Today
 

 
Update
5

2 days ago

Here's what may matter more than jobs and earnings

Jul 27 2014 4:00pm CDT | Source: CNBC

Between GDP, jobs data and earnings, investors will have a lot to chew over this week. But here's what the real dr ...
Source: CNBC   Full article at: CNBC
 

 
Update
4

3 days ago

The UK Economy Is Recovering But Population Growth Is Flattering GDP

Jul 26 2014 1:33am CDT | Source: Forbes Real Time

It's entirely true that the UK's GDP has now just (just about, as close as we can measure these things) recovered to reach the level we were at just pre-crisis in 2008. However, it's also true that there's been significant population growth during this period and that means that n ...
Source: Forbes Real Time   Full article at: Forbes Real Time
 

 
Update
3

4 days ago

Wonkblog: Britain’s economy is finally bigger than it was in 2008. What took so long?

Jul 25 2014 2:33pm CDT | Source: The Washington Post

Britain's economy is a riddle, wrapped in a mystery, inside an enigma. And finally, six years later, it's an economy that's bigger than it was before the Great Recession. Now, on the one hand, there's nothing puzzling about Britain's slow-motion recovery. It had a big boom, a big bust, and big austerity. Given all this, we would have expected it to take awhile for GDP to get back to its pre-crisis level. But this has been a lot longer than awhile. ...
Source: The Washington Post   Full article at: The Washington Post
 

 
Update
2

4 days ago

G7 GDP

Jul 25 2014 9:38am CDT | Source: SeekingAlpha

By Marc Chandler:The UK is typically the first G7 country to report its official estimate of quarterly GDP figures. Today was the day. Growth in Q2 was spot on expectations, matching the 0.8% pace seen in Q1. The US will issue its first estimate next week.Today's US June durable goods order report was somewhat disappointing. This stems from the weakness in non-defense shipments excluding aircraft (-1.0% after May's series was revised to -0.1% ...
Source: SeekingAlpha   Full article at: SeekingAlpha
 

 
Update
1

6 days ago

Why Housing Is The Most Important Area To Watch

Jul 23 2014 2:10pm CDT | Source: SeekingAlpha

By Sean Emory:The significance of the U.S. housing market is material to investors in the U.S. and globally. In order to systematically present how housing drives the U.S. economy, I wanted to break it down into three basic segments. Contribution to GDP The creation of construction jobs Wealth effect on the consumers (click to enlarge) GDP Effect Housing historically has contributed to ...
Source: SeekingAlpha   Full article at: SeekingAlpha
 

 

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<a href="/latest_stories/all/all/8" rel="author">Luigi Lugmayr</a>
Luigi is the founding Chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.

 

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