Canadian economy grows by 0.4% in January - Breaking The News

Canadian economy grows by 0.4% in January

28 March

1 min read

UNSPLASH/DILLON LOBO

Canada's gross domestic product (GDP) rose by 0.4% in January compared to the previous month, Statistics Canada said in a report on Friday. The growth, which came in higher than expected, was mostly attributed to goods-producing industries, which added 1.1% month-on-month, representing the largest increase since October 2021.

Services-producing industries grew by 0.1% in January, while the manufacturing sector recorded a 0.8% rise. Utilities expanded 2.7%, construction added 0.7%. Retail trade shrank by 0.9%, while wholesale increased by 0.7%.

data gdp

Italy's inflation up from 1.6% to 2% in March

2 hours ago

Annual inflation in Italy came in at 2% in March, according to the preliminary report published on Monday by the National Statistics Office (INE).The acceleration in overall consumer price growth was primarily attributed to an increase in the prices of non-regulated energy products and to a lesser extent to tobacco, unprocessed food, and services related to communication and recreation. However, the report also highlighted a moderation in the prices of...

UK mortgage approvals down to 65,500 in February

3 hours ago

Mortgage approvals for house purchases in the United Kingdom fell to 65,500 in February, down from 66,100 registered in January, the Bank of England announced in a report published on Monday.Approvals for remortgaging decreased to 32,000 in February from 32,800 registered a month prior. Consumer credit was at £1.4 billion in February compared to £1.7 billion recorded in January, with the annual growth rate for all consumer credit stable at 6.4%.The...

German retail sales up 4.9% in February

6 hours ago

Calendar and seasonally adjusted turnover in retail trade in Germany rose by 4.9% in real terms in February compared to the same period in the previous year, the country's statistical office Destatis revealed in its report on Monday. On a monthly basis, the turnover in retail trade increased by 0.8%.In nominal terms, retail sales jumped by 5.9% on an annual basis in the reported month, while the figure advanced by 0.8% compared to the previous month.Food...

China's manufacturing growth improves in March

10 hours ago

China's National Bureau of Statistics (NBS) Purchasing Manager's Index (PMI) for manufacturing landed in the expansionary territory in March, increasing to 50.5, according to a report released by the China Federation of Logistics and Purchasing (CFLP) on Monday. The data, compiled by the NBS, showed the headline figure above the neutral 50, improving compared to last month's 50.2 to land above estimates and mark an overall growth in the...

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.