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Other Industry News > General Economic News
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U.S. economic growth jumps, according to GDP figures
U.S. output of goods and services increased at an annual rate of 3.6% in the third quarter, according to the second estimate released by the Bureau of Economic Analysis. In the second quarter, real gross domestic product increased 2.5%. The third-quarter gain primarily reflected positive contributions from private inventory investment, personal consumption expenditures, exports, nonresidential fixed investment, residential fixed investment, and state and local government spending that were partly offset by a negative contribution from federal government spending. For more, click here...
U.S. construction spending posts October gain
U.S. construction spending during October was at a seasonally adjusted annual rate of $908.4 billion, 0.8% higher than the September estimate and 5.3% higher than the October 2012 figure, according to the Census Bureau. Residential construction was at a SAAR of $326.9 billion in October, 0.6% below the September estimate. For more, click here...
U.S. leading indicators post October gain
The Conference Board's Index of Leading Economic Indicators posted a fourth consecutive monthly gain in October. The index, which gauges the economic outlook for the next three to six months, was up 0.2% in October following a 0.9% gain in September. October's index reading was held down in part by the 16-day partial government shutdown, according to analysts. For more, click here...
Canada CPI up in October
Canada's Consumer Price Index rose 0.7% in the 12 months to October, following a 1.1% increase in September, according to Statistics Canada. The slower rise was mainly attributable to a year-over-year decline in gasoline prices. For more, click here...
Canada GDP rose 0.3% in August
Canada's real gross domestic product rose 0.3% in August, after increasing 0.6% in July and declining 0.5% in June, according to Statistics Canada. For more, click here...
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