Official figures today have revealed Japanese economic growth slowed in the April to June period. The economy expanded by just 0.1% in the three month period – far less than expected by analysts. Meanwhile, on an annual basis, the economy grew by 0.4% in the quarter, down from a revised 4.4% in the previous...
Posted to
Finance
on 08-16-2010
Filed under: All Financial News, Economy News, US, Japan, GDP, China, growth, slow, second, largest, overtake, exporter, quarter two
The Commerce Department today announced the US trade deficit widened in June to $49.90 billion (£31.8 billion) – the highest level in 20 months and much higher than the $42.2 billion most economists had expected. According to the Commerce Department, the further widening in the trade deficit was primarily...
Posted to
Finance
on 08-11-2010
Filed under: All Financial News, Economy News, US, exports, China, Commerce Department, imports, higher, June, expected, trade deficit, widen
Chinese inflation continued to increase last month as devastating floods drove up the price of food as crops were wiped out. According to the National Bureau of Statistics (NBS), the closely-watched consumer price index rose 3.3% in July against 2.9% in June. A spokesperson for the Bureau said the rise...
Posted to
Finance
on 08-11-2010
Filed under: All Financial News, Economy News, inflation, rise, China, growth, National Bureau of Statistics, exceed, target, July, floods, NBS
China’s trade surplus widened to $28.7 billion (£17.9 billion) last month as exports soared. Not only did the trade surplus surge from June’s $20.02 billion, but it exceeded expectations of a $19.6 billion surplus. The figure represented the highest since January 2009, when it stood at $39.11 billion...
Posted to
Finance
on 08-10-2010
Filed under: All Financial News, Economy News, exports, Yuan, China, imports, July, widen, trade surplus