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KBC News Picks
EMU: Q4 GDP downwardly revised to −1.6% Q/Q
Wed, Apr 8 2009, 07:03 GMT
by KBC Market Research Desk
KBC Bank | View company's profile
The final figure of euro zone fourth quarter GDP showed a slight downward revision from -1.5% Q/Q to -1.6% Q/Q. Looking at the details, household spending (- 0.3% Q/Q from -0.9% Q/Q) and government spending (0.4% M/M from -0.6% M/M) were upwardly revised, while investments was downwardly amended from -2.7% Q/Q to -4.0% Q/Q. Both exports and imports showed an upward revision compared to the preliminary outcome.
Other: UK industrial production remains a drag on growth
In the UK, industrial production came out broadly in line with expectations in February. On a monthly basis, industrial production dropped by 1.0% M/M, while the consensus was looking for a decline by 1.2% M/M. The previous figure was slightly downwardly revised from -2.6% M/M to -2.7% M/M. The year-on-year figure was down by 12.5% Y/Y. Looking at the details, manufacturing dropped by 0.9% M/M and also mining & quarrying was down by 0.9% M/M. These data indicate that production will remain a drag on growth in the first quarter of 2009.
Published on Wed, Apr 8 2009, 07:08 GMT
Archive
- US: PPI falls more than expected on energy
Published On Thu, Mar 18 2010, 08:26 GMT - US: Industrial production unexpectedly rose in February
Published On Tue, Mar 16 2010, 08:10 GMT - US: Core Retail sales surge, as the consumer kicks back
Published On Mon, Mar 15 2010, 08:36 GMT - Other: UK trade deficit biggest since August 2008
Published On Wed, Mar 10 2010, 08:43 GMT - EMU: German IP rises despite cold weather
Published On Tue, Mar 9 2010, 08:32 GMT
Legal disclaimer and risk disclosure
This non-exhaustive information is based on short-term forecasts for expected developments on the financial markets. KBC Bank cannot guarantee that these forecasts will materialize and cannot be held liable in any way for direct or consequential loss arising from any use of this document or its content. The document is not intended as personalized investment advice and does not constitute a recommendation to buy, sell or hold investments described herein. Although information has been obtained from and is based upon sources KBC believes to be reliable, KBC does not guarantee the accuracy of this information, which may be incomplete or condensed. All opinions and estimates constitute a KBC judgment as of the data of the report and are subject to change without notice.Related reports
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