View the Archive..October 31, 2014GDP BY INDUSTRY AUGUST 2014
Canada's real GDP dipped 0.1 per cent for the month of August 2014 to a seasonally-adjusted annual rate of $1.63 trillion dollars (chained (2007) dollars at basic prices). The previous seven months all had positive growth including 0.5 per cent in May and 0.3 per cent in June. Goods production fell 1.0% in August as most major subsectors registered declines, led by oil and gas extraction and manufacturing. Utilities increased in August. In the services sector, there were notable gains in the public sector, wholesale trade, and finance and insurance.
Manufacturing output decreased 1.2 per cent in the month as durable goods declined as a results of transportation and equipment manufacturing (motor vehicle parts and misc. transportation equipment manufacturing). Non-durables also fell, notably in plastics and rubber, food, textile clothing and leather manufacturing, as well as printing and related support activities.
Finance and Insurance were up in August by 0.3 per cent, as banking and financial investment increased while insurance services declined.
Compared to the same month last year, real GDP was 2.2 per cent higher in August 2014 and on average over the first eight months, real GDP is 2.2 per cent higher in 2014 than 2013.
Statistics Canada Cat. No. 15-001-X, CANSIM 379-0031
October 31, 2014US PERSONAL INCOME AND OUTLAY, SEPTEMBER 2014
US personal income increased in September 1.5 percent ($22.7 billion), and disposable personal income increased $15.7 billion. Over the past eight months, personal income and personal disposable income have both grown by 3.4 per cent.
Consumer expenditures declined by 0.2 per cent over the month ($19.0 billion). Personal savings continue to rise and now stand at 5.6 per cent of disposable income.
October 31, 2014MONETARY POLICY: JAPAN
The Policy Board of the Bank of Japan announced it will increase its purchase of assets from an annual pace of 60-70 trillion year to 80 trillion yen. This expansion of the monetary base will primarily be accomplished through increased purchases of Japanese government bonds (whose average term to maturity will also be extended from 7 to 10 years). The Bank of Japan will also purchase about 3 trillion yen of exchange-traded funds and 90 billion yen of real estate investment funds. Existing holdings of commercial paper and corporate bonds will be maintained.
October 31, 2014JAPAN CPI, SEPTEMBER 2014
The Japanese all-items consumer price index increased by 0.2 per cent from August to September and by 3.2 per cent from September 2013. All 10 major groups reported positive inflation over the previous 12 months, though Housing price growth was only 0.1 per cent. Food (5.1 per cent) and fuel/light/water charges (5.3 per cent) led inflationary pressures.
Measured on the conventional 12-month period, Japanese inflation has been boosted by the April increase of 3 per cent in the country's value-added tax rate. Since this time, underlying inflation has been low and declining.
October 31, 2014JAPAN LABOUR FORCE SURVEY - SEPTEMBER
Japan's seasonally adjusted unemployment rate edged up from 3.5 per cent in August to 3.6 per cent in September. Both seasonally adjusted labour force and employment grew, but slightly faster growth in labour supply contributed to added unemployment.
Unadjusted employment stood at 64.02 million, an increase of 0.7 per cent from September 2013. The Japanese labour force was 66.35 million (up 0.3 per cent).