View the Archive..October 24, 2014UK GDP, 2014Q3
The UK economy slowed in the third quarter to 07 per cent growth compared to 0.9 per cent the previous quarter according to the preliminary data released today by the UK Office of national statistics. Compared to the third quarter of 2013, the UK economy was 3.0 per cent larger, all figures are seasonally adjusted and have had the effect of price changes removed.
In the third quarter of 2014, the services sector was the main engine of growth, rising by 0.7 per cent compared with 2014Q2. Within the service sector there was growth in all four sub-sectors: distribution, hotels and restaurants (0.5%), transport, storage and communication (+1.1%), business services and finance (+1.0%), and government and other services (+0.3%). The smaller production and construction sectors grew at 0.5 and 0.8 per cent respectively.
UK Office for National Statistics
October 23, 2014EMPLOYMENT INSURANCE AUGUST 2014
In August 2014, the number (seasonally adjusted) of Nova Scotians receiving regular Employment Insurance (EI) benefits decreased by 200 persons (-0.8%) from the previous month to 25,070, and declined by 2,140 persons (-7.9%) over August 2013.
In August 2014, the number (seasonally adjusted) of Canadians receiving regular EI benefits fell by 680 persons (-0.1%) from the previous month to 498,140 and declined by 18,760 persons (-3.6%) over August 2013.
October 23, 2014UK RETAIL SALES, SEPTEMBER 2014
The UK Office of National Statistics reports that in September 2014 retail sales (volumes based - seasonally adjusted) quantity decreased 0.3 per cent over August 2014 and increased 2.7 per cent over September 2013. Downward pressures on sales came from textile, clothing and footwear sales (unseasonably warm weather may have prevented some shopping for warm outerwear. according to sources).
The amount spent (value) decreased 0.6 per cent compared to August 2014 but was 1.3 per cent higher than in August 2013.
October 22, 2014RETAIL TRADE, AUGUST 2014
In Canada, retail sales (seasonally adjusted) declined 0.3% from July 2014 to $42.4 billion in August 2014. Retail sales were down in six provinces in August. In Nova Scotia, retail sales (seasonally adjusted) decreased 1.5% from July 2014 to $1.18 billion in August 2014. Lower sales in Ontario (-0.5%), Alberta (-0.5%), Nova Scotia (-1.5%) and Newfoundland and Labrador (-2.1%) came after three or more months of advances.
October 22, 2014JOB VACANCIES, JULY 2014
In Nova Scotia in July 2014, the three month average number of job vacancies was 4,300, level with a year. In Canada, the number of job vacancies in July 2014 was 222,700, up 10,000 from July 2013.
The Job Vacancy Rate (the number of job vacancies or vacant positions on the last business day of the month as a percentage of labour demand) for Nova Scotia in June 2014 was 1.1, the same as a year ago. The lowest job vacancy rate in Canada this month was in Newfoundland and Labrador, at 1.0. Nationally, the job vacancy rate for July 2014 was 1.5, up from 1.4 a year earlier.