Wikio - Economic Indicators

Bounce in GDP discounted (Cincinnati Enquirer)

Fri, 29 Aug 2008 08:11:00 GMT

WASHINGTON - The economy pulled out of a dangerous rough patch in the spring, thanks largely to strong exports, but the rebound isn't expected to last.Economic slowdowns overseas could make exports tail off just as Americans are hunkering down after the bracing impact of rebate checks wanes, plunging the country into another rut later this year."There will be heavy sledding for the U.S. economy...

Source : Cincinnati Enquirer (subscribe)

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FOXBusiness: Alitalia Files Bankruptcy Protection- FOXBusiness: Exports Push Up GDP to 3.3% Pace (Fox News)

foxnewsonline@foxnews.com — Fri, 29 Aug 2008 18:45:55 GMT

Balance SheetWhether you're walking a tightrope or scribbling in your checkbook, balance is a good thing. And, one of the best ways to evaluate a company is to glance at its balance sheet to see what it owns with what it owes.The balance sheet is a paragon of simplicity and is made up of three components: assets (the stuff it owns), liabilities (the money it owes), and shareholders' equity (the company's...

Source : Fox News (subscribe)

Canadian Real GDP Turns Upward, Slightly (Dismal)

Fri, 29 Aug 2008 11:30:00 GMT

Domestic demand outpaced GDP growth in the second quarter.

Source : Dismal (subscribe)

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Strong GDP data, weak oil spark Wall St rally (Reuters)

Fri, 29 Aug 2008 08:48:32 GMT

NEW YORK (Reuters) - U.S. stocks rose sharply on Thursday as the government reported the economy grew at a surprisingly robust clip in the second quarter and oil prices eased, driving gains in major industrial and financial companies.

Source : Reuters (subscribe)

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Things That Matter More Than the GDP (Seeking Alpha)

Fri, 29 Aug 2008 13:33:56 GMT

Roger Nusbaum submits: A reader asked for my take on GDP, which printed a better than expected 3.3%! It probably means gray skies are gonna clear up and that all is right in the world. Ahem . Barry Ritholtz does the heavy lifting of dissecting the report and spelling out why there is less than meets the eye. Ditto Durable Goodies so I won't reinvent the wheel. Mish just invoked the term Occam's Razor...

Source : Seeking Alpha (subscribe)

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An Unexpectedly Strong GDP Number (Seeking Alpha)

Fri, 29 Aug 2008 12:09:00 GMT

Zubin Jelveh submits: When the 2nd quarter GDP number came in at 1.9 percent last month, nearly everyone was talking about how much lower it would get revised. But yesterday's update showed that growth was even higher at 3.3 percent thanks to upward revisions to exports and inventory investment and a downward revision to imports. Still, despite the robust figure, most economists didn't change their...

Source : Seeking Alpha (subscribe)

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U.S. GDP rate rebounds to 3.3% (Philadelphia Inquirer)

Fri, 29 Aug 2008 07:01:00 GMT

WASHINGTON - The U.S. economy, pulling out of a rough patch, grew at a suprisingly strong 3.3 percent annual rate in the spring, the Commerce Department reported yesterday.

Source : Philadelphia Inquirer (subscribe)

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Swiss 2007 GDP Revised Up (Dismal)

Fri, 29 Aug 2008 06:45:00 GMT

While the outlook for 2008 darkens.

Source : Dismal (subscribe)

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Pulp Fiction: The Latest GDP Revisions (Seeking Alpha)

Fri, 29 Aug 2008 13:15:45 GMT

Yesterday the Bureau of Economic Analysis (BEA) revised its 2Q08 GDP growth to an annualized rate of 3.3%, up from 2.7%. It’s a shame this data had to be revealed on August 28, a date not associated with humorous pranks; had it come out on April 1st investors would have a much better clue that the BEA is joking. There are several problems with the BEA’s data. But the most glaring of them pertains...

Source : Seeking Alpha (subscribe)

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Stocks soar after GDP, jobless news (Indy Star)

Fri, 29 Aug 2008 05:00:00 GMT

NEW YORK -- Wall Street barreled higher Thursday after a better-than-expected reading on the gross domestic product and a drop in jobless claims gave investors some reassurance that the economy is holding up. The Dow Jones industrial average jumped more than 200 points.

Source : Indy Star (subscribe)

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GDP and jobless-claim data push up Dow 212 (Star Tribune)

Fri, 29 Aug 2008 04:58:16 GMT

The Commerce Department's report that gross domestic product rose at an annual rate of 3.3 percent for the April-June period followed several economic readings this week that have left investors somewhat optimistic. The weaker dollar helped boost U.S. exports, which pushed GDP growth beyond the government's initial estimate of 1.9 percent as well as economists' forecast of 2.7 percent.

Source : Star Tribune (subscribe)

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Stocks soar on upbeat GDP data (Seattle Times)

Fri, 29 Aug 2008 04:29:00 GMT

The Commerce Department's report that gross domestic product rose at an annual rate of 3.3 percent for the April-June period helped punctuate a week of generally upbeat economic readings that have left guarded investors somewhat optimistic. The weaker dollar helped boost U.S. exports, which pushed GDP growth beyond the government's initial estimate of 1.9 percent as well as economists' forecast...

Source : Seattle Times (subscribe)

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Japan's consumer price index rises fastest in more than 16 years (The Earth Times Online Newspaper)

Fri, 29 Aug 2008 04:25:46 GMT

Tokyo - Japan's economic indicators on Friday showed the fastest rise of the nation's consumer price index (CPI) in more than 16 years, a slowing down of household spending, a slightly better unemployment rate and stronger industrial output data for ...

Source : The Earth Times Online Newspaper (subscribe)

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MARTS SOAR ON GOOD GDP DATA (New York Post)

Fri, 29 Aug 2008 08:06:05 GMT

MARTS SOAR ON GOOD GDP DATAAPPosted: 4:06 amWall Street barreled higher yesterday after a better-than-expected reading on the gross domestic product and a drop in jobless claims gave investors some reassurance that the economy is holding up. The Dow Jones industrial average jumped more than 200 points. The Commerce Department's report that gross domestic product rose at an annual rate of 3.3 percent...

Source : New York Post (subscribe)

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GDP, job figures give stocks a boost (Denver Post)

Fri, 29 Aug 2008 02:20:51 GMT

NEW YORK — Wall Street barreled higher Thursday after a better-than-expected reading on the gross domestic product and a drop in jobless claims gave investors some reassurance that the economy is holding up. The Dow Jones industrial average jumped more than 200 points. A decline in oil prices also appeared to add force to the rally in stocks. But trading volume was again light heading...

Source : Denver Post (subscribe)

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India Q1 GDP growth slows to 7.9%, from 8.8% in Q4 (Market Watch)

Fri, 29 Aug 2008 05:54:51 GMT

HONG KONG (MarketWatch) -- India's gross domestic product grew at 7.9% in the April-June period from the year-earlier quarter, according to official data released Friday. Economists had expected GDP to grow 8.1% during the quarter. The weaker-than-expected expansion represents a marked slowdown from the 8.8% growth recorded in the previous quarter, and 9.2% expansion in the year-earlier quarter. The...

Source : Market Watch (subscribe)

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CBS and NBC Spike Big GDP Jump, ABC Gives It 13 Seconds (NewsBusters)

Fri, 29 Aug 2008 00:39:01 GMT

The second quarter Gross Domestic Product (GDP) was revised upward Thursday by the Commerce Department from the initially estimated 1.9 percent to a robust 3.3 percent, but neither the CBS Evening News nor NBC Nightly News mentioned the good news , while on ABC's World News anchor Charles Gibson, at Invesco Field, allocated 13 seconds to what he considered “surprisingly strong” economic news: Other...

Source : NewsBusters (subscribe)

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GDP Revision Signals Strength (Law Blog - WSJ.com)

Fri, 29 Aug 2008 00:30:39 GMT

The U.S. economy was much stronger in the spring than first thought, with GDP rising 3.3%, but the pace is expected to slow over the rest of the year.

Source : Law Blog - WSJ.com (subscribe)

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GDP Much Weaker Than Headline Numbers (Mish's Global Economic Trend Analys)

Fri, 29 Aug 2008 07:07:00 GMT

The 2nd quarter 2008 preliminary GDP numbers are out. Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 3.3 percent in the second quarter of 2008, (that is, from the first quarter to the second quarter), according to preliminary estimates released by the Bureau of Economic Analysis. In the first...

Source : Mish's Global Economic Trend Analys (subscribe)

Inflation Report Follows Strong GDP (Forbes)

Thu, 28 Aug 2008 23:10:16 GMT

After healthy gains Thursday, expect even lighter volume in New York Friday, as many traders get an early start to the three-day holiday weekend. Following a surprisingly strong report on second-quarter economic growth, the market gets a reading on inflation from personal consumption expenditures. Oil prices will also be worth watching as major storms are tracked from the energy pits. , the...

Source : Forbes (subscribe)

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