Canadian labor productivity declined more than expected

Note: This section contains information in English only.
Source: Statistics Canada

Statistics Canada reported on Friday that labor productivity in Canadian businesses fell by 0.4% in the second quarter, compared to no change during the three previous months. The real GDP of businesses increased by only 0.5%, while the amount of hours worked grew by 0.9%. The fall in labor productivity was steeper than expected, since analysts predicted that it would remain unchanged.

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Fri, 07 Sep 2012 16:32:35 GMT

Industrial production in Germany rose unexpectedly

The German Economy Ministry reported today that the industrial output grew by 1.3% in July, compared to a preceding month's 0.4% decline. The figure for June is revised up from an initially reported 0.9% drop. The analysts, however, expected that there would be no change in July's output. Year over year, the industrial production fell by 1.4%

Fri, 07 Sep 2012 17:26:38 GMT

Canadian jobless rate unchanged in August

Canadian unemployment rate remained unchanged at 7.3 per cent, in line with market expectations, Statistics Canada reported on Friday.  At the same time, employment rose by 34.3 thousand jobs, after falling 30.4 thousand in the preceding month, beating expectations of 10 thousand.

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