Gross Domestic Product update for 3rd Quarter of 2014 for United States Of America , Germany and Spain

Germany Gross Domestic Product for 3rd Quarter of 2014

Spain Gross Domestic Product for 3rd Quarter of 2014

United States of America Gross Domestic Product for 3rd Quarter of 2014 

#GDP #GrossDomesticProduct update for 3rd Quarter of 2014 for #UnitedStatesOfAmerica #Germany and #Spain .

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Gross Domestic Product of Italy, Germany and France for Third Quarter of 2014

Gross Domestic Product of France for 3rd Quarter of 2014

Gross Domestic Product of Germany for 3rd Quarter of 2014

Gross Domestic Product of Italy for 3rd Quarter of 2014

#GrossDomesticProduct #GDP Of #Italy #Germany and #France for Third Quarter of 2014.

‪GDP‬ ‪‬ of ‪Italy‬ for 3rd Quarter of 2014 decreased by -0.10% compared to 2nd Quarter of 2014 and decreased by -0.40% YoY.
‪GDP‬ ‬ of ‪‎Germany‬ for 3rd Quarter of 2014 grew by +0.10% compared to 2nd Quarter of 2014 and fell from 1.40% to1.20% YoY.
GDP of France for 3rd Quarter of 2014 grew by +0.30% compared to 2nd Quarter of 2014 and fell from 0.80% to 0.40% YoY.

‪#‎DAX30‬ = Benchmark Index of ‪#‎GermanyStockExchange‬ Performance as on 14th November 2014
#CAC40 Benchmark Index of #FranceStockExchange Performance as on 14th November 2014

YoY - Year on Year.
#FrenchEconomy #Eurozone #EconomyGrowth ‪#‎GermanEconomy‬ ‪#‎EconomicNews‬ ‪#‎GermanyEconomicData‬ ‪#‎Europe‬ ‪#‎EconomicGrowth‬ ‪‪#‎FrankfurtStockExchange‬ ‪#‎Euronext‬ ‎#talianEconomy‬ ‪#GermanEconomicIndicators #ItalyEconomicIndicators #FranceEconomicIndicator #‎ItalyEconomicData ‬ ‪#‎Rome‬ ‪ #‎Europe‬ ‪ #EuropeEconomicIndicators

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Taiwan Central Bank holds Monetary Policy rates on moderate growth

27th March 2014

 Taiwan's central bank left its benchmark rate steady at 1.875 percent, as expected, and said the government's budget office was forecasting higher 2014 growth despite a slowdown in China's growth and the U.S. Fed's scaling back on its asset purchases, which "might complicate the outlook for the global economy" due to cross-border spillovers and heightened financial market volatility.
    The Central Bank of the Republic of China (Taiwan), which has maintained its rate since June 2011,  said the rate was held steady due to its assessment of "moderate growth and mild inflation outlook in the domestic economy and lingering uncertainties in the global economy."
    Economic growth in the first quarter of 2014 is forecast at 3.02 percent and the full year forecast is 2.82 percent, up from in 2.11 percent in 2013. Fourth quarter Gross Domestic Product rose by 2.43 percent from the third quarter for annual growth of 2.95 percent.
    Employment is also continuing to rise, the bank said, particularly in the services sector with the unemployment rate down from 4.05 percent in February from January's 4.07 percent.
    Inflation is forecast to remain stable at an average 1.07 percent in 2014 amid mild global inflation expectations, muted domestic demand and a negative output gap.
    In February Taiwan's consumer prices fell by 0.05 percent from inflation of 0.76 percent in January. For the first two months of the year, consumer prices averaged 0.39 percent

Taiwan holds rate on moderate growth, mild CPI outlook - Central Bank News

Kenya Central Bank maintains Interest rates to anchor inflation expectations

4th March 2014

Kenya's central bank maintained its Central Bank Rate (CBR) at 8.50 percent to continue anchoring inflation expectations as inflation remains in the upper bound of the bank's medium term target of 5.0 percent despite its recent decline.
    However, the Central Bank of Kenya (CBK), which has held its rate steady since May 2013 after cutting it by 250 basis points in the first months of the year, said overall inflation eased to 6.86 percent in February from January's 7.21 percent while non-food, non-fuel inflation (NFNF) had risen slightly to 4.93 percent from 4.83 percent, indicating that its policy stance had supported a stable inflation rate and that private sector credit growth was non-inflationary.
    The CBK added that both 1-month and 3-month inflation measures had stabilized in February, "indicating an easing of underlying inflationary pressure."
    The central bank targets inflation in a range of 2.5 percentage points around a 5 percent midpoint. Inflation remained within the CBK's range last year apart from September and October when inflation exceeded the upper limit following the imposition of a 16 percent valued-added-tax on some goods.
    Kenya's shilling has also been stable in the last month, fluctuating within a narrower range of 86.06 to 86.58 to the U.S. dollar compared with a range of 85.46 to 86.96 in January.
    The central bank said its level of foreign reserves had risen to US$ 6.258 billion at the end of February, the equivalent of 4.38 months of imports, from $6.165 billion end December, mainly due to commercial banks selling foreign exchange to the CBK.
    It added that Kenya's cumulative current account deficit had improved to 8.09 percent of Gross Domestic Product by December 2013, down from a deficit of 10.45 percent in 2012, while the government's borrowing program for fiscal 2013/14 was consistent with monetary policy objectives. This means the  the private sector will not be crowded out, an effect that could jeopardize the expected increase in private investment.
    Kenya's banking sector also remains solvent, according to the latest stress tests, with annual growth in private sector credit of 20.47 percent in January, up from 20.08 percent in December, and confidence in the economy remains strong with the central bank's market perception survey from February showing that the private sector expects inflation and the exchange rate to remain stable for the remainder of this year and sustained optimism for strong economic growth in 2014.
    The central bank also noted that Fitch Ratings had affirmed Kenya's long-term foreign and local currency rating at B+ and BB-, respectively, with a stable outlook, while activity on the Nairobi stock exchange had been buoyant and diaspora remittances continued to average over $110 million a month between July 2013 and January 2014.
    Kenya's GDP expanded by 1.6 percent in the third calendar quarter of 2013 from the second quarter for annual growth of 4.4 percent, up from 4.3 percent in the second quarter


Kenya maintains rate to anchor inflation expectations - Central Bank News

Peru Central Bank holds rate, cuts reserve requirements in second week of February

13th February 2013

Peru's central bank maintained its monetary policy reference rate at 4.0 percent but again lowered the reserve requirements on the domestic soles currency by 100 basis points to 13 percent and said that it would "implement additional measures to ease its monetary policy instruments" if necessary.
    The Central Bank of Peru (BCRP), which cuts it rate by 25 basis points in November as a preventative move, also said the economy slowed down until the third quarter of last year but indicators and surveys about expectations "show a recovery of economic activity in the first quarter of this year."
    Peru's Gross Domestic Product rose by 0.8 percent in the third quarter of last year from the second quarter for annual growth of 4.4 percent, down from the second quarter's 5.6 percent.
    Economic growth remains below the country's potential while inflation expectations remain anchored within the central bank's target range of 1.0 to 3.0 percent with a 2.0 percent midpoint.
    Peru's inflation rate rose to 3.07 percent in January from December's 2.86 percent and an average 2013 rate of 2.86 percent. The bank said the current reference rate of 4.0 percent was compatible with an inflation forecast of 2 percent in the 2014-2015 horizon

Peru holds rate, cuts reserve requirements again - Central Bank News

Uganda Central Bank holds rate, core inflation seen close to target

Uganda's central bank held its central bank rate (CBR) steady at 11.0 percent, saying it was maintaining a neutral policy stance as core inflation over the next 12 months is forecast to remain very close to the bank's 5.0 percent target.
    The Bank of Uganda (BOU), which cut its rate by 100 basis points in June, said the the risks to inflation remain on the upside, as last month, with pressures from the domestic supply side, along with the prospect of higher oil prices due to geopolitical factors in the Middle East and North Africa.
    "Demand pressures remain moderate and still do not pose a risk to the inflation outlook," the bank said.
    Headline and core inflation are likely to rise slightly in the next three to six months due to the impact of drought on food prices, but this is expected to be temporary and prices should then ease and stabilise around 5.0 percent.
    Headline inflation rose to 5.1 percent in July from 3.6 percent and core inflation to 6.4 percent from 5.8 percent due to higher food prices, particularly prices of processed food, which is likely transitory.
    Uganda's economy is forecast to expand by 6 percent in the 2013/14 financial year, which began July 1, but downside risks to growth remain, the bank said.

    A decline in private sector imports in the first six months of this year and a subdued pace of credit extension "suggests a softening of aggregate demand," but a decline in lending interest rates to 22.6 percent in June from 27 percent last year should contribute to a rise in private sector investment and stronger growth in the later part of 2013/14.
    Uganda's Gross Domestic Product shrank by a quarterly 0.1 percent in the first quarter of 2013, but on an annual basis, GDP rose by 7.2 percent, down from 10.4 percent in the fourth quarter

Uganda holds rate, core inflation seen close to target - Central Bank News

for more details log on to Bank of Uganda website : http://www.bou.or.ug/bou/home.html 

GDP Gross Domestic Product ............ simplified 

Definition GDP represents the total value of the country's production during the period and consists of the purchases of domestically-produced goods and services by individuals, businesses, foreigners and government entities. Data are available in nominal and real (inflation-adjusted) dollars, as well as in index form. Economists and market players always monitor the real growth rates generated by the GDP quantity index or the real dollar value. The quantity index measures inflation-adjusted activity, but we are more accustomed to looking at dollar values. Individuals purchase personal consumption expenditures -- durable goods (such as furniture and cars), nondurable goods (such as clothing and food) and services (such as banking, education and transportation). Private housing purchases are classified as residential investment. Businesses invest in nonresidential structures, durable equipment and computer software. Inventories at all stages of production are counted as investment. Only inventory changes, not levels, are added to GDP. Net exports equal the sum of exports less imports. Exports are the purchases by foreigners of goods and services produced in the United States. Imports represent domestic purchases of foreign-produced goods and services and must be deducted from the calculation of GDP. Government purchases of goods and services are the compensation of government employees and purchases from businesses and abroad. Data show the portion attributed to consumption and investment. Government outlays for transfer payments or interest payments are not included in GDP. The GDP price index is a comprehensive indicator of inflation. It is typically lower than the consumer price index because investment goods (which are in the GDP price index but not the CPI) tend have lower rates of inflation than consumer goods and services.

Why Investors Care GDP is the all-inclusive measure of economic activity. Investors need to closely track the economy because it usually dictates how investments will perform. Investors in the stock market like to see healthy economic growth because robust business activity translates to higher corporate profits. Bond investors are more highly sensitive to inflation and robust economic activity could potentially pave the road to inflation. By tracking economic data such as GDP, investors will know what the economic backdrop is for these markets and their portfolios. The GDP report contains a treasure-trove of information which not only paints an image of the overall economy, but tells investors about important trends within the big picture. GDP components such as consumer spending, business and residential investment, and price (inflation) indexes illuminate the economy's undercurrents, which can translate to investment opportunities and guidance in managing a portfolio. Importance Gross domestic product is the country's most comprehensive economic scorecard. Interpretation When gross domestic product expands more (less) rapidly that its potential, bond prices fall (rise). Healthy GDP growth usually translates into strong corporate earnings, which bode well for the stock market. The four major categories of GDP -- personal consumption expenditures, investment, net exports and government -- all reveal important information about the economy and should be monitored separately. One can thus determine the strengths and weaknesses of the economy in order to assess alternatives and make appropriate financial investment decisions. Economists and financial market participants monitor final sales -- GDP less the change in business inventories. When final sales are growing faster than inventories, this points to increases in production in months ahead. Conversely, when final sales are growing more slowly than inventories, they signal a slowdown in production. It is useful to distinguish between private demand versus growth in government expenditures. Market players discount growth in the government sector because it depends on fiscal policy rather than economic conditions. Market participants view increased expenditures on investment favorably because they expand the productive capacity of the country. This means that we can produce more without inciting inflationary pressures. Net exports are a drag on total GDP because the United States regularly imports more than it exports, that is, net exports are in deficit. When the net export deficit becomes less negative, it adds to growth because a smaller amount is subtracted from GDP. When the deficit widens, it subtracts even more from GDP. Gross domestic product is subject to some quarterly volatility, so it is appropriate to follow year-over-year percent changes, to smooth out this variation.

Frequency Quarterly

Source for US or American Economy is available with  Bureau of Economic Analysis (BEA), U.S. Department of Commerce. for India : CSO : http://mospi.nic.in/Mospi_New/site/home.aspx

Availability Usually during the fourth week of the month.

Coverage Data are for the prior quarter. Data released in April are for the first quarter. Each quarter's data are revised in each of the following two months after the initial release.

Revisions Yes.

Econoday Economic Report: GDP

Peru Central Bank holds rate, makes reserve requirements more flexible

Peru's central bank maintained its policy rate at 4.25 percent as inflation remains within the bank's target range and economic growth is close to the "economy's potential level of growth amid international financial uncertainty."
    The Central Bank of Peru (BCRP), which has held rates steady since April 2011, also made its reserve requirements regime more flexible and said that "if necessary, the Board will adopt additional measures to make the regime of requirement reserves more flexible in order to promote a more orderly evolution of credit."
    Under the new measures, the central bank said that a financial institution's long-term liabilities that are "not subject to reserve requirements was raised in May to 2.3 times the effective equity with the aim of promoting increased long-term financing in soles, and a maximum limit of 20 percent was established in June for the mean rate of reserve requirements in soles in order to reduce the dispersion of required reserves in the different financial entities and promote intermediation in soles, releasing in this way 500 million soles."
   Peru's economy has been weakening in recent months due to weaker mining and last month the central bank lowered its 2013 growth forecast to 6.1 percent from a previous forecast of 6.3 percent. In 2012 the economy expanded by 6.3 percent.
     In the first quarter, Peru's Gross Domestic Product grew by 2.1 percent from the previous quarter for annual growth of 4.8 percent, down from 5.9 percent in the fourth quarter.
    "Current and advanced indicators of activity show that the growth of the Peruvian economy is
close to its long-term sustainable level of growth, even though the indicators associated with
the external market still show a weak performance that affects the prices and volumes of
export products," the central bank said.
    Inflation in Peru rose to 2.77 percent in June from 2.47 percent in May due to higher prices of some foods and fuels.
    The central bank, which targets inflation of 1.0 to 2.0 percent, said it expects headline inflation to converge to the center of its target range in the next months due to better food supply, economic growth close to the economy's potential and to inflation expectations that are anchored to the bank's target range.

Peru holds rate, makes reserve requirements more flexible - Central Bank News

for more details log on to Central Bank of Peru website : http://www.bcrp.gob.pe/home.html 

Georgia Central Bank cuts rate for fourth time this year to 4.0 pct

 Georgia's central bank cut its refinancing rate by another 25 basis points to 4.0 percent, its fourth rate cut this year, as inflation remains below the bank's 6.0 percent target and is first expected to fall to that level by the end of next year.
    The National Bank of Georgia (NBG) started cutting its rates in July 2011 and has now cut rates by 125 basis points in 2013 after cutting by 150 basis points in 2012.
    In May the NBG reduced its inflation forecast for the next 18 months and said it expected the headline rate to approach its target by the end of 2014, a slightly less optimistic forecast than in March when it said it expected inflation to hit the target in the second half of next year.
    Georgia's bout with deflation continued in May, with consumer prices falling by 0.11 percent. In the last 16 months, Georgia has only seen prices rise during two months.
    In the first quarter of this year, Georgia's Gross Domestic Product rose by an annual 1.9 percent, up from 2.5 percent in the fourth quarter.

Georgia cuts rate for fourth time this year to 4.0 pct - Central Bank News

For more details log on to National Bank of Georgia website : http://www.nbg.gov.ge/?lng=eng