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Economic Reports GDP

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  • Georgia's economy slows in H1 from last year Friday, 31 Jul 2015 | 10:29 AM ET

    TBILISI, July 31- Georgia's economic growth slowed to 2.6 percent in the first half of this year compared with 6 percent in the same period last year, the National Statistics service said on Friday. Gross domestic product grew 4.7 percent last year, missing the government's initial forecast of 6 percent. Georgia, which is traversed by pipelines carrying Caspian...

  • OTTAWA, July 31- The Canadian economy shrank for the fifth consecutive month in May, by 0.2 percent from April, strengthening the probability that the country was in recession in the first half of the year, according to Statistics Canada data released on Friday. Economists had said that even if there had been no change in gross domestic product for May, which is what...

  • *Greenback seen supported after US GDP backs rate rise view. *Dollar index takes breather after setting 1- week high. SINGAPORE/ TOKYO, July 31- The dollar backed off from a one-week high against a basket of currencies on Friday, but was still seen on firm footing after U.S.

  • TAIPEI, July 31- Taiwan's economic growth slowed more sharply than expected to a three-year low in the second quarter, hurt by a collapse in exports as a slowdown in major market China chilled demand for its line of key technology products. The growth slump in Taiwan, an important hub in the global supply-chain for tech giants such as Apple Inc. and...

  • US is headed for 'good, solid growth': Expert Thursday, 30 Jul 2015 | 10:14 PM ET
    US is headed for 'good, solid growth': Expert

    Jim Sarni, managing principal at Payden & Rygel, says the second-quarter gross domestic product (GDP) suggests that things are clearly improving in the U.S., paving the way for a Fed rate hike.

  • Taiwan stocks down on poor GDP growth reading Thursday, 30 Jul 2015 | 10:11 PM ET

    TAIPEI, July 31- Taiwan stocks fell on Friday after the government gave a dismal early reading of second-quarter GDP growth, sharply lower than forecast. As of 0151 GMT, the main TAIEX index fell 0.6 percent, to 8,600.38, below other regional bourses, after closing at 8,651.49 in the previous session, up 1 percent. The Taiwan dollar firmed T $0.052 to T $31.549 per U.S....

  • TOKYO, July 31- The dollar held near one-week highs against a basket of major currencies on Friday as investors interpreted latest U.S. The market will continue to search for more hints on whether it will come in September or later, "said Shin Kadota, chief FX strategist at Barclays in Tokyo. U.S. interest rate futures priced in a higher chance of a September rate hike,...

  • Odds of rate hike this year very slim: Gartman Thursday, 30 Jul 2015 | 5:23 PM ET
    Dennis Gartman

    With inflation still under 2 percent and likely to stay that way, the odds of a Fed rate hike this year are very slim, Dennis Gartman said.

  • NEW YORK, July 30- Wall Street ended flat on Thursday as investors digested ho-hum corporate earnings and a report that showed that the economy picked up steam in the second quarter.

  • US growth disappoints Thursday, 30 Jul 2015 | 11:20 AM ET
    US growth disappoints

    Lindsey Piegza, chief economist at Stifel Fixed Income, discusses U.S. GDP growth in the second quarter and when the Federal Reserve will raise interest rates.

  • US STOCKS-Wall St lower amid weak earnings and GDP data Thursday, 30 Jul 2015 | 11:16 AM ET

    *Skechers, Mondelez jump after profits beat expectations. July 30- U.S. stocks fell in late morning trading on Thursday as earnings from Facebook and Procter& Gamble disappointed investors and data showed that the economy expanded at a slower-than-expected pace in the second quarter. Procter& Gamble's 3.7 percent fall dragged down the Dow, after the company...

  • Second-quarter GDP: By the numbers Thursday, 30 Jul 2015 | 10:33 AM ET
    Welders work on a petroleum tanker at the Aker Philadelphia Shipyard in Philadelphia.

    A new look at growth, with CNBC's Steve Liesman. First quarter GDP was revised higher to 0.6 percent.

  • The read on the Fed Thursday, 30 Jul 2015 | 10:07 AM ET
    The read on the Fed

    GDP for the second quarter came in short, but is it good enough for a rate hike? Jeffrey Rosenberg, BlackRock managing director, provides perspective.

  • July 30- U.S. stocks opened lower on Thursday after data showed that the U.S. economy grew at a slower pace than expected in the second quarter.

  • *Second-quarter GDP expands at 2.3 percent rate. WASHINGTON, July 30- U.S. economic growth accelerated in the second quarter as solid consumer spending offset the drag from weak business spending on equipment, suggesting a steady momentum that could bring the Federal Reserve closer to hiking interest rates this year. Gross domestic product expanded at a 2.3...

  • Cramer on 2015's mixed signals Thursday, 30 Jul 2015 | 9:01 AM ET
    Cramer on 2015's mixed signals

    CNBC's Jim Cramer discusses Thursday's GDP data report and how 2015 has looked thus far as we head into the second half of the year.

  • July 30- U.S. stocks were set to open lower on Thursday after data showed that the U.S. economy grew at a slower-than-expected pace in the second quarter even as the Federal Reserve left doors open for a possible rate hike in September. Gross domestic product expanded at a 2.3 percent annual rate, the Commerce Department said, but economists had expected a 2.6...

  • This could tilt rate hike towards September: Economist Thursday, 30 Jul 2015 | 8:37 AM ET
    This could tilt rate hike towards September: Economist

    Mike Feroli, JPMorgan Chase, provides analysis on the latest GDP data and what could trigger the Federal Reserve to raise interest rates next month.

  • WASHINGTON— The U.S. economy posted a solid rebound in the April-June quarter after a harsh winter, led by a surge in consumer spending and a recovery in foreign trade that bode well for the rest of the year. The Commerce Department said Thursday that the gross domestic product, the economy's total output of goods and services, grew at a 2.3 percent annual rate in the...

  • *Second-quarter GDP expands at 2.3 percent rate. WASHINGTON, July 30- U.S. economic growth accelerated in the second quarter as a pick-up in consumer spending offset the drag from soft business spending on equipment, suggesting a steady momentum that could bring the Federal Reserve closer to hiking interest rates this year. Gross domestic product expanded at a...