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    by Published on October 22nd, 2014 07:14 PM
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    The Governor invited the Committee to vote on the propositions that:

    • Bank Rate should be maintained at 0.5%;
    • The Bank of England should maintain the stock of purchased assets financed by the issuance of central bank reserves at £375 billion.


    Regarding Bank Rate, seven members of the Committee ...
    by Published on October 22nd, 2014 02:01 PM

    ABS CPI September quarter 2014 rises 0.5%

    The Consumer Price Index (CPI) rose 0.5% in the September quarter 2014, following a rise of 0.5% in the June quarter 2014.

    The most significant price rises this quarter were for fruit (+14.7%), new dwelling purchase by owner-occupiers (+1.1%), property rates and charges (+6.3%) and other services in ...
    by Published on October 22nd, 2014 01:21 PM

    Preliminary Accounting Results of GDP for the First Three Quarters of 2014

    According to the relevant basic information and national accounting methods, the preliminary accounting results of GDP for the first three quarters of 2014 are as follows:




    Quarterly GDP Accounting Instructions

    1. Overview on Quarterly GDP Accounting

    1.1 Basic Concepts

    Gross Domestic Product (GDP) refers to the final products at market prices produced by all resident units in a country (or a region) during a certain period of time. GDP is the core indicator of the national accounts, and also an important indicator to measure the economic conditions and the level of development of a country or region.

    In the practice of national accounting, gross domestic product is calculated from three approaches, namely production approach, income approach and expenditure approach, which reflect gross domestic product and its composition from different angles. GDP by production approach refers to the method from the point of view of production of measuring resident units create new value for a new accounting period, i.e. production from various sectors of the national economy during the accounting period, the total value of the product, minus ...
    by Published on October 17th, 2014 08:59 PM
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    The Consumer Price Index (CPI) rose 2.0% in the 12 months to September, after increasing 2.1% in August.


    Chart description: The 12-month change in the Consumer Price Index
    CSV version of chart 1

    12-month change in the major components

    Prices increased in all major components in the 12 months to September. Higher prices for shelter and food contributed the most to the rise in the CPI, while the transportation index posted the smallest increase.



    Chart description: Prices increase in all major components
    CSV version of chart 2

    Shelter costs rose 2.7% in ...
    by Published on October 16th, 2014 08:55 PM
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    ADVANCE MONTHLY SALES FOR RETAIL AND FOOD SERVICES SEPTEMBER 2014

    The U.S. Census Bureau announced today that advance estimates of U.S. retail and food services sales for September, adjusted for seasonal variation and holiday and trading - day differences, but not for price changes, were $442.7 billion, a decrease of 0.3 percent(±0.5%)* from the previous month, but 4.3 percent (±0.9%) above ...
    by Published on October 16th, 2014 08:32 PM

    Introductory speech by Mario Draghi, President of the ECB,
    Seventh ECB Statistics Conference “Towards the banking Union. Opportunities and challenges for statistics”,
    Frankfurt am Main, 15 October 2014

    Ladies and Gentlemen,


    It is a great pleasure to welcome you to the 7th biennial ECB’s Statistics Conference.


    At the previous Statistics Conference, in April 2012, the focus was on the then remarkable expansion of the ECB’s functions and their impact on ECB statistics. In addition to its primary function of maintaining ...
    by Published on October 15th, 2014 08:04 PM
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    In September 2014, Producer Price Index (PPI) for manufactured goods decreased 1.8 percent year-on-year, and decreased 0.4 percent month-on-month. The purchasing price index for manufactured goods went down by 1.9 percent year-on-year, and decreased 0.4 percent month-on-month. 1 On average from January to September, the PPI decreased 1.6 percent year-on-year, the purchasing price index for manufactured goods went down by 1.8 percent year-on-year.





    1. Year-on-Year Changes of Prices ...
    by Published on October 15th, 2014 07:55 PM
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    In September, the consumer price index (CPI) went up by 1.6 percent year-on-year. The prices grew by 1.7 percent in cities and 1.4 percent in rural areas. The food prices went up by 2.3 percent, while the non-food prices increased 1.3 percent. The prices of consumer goods went up by 1.4 percent and the prices of services grew by 2.3 percent. On average from January to September, the overall consumer prices were up by 2.1 percent over the same period of the previous year.

    In September, the month-on-month change of consumer prices was up by 0.5 percent, of which, prices ...

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