NIESR’s gross domestic product declined to 0.6% for the fourth quarter

Market news

9 January 2015

NIESR’s gross domestic product declined to 0.6% for the fourth quarter

The National Institute of Economic and Social Research (NIESR) released its estimate of gross domestic product (GDP) for the U.K. on Friday. The GDP estimate declined to 0.6% for the fourth quarter from 0.7% in the third quarter.

According to NIESR, the economy grew at 2.6% in 2014, up from 1.7% in 2013. That was the best reading since the financial crisis.

Housing starts in Canada increased to a seasonally adjusted annualized rate of 180,600 units in December

Wholesale inventories in the U.S. surged 0.8% in November

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