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Japan's real wages down for 24th straight month

STORY: Japan's real wages down for 24th straight month SHOOTING TIME: May 4, 2024 DATELINE: May 10, 2024 LENGTH: 00:01:35 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of street views in Tokyo STORYLINE: Japan's average monthly wages in inflation-adjusted terms logged the 24th straight month of decline in March, marking the longest period of continuous wage decline since comparable statistics began in 1991, official data showed on Thursday. Inflation-adjusted real wages, a barometer of consumer purchasing power, fell 2.5 percent from the same month last year, larger than the 1.8 percent fall in February, according to the Ministry of Health, Labor and Welfare. Nominal monthly earnings, including base pay and overtime, rose 0.6 percent from a year ago to reach 301,193 yen (about 1,932.5 U.S. dollars). Regular pay including basic salary in March went up 1.7 percent year on year, while overtime pay, a gauge of business activity, went down 1.5 percent. Special payment including bonuses f

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South Africa's GDP up 0.6 pct in 2023

STORY: South Africa's GDP up 0.6 pct in 2023 SHOOTING TIME: March 5, 2024 DATELINE: March 8, 2024 LENGTH: 00:01:47 LOCATION: JOHANNESBURG, South Africa CATEGORY: ECONOMY SHOTLIST: 1. various of South Africa 2. various of Statistics South Africa STORYLINE: South Africa's economy remained muted, with its real gross domestic product (GDP) growing 0.6 percent in 2023 after expanding 1.9 percent in 2022, official data showed Tuesday. The finance, real estate and business services industry was the main star in 2023, growing 1.8 percent and contributing 0.4 percentage points to GDP growth, according to Statistics South Africa (Stats SA). Personal services, transport, storage and communication, manufacturing, construction, and government services also helped keep the economy in positive territory, according to Stats SA. South Africa's construction sector saw its first positive year since 2016, expanding 0.6 percent, while both the mining and electricity, gas, and water sectors were down for a second ye

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Italy's Q4 2023 GDP records growth: ISTAT

STORY: Italy's Q4 2023 GDP records growth: ISTAT SHOOTING TIME: March 6, 2024 DATELINE: March 7, 2024 LENGTH: 00:00:54 LOCATION: Rome CATEGORY: ECONOMY SHOTLIST: 1. various of street view in Rome STORYLINE: Italy's gross domestic product (GDP) increased by 0.2 percent in the fourth quarter (Q4) of 2023 over the previous quarter, and by 0.6 percent year-on-year, the National Institute of Statistics (ISTAT) said Tuesday. The quarter-on-quarter figure matched ISTAT's preliminary estimate at the end of January, while the year-on-year result was revised up from 0.5 percent. The primary drivers of economic growth are found in the industrial and construction sectors, while the agricultural sector saw a slight contraction, partly due to the impacts of extreme weather that affected Italy for much of last year. The services sector also experienced a slight decline, according to ISTAT. Xinhua News Agency correspondents reporting from Rome. (XHTV)

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SOUTH AFRICA-CAPE TOWN-BUDGET SPEECH-ECONOMY

(240221) -- CAPE TOWN, Feb. 21, 2024 (Xinhua) -- South African Finance Minister Enoch Godongwana delivers the 2024 Budget Speech in Cape Town, South Africa, on Feb. 21, 2024. South Africa's economy is estimated to have grown by 0.6 percent last year and will increase to 1.6 percent over the next three years, Godongwana said here Wednesday. (Photo by Xabiso Mkhabela/Xinhua)

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SOUTH AFRICA-CAPE TOWN-BUDGET SPEECH-ECONOMY

(240221) -- CAPE TOWN, Feb. 21, 2024 (Xinhua) -- South African Finance Minister Enoch Godongwana (Front) delivers the 2024 Budget Speech in Cape Town, South Africa, on Feb. 21, 2024. South Africa's economy is estimated to have grown by 0.6 percent last year and will increase to 1.6 percent over the next three years, Godongwana said here Wednesday. (Photo by Xabiso Mkhabela/Xinhua)

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EU economy enters 2024 on weaker footing than anticipated: forecast

STORY: EU economy enters 2024 on weaker footing than anticipated: forecast SHOOTING TIME: Feb. 15, 2024 DATELINE: Feb. 16, 2024 LENGTH: 00:01:08 LOCATION: Brussels CATEGORY: ECONOMY SHOTLIST: 1. various of the European Commission Berlaymont building 2. various of the press conference STORYLINE: The European Commission's Winter Interim Forecast published on Thursday revised growth in both the European Union (EU) and the euro area down to 0.5 percent in 2023, from 0.6 percent projected in the Autumn Forecast in November. For 2024, the EU's economic growth is projected to reach 0.9 percent, down from the autumn projection of 1.3 percent. The eurozone's growth is revised down to 0.8 percent from the 1.2 percent predicted in autumn. "After a bruising 2023, the European economy has emerged a little weaker than expected, although the rebound should speed up gradually this year and into 2025," said Valdis Dombrovskis, executive vice president of the European Commission for an Economy that Works for People. "T

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Italy's inflation remains low despite lifting of price controls

STORY: Italy's inflation remains low despite lifting of price controls SHOOTING TIME: Feb. 2, 2024 DATELINE: Feb. 3, 2024 LENGTH: 00:00:37 LOCATION: Rome CATEGORY: ECONOMY SHOTLIST: 1. various of markets in Rome 2. various of gas stations in Rome STORYLINE: Italy's annual inflation rate rose to 0.8 percent in January, up from 0.6 percent in December, according to Italy's National Statistics Institute (ISTAT) on Thursday. The relatively low inflation rate in January is significant given that the month is the first since the price controls in Italy's "anti-inflation quarter" expired. The initiative artificially reduced consumer prices on a basket of basic necessities over the final three months of 2023. The government reserved the right to continue the terms of the "anti-inflation quarter" into this year but it chose not to do so. ISTAT said the main factors pushing prices in the country higher in January were transportation-related services which climbed by 4.3 percent compared to 3.7 percent in Dec

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Australian inflation falls to 2-year low

STORY: Australian inflation falls to 2-year low SHOOTING TIME: Feb. 2, 2024 DATELINE: Feb. 2, 2024 LENGTH: 00:01:10 LOCATION: Canberra CATEGORY: ECONOMY SHOTLIST: 1. various of Australians shopping at supermarkets STORYLINE: Australia's rate of inflation fell to its lowest level in over two years at the end of 2023, official figures have revealed. According to data published by the Australian Bureau of Statistics (ABS) this week, the consumer price index (CPI) - Australia's headline measure of inflation - rose by 0.6 percent in the fourth quarter of 2023 spanning from the start of October to the end of December - half the 1.2 percent rise in the previous three-month period. It marks the lowest quarterly CPI rise since the first quarter of 2021. In the 12 months to the end of December, the CPI rose by 4.1 percent, the ABS said, down from a peak annual rise of 7.8 percent in the year to December 2022. The Australian Broadcasting Corporation (ABC) reported on Thursday that economists had forec

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OECD urges reforms in Italian economy report

STORY: OECD urges reforms in Italian economy report SHOOTING TIME: Jan. 22, 2024 DATELINE: Jan. 23, 2024 LENGTH: 00:00:50 LOCATION: Rome CATEGORY: ECONOMY SHOTLIST: 1. various of screenshots of the report 2. various of street views in Rome STORYLINE: The Organization for Economic Cooperation and Development (OECD) on Monday released a report on Italian economy, suggesting an array of reforms that it said would help the country avoid an economic slowdown. The Italian government's statistics entity has estimated that the country's economy grew 0.7 percent in 2023, slightly better than the EU estimate of 0.6 percent for the eurozone. In its report, the OECD said Italy was at risk of slower growth if it did not make certain reforms, including scaling back pensions for the wealthiest residents. "Reducing the generosity of pensions for high-income households could limit the increase in spending (on pensions), while maintaining adequate public services and social protections," the report said. The

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Italy's economic growth to slow to 0.7 pct in 2024: OECD

STORY: Italy's economic growth to slow to 0.7 pct in 2024: OECD SHOOTING TIME: Nov. 29, 2023 DATELINE: Dec. 1, 2023 LENGTH: 00:00:48 LOCATION: Rome CATEGORY: ECONOMY SHOTLIST: 1. various of street views in Rome STORYLINE: The Organization for Economic Cooperation and Development (OECD) forecast Wednesday that Italy's economy will grow by 0.7 percent this year and next, before expanding by 1.2 percent in 2025. OECD's estimate for this year was in line with the prediction of both the Bank of Italy and Italy's National Institute of Statistics (ISTAT). However, in its latest report, the Bank of Italy forecast the economy would grow 0.8 percent next year, and 1 percent in 2025. Meanwhile, ISTAT said a month ago that the economy could see its growth rate slow to 0.6 percent next year. ISTAT data shows Italy's economy has failed to grow in three of the last four economic quarters. According to the most recent data, the third quarter of this year saw flat growth compared to the previous quarter. We

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BELGIUM-BRUSSELS-EU-ECONOMY-GROWTH FORECAST

(231116) -- BRUSSELS, Nov. 16, 2023 (Xinhua) -- This photo taken on Nov. 15, 2023 shows part of the European Commission building in Brussels, Belgium. The European Union (EU) economy lost momentum in 2023, according to the European Commission's Autumn Economic Forecast published here on Wednesday. The Commission has downgraded its forecast for economic growth in both the EU and the eurozone this year to 0.6 percent from the previously projected 0.8 percent. (Xinhua/Zhao Dingzhe)

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BELGIUM-BRUSSELS-EU-ECONOMY-GROWTH FORECAST

(231116) -- BRUSSELS, Nov. 16, 2023 (Xinhua) -- This photo taken on Nov. 15, 2023 shows part of the European Commission building in Brussels, Belgium. The European Union (EU) economy lost momentum in 2023, according to the European Commission's Autumn Economic Forecast published here on Wednesday. The Commission has downgraded its forecast for economic growth in both the EU and the eurozone this year to 0.6 percent from the previously projected 0.8 percent. (Xinhua/Zhao Dingzhe)

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BELGIUM-BRUSSELS-EU-ECONOMY-GROWTH FORECAST

(231116) -- BRUSSELS, Nov. 16, 2023 (Xinhua) -- An office of a financial institution is pictured on a street in Brussels, Belgium, on Nov. 15, 2023. The European Union (EU) economy lost momentum in 2023, according to the European Commission's Autumn Economic Forecast published here on Wednesday. The Commission has downgraded its forecast for economic growth in both the EU and the eurozone this year to 0.6 percent from the previously projected 0.8 percent. (Xinhua/Zhao Dingzhe)

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BELGIUM-BRUSSELS-EU-ECONOMY-GROWTH FORECAST

(231116) -- BRUSSELS, Nov. 16, 2023 (Xinhua) -- This photo taken on Nov. 15, 2023 shows the European Commission building in Brussels, Belgium. The European Union (EU) economy lost momentum in 2023, according to the European Commission's Autumn Economic Forecast published here on Wednesday. The Commission has downgraded its forecast for economic growth in both the EU and the eurozone this year to 0.6 percent from the previously projected 0.8 percent. (Xinhua/Zhao Dingzhe)

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BELGIUM-BRUSSELS-EU-ECONOMY-GROWTH FORECAST

(231116) -- BRUSSELS, Nov. 16, 2023 (Xinhua) -- A customer shops at a supermarket in Brussels, Belgium, Nov. 15, 2023. The European Union (EU) economy lost momentum in 2023, according to the European Commission's Autumn Economic Forecast published here on Wednesday. The Commission has downgraded its forecast for economic growth in both the EU and the eurozone this year to 0.6 percent from the previously projected 0.8 percent. (Xinhua/Zhao Dingzhe)

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U.S. retail sales rise 0.7 pct in Sept.

STORY: U.S. retail sales rise 0.7 pct in Sept. DATELINE: Oct. 18, 2023 LENGTH: 00:01:30 LOCATION: Washington D.C. CATEGORY: ECONOMY SHOTLIST: 1. various of convenience stores and a food truck in Arlington, the U.S. state of Virginia STORYLINE: U.S. retail sales rose by 0.7 percent in September from the previous month, according to data released by the U.S. Commerce Department on Tuesday. 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 704.9 billion U.S. dollars, up 3.8 percent year over year. Total sales for the July through September period were up 3.1 percent from the same period a year ago. The July to August percent change was revised from up 0.6 percent to up 0.8 percent. Retail trade sales were up 0.7 percent from August 2023, and up 3.0 percent above last year. Nonstore retailers were up 8.4 percent from last year, while food services and drinking places were up 9.2 per

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U.S. CPI rises 3.7 pct in September with core CPI accelerating

STORY: U.S. CPI rises 3.7 pct in September with core CPI accelerating DATELINE: Oct. 13, 2023 LENGTH: 00:01:38 LOCATION: Washington D.C. CATEGORY: ECONOMY SHOTLIST: 1. various of exterior of U.S. Department of Labor 2. various of Arlington, the U.S. state of Virginia 3. various of San Francisco, the U.S. state of California STORYLINE: The U.S. Labor Department reported Thursday that the country's consumer inflation in September rose 3.7 percent from a year ago, while core inflation, excluding food and energy, increased 4.1 percent. The Consumer Price Index (CPI) ticked up 0.4 percent in September on a seasonally adjusted basis after increasing 0.6 percent in August, according to the department's Bureau of Labor Statistics. The index for shelter was the largest contributor to the monthly all items increase, accounting for over half of the increase, the report noted. An increase in the gasoline index was also a major contributor to the all items monthly rise. The latest inflation report showed th

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U.S.-CPI-AUGUST

(230914) -- FOSTER CITY, Sept. 14, 2023 (Xinhua) -- Customers shop at a supermarket in Foster City, California, the United States, Sept. 13, 2023. The U.S. Department of Labor reported Wednesday that U.S. consumer price index (CPI), a key gauge of inflation, rose 0.6 percent in August, its biggest monthly gain in 2023; and 3.7 percent from a year ago. (Photo by Li Jianguo/Xinhua)

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U.S.-CPI-AUGUST

(230914) -- FOSTER CITY, Sept. 14, 2023 (Xinhua) -- Customers shop at a supermarket in Foster City, California, the United States, Sept. 13, 2023. The U.S. Department of Labor reported Wednesday that U.S. consumer price index (CPI), a key gauge of inflation, rose 0.6 percent in August, its biggest monthly gain in 2023; and 3.7 percent from a year ago. (Photo by Li Jianguo/Xinhua)

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U.S.-CPI-AUGUST

(230914) -- FOSTER CITY, Sept. 14, 2023 (Xinhua) -- Customers shop at a supermarket in Foster City, California, the United States, Sept. 13, 2023. The U.S. Department of Labor reported Wednesday that U.S. consumer price index (CPI), a key gauge of inflation, rose 0.6 percent in August, its biggest monthly gain in 2023; and 3.7 percent from a year ago. (Photo by Li Jianguo/Xinhua)

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U.S.-CPI-AUGUST

(230914) -- FOSTER CITY, Sept. 14, 2023 (Xinhua) -- Customers shop at a supermarket in Foster City, California, the United States, Sept. 13, 2023. The U.S. Department of Labor reported Wednesday that U.S. consumer price index (CPI), a key gauge of inflation, rose 0.6 percent in August, its biggest monthly gain in 2023; and 3.7 percent from a year ago. (Photo by Li Jianguo/Xinhua)

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U.S.-CPI-AUGUST

(230914) -- FOSTER CITY, Sept. 14, 2023 (Xinhua) -- Customers shop at a supermarket in Foster City, California, the United States, Sept. 13, 2023. The U.S. Department of Labor reported Wednesday that U.S. consumer price index (CPI), a key gauge of inflation, rose 0.6 percent in August, its biggest monthly gain in 2023; and 3.7 percent from a year ago. (Photo by Li Jianguo/Xinhua)

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Egypt revises budget deficit estimate to 6.9 pct of GDP

STORY: Egypt revises budget deficit estimate to 6.9 pct of GDP DATELINE: May 10, 2023 LENGTH: 00:00:46 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of Egypt's Parliament 2. various of the Egyptian Finance Minister Mohamed Maait speaking STORYLINE: Egypt's Finance Minister Mohamed Maait announced on Tuesday before the House of Representatives that the government has revised its budget deficit estimate for the 2023-2024 fiscal year to 6.9 percent of the gross domestic product (GDP), 0.6 percent higher than the previous forecast. According to Egypt's state-run Al-Ahram newspaper, Maait attributed this revision to interest rate hikes in Egypt and global markets, as well as increased spending on social protection and the rising cost of basic commodities. Both the World Bank and the IMF have adjusted their growth forecasts for Egypt. The World Bank now predicts a real GDP growth rate of 4 percent for both 2023 and 2024, down from its previous projection of 4.5 percent in December 2022. Similarly,

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Japan's industrial output rises 0.8 pct in March

STORY: Japan's industrial output rises 0.8 pct in March DATELINE: April 28, 2023 LENGTH: 00:00:42 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of ports and industrial manufacturing in Japan STORYLINE: Japan's industrial output rose from a month earlier in March, marking the second straight month of increase, the Ministry of Economy, Trade and Industry said in a report on Friday. According to the ministry, industrial output in March rose 0.8 percent from the previous month, with the seasonally adjusted index of output at factories and mines standing at 95.7 against the base of 100 for 2015. The figure for March follows an upwardly revised 4.6 percent increase logged in February, the ministry's data showed. The ministry's data set also showed the index of industrial shipments were up 0.4 percent to 93.1, while inventories gained 0.6 percent to 104.1 in the recording period. Industrial output fell 0.2 percent from the previous year in fiscal 2022 ended March, the ministry also said. The minis

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New Zealand GDP down 0.6 pct in Q4

STORY: New Zealand GDP down 0.6 pct in Q4 DATELINE: March 17, 2023 LENGTH: 00:02:05 LOCATION: Wellington CATEGORY: ECONOMY SHOTLIST: 1. various of traffic, office buildings, companies, manufacturing and products in market in New Zealand STORYLINE: New Zealand's gross domestic product (GDP) fell 0.6 percent in the December 2022 quarter, following a 1.7 percent rise in the previous quarter, according to quarterly figures released by the statistics department Stats NZ on Thursday. Nine of 16 industries experienced a decrease in activity compared with the September 2022 quarter, Stats NZ said. Manufacturing was the biggest driver of the decrease, down 1.9 percent, it said. "A fall in transport equipment, machinery, and equipment manufacturing corresponded to lower investment in plant, machinery and equipment, while reduced output in food, beverage and tobacco manufacturing was reflected in a drop in dairy and meat exports," Stats NZ national accounts industry and production senior manager Ruvani Ratnayak

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Japan's GDP growth downgraded to annualized real 0.1 pct in Q4 2022

STORY: Japan's GDP growth downgraded to annualized real 0.1 pct in Q4 2022 DATELINE: March 10, 2023 LENGTH: 00:01:01 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of Japanese economy STORYLINE: Japan's economic growth in the October to December quarter was downgraded, owing to private consumption increasing less than previously thought, the government said in a report on Thursday. According to the Cabinet Office, the country's economic expansion was downwardly revised from 0.6 percent to an annualized real 0.1 percent. On an inflation-adjusted basis, real gross domestic product (GDP) on a quarterly basis was revised down from 0.2 percent to 0.02 percent, the government also said. Private consumption, which accounts for roughly half of Japan's GDP, slowed from 0.5 percent in the government's preliminary report, to 0.3 percent. This has been due to soaring inflation resulting in rising price points in shops and supermarkets, as well as energy bills, with the yen's weakness further inflating pric

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Malaysia's IPI up 3 pct in December

STORY: Malaysia's IPI up 3 pct in December DATELINE: Feb. 8, 2023 LENGTH: 00:02:15 LOCATION: Kuala Lumpur CATEGORY: ECONOMY SHOTLIST: 1. various of Malaysia's national flag and Kuala Lumpur street views 2. various of traffic 3. various of trucks on road 4. various of container vessels at Northport of Port Klang, Selangor STORYLINE: Malaysia's industrial production index (IPI) rose 3 percent in December 2022, spearheaded by expansion in manufacturing and mining sectors, official data showed Tuesday. The mining index and manufacturing index grew 4.1 percent and 3 percent, respectively in December 2022, the Department of Statistics Malaysia said in a statement. The electricity index, however, turned downward to negative 1.1 percent during the month. In terms of month-on-month comparison, the IPI weakened by 0.6 percent as against the expansion of 0.9 percent registered in the previous month. Overall, for the final quarter of 2022, the IPI grew at a slower rate of 4.1 percent as compared to 12.2

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Spain's hotel occupancy rates to exceed pre-pandemic level: report

STORY: Spain's hotel occupancy rates to exceed pre-pandemic level: report DATELINE: Jan. 3, 2023 LENGTH: 0:01:11 LOCATION: BARCELONA, Spain CATEGORY: ECONOMY SHOTLIST: 1. various of hotels in Spain 2. SOUNDBITE (Spanish): JORGE MARICHAL, President of CEHAT 3. various of hotels in Spain STORYLINE: According to a report released by the Spanish Confederation of Hotels and Tourist Accommodation (CEHAT) in December, Spain's hotel occupancy rates from December 2022 to the end of February 2023 are expected to be at least 0.6 percent higher than that in the winter season of 2019, before the COVID-19 pandemic began. The survey, carried out by PricewaterhouseCoopers (PwC) for CEHAT, focused on international tourists' intention to travel to Spain. SOUNDBITE (Spanish): JORGE MARICHAL, President of CEHAT "International tourists continue to look to Spain and when they go on holiday abroad, one of the countries they have in mind is Spain, and that means hotel occupancy and revenue will be high this winter." The SiteMi

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BOJ cuts growth forecast for FY 2011

TOKYO, Japan - Bank of Japan Governor Masaaki Shirakawa attends a press conference at the central bank's headquarters in Tokyo on April 28, 2011. The BOJ downgraded its economic growth forecast for fiscal 2011 to 0.6 percent from an earlier projected 1.6 percent as the country has been seriously damaged by the March 11 earthquake and tsunami.

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China's retail sales up 0.6 pct in first 10 months

STORY: China's retail sales up 0.6 pct in first 10 months DATELINE: Nov. 15, 2022 LENGTH: 0:00:41 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. various of press conference 2. SOUNDBITE (Chinese): FU LINGHUI, NBS spokesperson STORYLINE: China's retail sales of consumer goods went up 0.6 percent year on year in the first 10 months, data from the National Bureau of Statistics (NBS) showed Tuesday. In the first 10 months, China's total retail sales of consumer goods stood at about 36.05 trillion yuan (about 5.11 trillion U.S. dollars), according to the NBS. Online consumption continued to shore up retail sales. In the first 10 months, online sales of physical goods climbed 7.2 percent year on year, up 1.1 percentage points from that in the January-September period. Retail sales in the rural area climbed up 0.8 percent year on year during the period, outpacing that of the urban area which registered a 0.5 percent year-on-year increase, NBS data showed. SOUNDBITE (Chinese): FU LINGHUI, NBS spokesperson "F

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Malaysia's 3rd quarter unemployment rate falls to 3.7 pct

STORY: Malaysia's 3rd quarter unemployment rate falls to 3.7 pct DATELINE: Nov. 9, 2022 LENGTH: 0:01:10 LOCATION: Kuala Lumpur CATEGORY: ECONOMY SHOTLIST: 1. various of street views in Malaysia STORYLINE: Malaysia's unemployment rate in the third quarter fell to 3.7 percent from 3.9 percent in the second quarter, official data showed Tuesday. The number of unemployed persons declined 4.7 percent to 611,800 persons from 642,000 persons in the second quarter, the Department of Statistics Malaysia said in a statement. In terms of employment, employed persons rose 0.8 percent to 15.83 million persons in the third quarter, from 15.7 million persons in the second quarter. The labor force continued to expand in the third quarter, rising 0.6 percent to 16.44 million persons from 16.34 million persons in the preceding quarter. Subsequently, the labor force participation rate increased by 0.2 percentage points to 69.4 percent. Xinhua News Agency correspondents reporting from Kuala Lumpur. (XHTV)

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GERMANY-BERLIN-INDUSTRIAL PRODUCTION-RISE

(221107) -- BERLIN, Nov. 7, 2022 (Xinhua) -- Photo taken on Nov. 7, 2022 shows tower cranes at a construction site in Berlin, Germany. Despite soaring energy prices and ongoing supply chain issues, industrial production in Germany in September increased by 0.6 percent month-on-month, the Federal Statistical Office (Destatis) said on Monday. (Xinhua/Ren Pengfei)

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GERMANY-BERLIN-INDUSTRIAL PRODUCTION-RISE

(221107) -- BERLIN, Nov. 7, 2022 (Xinhua) -- Photo taken on Nov. 7, 2022 shows a plant in Berlin, Germany. Despite soaring energy prices and ongoing supply chain issues, industrial production in Germany in September increased by 0.6 percent month-on-month, the Federal Statistical Office (Destatis) said on Monday. (Xinhua/Ren Pengfei)

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GERMANY-BERLIN-INDUSTRIAL PRODUCTION-RISE

(221107) -- BERLIN, Nov. 7, 2022 (Xinhua) -- A train passes a plant in Berlin, Germany, on Nov. 7, 2022. Despite soaring energy prices and ongoing supply chain issues, industrial production in Germany in September increased by 0.6 percent month-on-month, the Federal Statistical Office (Destatis) said on Monday. (Xinhua/Ren Pengfei)

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GERMANY-BERLIN-INDUSTRIAL PRODUCTION-RISE

(221107) -- BERLIN, Nov. 7, 2022 (Xinhua) -- Photo taken on Nov. 6, 2022 shows tower cranes at a construction site in Berlin, Germany. Despite soaring energy prices and ongoing supply chain issues, industrial production in Germany in September increased by 0.6 percent month-on-month, the Federal Statistical Office (Destatis) said on Monday. (Xinhua/Ren Pengfei)

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S. Korea's real GDP grows 0.3 pct in Q3 on quarter

STORY: S. Korea's real GDP grows 0.3 pct in Q3 on quarter DATELINE: Oct. 27, 2022 LENGTH: 00:01:32 LOCATION: Seoul CATEGORY: ECONOMY SHOTLIST: 1. various of the Bank of Korea 2. various of the container port 3. various of manufacturing 4. various of the container port STORYLINE: South Korea's real gross domestic product (GDP), adjusted for inflation, grew 0.3 percent in the July-September quarter compared to the previous quarter, Bank of Korea (BOK) data showed on Thursday. The real GDP kept rising for the ninth successive quarter since the third quarter of 2020, but it was down from the quarter-over-quarter increase of 0.6 percent in the first quarter and 0.7 percent in the second quarter. Private consumption and facility investment contributed to the GDP expansion, but the faltering export led to lower economic growth. Net export dragged down the GDP growth by 1.8 percentage points in the third quarter, while private consumption and facility investment lifted the growth rate by 0.9 percentage points a

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IMF cuts India's growth projection to 6.8 pct this year

STORY: IMF cuts India's growth projection to 6.8 pct this year DATELINE: Oct. 12, 2022 LENGTH: 00:01:38 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of government buildings 2. various of market areas 3. various of Reserve Bank of India 4. various of containers STORYLINE: The International Monetary Fund (IMF) on Tuesday cut its projection of India's economic growth in 2022 to 6.8 percent. This was the second time that the IMF lowered India's growth forecast this year. In July, the IMF projected a gross domestic product (GDP) growth of 7.4 percent for India in the fiscal year beginning April 2022. The forecast was lower than 8.2 percent projected in January this year. India grew by 8.7 percent in the 2021-22 fiscal year (April 2021 to March 2022). In its annual World Economic Outlook report released on Tuesday, the IMF said that the outlook for India is a growth of 6.8 percent in 2022, a 0.6 percentage point slide from the July forecast, reflecting a weaker-than-expected outturn

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50 yrs after Okinawa's return to Japan -- discrimination persists, economic development hampered

STORY: 50 yrs after Okinawa's return to Japan -- discrimination persists, economic development hampered DATELINE: May 16, 2022 LENGTH: 00:01:21 LOCATION: Tokyo CATEGORY: POLITICS/SOCIETY SHOTLIST: 1. various of protests in Okinawa 2. various of the U.S. military bases in Japan STORYLINE: Japan's southernmost prefecture of Okinawa on Sunday marked the 50th anniversary of its reversion to Japan from the control of the United States. Ceremonies were held by the government to mark the anniversary, while a large number of residents gathered outside the venue demanding the reduction of the U.S. base-hosting burdens and even a total withdrawal of the U.S. forces. Half a century later, Okinawans still face deep-rooted discrimination and injustice in Japan. The U.S. military bases on the island are also a nightmare for them, imposing an extra burden on the prefecture. Okinawa accounts for only 0.6 percent of Japan's territory, but is home to about 70 percent of U.S. military bases in Japan. From 1972 to 2019, U.

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Japan land prices rebound after marking 1st fall in 6 yrs

The average price of land in Japan rebounded on the back of solid housing demand after falling for the first time in six years the previous year due to the impact of the coronavirus pandemic, the government said Tuesday. Land in all categories nationwide, including that for residential and commercial use, rose 0.6 percent from a year earlier as of Jan. 1, according to the Ministry of Land, Infrastructure, Transport and Tourism. The ministry said a recovery trend has been observed, driven by housing demand in urban areas and vicinities, as the influence of the pandemic is waning.

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Fitch slashes India's 2022-23 growth estimate to 8.5 pct

STORY: Fitch slashes India's 2022-23 growth estimate to 8.5 pct DATELINE: March 23, 2022 LENGTH: 0:01:46 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of the streets in New Delhi STORYLINE: Fitch Ratings on Tuesday slashed India's growth forecast for the next fiscal to 8.5 percent from an estimate of 10.3 percent last December. The global rating agency has revised the gross domestic product growth forecast upwards for the current fiscal by 0.6 percentage points to 8.7 percent. "However, we have lowered our growth forecast for FY 2022-2023 to 8.5 percent (-1.8 pp) on sharply higher energy prices," Fitch said while revising up its inflation forecasts. Fitch sees inflation in the country could peak up to 7 percent in the third quarter this year, well above the Reserve Bank of India's upper tolerance limit of 6 percent. In its Global Economic Outlook-March 2022, Fitch said the post-COVID-19 pandemic recovery is being hit by a potentially huge global supply shock that will reduce growth an

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U.S.-CPI-INFLATION

(220211) -- NEW YORK, Feb. 11, 2022 (Xinhua) -- A pedestrian passes by promotion advertisement in a grocery store window in the Brooklyn borough of New York, the United States, Feb. 10, 2022. U.S. consumer prices in January continued to rise at the fastest annual pace in almost 40 years, the U.S. Labor Department reported on Thursday, raising the prospect of a tighter monetary policy by the Federal Reserve. The consumer price index (CPI) last month rose 0.6 percent from the previous month and 7.5 percent from a year earlier, the largest 12-month increase since June 1982, according to the department's Bureau of Labor Statistics. (Photo by Michael Nagle/Xinhua)

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U.S.-CPI-INFLATION

(220211) -- NEW YORK, Feb. 11, 2022 (Xinhua) -- Gas prices are displayed at a Mobil gas station in the Brooklyn borough of New York, the United States, Feb. 10, 2022. U.S. consumer prices in January continued to rise at the fastest annual pace in almost 40 years, the U.S. Labor Department reported on Thursday, raising the prospect of a tighter monetary policy by the Federal Reserve. The consumer price index (CPI) last month rose 0.6 percent from the previous month and 7.5 percent from a year earlier, the largest 12-month increase since June 1982, according to the department's Bureau of Labor Statistics. (Photo by Michael Nagle/Xinhua)

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U.S.-CPI-INFLATION

(220211) -- NEW YORK, Feb. 11, 2022 (Xinhua) -- A pedestrian passes by promotion advertisement in a grocery store window in the Brooklyn borough of New York, the United States, Feb. 10, 2022. U.S. consumer prices in January continued to rise at the fastest annual pace in almost 40 years, the U.S. Labor Department reported on Thursday, raising the prospect of a tighter monetary policy by the Federal Reserve. The consumer price index (CPI) last month rose 0.6 percent from the previous month and 7.5 percent from a year earlier, the largest 12-month increase since June 1982, according to the department's Bureau of Labor Statistics. (Photo by Michael Nagle/Xinhua)

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U.S.-CPI-INFLATION

(220211) -- NEW YORK, Feb. 11, 2022 (Xinhua) -- Customers shop at a store in the Brooklyn borough of New York, the United States, Feb. 10, 2022. U.S. consumer prices in January continued to rise at the fastest annual pace in almost 40 years, the U.S. Labor Department reported on Thursday, raising the prospect of a tighter monetary policy by the Federal Reserve. The consumer price index (CPI) last month rose 0.6 percent from the previous month and 7.5 percent from a year earlier, the largest 12-month increase since June 1982, according to the department's Bureau of Labor Statistics. (Photo by Michael Nagle/Xinhua)

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U.S.-CPI-INFLATION

(220211) -- NEW YORK, Feb. 11, 2022 (Xinhua) -- Gas prices are displayed at a Mobil gas station in the Brooklyn borough of New York, the United States, Feb. 10, 2022. U.S. consumer prices in January continued to rise at the fastest annual pace in almost 40 years, the U.S. Labor Department reported on Thursday, raising the prospect of a tighter monetary policy by the Federal Reserve. The consumer price index (CPI) last month rose 0.6 percent from the previous month and 7.5 percent from a year earlier, the largest 12-month increase since June 1982, according to the department's Bureau of Labor Statistics. (Photo by Michael Nagle/Xinhua)

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Land prices continue to fall in Japan amid pandemic

The average price of land in Japan as of July 1 fell 0.4 percent from the previous year for the second consecutive year of declines amid the prolonged coronavirus pandemic, government data showed Tuesday. But the margin of decline narrowed from 0.6 percent last year, with demand for residential land slightly improving.

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BOJ cuts growth forecast for FY 2011

TOKYO, Japan - Bank of Japan Governor Masaaki Shirakawa attends a press conference at the central bank's headquarters in Tokyo on April 28, 2011. The BOJ downgraded its economic growth forecast for fiscal 2011 to 0.6 percent from an earlier projected 1.6 percent as the country has been seriously damaged by the March 11 earthquake and tsunami. (Kyodo)

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Bohdan Wojnar

Bohdan Wojnar, head of the Automotive Industry Association (AutoSAP), speaks during a press conference in Prague, Czech Republic, on June 27, 2019. Czech car makers and car parts suppliers generated record Kc1,102bn sales in 2018, up by 0.8 percent year on year, with revenues of final producers growing by 0.6 percent to Kc617.5bn, the Association said at the press conference. (CTK Photo/Ondrej Deml)

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Zdenek Petzl

Zdenek Petzl, Executive Director of the Automotive Industry Association (AutoSAP), speaks during a press conference in Prague, Czech Republic, on June 27, 2019. Czech car makers and car parts suppliers generated record Kc1,102bn sales in 2018, up by 0.8 percent year on year, with revenues of final producers growing by 0.6 percent to Kc617.5bn, the Association said at the press conference. (CTK Photo/Ondrej Deml)

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Miroslav Dvorak

Miroslav Dvorak, Vice President of the Automotive Industry Association (AutoSAP), speaks during a press conference in Prague, Czech Republic, on June 27, 2019. Czech car makers and car parts suppliers generated record Kc1,102bn sales in 2018, up by 0.8 percent year on year, with revenues of final producers growing by 0.6 percent to Kc617.5bn, the Association said at the press conference. (CTK Photo/Ondrej Deml)