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China GDP grows real 4.6% in 3rd qtr

A spokesman for China's National Bureau of Statistics attends a press conference in Beijing on Oct. 18, 2024, following the release of the country's gross domestic product data for the July-September quarter. China's economy in the third quarter grew a real 4.6 percent from a year earlier, with the pace of expansion slowing from the previous quarter amid a continued property sector crisis and weak spending.

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China GDP grows real 4.6% in 3rd qtr

A spokesman for China's National Bureau of Statistics attends a press conference in Beijing on Oct. 18, 2024, following the release of the country's gross domestic product data for the July-September quarter. China's economy in the third quarter grew a real 4.6 percent from a year earlier, with the pace of expansion slowing from the previous quarter amid a continued property sector crisis and weak spending.

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India's GDP grows by 8.2 pct

STORY: India's GDP grows by 8.2 pct SHOOTING TIME: June 1, 2024 DATELINE: June 2, 2024 LENGTH: 0:01:32 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India gate 2. various of market area 3. various of fuel station 4. various of the Reserve Bank of India STORYLINE: India's gross domestic product (GDP) growth during the previous financial year from April 2023 to March 2024 recorded a jump of nearly 1.2 percent from a year earlier, according to data released by the federal Ministry of Statistics and Program Implementation on Friday. The country's GDP grew 8.2 percent for the full year, and 7.8 percent during the last quarter (January-March 2024) of the financial year, it said. According to media reports, the GDP growth was better than what most economists had predicted. The Reserve Bank of India had forecasted a 6.9-percent growth in real GDP for the fourth quarter of the financial year 2023-2024, with a full-year projection of 7.6 percent. Xinhua News Agency correspondents reporting from N

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GERMANY-BERLIN-ECONOMY-GDP-Q1-GROWTH

(240524) -- BERLIN, May 24, 2024 (Xinhua) -- A customer shops at a supermarket in Berlin, Germany, on May 24, 2024. Germany saw its economy in the first quarter (Q1) grow slightly by 0.2 percent compared to the previous quarter, according to the Federal Statistical Office (Destatis) on Friday. (Xinhua/Ren Pengfei)

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GERMANY-BERLIN-ECONOMY-GDP-Q1-GROWTH

(240524) -- BERLIN, May 24, 2024 (Xinhua) -- A customer shops at a supermarket in Berlin, Germany, on May 24, 2024. Germany saw its economy in the first quarter (Q1) grow slightly by 0.2 percent compared to the previous quarter, according to the Federal Statistical Office (Destatis) on Friday. (Xinhua/Ren Pengfei)

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GERMANY-BERLIN-ECONOMY-GDP-Q1-GROWTH

(240524) -- BERLIN, May 24, 2024 (Xinhua) -- A customer shops at a supermarket in Berlin, Germany, on May 24, 2024. Germany saw its economy in the first quarter (Q1) grow slightly by 0.2 percent compared to the previous quarter, according to the Federal Statistical Office (Destatis) on Friday. (Xinhua/Ren Pengfei)

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SINGAPORE-ECONOMY-Q1-GROWTH

(240523) -- SINGAPORE, May 23, 2024 (Xinhua) -- This photo taken on May 23, 2024 shows a city view of Singapore. The Singapore economy grew 2.7 percent year-on-year in the first three months of 2024, extending the 2.2 percent expansion in the previous quarter, according to the quarterly economic survey issued by the Ministry of Trade and Industry Thursday. (Photo by Then Chih Wey/Xinhua)

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SINGAPORE-ECONOMY-Q1-GROWTH

(240523) -- SINGAPORE, May 23, 2024 (Xinhua) -- This photo taken on May 23, 2024 shows several skyscrapers in the financial district of Singapore. The Singapore economy grew 2.7 percent year-on-year in the first three months of 2024, extending the 2.2 percent expansion in the previous quarter, according to the quarterly economic survey issued by the Ministry of Trade and Industry Thursday. (Photo by Then Chih Wey/Xinhua)

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SINGAPORE-ECONOMY-Q1-GROWTH

(240523) -- SINGAPORE, May 23, 2024 (Xinhua) -- This photo taken on May 23, 2024 shows the city skyline of Singapore. The Singapore economy grew 2.7 percent year-on-year in the first three months of 2024, extending the 2.2 percent expansion in the previous quarter, according to the quarterly economic survey issued by the Ministry of Trade and Industry Thursday. (Photo by Then Chih Wey/Xinhua)

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Japan's economy contracts annualized 2 pct in January-March

STORY: Japan's economy contracts annualized 2 pct in January-March SHOOTING TIME: April 30 & May 4, 2024 DATELINE: May 16, 2024 LENGTH: 00:02:42 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of street view in Tokyo 2. various of banks in Tokyo STORYLINE: Japan's economy shrank by an annualized 2.0 percent in the January-March period from the prior quarter, marking the first contraction in two quarters amid sluggish consumer spending, the latest GDP figures showed Thursday. Real gross domestic product (GDP) in this year's first quarter, adjusted for inflation, fell 0.5 percent from the previous quarter, according to preliminary data released by the Cabinet Office. Private consumption, which accounts for more than half of Japan's GDP, dropped 0.7 percent. It was the fourth straight quarter of decline, the longest streak since 2009, underscoring sluggish domestic demand. Capital spending fell 0.8 percent, down for the first time in two quarters, as Japanese firms curbed investment in mach

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XINHUA PHOTOS OF THE DAY

(240510) -- BEIJING, May 10, 2024 (Xinhua) -- An aerial drone photo taken on May 9, 2024 shows a freight ship docking the container terminal at Lianyungang Port, east China's Jiangsu Province. China's total goods imports and exports expanded 5.7 percent year on year in yuan terms in the first four months of this year, stronger than the 5 percent recorded in the first quarter, official data showed Thursday. From January to April, the country's foreign trade in goods stood at 13.81 trillion yuan (1.95 trillion U.S. dollars). In April alone, the foreign trade soared 8 percent to 3.64 trillion yuan, after contracting in the previous month, signalling improvements in demand at home and overseas. (Photo by Geng Yuhe/Xinhua)

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#CHINA-ECONOMY-FOREIGN TRADE-INCREASE (CN)

(240509) -- BEIJING, May 9, 2024 (Xinhua) -- This drone photo taken on May 8, 2024 shows a freight ship with vehicles loaded for export leaving Yantai Port, east China's Shandong Province. China's total goods imports and exports expanded 5.7 percent year on year in yuan terms in the first four months of this year, stronger than the 5 percent recorded in the first quarter, official data showed Thursday. From January to April, the country's foreign trade in goods stood at 13.81 trillion yuan (1.95 trillion U.S. dollars). In April alone, the foreign trade soared 8 percent to 3.64 trillion yuan, after contracting in the previous month, signalling improvements in demand at home and overseas. (Photo by Tang Ke/Xinhua)

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#CHINA-ECONOMY-FOREIGN TRADE-INCREASE (CN)

(240509) -- BEIJING, May 9, 2024 (Xinhua) -- Containers are transported at Qingdao Port, east China's Shandong Province, May 9, 2024. China's total goods imports and exports expanded 5.7 percent year on year in yuan terms in the first four months of this year, stronger than the 5 percent recorded in the first quarter, official data showed Thursday. From January to April, the country's foreign trade in goods stood at 13.81 trillion yuan (1.95 trillion U.S. dollars). In April alone, the foreign trade soared 8 percent to 3.64 trillion yuan, after contracting in the previous month, signalling improvements in demand at home and overseas. (Photo by Yu Fangping/Xinhua)

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#CHINA-ECONOMY-FOREIGN TRADE-INCREASE (CN)

(240509) -- BEIJING, May 9, 2024 (Xinhua) -- This aerial drone photo taken on May 9, 2024 shows a freight ship docking the container terminal at Lianyungang Port, east China's Jiangsu Province. China's total goods imports and exports expanded 5.7 percent year on year in yuan terms in the first four months of this year, stronger than the 5 percent recorded in the first quarter, official data showed Thursday. From January to April, the country's foreign trade in goods stood at 13.81 trillion yuan (1.95 trillion U.S. dollars). In April alone, the foreign trade soared 8 percent to 3.64 trillion yuan, after contracting in the previous month, signalling improvements in demand at home and overseas. (Photo by Geng Yuhe/Xinhua)

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#CHINA-ECONOMY-FOREIGN TRADE-INCREASE (CN)

(240509) -- BEIJING, May 9, 2024 (Xinhua) -- This aerial drone photo taken on May 9, 2024 shows containers being transported at the container terminal of Lianyungang Port, east China's Jiangsu Province. China's total goods imports and exports expanded 5.7 percent year on year in yuan terms in the first four months of this year, stronger than the 5 percent recorded in the first quarter, official data showed Thursday. From January to April, the country's foreign trade in goods stood at 13.81 trillion yuan (1.95 trillion U.S. dollars). In April alone, the foreign trade soared 8 percent to 3.64 trillion yuan, after contracting in the previous month, signalling improvements in demand at home and overseas. (Photo by Wang Chun/Xinhua)

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#CHINA-ECONOMY-FOREIGN TRADE-INCREASE (CN)

(240509) -- BEIJING, May 9, 2024 (Xinhua) -- A freight ship enters a container terminal at Qingdao Port, east China's Shandong Province, May 9, 2024. China's total goods imports and exports expanded 5.7 percent year on year in yuan terms in the first four months of this year, stronger than the 5 percent recorded in the first quarter, official data showed Thursday. From January to April, the country's foreign trade in goods stood at 13.81 trillion yuan (1.95 trillion U.S. dollars). In April alone, the foreign trade soared 8 percent to 3.64 trillion yuan, after contracting in the previous month, signalling improvements in demand at home and overseas. (Photo by Yu Fangping/Xinhua)

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#CHINA-ECONOMY-FOREIGN TRADE-INCREASE (CN)

(240509) -- BEIJING, May 9, 2024 (Xinhua) -- This aerial drone photo taken on May 8, 2024 shows vehicles to be loaded for export at Yantai Port, east China's Shandong Province. China's total goods imports and exports expanded 5.7 percent year on year in yuan terms in the first four months of this year, stronger than the 5 percent recorded in the first quarter, official data showed Thursday. From January to April, the country's foreign trade in goods stood at 13.81 trillion yuan (1.95 trillion U.S. dollars). In April alone, the foreign trade soared 8 percent to 3.64 trillion yuan, after contracting in the previous month, signalling improvements in demand at home and overseas. (Photo by Tang Ke/Xinhua)

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#CHINA-ECONOMY-FOREIGN TRADE-INCREASE (CN)

(240509) -- BEIJING, May 9, 2024 (Xinhua) -- This aerial drone photo taken on May 9, 2024 shows containers being transported at the container terminal of Lianyungang Port, east China's Jiangsu Province. China's total goods imports and exports expanded 5.7 percent year on year in yuan terms in the first four months of this year, stronger than the 5 percent recorded in the first quarter, official data showed Thursday. From January to April, the country's foreign trade in goods stood at 13.81 trillion yuan (1.95 trillion U.S. dollars). In April alone, the foreign trade soared 8 percent to 3.64 trillion yuan, after contracting in the previous month, signalling improvements in demand at home and overseas. (Photo by Geng Yuhe/Xinhua)

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#CHINA-ECONOMY-FOREIGN TRADE-INCREASE (CN)

(240509) -- BEIJING, May 9, 2024 (Xinhua) -- This drone photo taken on May 9, 2024 shows containers being transported at the container terminal of Lianyungang Port, east China's Jiangsu Province. China's total goods imports and exports expanded 5.7 percent year on year in yuan terms in the first four months of this year, stronger than the 5 percent recorded in the first quarter, official data showed Thursday. From January to April, the country's foreign trade in goods stood at 13.81 trillion yuan (1.95 trillion U.S. dollars). In April alone, the foreign trade soared 8 percent to 3.64 trillion yuan, after contracting in the previous month, signalling improvements in demand at home and overseas. (Photo by Wang Chun/Xinhua)

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Indonesia's economy grows 5.11 pct in Q1

STORY: Indonesia's economy grows 5.11 pct in Q1 SHOOTING TIME: May 6, 2024 DATELINE: May 7, 2024 LENGTH: 00:01:24 LOCATION: Jakarta CATEGORY: ECONOMY SHOTLIST: 1. various of the press conference 2. various of the financial sector in Indonesia 3. various of a port in Indonesia 4. various of Jakarta STORYLINE: Indonesia's economy grew by 5.11 percent year on year in the first quarter of this year, Statistics Indonesia BPS announced on Monday. The quarterly growth marks the highest for a first quarter since 2015, said acting head of BPS Amalia Widyasanti, adding the Southeast Asian country had recorded a growth of 5.12 percent in the first quarter of 2014. However, "Compared to the previous quarter, economic growth contracted 0.83 percent," said the official at a press conference. The main contributors to the economic growth in the first quarter in terms of production are the processing, trade, construction and mining sectors, according to her. "In the first quarter of 2024, the manufacturing

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Chinese Real Estate Loans

BEIJING, CHINA - MAY 1, 2024 - A building is under construction in the CBD of Beijing, May 1, 2024. On April 30, 2024, data released by the People's Bank of China showed that at the end of the first quarter of 2024, the balance of RMB real estate loans was 53.52 trillion yuan, down 1.1% year-on-year and 0.1 percentage points lower than the growth rate at the end of the previous year; The increase in the first quarter was 609.5 billion yuan, an increase of 1.16 trillion yuan over the fourth quarter of last year.

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Chinese Real Estate Loans

BEIJING, CHINA - MAY 1, 2024 - A building is under construction in the CBD of Beijing, May 1, 2024. On April 30, 2024, data released by the People's Bank of China showed that at the end of the first quarter of 2024, the balance of RMB real estate loans was 53.52 trillion yuan, down 1.1% year-on-year and 0.1 percentage points lower than the growth rate at the end of the previous year; The increase in the first quarter was 609.5 billion yuan, an increase of 1.16 trillion yuan over the fourth quarter of last year.

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Chinese Real Estate Loans

BEIJING, CHINA - MAY 1, 2024 - A building is under construction in the CBD of Beijing, May 1, 2024. On April 30, 2024, data released by the People's Bank of China showed that at the end of the first quarter of 2024, the balance of RMB real estate loans was 53.52 trillion yuan, down 1.1% year-on-year and 0.1 percentage points lower than the growth rate at the end of the previous year; The increase in the first quarter was 609.5 billion yuan, an increase of 1.16 trillion yuan over the fourth quarter of last year.

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Chinese Real Estate Loans

BEIJING, CHINA - MAY 1, 2024 - A building is under construction in the CBD of Beijing, May 1, 2024. On April 30, 2024, data released by the People's Bank of China showed that at the end of the first quarter of 2024, the balance of RMB real estate loans was 53.52 trillion yuan, down 1.1% year-on-year and 0.1 percentage points lower than the growth rate at the end of the previous year; The increase in the first quarter was 609.5 billion yuan, an increase of 1.16 trillion yuan over the fourth quarter of last year.

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Hong Kong charts 1.5-fold YoY increase in tourist arrivals in Q1

STORY: Hong Kong charts 1.5-fold YoY increase in tourist arrivals in Q1 SHOOTING TIME: file DATELINE: April 17, 2024 LENGTH: 00:00:33 LOCATION: HONG KONG, China CATEGORY: TOURISM SHOTLIST: 1. various of people at the check points 2. various of people in the streets of Hong Kong 3. various of firework show in Hong Kong STORYLINE: Hong Kong recorded over 11.23 million visitor arrivals in the first quarter this year, a 1.5-fold increase year-on-year and a 5-percent quarter-on-quarter hike, the Hong Kong Tourism Board (HKTB) announced on Tuesday, citing preliminary statistics. The figure reflects that the number of tourists registered a steady growth, the HKTB said. There were some 3.4 million tourist arrivals in March, up 40 percent from the previous year. Among them, more than 2.46 million were from the Chinese mainland, a year-on-year increase of 25.4 percent. Non-mainland visits exceeded 930,000, up 92.1 percent year-on-year, it added. The Tourism Board also announced that starting from May, it

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SINGAPORE-Q1-ECONOMY-INCREASE

(240412) -- SINGAPORE, April 12, 2024 (Xinhua) -- Workers set up scaffolding at the Padang in Singapore on April 12, 2024. The Singapore economy grew by 2.7 percent year on year in the first quarter of 2024, faster than the 2.2 percent growth in the previous quarter, according to advance estimates issued by the Ministry of Trade and Industry Friday. (Photo by Then Chih Wey/Xinhua)

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SINGAPORE-Q1-ECONOMY-INCREASE

(240412) -- SINGAPORE, April 12, 2024 (Xinhua) -- This photo taken on April 12, 2024 shows the city skyline of Singapore. The Singapore economy grew by 2.7 percent year on year in the first quarter of 2024, faster than the 2.2 percent growth in the previous quarter, according to advance estimates issued by the Ministry of Trade and Industry Friday. (Photo by Then Chih Wey/Xinhua)

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Lianjia Store in Shanghai

SHANGHAI, CHINA - APRIL 5, 2024 - A real estate agency Lianjia store in Pudong New Area in Shanghai, China, April 5, 2024. According to the monitoring data released recently by the Shanghai Lianjia Research Institute, in March this year, a total of 5,370 sets of new commercial housing were transacted in Shanghai, an increase of 299% month-on-month and a decrease of 41% year-on-year; The transaction value was 59.4 billion yuan, an increase of 440% quarter-on-quarter and a decrease of 3% year-on-year; The average total price of a set of 11.05 million yuan/set, an increase of 35% quarter-on-quarter and 65% year-on-year; The average transaction price was 86,050 yuan/square meter, an increase of 29% from the previous quarter and 41% from the previous year.

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Lianjia Store in Shanghai

SHANGHAI, CHINA - APRIL 5, 2024 - A real estate agency Lianjia store in Pudong New Area in Shanghai, China, April 5, 2024. According to the monitoring data released recently by the Shanghai Lianjia Research Institute, in March this year, a total of 5,370 sets of new commercial housing were transacted in Shanghai, an increase of 299% month-on-month and a decrease of 41% year-on-year; The transaction value was 59.4 billion yuan, an increase of 440% quarter-on-quarter and a decrease of 3% year-on-year; The average total price of a set of 11.05 million yuan/set, an increase of 35% quarter-on-quarter and 65% year-on-year; The average transaction price was 86,050 yuan/square meter, an increase of 29% from the previous quarter and 41% from the previous year.

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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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Indonesia's GDP expands 5.05 pct in 2023

STORY: Indonesia's GDP expands 5.05 pct in 2023 SHOOTING TIME: Feb. 5, 2024, FILE DATELINE: Feb. 6, 2024 LENGTH: 00:01:47 LOCATION: Jakarta CATEGORY: ECONOMY SHOTLIST: 1.various of press conference 2.various of trade and factories (file) 3.various of Jakarta-Bandung High-speed Railway (file) 4.various of supermarkets (file) 5.various of ports (file) STORYLINE: The Indonesian economy expanded 5.05 percent year-on-year in 2023, lower than the previous year's 5.31 percent, Statistics Indonesia (BPS) announced on Monday. The gross domestic product (GDP) grew on a quarterly basis from 4.94 percent in the third quarter from July to September 2023 to 5.04 percent in the last quarter of 2023. "Despite the global economic slowdown and declining prices for major commodities, Indonesia's GDP is still expanding steadily at a rate of 5.05 percent," said acting head of the BPS Amalia Widyasanti at a press conference. The islands with the biggest GDP increase were Kalimantan, the site of a new capital city un

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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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Dutch economy deteriorates further in January

STORY: Dutch economy deteriorates further in January SHOOTING TIME: Feb. 1, 2024 DATELINE: Feb. 1, 2024 LENGTH: 00:00:39 LOCATION: THE HAGUE, the Netherlands CATEGORY: ECONOMY SHOTLIST: 1. various of street views in the Hague STORYLINE: The Dutch economy showed a downward trend in January, with 10 out of 13 indicators below their long-term trend, according to Statistics Netherlands (CBS) on Wednesday. The CBS uses this method with 13 indicators, such as the gross domestic product (GDP) figures, unemployment rates, consumer confidence and the number of bankruptcies, to monitor the state and the cycle of the Dutch economy and get an overall coherent macroeconomic picture, based on all available data known to the CBS at the time. One of the indicators is the GDP, which fell by 0.3 percent in the third quarter (Q3) of 2023 compared to the previous quarter, marking the third consecutive quarter with contraction. "The contraction in Q3 can mainly be attributed to declining investments in fixed assets, a decli

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Italy reports 0.7 pct economic growth in 2023

STORY: Italy reports 0.7 pct economic growth in 2023 SHOOTING TIME: Feb. 1, 2024 DATELINE: Feb. 1, 2024 LENGTH: 00:00:44 LOCATION: Rome CATEGORY: ECONOMY SHOTLIST: 1. various of shops in Rome 2. various of markets in Rome STORYLINE: Italy's economy grew by 0.7 percent year-on-year in 2023 after calendar and seasonal adjustment, according to Italy's National Institute of Statistics (ISTAT) on Tuesday. The statistics entity also said that the Italian economy increased by 0.2 percent in the final quarter of 2023 compared to the previous quarter, and by 0.5 percent compared to the same quarter of 2022. The economic change in the fourth quarter was the result of a decrease of value added in agriculture, forestry and fishing, as well as an increase in that of both industry and services, ISTAT said. Italy's economy showed positive growth for two consecutive economic quarters after alternating expansion and contraction over the four previous quarters, it said. According to recent estimates from ISTAT, the coun

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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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Sweden enters recession with GDP shrinking 0.3 pct in Q3

STORY: Sweden enters recession with GDP shrinking 0.3 pct in Q3 SHOOTING TIME: Nov. 29, 2023 DATELINE: Nov. 30, 2023 LENGTH: 00:02:29 LOCATION: Stockholm CATEGORY: ECONOMY SHOTLIST: 1. various of Statistics Sweden 2. various of Nordea Bank 3. various of Handelsbanken 4. various of street view of Stockholm STORYLINE: The Swedish economy is in recession following a contraction in the third quarter (Q3), according to official statistics released on Wednesday. The gross domestic product (GDP) decreased by 0.3 percent in Q3 compared with the previous quarter and by 1.4 percent compared with Q3 in 2022, Statistics Sweden said. "GDP decreased for the second consecutive quarter," Jessica Engdahl, head of section at Statistics Sweden's National Accounts Department, said in a press release. The decrease in Q2 was 0.8 percent from Q1 and 1 percent year-on-year, according to revised figures released by Statistics Sweden in August. The Q3 downturn was mainly driven by changes in inventories, particularly decreased

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Dutch economy shrinks for 3rd consecutive quarter

STORY: Dutch economy shrinks for 3rd consecutive quarter SHOOTING TIME: Nov. 15, 2023 DATELINE: Nov. 16, 2023 LENGTH: 00:01:00 LOCATION: THE HAGUE, the Netherlands CATEGORY: ECONOMY SHOTLIST: 1. various of street views in the Netherlands STORYLINE: The Dutch economy contracted in the third quarter of 2023, which already was the third quarterly shrinkage of the year, Statistics Netherlands (CBS) said on Tuesday. According to CBS, the gross domestic product (GDP) fell by 0.2 percent in the Q3 of 2023 compared to the previous quarter. The contraction was smaller than in the first two quarters of this year, when the economy shrank by 0.5 and 0.4 percent respectively. The last time the Dutch economy shrank three quarters in a row was during the financial crisis in 2008 and 2009. "Many jobs often disappear during a recession," CBS chief economist Peter Hein van Mulligen explained in a presentation. "That is not the case now. Many jobs were created, 31,000 to be precise compared to the previous quarter. The la

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Indonesia's GDP slows in Q3 over decline in exports value

STORY: Indonesia's GDP slows in Q3 over decline in exports value SHOOTING TIME: Nov. 6, 2023 DATELINE: Nov. 7, 2023 LENGTH: 00:01:48 LOCATION: Jakarta CATEGORY: ECONOMY SHOTLIST: 1. various of Amalia Adininggar Widyasanti, acting head of BPS speaking at the press conference on Nov. 6 2. various of ports in Indonesia (file) 3. various of Jakarta (file) STORYLINE: Indonesia's economic growth slowed in the third quarter of this year as the value of exports declined, Statistics Indonesia (BPS) reported on Monday. Acting BPS head Amalia Adininggar Widyasanti said the gross domestic product (GDP) growth in the July-September period was recorded at 4.94 percent year-on-year, down from 5.17 percent reported in the previous quarter. The latest figure ends Indonesia's economic growth above 5 percent in seven consecutive quarters. "The decline in commodity prices on the international market has an impact on the decline in the export value of our superior products, where the prices of crude palm oil and coal are lo

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BELGIUM-BRUSSELS-EUROZONE-ECONOMY

(231031) -- BRUSSELS, Oct. 31, 2023 (Xinhua) -- A woman walks past a store with discount signs in Brussels, Belgium, Oct. 31, 2023. Yearly inflation in the Eurozone should fall to 2.9 percent in October, compared to 4.3 percent in September, the lowest levels in more than two years. Meanwhile, the Eurozone's gross domestic product (GDP) went down by 0.1 percent during the third quarter of 2023 compared to the previous quarter, according to a flash estimate published on Tuesday by Eurostat. TO GO WITH "Roundup: Eurozone inflation plunges while economic growth stagnates " (Xinhua/Zhao Dingzhe)

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BELGIUM-BRUSSELS-EUROZONE-ECONOMY

(231031) -- BRUSSELS, Oct. 31, 2023 (Xinhua) -- Customers buy bread at a supermarket in Brussels, Belgium, Oct. 31, 2023. Yearly inflation in the Eurozone should fall to 2.9 percent in October, compared to 4.3 percent in September, the lowest levels in more than two years. Meanwhile, the Eurozone's gross domestic product (GDP) went down by 0.1 percent during the third quarter of 2023 compared to the previous quarter, according to a flash estimate published on Tuesday by Eurostat. TO GO WITH "Roundup: Eurozone inflation plunges while economic growth stagnates " (Xinhua/Zhao Dingzhe)

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BELGIUM-BRUSSELS-EUROZONE-ECONOMY

(231031) -- BRUSSELS, Oct. 31, 2023 (Xinhua) -- A woman walks past a store with discount signs in Brussels, Belgium, Oct. 31, 2023. Yearly inflation in the Eurozone should fall to 2.9 percent in October, compared to 4.3 percent in September, the lowest levels in more than two years. Meanwhile, the Eurozone's gross domestic product (GDP) went down by 0.1 percent during the third quarter of 2023 compared to the previous quarter, according to a flash estimate published on Tuesday by Eurostat. TO GO WITH "Roundup: Eurozone inflation plunges while economic growth stagnates " (Xinhua/Zhao Dingzhe)

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BELGIUM-BRUSSELS-EUROZONE-ECONOMY

(231031) -- BRUSSELS, Oct. 31, 2023 (Xinhua) -- A customer buys vegetables at a supermarket in Brussels, Belgium, Oct. 31, 2023. Yearly inflation in the Eurozone should fall to 2.9 percent in October, compared to 4.3 percent in September, the lowest levels in more than two years. Meanwhile, the Eurozone's gross domestic product (GDP) went down by 0.1 percent during the third quarter of 2023 compared to the previous quarter, according to a flash estimate published on Tuesday by Eurostat. TO GO WITH "Roundup: Eurozone inflation plunges while economic growth stagnates " (Xinhua/Zhao Dingzhe)

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BELGIUM-BRUSSELS-EUROZONE-ECONOMY

(231031) -- BRUSSELS, Oct. 31, 2023 (Xinhua) -- A man walks past a store with discount signs in Brussels, Belgium, Oct. 31, 2023. Yearly inflation in the Eurozone should fall to 2.9 percent in October, compared to 4.3 percent in September, the lowest levels in more than two years. Meanwhile, the Eurozone's gross domestic product (GDP) went down by 0.1 percent during the third quarter of 2023 compared to the previous quarter, according to a flash estimate published on Tuesday by Eurostat. TO GO WITH "Roundup: Eurozone inflation plunges while economic growth stagnates " (Xinhua/Zhao Dingzhe)

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BELGIUM-BRUSSELS-EUROZONE-ECONOMY

(231031) -- BRUSSELS, Oct. 31, 2023 (Xinhua) -- A woman walks past a store with discount signs in Brussels, Belgium, Oct. 31, 2023. Yearly inflation in the Eurozone should fall to 2.9 percent in October, compared to 4.3 percent in September, the lowest levels in more than two years. Meanwhile, the Eurozone's gross domestic product (GDP) went down by 0.1 percent during the third quarter of 2023 compared to the previous quarter, according to a flash estimate published on Tuesday by Eurostat. TO GO WITH "Roundup: Eurozone inflation plunges while economic growth stagnates " (Xinhua/Zhao Dingzhe)

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Italy's UniCredit reports record profits in Q3

STORY: Italy's UniCredit reports record profits in Q3 DATELINE: Oct. 26, 2023 LENGTH: 00:01:07 LOCATION: Rome CATEGORY: ECONOMY SHOTLIST: 1. various of UniCredit in Rome STORYLINE: Italian banking giant UniCredit on Tuesday reported a remarkable 67.7 percent surge in profits for the first three quarters of 2023 compared to the previous year. The bank's net profit for the first nine months reached 6.7 billion euros (7.1 billion U.S. dollars), with the third quarter leading the way with a net profit of 2.3 billion euros, up 36 percent year-on-year, the Milan-based bank said in a press release. While UniCredit exceeded profit expectations and raised revenue forecasts, it maintained its full-year profit guidance at 7.25 billion euros. UniCredit is Italy's second-largest bank only after Banca Intesa Sanpaolo in terms of total assets. UniCredit's shares traded as much as 2.1 percent higher in trading Tuesday, before settling down to a 1.4-percent increase. Despite the surge from UniCredit's

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New Zealand sees annual inflation at 5.6 pct

STORY: New Zealand sees annual inflation at 5.6 pct DATELINE: Oct. 17, 2023 LENGTH: 00:01:37 LOCATION: Wellington CATEGORY: ECONOMY SHOTLIST: 1. various of ports 2. various of streets STORYLINE: New Zealand's consumer price index increased 5.6 percent in the 12 months to the September 2023 quarter, according to the statistics department Stats NZ on Tuesday. The 5.6 percent increase follows a 6 percent increase in the 12 months to the June 2023 quarter, Stats NZ said. "Prices are still increasing, but are increasing at rates lower than we have seen in the previous few quarters," Stats NZ consumers prices senior manager Nicola Growden said. Food was the largest contributor to the September 2023 quarter annual inflation rate, Growden said, adding this was due to rising prices for ready-to-eat food; milk, cheese, and eggs; and bread and cereals. The next largest contributor to the annual increase was housing and household utilities, which was due to rising prices for construction and rents, Gro

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India sees GDP growth of 7.8 pct in Q2

STORY: India sees GDP growth of 7.8 pct in Q2 DATELINE: Sept. 2, 2023 LENGTH: 00:01:27 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India gate 2. various of market area 3. various of wholesale market area 4. various of gas station 5. various of traffic STORYLINE: India's gross domestic product (GDP) during the April-June quarter grew by 7.8 percent, according to the data released by the country's Ministry of Statistics and Program Implementation on Thursday. It was higher than the 6.1-percent GDP growth rate registered during the January-March quarter, but much lower than the 13.1-percent rate recorded in the April-June quarter of the previous year. The figures released on Thursday echoed the country's Finance Minister Nirmala Sitharaman's opinion on the Indian economy's growth. "Till after the new year, you would have enough reasons to believe that the demand situation is going to only go up. So, I expect the next quarter will also do well," the minister was earlier quoted as saying by

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Xiaomi Group 2023 Q2 Revenue Growth

SHANGHAI, CHINA - AUGUST 30, 2023 - A store of consumer electronics such as Xiaomi Home smartphones is seen in Shanghai, China, August 30, 2023. Xiaomi Group released the second quarter and half year 2023 results announcement. In the second quarter, Xiaomi's total revenue reached 67.4 billion yuan, up 13% from the previous quarter, and adjusted net profit reached 5.1 billion yuan, up 147% from the same period last year. The overall gross margin hit a record high of 21.0%. The investment in innovative businesses such as Xiaomi intelligent electric vehicles continued to increase, with 1.4 billion yuan invested in the second quarter.

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Xiaomi Group 2023 Q2 Revenue Growth

SHANGHAI, CHINA - AUGUST 30, 2023 - A store of consumer electronics such as Xiaomi Home smartphones is seen in Shanghai, China, August 30, 2023. Xiaomi Group released the second quarter and half year 2023 results announcement. In the second quarter, Xiaomi's total revenue reached 67.4 billion yuan, up 13% from the previous quarter, and adjusted net profit reached 5.1 billion yuan, up 147% from the same period last year. The overall gross margin hit a record high of 21.0%. The investment in innovative businesses such as Xiaomi intelligent electric vehicles continued to increase, with 1.4 billion yuan invested in the second quarter.

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Xiaomi Group 2023 Q2 Revenue Growth

SHANGHAI, CHINA - AUGUST 30, 2023 - A store of consumer electronics such as Xiaomi Home smartphones is seen in Shanghai, China, August 30, 2023. Xiaomi Group released the second quarter and half year 2023 results announcement. In the second quarter, Xiaomi's total revenue reached 67.4 billion yuan, up 13% from the previous quarter, and adjusted net profit reached 5.1 billion yuan, up 147% from the same period last year. The overall gross margin hit a record high of 21.0%. The investment in innovative businesses such as Xiaomi intelligent electric vehicles continued to increase, with 1.4 billion yuan invested in the second quarter.