Thursday, February 4, 2010

Retail figures for Dec '09 : -0.7% seasonably adjusted

Maybe the Reserve had this data before the Interest rate decision. Reduction of retail turnover in price was -0.7% (However it did increase 1.1% in volume terms). These were both in seasonably adjusted terms.
Not great news for the economy. Household Consumption makes up around 52% of GDP (including the government, it increases to 70%) so impacts to retail figures affect the GDP quite dramatically
Speaking of which, here are the other factors affecting the GDP
Federal Government spending = 6.4% of GDP (defence is 1.4%)
State and Local Government Spending = 10.1% of GDP
Private Fixed Capital Spending = 23% of GDP
Public Corporations Capital Spending = 1.9% of GDP
Government Capital Spending = 5% of GDP
Exports = 19% of GDP
Imports = 20 % of GDP
Net Exports = (-1%) of GDP

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