Canadian GDP Increases by 0.2% | ECB Hesitant to Restart QE?
Published August 30, 2019
Canadian real gross domestic product increased for the fourth successive month in June, rising 0.2%. This growth was demonstrated most visibly in 17 of 20 industrial sectors, which more than compensated for a decline in manufacturing. Goods-producing industries declined 0.2% as a result of lower manufacturing, largely offsetting the growth in May.
US personal income increased to $23.9 billion in July according to estimates released today by the Bureau of Economic Analysis. This was followed by disposable personal income increasing to $44.4 billion and personal consumption expenditures rising to $93.1 billion.
European Central Bank Executive Board member Sabine Lautenschlaeger is the latest policymaker to state publicly that the time is not right to restart the bank’s quantitative-easing program. Previously, Governor Klaas Knot said the euro area growth outlook wasn’t weak enough to resume buying bonds.
UK Prime Minister Boris Johnson’s move to suspend Parliament for up to five weeks ahead of the October 31 Brexit deadline was not overruled by a Scottish judge this morning. British lawmakers are still confident that they have sufficient time to block the UK leaving the European Union without a deal.