FOREX TradingCharts.com

Financial News: Denmark GDP Contracts In Q1

Denmark GDP Contracts In Q1

05/31/2022 - 09:59:00 (RTTNews)

(RTTNews) - Denmark's economy contracted for the first time in six quarters in the three months ended March, though marginally, due to a decline in services, figures from Statistics Denmark showed on Tuesday.

Gross domestic product dropped a seasonally adjusted 0.1 percent sequentially in the first quarter, in contrast to a 3.0 percent expansion in the previous quarter.

Moreover, this was the first fall in GDP since the third quarter of 2020.

The latest contraction was mainly due to a decline in service industries targeting households affected by COVID-19 restrictions in January, the report said.

Among expenditure components, household consumption continued to decline in the first quarter, by 1.2 percent, which was widely distributed across goods and services.

Both exports and imports fell by 2.1 percent and 1.1 percent, respectively compared to the previous quarter.

On the other hand, gross fixed capital formation registered an increase of 2.6 percent, underpinned by more investments in housing, civil engineering and other construction segments.

On a yearly basis, gross domestic product advanced 6.7 percent in the first quarter.

The agency remarked that the calculation of the national accounts is more uncertain than usual due to the special circumstances surrounding the COVID-19 pandemic.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2022 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


French Inflation Accelerates More Than Forecast; Producer Prices Fall (07 hr(s), 28 min(s), 17 sec(s) ago)
(RTTNews) - France's consumer price inflation accelerated at a faster-than-expected pace in Ju ...Full Story»

Chicago Business Barometer Drops To Nearly Two-Year Low In June (07 hr(s), 32 min(s), 17 sec(s) ago)
(RTTNews) - MNI Indicators released a report on Thursday showing growth in Chicago-area business a ...Full Story»

Riksbank Lifs Interest Rate By 50 Bps; More Hikes To Follow (07 hr(s), 34 min(s), 17 sec(s) ago)
(RTTNews) - Sweden's central bank raised its interest rate by half a percentage point on Thurs ...Full Story»

Portugal Inflation Highest Since December 1992 (07 hr(s), 33 min(s), 17 sec(s) ago)
(RTTNews) - Portugal's consumer price inflation accelerated further in June to reach its highe ...Full Story»

Brazil Unemployment Rate Lowest Since 2015 (07 hr(s), 55 min(s), 17 sec(s) ago)
(RTTNews) - Brazil's unemployment rate decreased in the three months ended May to reach its lo ...Full Story»

U.S. Personal Income Increases 0.5% In May, In Line With Estimates (07 hr(s), 57 min(s), 17 sec(s) ago)
(RTTNews) - Personal income in the U.S. increased in line with economist estimates in the month of ...Full Story»

U.S. Weekly Jobless Edge Down To 231,000 (08 hr(s), 14 min(s), 17 sec(s) ago)
(RTTNews) - A report released by the Labor Department on Thursday showed a modest decrease in firs ...Full Story»

U.S. Initial Jobless Show Modest Decrease In Week Ended 6/25 (08 hr(s), 40 min(s), 17 sec(s) ago)
(RTTNews) - A report released by the Labor Department on Thursday showed a modest decrease in firs ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

French Inflation Accelerates More Than Forecast; Producer Prices Fall

06/30/2022 - 10:22 AM (RTTNews)
(RTTNews) - France's consumer price inflation accelerated at a faster-than-expected pace in Ju ...Full Story>>

Chicago Business Barometer Drops To Nearly Two-Year Low In June

06/30/2022 - 10:18 AM (RTTNews)
(RTTNews) - MNI Indicators released a report on Thursday showing growth in Chicago-area business a ...Full Story>>

Portugal Inflation Highest Since December 1992

06/30/2022 - 10:17 AM (RTTNews)
(RTTNews) - Portugal's consumer price inflation accelerated further in June to reach its highe ...Full Story>>

Riksbank Lifs Interest Rate By 50 Bps; More Hikes To Follow

06/30/2022 - 10:16 AM (RTTNews)
(RTTNews) - Sweden's central bank raised its interest rate by half a percentage point on Thurs ...Full Story>>

Brazil Unemployment Rate Lowest Since 2015

06/30/2022 - 09:55 AM (RTTNews)
(RTTNews) - Brazil's unemployment rate decreased in the three months ended May to reach its lo ...Full Story>>

Do not sell my personal information

Copyright © 2022. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.