Today’s Quartz Chartbook: A visual look at economic data worth noting

March 29, 2013
March 29, 2013

Japanese factory output slips

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  • But the Bank of Japan has a tough fight ahead of it when it comes to beating back deflation. Japan’s core year-on-year gauge of prices declined 0.3%, showing that deflationary tendencies are still strong.

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Indian balance of payments get worse

  • Reliance on foreign oil imports, along with the current surge of Indian gold mania, drove India’s balance of payments to a record low of $32.6 billion during the fourth quarter, or 6.7% of GDP. The growth of the deficit, which needs to be paid for either through additional borrowing or through a bit of inflation, has been putting pressure on the rupee

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US consumer spending climbs

  • The US is a rare source of strength among the major world economies, and consumer spending is its cornerstone—worth about 70% of GDP. So it’s a good thing to see that consumer spending posted a better-than-expected rise in February, increasing by a seasonally adjusted annualized rate of 0.7%, versus a 0.4% gain in January. For an in-depth look at US consumers, click here.

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