News Tag: consecutive
March 1, 2010
According to the Commerce Department, US consumer spending rose faster than expected in January by 0.5% - the fourth consecutive monthly rise.
The rise in consumer spending, which makes up for more than two-thirds of overall economic activity in the US, was better than expectations of 0.4%.
Meanwhile, the data said personal incomes crept up 0.1% - after a rise of 0.3% ...
US consumer spending up 0.5% in January
by Kay Murchie
February 24, 2010
The Commerce Department has today revealed a fall in sales of new homes in the US for the month of January - the third consecutive month that sales have fallen.
According to the Commerce Department, new single-family home sales dived by 11.2% to a seasonally adjusted annual rate of 306,000 units - the lowest since records commenced in 1963.
The ...
US new home sales in third consecutive monthly fall
by Kay Murchie
February 11, 2010
The Spanish economy is still in recession after the economy contracted by 0.1% in the fourth quarter of 2009 - the seventh consecutive quarter of contraction.
The figures from the INE, the national statistics agency, show that Spain is now the last major economy still in recession.
Meanwhile, on an annual basis, the economy shrank 3.1% compared with the same period ...
Spanish economy contracts for seven consecutive quarters
by Kay Murchie
February 5, 2010
The John Lewis Partnership, which is seen as a barometer of British retailing, today announced that sales grew 15.6% to £50 million in the week to 30 January compared with the same period a year ago.
The renowned employee-owned department store said it was the third consecutive week of increased sales and ended a "cracking" January.
According to Managing Director, ...
John Lewis posts third straight week of growing sales
by Kay Murchie
February 4, 2010
The European Central Bank (ECB) today elected to keep interest rates on hold at the historic low of 1% for the ninth consecutive month, as widely expected.
Interest rates are expected to remain on hold for the long-term as a result of uneven growth and low inflation.
The euro zone as a whole emerged from recession in the third quarter ...
Euro zone interest rates on hold at 1%
by Kay Murchie
January 8, 2010
Germany, which is Europe’s largest economy, saw exports rise for the third consecutive month in November.
Exports, on a seasonally adjusted basis, totalled €70.6 billion (£63 billion) during the month - an increase of 1.6% compared with the previous month.
The monthly gain was double economists' forecasts of a 0.8% rise and followed gains of 1.9% in October and 3.% in September.
The ...
German exports rise 1.6% in November
by Kay Murchie
December 2, 2009
The National Association of Realtors (NAR) said its Pending Home Sales Index rose to 114.1 in October - its ninth consecutive monthly rise.
The index is up 31.8% from this time last year - the biggest year-on-year gain since the series began in 2001.
However, many analysts believe that the US housing market is being propped up by the ...
US Pending Home Sales Index rises for ninth consecutive month
by Kay Murchie
December 1, 2009
Australia, which is one of the few developed economies not to have fallen into recession like its counterparts throughout the world, has increased interest rates from 3.5% to 3.75%.
It is the third month in a row that interest rates have increased and the move was not unexpected.
The Australian economy has benefited from an increase in commodity prices, while ...
Australia raises interest rates for third consecutive month
by Kay Murchie
November 23, 2009
Thailand, which is south-east Asia's second largest economy, has grown for a second consecutive quarter, according to official figures.
The Thai economy grew by 1.3% in the third quarter from the second quarter when the economy grew by 2.2%, meaning the economy has officially exited recession.
However, the 1.3% was far less than the growth of 2.3%, which economists had expected.
The ...
Thailand’s economy grows for second consecutive quarter
by Kay Murchie
November 12, 2009
Official figures show that the number of US workers filing new claims for jobless benefits last week fell for the second consecutive week to the lowest level since January.
The figures show that claims for state unemployment insurance fell to 502,000 in the week ended November 7, down from the revised 514,000 the previous week.
According to Gary Thayer, chief macrostrategist for Wells Fargo ...
US jobless claims fall
by Kay Murchie
November 3, 2009
Australia, which is one of the few developed economies not to have fallen into recession like its counterparts throughout the world, has increased interest rates from 3.25% to 3.5%.
It is the second month in a row that interest rates have increased and the move was not unexpected.
The Australian economy has benefited from an increase in commodity prices, while exports ...
Australia raises interest rates for second consecutive month
by Kay Murchie
October 16, 2009
There are signs of recovery within the US manufacturing sector after the Federal Reserve reported a rise in industrial production for the month of September.
The US central bank said output at the nation's factories, mines and utilities grew 0.7% during the month - higher than the 0.2% rise expected by analysts and follows the rise of 1.2% in August.
However, ...
US industrial production sees third straight monthly gain
by Kay Murchie
October 8, 2009
The Bank of England’s Monetary Policy Committee has today elected to keep UK interest rates on hold at the record low of 0.5% for the seventh month in a row.
The move was widely expected after a week of mixed economic data, which suggests that the UK may not have exited recession in the third quarter as hoped - official ...
UK interest rates unchanged for seventh consecutive month
by Kay Murchie
September 10, 2009
The Bank of England’s Monetary Policy Committee has today elected to keep UK interest rates on hold at the record low of 0.5% for the sixth month in a row.
The move was widely expected after a raft of positive economic news this week, suggesting that the UK is beginning to emerge from recession.
Meanwhile, the Bank also said it ...
UK interest rates unchanged for sixth consecutive month
by Kay Murchie
January 27, 2009
Figures from the CBI have revealed that retail sales volumes have fallen for the tenth consecutive month with durable household goods (such as electrical equipment) and clothing retailers reporting the heaviest falls.
The organisation said that volumes will continue to fall as consumers tighten their purse strings as recession bites and unemployment rises.
According to the organisation's latest monthly Distributive Trades Survey, ...
CBI: Retail sales continue to fall
by Kay Murchie
January 23, 2009
Official figures have confirmed today that the UK is in recession after Gross Domestic Product fell by 1.5% in the fourth quarter of last year, following a 0.6% contraction in the three months prior to that.
This represents the biggest quarter-on-quarter fall since 1980.
Neil Mackinnon, chief economist at ECU Group, described the GDP figures as ’grim’ and they ...
It’s official - the UK is in recession
by Kay Murchie
