Tag: December

Scotland’s recovery hit by December’s big freeze

Scotland’s recovery hit by December’s big freeze

According to the latest Lloyds TSB Business Monitor, Scotland’s economic recovery has been hit by the severe wintry weather at the end of last year. For the three months to the end of February, almost half of companies experienced a decline in turnover, one third experienced level, or “static”, turnover, while a quarter noted an [...]

March 28, 2011 | 0 Comments More
DCLG: House prices up 0.5% in December

DCLG: House prices up 0.5% in December

Official data from the Department for Communities and Local Government (DCLG) today revealed UK house prices rose by 0.5% in December compared with November, with the average UK home costing £208,148. In the meantime, on an annual basis, house prices are 3.8% higher, according to the DCLG. For the 2010 year, house prices in England [...]

February 16, 2011 | 0 Comments More
CML: Mortgage lending dips in December

CML: Mortgage lending dips in December

The Council of Mortgage Lenders (CML) has today reported mortgage lending remained weak in December. However, the month is traditionally a quiet one as prospective buyers opt to wait until the New Year to purchase a home. The number of loans approved for those buying a new home stood at 39,000 during the month – [...]

February 11, 2011 | 0 Comments More
UK manufacturing output sees fall in December

UK manufacturing output sees fall in December

The Office for National Statistics (ONS) has today revealed UK manufacturing output fell in December - due to the severe wintry weather during the month. However, the coldest December for a century resulted in a sharp rise in energy production leading to an overall rise in output. According to the ONS, manufacturing output fell 0.1% [...]

February 10, 2011 | 0 Comments More
UK trade deficit hits record high in December

UK trade deficit hits record high in December

The Office for National Statistics (ONS) has today revealed the UK’s trade deficit hit a record high in December - fuelled by a sharp rise in imports of aircraft. According to the ONS, the goods trade gap widened to £9.247 billion in December from a revised £8.460 billion the previous month. The December figure represented [...]

February 9, 2011 | 0 Comments More
German exports up 0.5% in December

German exports up 0.5% in December

Statistics office Destatis has revealed German exports rose 0.5% in December on a monthly basis - albeit half the 1% rise expected by analysts. However, for the 2010 year, exports were up 18.5% to €951.9 billion. The figures sent the euro slightly higher to $1.3651 from $1.3627 late Tuesday. Germany is the world’s second largest [...]

February 9, 2011 | 0 Comments More
German industrial orders plunge in December

German industrial orders plunge in December

The Economy Ministry has reported German industrial orders fell by 3.4% in December on a monthly basis - due to a severe drop in demand for capital goods from non-euro zone countries. The fall partially wiped out November’s rise of 5.2%. However, economists had predicted a sharp fall and Europe’s largest economy continues to lead [...]

February 7, 2011 | 0 Comments More
Euro zone retail sales fall in December

Euro zone retail sales fall in December

The European Union’s statistics office Eurostat has today revealed retail sales fell unexpectedly in the euro zone last month. It represented the second consecutive monthly decline and followed November’s fall of 0.3%. According to Eurostat, sales fell 0.6% in December on the month, while on an annual basis, sales were down 0.9%. The figures surprised [...]

February 3, 2011 | 0 Comments More
Euro zone unemployment rate remains unchanged at 10%

Euro zone unemployment rate remains unchanged at 10%

The European Union’s statistics agency has today announced the unemployment rate in the 17-member euro zone remained stuck at 10% in December. According to Eurostat, 15.7 million people were unemployed in the euro zone during the month. Unemployment remains high in Spain - at above the 20% mark - but continues to fall in Germany, [...]

February 1, 2011 | 0 Comments More
BoE: Mortgage approvals slump in December

BoE: Mortgage approvals slump in December

The Bank of England has today revealed mortgage approvals slumped in December - to the lowest level since March 2009 - when the economy was in the midst of recession. According to the Bank, there were 42,563 loans approved in the month, down from November’s 47,287 approvals. December’s figure was also way below analysts forecast [...]

February 1, 2011 | 0 Comments More
US consumer spending up in December

US consumer spending up in December

The Commerce Department has reported a further rise in consumer spending in the US for the month of December. Spending grew 0.7% in the month after rising by 0.3% in November, the sixth consecutive monthly rise. The ongoing rise in consumer spending suggest a sustainable recovery is underway in the world‘s largest economy. Consumer spending [...]

January 31, 2011 | 0 Comments More
Land Registry reports 0.2% fall in December house prices

Land Registry reports 0.2% fall in December house prices

According to the Land Registry, house prices fell by 0.2% in December compared with November, putting the average cost of a home at £163,814 in England and Wales. The Registry said house prices are now just 1.5% higher than a year ago. It must be noted that the Land Registry compiles its data from completed [...]

January 31, 2011 | 1 Comment More
Japanese factory output posts strong rise in December

Japanese factory output posts strong rise in December

Japan’s industrial production rose in December by 3.1% - beating expectations of a 2.9% gain. The rise also represented the strongest in 11 months - boosted by global demand for the nation’s goods. As a result, The Ministry of Economy, Trade and Industry said production is now “showing signs of an upward movement” compared with [...]

January 31, 2011 | 0 Comments More
US Pending Home Sales Index up in December

US Pending Home Sales Index up in December

The National Association of Realtors (NAR) today said its Pending Home Sales Index rose in December. On a monthly basis, the index was up by 2% to 93.7 from 91.9 in November. The reading also beat expectations of a 1% rise. It also represented the fifth gain in six months, said the NAR. The data [...]

January 27, 2011 | 0 Comments More
Japan’s exports improve further in December

Japan’s exports improve further in December

January 27, 2011 | 0 Comments More
US new home sales beat expectations in December

US new home sales beat expectations in December

The Commerce Department has today revealed a rise in sales of new homes in the US for the month of December. According to the Commerce Department, new single-family home sales rose to a better than expected annual rate of 329,000 units, from a revised 280,000 in November. However, on an annual basis, December sales were [...]

January 26, 2011 | 0 Comments More
BBA: Mortgage approvals continue to fall

BBA: Mortgage approvals continue to fall

The British Bankers’ Association (BBA) has today revealed a further fall in the number of new mortgages approved by the major banks in December. According to the BBA, the number of new mortgages approved in the month fell to 28,726, down from 29,696 in November - representing the lowest figure since January 2009. Net mortgage [...]

January 26, 2011 | 0 Comments More
UK public sector net borrowing falls in December

UK public sector net borrowing falls in December

The Office for National Statistics (ONS) has today revealed public sector net borrowing totalled £15.3 billion in December - lower than forecasts of £18.1 billion and a fall from November‘s record high. However, it was slightly above December 2009′s total of £14.3 billion. The fall was attributed to the cost of Government support for Royal [...]

January 25, 2011 | 0 Comments More
ONS: UK retail sales hit by big freeze in December

ONS: UK retail sales hit by big freeze in December

The Office for National Statistics (ONS) has today reported UK retail sales were hit by the severe wintry weather in December and rising prices. According to the ONS, retail sales during December were down by 0.8% from the previous month - much worse than expected. It was the worst annual performance for any December since [...]

January 21, 2011 | 0 Comments More
CML: Mortgage lending down 18% on year in December

CML: Mortgage lending down 18% on year in December

The Council of Mortgage Lenders (CML) has today reported mortgage lending remained weak in December. Mortgage lending fell by 6% in December compared with November, said the Council. According to the CML, mortgage lending totalled £11 billion - this was 18% lower compared with December 2009 - when buyers were rushing to beat the end [...]

January 21, 2011 | 0 Comments More