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26th of August 2011
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News Tag: estimate

July 29, 2011

Euro zone inflation falls in July

by Kay Mitchell
”Euro
According to a preliminary estimate from Eurostat today, euro zone inflation eased in July to 2.5% from 2.7% in June. The figures come despite figures earlier this week suggesting German inflation crept up to 2.4%. Despite the fall, inflation remains higher than the ECB’s target of just below 2% – and is expected to remain above target for the short-term at least. Earlier ...




June 24, 2011

US Q1 economic growth figures revised upwards

by Kay Mitchell
”US
The Commerce Department has today revealed the US economy grew by an annualised 1.9% in the January to March period – marginally higher than the previous estimate of 1.8%. On a quarterly basis, growth was up 0.58%. Today’s reading is the third and final for first quarter growth. Stubbornly high unemployment and a depressed housing market are impacting negatively on the world’s ...




May 31, 2011

Euro zone inflation falls in May, unemployment remains flat

by Kay Mitchell
”Eurozone
According to a preliminary estimate from Eurostat today, euro zone inflation eased in May to 2.7%, from 2.8% in April. Last month, the European Central Bank (ECB) raised interest rates from 1% to 1.25% – the first time in almost three years in a bid to fight inflation. However, despite the fall, analysts expect inflation to rise again, which ...




May 25, 2011

UK Q1 economic growth figures remain unchanged

by Kay Mitchell
”UK
The Office for National Statistics (ONS) has today revealed the UK economy grew by 0.5% in the January to March period – unchanged from the first estimate last month. The figure is in line with market forecasts but is behind Chancellor George Osborne’s forecast of 0.8%. The reading suggests the recovery of the UK economy remains sluggish as households remain under pressure ...




May 13, 2011

Catastrophes cost Lloyd’s of London

by Kay Mitchell
Catastrophes cost Lloyd's of London
The Lloyd’s of London insurance market today said natural disasters will cost it in the region of £2.4 billion ($3.8 billion). The recent catastrophes including the flooding in Australia, the New Zealand earthquake, the Japanese earthquake and tsunami, means insurance prices will soar as claims eat into the industry's capital reserves. The company said the tornadoes in the US have not been included in ...




March 28, 2011

UK Q4 GDP final reading due this week

by Kay Mitchell
”UK
The Office for National Statistics (ONS) will tomorrow publish its final reading of gross domestic product (GDP) for the fourth quarter of 2010. In January, the ONS revealed the UK economy contracted by 0.5% in the October to December period. Last month, the figure was revised down further to 0.6% with bad weather being attributed to the poor growth figures. The third ...




March 21, 2011

Report reveals £8bn windfall for Government

by Kay Mitchell
”Report
A report by the Ernst & Young Item Club has suggested the Government could be in line for an £8 billion windfall this year due to a rebound in tax revenues and a cut in public spending. The Item Club is estimating public borrowing for the financial year to the end of March to be £140.2 billion - £8.3 billion lower than ...




February 28, 2011

Euro zone inflation reaches 2.3% in January

by Kay Mitchell
Euro zone inflation reaches 2.3% in January
The European Union’s statistics office Eurostat has today revealed inflation in the euro zone rose to 2.3% in January - albeit lower than an earlier projection of 2.4% and compares with 2.2% in December. However, the rate remains above the European Central Bank’s target of just below 2%. The ECB has previously suggested inflation in the 17-member nation will peak in ...




February 10, 2011

NIESR: UK economy recovered in January

by Kay Mitchell
”NIESR:
Influential think tank, the National Institute of Economic and Social Research (NIESR), has today suggested the UK economy recovered in January after adverse weather conditions led to a shock contraction in the final quarter of last year. Last month, the Office for National Statistics (ONS) revealed the UK economy contracted by 0.5% in the October to December period. The figures shocked economists who ...




November 23, 2010

US Q3 economic growth figures revised upwards

by Kay Mitchell
”US
The Commerce Department has today revealed the US economy grew by 2.5% in the July to September period – much faster than the 2% previously estimated and higher than economists had forecast. Today’s estimate is the second reading, a third and final estimate will be available next month. GDP was revised upwards due to higher consumer spending and business investment. However, despite the ...




September 30, 2010

US Q2 economic growth figures revised upwards

by Kay Mitchell
”US
The Commerce Department has today revealed the US economy grew by an annualised 1.7% in the April to June period – slightly higher than the previous estimate of 1.6%. This figure is the third and final estimate for the second quarter and the upward revision was due to a higher rate of consumer spending, which was revised upwards to 2.2% - ...




September 28, 2010

UK Q2 GDP final estimate due today

by Kay Mitchell
”UK
The Office for National Statistics (ONS) will today issue its final reading for UK quarter two economic growth. However, there is expected to be no revision to 1.2% growth for the April to June period. Growth in the second quarter exceeded many expectations but growth in the second half of the year is expected to be slow, due to massive spending cuts ...




September 8, 2010

Greek economic growth figures revised downwards

by Kay Mitchell
Greek economic growth figures revised downwards
Official figures have today revealed the Greek economy contracted more than originally anticipated in the April to June period. The economy, which is still in a deep recession, contracted by 1.8% in the second quarter - rather than the first estimate of 1.5%. The contraction was worse than expected and follows the 0.8% fall in the January to March period, Greece's national ...




July 16, 2010

ONS issues revised Q1 construction output figures

by Kay Mitchell
”ONS
The Office for National Statistics (ONS) has today issued a revised reading of first quarter construction output, which could boost economic growth in the first quarter of the year. According to the ONS, construction output fell by 1.1% in the first three months of the year - lower than the 1.6% fall which the ONS reported on 12 July. It is now ...




July 11, 2010

ONS to issue final estimate of Q1 growth tomorrow

by Kay Mitchell
”ONS
The Office for National Statistics (ONS) is tomorrow expected to leave its estimate of GDP in the January to March unchanged at 0.3%. Gross Domestic Product (GDP), a key measure of economic growth, is closely watched by economists as an indication of the health of the economy. The figures were due to be released last month but due to a ...




June 30, 2010

ONS apologises for delay of UK GDP data

by Kay Mitchell
”ONS
The Office for National Statistics (ONS) has announced the third and final estimate of the UK’s first quarter GDP figures will be delayed, due to a "potential error". According to the ONS, the unusual move was caused by concerns over the reliability of some of the data. Gross Domestic Product (GDP), a key measure of economic growth, is closely watched by ...




June 18, 2010

Gross mortgage lending up 7%

by Gill Montia
”Gross
Gross mortgage lending totalled an estimated £11.3 billion in May, the Council of Mortgage Lenders (CML) has reported. The figure is up 7% from £10.5 billion in April, and 10% from £10.2 billion a year earlier. While the mortgage market is more buoyant than a year ago, it remains "subdued", according to the CML, with gross lending falling slightly short of that seen towards ...




May 25, 2010

UK Q1 economic growth figures expected to be revised upwards

by Kay Mitchell
”UK
The Office for National Statistics (ONS) will today provide its second estimate for first quarter UK economic growth. Last month, the ONS said GDP expanded by an estimated 0.2% in the first three months of the year. However, this was the first estimate, which is based on just 40% of the full set of data. According to analysts, the second ...




May 11, 2010

NIESR: UK GDP to be revised upwards

by Kay Mitchell
”NIESR:
Influential think tank, the National Institute of Social and Economic Research (NIESR) said the UK economy expanded by 0.5% in the three months to April. The Institute is expecting the Office for National Statistics (ONS) to upwardly revise its initial first quarter growth estimate. Last month, the ONS said the economy grew by just 0.2% in the first three months of ...




February 26, 2010

ONS to publish second Q4 GDP estimate

by Kay Mitchell
’ONS
Last month, the Office for National Statistics (ONS) revealed the UK crawled out of recession in the fourth quarter by seeing growth of just 0.1% in the final three months of 2009. However, the figures were only the first estimate and the second estimate is to be released this morning. Yesterday, the ONS reported a sharp fall in business investment, which ...




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