Tag: expectations

UK inflation edges higher in August

UK inflation edges higher in August

The Office for National Statistics (ONS) today announced Consumer Price Inflation (CPI) rose to annual rate of 4.5% last month from July’s rate of 4.4%. However, the figure was in line with analysts’ expectations. Higher inflation continues to be led by rising food costs but the main reason behind last month’s rise was a 5.1% [...]

September 13, 2011 | 0 Comments More
UK factory output falls in June

UK factory output falls in June

The Office for National Statistics (ONS) has today revealed UK factory output fell by 0.4% in June after rising by 1.8% in May. The reading surprised economists who had expected a 0.2% rise. Meanwhile, the ONS said out of 13 categories in manufacturing, five increased and eight fell with the biggest falls in transport equipment, [...]

August 9, 2011 | 0 Comments More
Standard Chartered reports rise in H1 profits

Standard Chartered reports rise in H1 profits

London-based emerging markets bank, Standard Chartered, has today posted half-year pre-tax profits of $3.6 billion (£2.2 billion) – a rise of 17% compared with the same period a year ago. The figures represented its ninth consecutive first half of record profits and beat expectations of $3.47 billion. The bank, which has a strong presence in [...]

August 3, 2011 | 0 Comments More
Japan’s retail sales recover in June

Japan’s retail sales recover in June

July 28, 2011 | 0 Comments More
Nationwide: UK consumer confidence down in June

Nationwide: UK consumer confidence down in June

The latest survey from the Nationwide Building Society has revealed a fall in UK consumer confidence for the month of June. The building society’s consumer confidence index lost 4 points to 51 last month, which reverses some of the 11 point rise seen in May, which represented one of the largest gains on record. The [...]

July 21, 2011 | 0 Comments More
Citigroup Q2 profits surge 24%

Citigroup Q2 profits surge 24%

US banking giant Citigroup reported a 24% rise in second quarter profits as losses were reduced from bad loans. The bank, which is in the third largest in the US, reported net income of $3.34 billion (£2.07 billion) in the three month period to the end of June. The results beat market forecasts and represented [...]

July 18, 2011 | 0 Comments More
JP Morgan profits up 13%

JP Morgan profits up 13%

The US banking reporting season has got off to a good start today after JP Morgan reported a 13% increase in profits to $5.4 billion (£3.3 billion) – exceeding analysts’ expectations. Furthermore, revenues were 7% higher in the three months to the end of June at $27.4 billion. The good performance comes despite losses from [...]

July 14, 2011 | 0 Comments More
New Zealand economic growth beats expectations in Q1

New Zealand economic growth beats expectations in Q1

Official figures today revealed New Zealand’s economy surged in the January to March period despite the devastating earthquake which hit Christchurch, the country’s second largest city, on 22 February. The economy grew by 0.8% in the three month period – the fastest pace for over a year, according to Statistics New Zealand. The figure was [...]

July 14, 2011 | 0 Comments More
UK manufacturing output recovers in May

UK manufacturing output recovers in May

The Office for National Statistics (ONS) has today revealed UK industrial output grew at its fastest rate since March 2010 last month after plunging in April due to the Royal Wedding and the impact of Japan’s earthquake and tsunami, which disrupted the supply chain. April’s fall represented the biggest since August 2009. However, output rose [...]

July 7, 2011 | 0 Comments More
Euro zone retail sales fall in May

Euro zone retail sales fall in May

Retail sales in the 17-member euro zone fell in May as consumers cut back on spending in the face of higher inflation and rising unemployment. According to the European Union’s statistics, Eurostat, sales in the euro zone fell 1.1% in May on a monthly basis – the biggest fall since April 2010 – with the [...]

July 5, 2011 | 0 Comments More
BoE: Mortgage approvals remain weak in May

BoE: Mortgage approvals remain weak in May

The Bank of England has today revealed mortgage approvals remained weak in May. According to the Bank, there were 45,940 loans approved in the month – slightly higher than April’s 45,447 but lower than forecasts of a level of 46,100. Furthermore, May’s figure was lower than the average for the previous six months. Today’s figures [...]

June 29, 2011 | 0 Comments More
UK borrowing falls in May

UK borrowing falls in May

The Office for National Statistics (ONS) has today revealed UK public sector borrowing fell slightly last month. According to the ONS, public sector borrowing fell to £15.15 billion last month compared with £16.46 billion in May last year. The figure was lower than analysts’ expectations of £15.75 billion and was attributed to an increase in [...]

June 21, 2011 | 0 Comments More
DCLG: House prices rise 0.3% in February

DCLG: House prices rise 0.3% in February

Official data from the Department for Communities and Local Government (DCLG) today revealed UK house prices rose by 0.3% in February compared with January, with the average UK home costing £204,164. On an annual basis, house prices rose 0.7% - beating expectations for a 0.1% rise. The data from the DCLG is based on mortgage [...]

April 12, 2011 | 0 Comments More
UK construction activity eases in March

UK construction activity eases in March

The Chartered Institute of Purchasing and Supply (CIPS)/Markit construction purchasing managers’ index (PMI) has today revealed UK construction activity eased slightly in March. The PMI edged lower to 56.4 in March, from February’s 8-month high of 56.5 - albeit better than forecasts of 54.8. However, the index remains above the crucial 50 mark, which indicates [...]

April 4, 2011 | 0 Comments More
US Pending Home Sales Index up in February

US Pending Home Sales Index up in February

The National Association of Realtors (NAR) has announced its Pending Home Sales Index rose in February after two months of declines. The surprise rise comes after a series of gloomy reports for the US housing market. On a monthly basis, the index rose 2.1% to 90.8, confounding analysts expectations of a fall of 1%. On [...]

March 29, 2011 | 0 Comments More
Sainsbury’s hit by tough trading environment

Sainsbury’s hit by tough trading environment

March 23, 2011 | 0 Comments More
BBA: Mortgage approvals up 3% in February

BBA: Mortgage approvals up 3% in February

The British Bankers’ Association (BBA) has today revealed a slight rise in the number of new mortgages approved by the major banks in February. According to the BBA, the number of new mortgages approved in the month stood at 29,923 – marginally better than January’s level of 29,159, albeit lower than economists forecast of 29,350. [...]

March 23, 2011 | 0 Comments More
UK inflation surges to 4.4% in February

UK inflation surges to 4.4% in February

The Office for National Statistics (ONS) today announced Consumer Price Inflation (CPI) rose to an annual rate of 4.4% in February – the highest rate since October 2008. The latest figures mean inflation is still way above the target of 2% – where it has been for more than a year and exceeded economists expectations [...]

March 22, 2011 | 0 Comments More
UK manufacturing output recovers in January

UK manufacturing output recovers in January

The Office for National Statistics (ONS) has today revealed UK manufacturing output bounced back in January after December’s weather related fall. According to the ONS, manufacturing output rose 1% in January - its fastest monthly pace in 10 months. It also beat analysts expectations who forecast a rise of 0.8%. In the meantime, output was [...]

March 10, 2011 | 0 Comments More
South Korea industrial output hits 17-month high

South Korea industrial output hits 17-month high

Statistics Korea today said South Korea’s industrial output has expanded at its fastest pace since September 2009. Output grew by 4.6% in January compared with December, while on an annual basis, output grew by 13.7% - much higher than the 10.6% annual gain posted in December. The figures easily beat analysts expectations of a 1.4% [...]

March 3, 2011 | 0 Comments More