Japan’s industrial output recovered further last month after a record drop in March due to the earthquake and tsunami. Disruptions caused by the twin disasters resulted in carmakers being forced to halt production as a result of parts shortages. However, it looks as if the situation continues to improve after output rose by 0.8% last [...]
Inflation in the world’s second largest economy eased last month after reaching a 3-year high in July. According to the National Statistics Bureau, consumer prices rose by 6.2% in August on an annual basis, compared with 6.5% the previous month. Several other economies throughout the world are battling with higher inflation, particularly in Asia, which [...]
Japan’s industrial output recovered further last month after a record drop in March due to the earthquake and tsunami. Disruptions caused by the twin disasters resulted in carmakers being forced to halt production as a result of parts shortages. However, it looks as if the situation is improving for manufacturers after output rose at a [...]
Inflation in the world’s second largest economy reached the highest level in 34 months in May as food prices continue to rise. Consumer prices rose by 5.5% in May on an annual basis – higher than expectations of an annual rate of 5.3%. Food prices (the primary factor behind stubbornly high inflation) remain high, rising [...]
The Office for National Statistics has today revealed UK industrial output fell 1.7% in April – confounding expectations of a 0.1% rise. The fall was attributed to the extra bank holiday for the Royal Wedding and the impact of Japan’s earthquake and tsunami, which disrupted the supply chain. The fall represented the biggest since August [...]
Japan’s industrial output recovered slightly last month after a record drop in March due to the earthquake and tsunami. Government figures show factory output rose by 1% in April, however, this was lower than the 2% expected by analysts. Furthermore, it was 14% lower compared with April last year. However, according to analysts, today’s figures [...]
The Office for National Statistics (ONS) has today revealed UK manufacturing output grew 0.3% in March on a monthly basis – much less than the 0.8% rise expected by analysts. The figure follows February’s shock fall and analysts had expected output to rebound in March. The fall was attributed to the ongoing maintenance work on [...]
Japanese industrial output fell by 15.3% last month – the largest ever fall as disruptions in the supply chain brought the country’s car industry to a halt. The previous record was an 8.6% fall in February 2009 – at the time of the global financial crisis – and was far worse than forecasts of an [...]
As widely expected, the Bank of Japan (BoJ) has today left interest rates in the range of zero to 0.1%, in a bid to boost the economy following the twin disasters which hit the north-east part of the country last month. The country is battling to restore calm after an 8.9 magnitude earthquake and tsunami [...]
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% [...]
The Trade Ministry has today reported a further rise in Japanese industrial output. Output grew 2.4% in January on a monthly basis – its third consecutive rise and compares with a 3.3% increase in December. According to the Ministry, growth was fuelled by demand for transport equipment, machinery and metals. However, January’s figure was slightly [...]
The EU statistics office Eurostat has today revealed euro zone industrial output gained 0.7% in October, recovering from a 0.7% decline the previous month. On an annual basis, meanwhile, industrial output grew by 6.9%.However, both figures were less than a monthly increase of 1.3% and an annual increase of 7.6% forecast by economists. On an [...]
China’s National Bureau of Statistics (NBS) has revealed the consumer price index rose 5.1% in November on an annual basis – much faster than expected. It represented the fastest increase since July 2008 – when inflation exceeded the 6% mark. Inflation is still well in excess of the 3% target set by the Government. Last [...]
Figures published today revealed a slowdown in industrial output in India – which fell to a 16-month low. India’s statistics office said output grew 4.4% on an annualised basis in September – less than expected and down from August’s 6.9% growth. Federal finance minister, Pranab Mukherjee, described the industrial slowdown as a “matter of concern” [...]
Chinese inflation continued to increase in October, driven by higher food prices. According to the National Bureau of Statistics (NBS), the closely-watched consumer price index rose 4.4% in October, up from 3.6% in September. Not only was the rate higher than analysts had expected, it represented the fastest pace since September 2008 – at the [...]
The Ministry of Economy Trade and Industry has revealed Japanese industrial output fell in September – the fourth consecutive monthly fall. Figures show output fell 1.9% in September compared with the previous month – way below expectations of a 0.6% fall. However, the fall was attributed to the strong yen, which is weakening demand for [...]
The Ministry of Economy, Trade and Industry has today revealed Japan’s industrial output fell for the third month in a row in August, raising further fears about the strength of the economic recovery. Output fell 0.3% in August, way below analysts expectations of a 1.1% rise. The Ministry is forecasting production to fall 0.1% in [...]
The Office for National Statistics (ONS) has today revealed UK manufacturing output grew by 0.3% in July compared with June, recovering from a drop caused by an early start to oil rig maintenance in June. The figures, which were in line with expectations, meant the annual rise stood at 4.9% – the best annual gain [...]
The Office for National Statistics (ONS) today revealed UK industrial output fell unexpectedly in June. According to the ONS, output fell 0.5% on the month against forecasts of a 0.2% rise. However, the fall was attributed to a 6% decline in oil and gas output. Following the announcement, the pound lost fell half a cent [...]
M&S Money launches 3% cash ISA
M&S Money has launched an Advantage Cash ISA paying 3 per cent, and which allows transfers in from other ISAs. It can be opened with a minimum deposit of £100 lump sum followed by minimum monthly deposits of £25. The 3% rate is variable, but there is no short-term bonus so the return won’t plummet [...]
Google suspends UK Compare Mortgages site
Google has closed its UK mortgage comparison site which it launched in July last year, after it proved to be less popular than expected. Mortgage comparison sites are designed to allow visitors to compare mortgages quickly and easily without having to visit each lender’s individual site. Google was competing with several well-established comparison sites, including [...]
AA launches ‘black-box’ policy for young drivers
The AA is launching an innovative car insurance policy called Drivesafe which could help younger drivers save up to £850 a year. Younger drivers already pay substantially higher premiums than other motorists and these costs are increasing. A new study by Confused.com suggests insurance costs for younger driver have gone up by 5.7 per cent [...]
ATOL scheme updated to protect online bookers
ATOL, a financial protection scheme managed by the Civil Aviation Authority, is being extended to protect up to six million more holidays a year. The scheme ensures that holiday makers do not lose out financially if a travel company collapses, and that they are not stranded abroad. An increase in the number of holidays booked [...]
Home repossessions lowest for four years
The number of UK homes repossessed fell to 36,200 in 2011, significantly below the Council of Mortgage Lenders’ forecast of 40,000, and lower than 2010 when 37,100 homes were repossessed. With interest rates remaining low and lenders adopting a sympathetic attitude to customers in financial difficulty, repossessions fell to their lowest level since 2007. However, [...]
Monthly pay lasting just 17 days
Workers are running out of money just 17 days after receiving their monthly pay, according to new research by the Halifax bank. This means that the average UK worker spends half the month worrying about money. The study, based on the responses of more than 2,000 adults, found that 10 per cent of workers start [...]
Women disadvantaged by auto-enrolment changes
Government proposals to increase the auto-enrolment threshold to £10,000 could put 1.8 million women at risk of missing out on a pension, the TUC has warned. Under the auto-enrolment scheme, which will be phased in from October, private sector employers will automatically enrol workers between the age of 22 years and the state pension age, [...]
Emergency household repairs company Homeserve is taking longer than expected to get back on track after its operations were suspended last October. The company expected customer numbers to fall by 5% this year but it has increased this estimate to 8% and announced the loss of 200 jobs. It estimates that renewal revenue in 2013 [...]
Sale rumoured for Yorkshire and Clydesdale banks
There is growing speculation that National Australia Bank (NAB) may sell Yorkshire Bank and Clydesdale Bank after the Australian parent company announced a strategic review of the two banks’ operations. The Australian economy is performing well and NAB reported strong profits for the final quarter of 2011 but with the UK economy at a virtual [...]
More women experiencing debt difficulties
Women in Debt, which offers female-focused debt advice, has warned that the number of UK women facing serious debt has grown significantly over recent years. The organisation believes that more women will need advice on solving debt problems in the future because they are building up an unsustainable level of indebtedness. Women in Debt’s director, [...]
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