Tag: January

US house prices continue to fall

US house prices continue to fall

The Standard & Poor’s/Case-Shiller composite index of 20 metropolitan areas fell in January – the seventh consecutive monthly decline. According to the index, house prices were 0.2% lower in January with prices at their lowest for 11 years in four cities. The S&P/Case-Shiller index for 20 main US cities fell by 3.1% on an annual [...]

March 29, 2011 | 0 Comments More
DCLG: House prices fall 1.4% in January

DCLG: House prices fall 1.4% in January

Official data from the Department for Communities and Local Government (DCLG) today revealed UK house prices fell by 1.4% in January compared with December, with the average UK home costing £208,552. On an annual basis, house prices are now 0.5% lower - compared with 3.8% in December - the eighth month in a row in [...]

March 15, 2011 | 0 Comments More
CML: Mortgage lending down 29% in January

CML: Mortgage lending down 29% in January

The Council of Mortgage Lenders (CML) has today reported mortgage lending plunged in January. Mortgage lending fell by 29% in January on a monthly basis, while lending was also 12% down on the year. There were just 28,500 approvals during the month - the lowest level since February 2009. The Council highlights that traditionally December [...]

March 11, 2011 | 0 Comments More
US trade deficit widens in January

US trade deficit widens in January

The US trade deficit swelled in January to a seven month high of $46.3 billion (£28.8 billion) - much higher than expected. The widening was attributed to higher prices for imported oil, the Commerce Department reported today. Imports continued to surge - rising for the fourth consecutive month in January by 5.2% on a monthly [...]

March 10, 2011 | 0 Comments More
German trade surplus narrows in January

German trade surplus narrows in January

Statistics office Destatis has today revealed German exports unexpectedly fell 1% in January on the month after a 0.5% rise in December. However, on an annual basis, exports were up 24.2%. Germany is the world’s second largest exporter after China and export demand helped to bring Germany out of recession in the second quarter of [...]

March 10, 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
UK trade gap narrows more than expected in January

UK trade gap narrows more than expected in January

The Office for National Statistics (ONS) has today revealed the UK’s trade deficit narrowed more than expected in January, as exports surged. According to the ONS, the global goods trade gap narrowed to £7.09 billion in the month from £9.69 billion in December. The deficit represents the smallest in almost a year and economists had [...]

March 9, 2011 | 0 Comments More
Japan core machinery orders surge in January

Japan core machinery orders surge in January

Japanese core private-sector machinery orders – a highly volatile series seen as an indicator of corporate spending – rose 4.2% in January on a monthly basis - easily beating expectations of a 3.1% increase. The increase in orders represented the second consecutive monthly rise, according to the Cabinet Office, and follows December’s 1.7% rise and [...]

March 9, 2011 | 0 Comments More
German retail sales up second month in a row

German retail sales up second month in a row

Federal Statistical Office, Destatis, has today revealed German retail sales grew for a second consecutive month in January. According to Destatis, retail sales rose 2.6% in January on an annual basis - boosted by falling unemployment. Earlier this week, the Federal Labour Office said there was a further fall in the number of people out [...]

March 3, 2011 | 0 Comments More
BoE: Mortgage approvals pick up in January

BoE: Mortgage approvals pick up in January

The Bank of England has today revealed mortgage approvals rose in January. According to the Bank, there were 45,723 loans approved in the month, up from December’s 42,719 - a month when the country was hit by the coldest weather in more than a century. The level of approvals easily beat analysts forecasts of a [...]

March 1, 2011 | 0 Comments More
US Pending Home Sales Index falls in January

US Pending Home Sales Index falls in January

The National Association of Realtors (NAR) today said its Pending Home Sales Index fell in January. On a monthly basis, the index fell to 88.9, from a downwardly revised 91.5 in the previous month and was lower than the reading of 89.5 expected by economists. The data reflects contracts and not closings, which normally occur [...]

February 28, 2011 | 0 Comments More
US consumer spending slows in January

US consumer spending slows in January

The Commerce Department has reported a further rise in consumer spending in the US for the month of January, albeit slower than expected. Spending grew 0.2% in the month after rising by 0.5% in December. While it represented the seventh consecutive monthly rise, it was the weakest pace since June. Consumer spending is closely monitored [...]

February 28, 2011 | 0 Comments More
Euro zone inflation reaches 2.3% in January

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 [...]

February 28, 2011 | 0 Comments More
Land Registry reports 0.2% rise in January house prices

Land Registry reports 0.2% rise in January house prices

According to the Land Registry, house prices rose by 0.2% in January compared with December, putting the average cost of a home at £163,177 in England and Wales. However, on an annual basis, the Registry said prices fell 0.9% in January - the first negative reading since October 2009. It must be noted that the [...]

February 28, 2011 | 0 Comments More
Japanese industrial output up 2.4% in January

Japanese industrial output up 2.4% in January

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 [...]

February 28, 2011 | 0 Comments More
US new home sales in sharp decline in January

US new home sales in sharp decline in January

The Commerce Department has today revealed a sharp fall in sales of new homes in the US for the month of January. According to the Commerce Department, new single-family home sales fell 12.6% on a monthly basis to an annual rate of 248,000 units. On an annual basis, January sales were down 18.6%. However, the [...]

February 24, 2011 | 0 Comments More
NAR reports rise in US homes sales in January

NAR reports rise in US homes sales in January

The National Association of Realtors (NAR) has revealed sales of previously owned homes in the US rose in January. The industry body said sales grew 2.7% in January to a seasonally adjusted annual rate of 5.36 million units – beating forecasts of 5.23 million units. Sales were also up 5.3% compared with January 2010 levels. [...]

February 24, 2011 | 0 Comments More
HMRC: House sales slump in January

HMRC: House sales slump in January

HM Revenue & Customs (HMRC) has revealed a slump in the number of homes sold in January in the UK. According to HMRC, just 54,000 homes worth at least £40,000 or more were sold in the month – the lowest number since January 2010. The figures are revealed as the British Bankers’ Association (BBA) reported [...]

February 23, 2011 | 0 Comments More
BBA: Mortgage approvals down 29% on year in January

BBA: Mortgage approvals down 29% on year in January

The British Bankers’ Association (BBA) has today revealed a further fall in the number of new mortgages approved by the major banks in January. According to the BBA, the number of new mortgages approved in the month stood at 28,932 - marginally better than December’s levels but 29% lower compared with January 2010. The figures [...]

February 23, 2011 | 0 Comments More
UK public sector finances see surplus in January

UK public sector finances see surplus in January

The Office for National Statistics (ONS) has today revealed UK public sector net borrowing switched to a surplus in January - boosted by a sharp increase in income tax receipts and corporation tax inflows. According to the ONS, public sector net borrowing registered a surplus of £3.735 billion - representing the biggest surplus since July [...]

February 22, 2011 | 0 Comments More