Tag: July

CML: Mortgage lending edges higher in July

CML: Mortgage lending edges higher in July

The Council of Mortgage Lenders (CML) has reported the number of loans for house purchase rose in July. According to the Council, there were 48,400 loans advanced for house purchase in the month – up by 1,000 from June’s figure but almost 7,000 lower when compared with July 2010. Commenting on today’s figures, Paul Smee, [...]

September 13, 2011 | 0 Comments More
Weak UK factory output suggests poor start to Q3

Weak UK factory output suggests poor start to Q3

The Office for National Statistics (ONS) has today revealed UK factory output shrank by 0.2% in July after a flat reading the previous month. The reading was worse than economists had expected and confirm weak prospects for the economy after the figures suggest a poor start to the third quarter. The fall was attributed to [...]

September 7, 2011 | 0 Comments More
BoE: Mortgage approvals hit 14-month high in July

BoE: Mortgage approvals hit 14-month high in July

The Bank of England has today revealed mortgage approvals picked up significantly in July to a 14-month high. According to the central Bank, there were 49,239 loans approved in the month – higher than the upwardly revised 48,500 for June and a significant improvement on April’s 45,855 which represented a four-month low. The figure was [...]

August 30, 2011 | 0 Comments More
US consumer spending up in July

US consumer spending up in July

Official figures have revealed a rise in consumer spending in the US for the month of July – boosted by an increase in car sales. According to the Commerce Department, sales rose by 0.8% in July compared with the previous month – the largest rise in five months and much better than the 0.5% gain [...]

August 30, 2011 | 0 Comments More
Land Registry reports 1.3% rise in July house prices

Land Registry reports 1.3% rise in July house prices

According to the Land Registry, house prices rose by 1.3% in July compared with June, putting the average cost of a home at £163,049 in England and Wales. On an annual basis, the Registry said prices are 2.1% lower. It must be noted that the Land Registry compiles its data from completed transactions and therefore [...]

August 30, 2011 | 0 Comments More
Consumer confidence slips

Consumer confidence slips

Consumer confidence slipped by two points in July, according to Nationwide’s index, returning to a level seen in the post-Christmas gloom of January. At 49 points, the lender’s main confidence index remains well below its long-run average of 79, and the building society is not expecting a substantial improvement during the remainder of this year. [...]

August 25, 2011 | 0 Comments More
Mortgage approvals nudge ahead

Mortgage approvals nudge ahead

The UK’s High Street banks approved 74,590 mortgages in July, with the figure up from 71,521 in June and ahead of the previous six-month average (69,803). According to the British Bankers’ Association (BBA) house purchase approvals came in at 33,417, activity having gathered pace since June (32,123) and exceeded the previous six-month average (30,695). At [...]

August 23, 2011 | 0 Comments More
LSL: Rents reach record high in July

LSL: Rents reach record high in July

A survey by LSL Property Services has revealed rents in England and Wales continue to surge, with the average rent hitting a record high last month. July represented the sixth consecutive month that the average rental cost rose. According to LSL, the average rent stands at £705 – an all-time high. However, rental costs vary [...]

August 19, 2011 | 0 Comments More
UK public sector borrowing lower than forecasts in July

UK public sector borrowing lower than forecasts in July

The Office for National Statistics (ONS) has today revealed UK public sector net borrowing fell last month. According to the ONS, public sector net borrowing came in at £20 million in July – down from £3.5 billion in the same month a year ago. The figure was much lower than analysts’ expectations and was boosted [...]

August 19, 2011 | 0 Comments More
ONS: UK retail sales grow just 0.2% in July

ONS: UK retail sales grow just 0.2% in July

The Office for National Statistics (ONS) has today revealed UK retail sales grew by just 0.2% last month – slightly less than the 0.3% expected by analysts. The slight gain was much slower than the 0.8% increase the previous month as households continue to be squeezed by higher inflation, rising unemployment and sluggish wage growth. [...]

August 18, 2011 | 0 Comments More
US inflation up on higher tobacco prices

US inflation up on higher tobacco prices

Figures from the US Labor Department have revealed US wholesale price inflation rose last month on the back of rising tobacco and light motor truck prices. According to the Labor Department, the cost of finished goods rose 0.2% in July, with fresh fruit, beef and veal all attributing to pushing up the rate of inflation. [...]

August 17, 2011 | 0 Comments More
Global food prices up 33% in July

Global food prices up 33% in July

A report by the World Bank has revealed food prices are up 33% in the year to July on the back of volatile oil costs. Crude oil prices are up 45% on the year (due to political unrest in the Middle East and North Africa) and this has affected production and transport costs, all contributing [...]

August 16, 2011 | 0 Comments More
UK inflation jumps to 4.4% in July

UK inflation jumps to 4.4% in July

The Office for National Statistics (ONS) today announced Consumer Price Inflation (CPI) rose to annual rate of 4.4% last month after easing to 4.2% in June. Analysts had expected the figure to rise slightly to 4.3%. Higher inflation continues to be led by rising food costs – which grew by 6.2% in July, while clothes [...]

August 16, 2011 | 0 Comments More
US retail sales up in July but confidence at 30-year low

US retail sales up in July but confidence at 30-year low

The Commerce Department has revealed a rise in US retail sales for the month of July. Sales grew 0.5% last month – the best reading since March and follows June’s upwardly revised figure of a 0.3% rise. The rise, which was better than forecasts of a 0.2% gain, was partly attributed to strong demand for [...]

August 13, 2011 | 0 Comments More
BAA reports 2.5% rise in July passenger numbers

BAA reports 2.5% rise in July passenger numbers

Airports operator BAA has today reported a rise in passenger numbers at its six British airports in July. BAA, which is majority-owned by Spain’s Ferrovial, said 11 million passengers flew from its UK airports during the month – a rise of 0.8% on an annual basis. Meanwhile, Heathrow, which is the UK’s main airport, saw [...]

August 11, 2011 | 0 Comments More
Australia’s jobless rate at eight-month high

Australia’s jobless rate at eight-month high

Figures today revealed Australia’s unemployment rate jumped to 5.1% in July – the highest rate since November 2010. The latest figures suggest the economy is struggling after being hit by flood and cyclone disasters earlier this year. Australia, dubbed the “wonder from Down Under”, is one of the few developed economies not to have fallen [...]

August 11, 2011 | 0 Comments More
China’s trade surplus reaches two-year high in July

China’s trade surplus reaches two-year high in July

August 10, 2011 | 0 Comments More
BRC: UK retail sales up 0.6% in July

BRC: UK retail sales up 0.6% in July

Retail sales rose in July but conditions remain challenging as households continue to be squeezed by higher inflation and rising unemployment. According to the British Retail Consortium (BRC)/KPMG retail sales monitor, like-for-like sales rose 0.6% last month on an annual basis. On a total basis, meanwhile, sales were 2.5% higher, against a 2.6% increase in [...]

August 9, 2011 | 0 Comments More
Rics: Housing market remains weak in July

Rics: Housing market remains weak in July

The Royal Institution of Chartered Surveyors (Rics) has today reported that the UK housing market remained weak in July with house prices falling further. According to the Institution, homeowners remain reluctant to put their properties up for sale, while buyers continue to struggle to secure a mortgage and remain uncertain about the economic climate. The [...]

August 9, 2011 | 0 Comments More
Halifax reports 0.3% rise in July house prices

Halifax reports 0.3% rise in July house prices

The Halifax has today revealed UK house prices rose by just 0.3% in July on a monthly basis – the third consecutive monthly rise. The latest rise takes the average cost of a UK home to £163,981, the Halifax said. However, on an annual basis, prices are 2.6% lower. When comparing prices in the three [...]

August 5, 2011 | 0 Comments More