News Tag: June
August 24, 2009
There are tentative signs that the manufacturing sector in the euro zone may be emerging from recession after a rise in industrial orders has been reported for the month of June.
According to Eurostat, the European statistics agency, new orders (a key indicator of industry’s future growth) rose by 3.1% during the month when compared with May.
Increases were seen in both ...
Euro zone sees rise in industrial orders
by Kay Murchie
August 11, 2009
The Council of Mortgage Lenders (CML) has today revealed that the number of mortgages approved for house purchase soared 23% in June, compared with May.
The rise is the fifth consecutive monthly increase and represents the highest level for a year.
According to the CML, 45,000 home loans were granted during the month - just 6% lower than June 2008 ...
CML reports 23% rise in mortgage approvals for June
by Kay Murchie
August 10, 2009
Figures show that Japanese core machinery orders (a highly volatile series seen as an indicator of corporate spending) rose 9.7% in June compared with the previous month.
The rise represents the biggest gain in four months and was more than treble the 2.9% analysts had forecast.
However, despite the positive data, a survey of manufacturers suggested a pessimistic outlook ahead.
The survey, ...
Japanese manufacturers pessimistic but machinery orders rise
by Kay Murchie
August 7, 2009
Exports in Europe’s largest economy surged 7% in June - the fastest pace in almost three years, suggesting that Germany is emerging from its worst recession since World War II.
The economy shrank by 3.8% in the first quarter of the year (the most since reunification in 1990), weighed down by a slump in demand for exports. For the ...
Tentative signs of recovery in Germany as exports surge
by Kay Murchie
August 3, 2009
The unemployment rate in the euro zone hit 9.4% in June - the highest in a decade after the number of jobless rose by 158,000 during the month, bringing the total jobless number using the single currency bloc to 14.9 million.
According to Eurostat, the unemployment rate was 7.5% this time last year, showing the impact the economic downturn is having ...
Euro zone unemployment rate hits 9.4%
by Kay Murchie
German retail sales fall in June
by Kay Murchie
July 29, 2009
New figures from the Bank of England show the number of mortgages approved for house purchases increasing to 47,584 in June, up from 44,169 in May and reaching their highest level since April 2008.
However, over the six months to the end of June, new home loan approvals were down 36% on the same period of 2008.
Last month also saw the number of ...
Rise in new mortgage approvals
by Gill Montia
July 28, 2009
Monthly figures from the Land Registry show house prices in England and Wales rising in June, for the first time since January 2008.
The average cost of a home jumped 0.1% compared with May, to £153,046.
However, the increase leaves prices 14% lower than a year earlier and the Registry cautions that the size of the June movement "does ...
Land Registry detects 0.1% jump in house prices
by Gill Montia
Housing market strengthens in South East
by Gill Montia
July 24, 2009
According to the Office for National Statistics (ONS), shoppers came back to the High Street in their droves in June with sales up 1.2% from the previous month.
The heatwave and early summer sales during the month boosted clothing purchases and exceeded analysts expectations who were expecting a 0.3% rise after sales had declined 0.9% in May.
The annual increase was ...
ONS reveals big rise in June retail sales
by Kay Murchie
July 23, 2009
Latest figures from the British Bankers' Association show a "modest" increase in net mortgage lending.
UK banks lent a net £2.6 billion in June, compared with £2.4 billion in May and a previous six month average of £3.1 billion.
In terms of volumes, last month saw 35,235 loans approved for house purchases, up from 31,919 in May and compared with a previous six month ...
Mortgage lending shows modest increase
by Gill Montia
Fixed rate popularity sees June peak
by Gill Montia
July 20, 2009
The Council of Mortgage Lenders has reported a 17% increase in gross mortgage lending for June.
The figure rose to an estimated £12.3 billion, up from £10.5 billion in May but still registering a 48% decline on June 2008, when gross lending stood at £23.8 billion.
On a quarterly basis, gross lending in the three months to the end of June ...
Gross mortgage lending shows seasonal surge
by Gill Montia
July 15, 2009
In his latest quarterly review, Property Ombudsman Christopher Hamer has reported a fall of 30% in enquiries regarding house sales while lettings enquiries rose an annual 44%, reflecting the switch in emphasis in the property market slowdown.
At the end of June, around 10,400 estate agents offices were registered under the Ombudsman's code of practice and of the 1,076 ...
Property Ombudsman sends warning shot over estate agents’ fees
by Gill Montia
July 14, 2009
The Royal Institution of Chartered Surveyors (Rics) has reported a positive change in house price expectations for the first time since May 2007.
In its June survey of members, the net balance of surveyors reporting falling rather than rising prices improved from -43.8 in May to –18.1.
The Institution points out that although the balance remains negative, the reading is at its best ...
More surveyors report rising prices
by Gill Montia
US retail sales up for second straight month
by Kay Murchie
UK retail sales benefit from heatwave
by Kay Murchie
July 13, 2009
The world’s no.2 economy received a boost today with the news of a rise in Japanese consumer confidence in June.
The Government said Japan's consumer sentiment index reached its highest level since December 2007 and represents the sixth consecutive monthly rise. The index rose to 37.6, up from 35.7 in May.
However, there are still fears for the economy ...
Japanese consumer sentiment up but fears remain for economy
by Kay Murchie
Vendors achieve over 98% of asking prices
by Gill Montia
July 10, 2009
The Office for National Statistics has today revealed that the cost of goods leaving UK factories fell at the sharpest pace in 8 years in June due to a slump in demand.
Output prices fell by a larger than expected 1.2%, quadruple the 0.3% decline recorded in the year to May and puts further downward pressure on inflation.
Analysts had forecast ...
Factory prices in steepest fall since 2001
by Kay Murchie
