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Tuesday 01st of February 2011

News Tag: month

January 27, 2011

Hometrack: House prices fall seventh consecutive month

by Kay Murchie
Hometrack: House prices fall seventh consecutive month
According to housing intelligence group, Hometrack, house prices in England and Wales fell for the seventh consecutive month in January. According to Hometrack, house prices fell by 0.5% on the month to £153,600. On an annual basis meanwhile, house prices were 2.2% lower in January. Hometrack believes that house prices will continue to fall, in light of the uncertainty regarding ...



January 25, 2011

US house prices continue to fall

by Kay Murchie
US house prices continue to fall
The Standard & Poor’s/Case-Shiller composite index of 20 metropolitan areas fell in November - the fifth consecutive monthly decline, albeit a smaller drop than expected. According to the index, house prices were 0.5% lower in November on the month and followed October’s decline of 1%. November’s level was just 1.2% higher than the 90-month low reported in May 2009. The US housing ...



January 21, 2011

CML: Mortgage lending down 18% on year in December

by Kay Murchie
CML: Mortgage lending down 18% on year in December
The Council of Mortgage Lenders (CML) has today reported mortgage lending remained weak in December. Mortgage lending fell by 6% in December compared with November, said the Council. According to the CML, mortgage lending totalled £11 billion - this was 18% lower compared with December 2009 - when buyers were rushing to beat the end of the stamp duty holiday. It ...



January 14, 2011

US retail sales rise in December

by Kay Murchie
”US
The Commerce Department has revealed US retail sales grew for the sixth consecutive month in December. Sales grew by 0.6% on the month - although this was less than the 0.8% expected by analysts. December's increase was less than in the previous two months, as retailers started their sales early, while parts of the country were hit by severe wintry weather which kept ...



December 24, 2010

US consumer spending rises for fifth consecutive month

by Kay Murchie
”US
According to the Commerce Department, consumer spending in the US rose 0.4% in November compared with the previous month. The rise represented the fifth consecutive monthly gain, raising hopes that the world’s largest economy is on the road to recovery. Consumer spending makes up for more than two-thirds of overall economic activity in the US and is therefore closely monitored. ...



November 29, 2010

Hometrack: House prices fall for fifth consecutive month in November

by Kay Murchie
Hometrack: House prices fall for fifth consecutive month in November
According to housing intelligence group, Hometrack, house prices in England and Wales fell for the fifth consecutive month in November. According to Hometrack, house prices fell by 0.8% on the month in November to £155,000. The ongoing fall in values continues to be the result of a higher level of instructions on the market and a lack of ...



October 31, 2010

Mortgage approvals continue to fall

by Kay Murchie
Mortgage approvals continue to fall
The Bank of England has revealed mortgage approvals fell for the fifth consecutive month in September. According to the Bank, there were 47,474 loans granted in the month - the lowest level since February. The figure continues to be well below the 60,000 reached in November 2009 as buyers took advantage of the stamp duty holiday, which prompted a rush to buy homes towards ...



October 20, 2010

September public borrowing rises to record high

by Kay Murchie
”September
The Office for National Statistics (ONS) has today revealed public sector net borrowing totalled £15.607 billion in September – its highest for the month of September since records began more than 17 years ago. The figure was also higher than the £14.2 billion economists had expected and compares with £14.806 billion a year earlier. Overall, public sector net debt stands at £952 ...



October 13, 2010

Japan core machinery orders in surprise rise

by Kay Murchie
Japan core machinery orders in surprise rise
Japanese core private-sector machinery orders – a highly volatile series seen as an indicator of corporate spending - surged 10.1% in August - confounding expectations of a 4.5% fall. The increase in orders represented the third consecutive monthly rise, according to the Cabinet Office, and follows June’s 1.6% increase and July’s 8.8% growth. The surprise figures boosted shares with Tokyo’s Nikkei ...



October 8, 2010

German exports fall for second consecutive month

by Kay Murchie
German exports fall for second consecutive month
Germany’s statistics office, Destatis, today revealed exports fell 0.4% in August compared with July to €81.8 billion (£71.7 billion). It was the second consecutive month in which exports dropped and could raise doubts about the strength of the recovery in the euro zone’s largest economy. Export demand helped to bring Germany out of recession in the second quarter of last year – ...



October 1, 2010

German retail sales see surprise fall in August

by Kay Murchie
German retail sales see surprise fall in August
Germany’s National statistics office, Destatis, today revealed a surprise fall in retail sales for the month of August. According to Destatis, retail sales in the euro zone’s largest economy fell 0.2% on the month - representing the second consecutive monthly fall, after July’s drop of 0.4%. The biggest falls were seen in food and drinks, which lost 2% on an annual ...



September 30, 2010

Japanese industrial output falls for third straight month

by Kay Murchie
Japanese industrial output falls for third straight month
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 September and 2.9% in October. The figures ...



September 20, 2010

Asking prices down for 3rd straight month, say Rightmove

by Kay Murchie
Asking prices down for 3rd straight month, say Rightmove
It appears the housing market is headed for a double dip after property website, Rightmove, reported a further fall in asking prices in September. According to Rightmove, asking prices for residential property in England and Wales fell by 1.1% in the 5 weeks to 11 September - the third consecutively monthly fall. It follows falls of 1.7% in August and ...



September 14, 2010

US retail sales rise in August

by Kay Murchie
”US
The Commerce Department has today announced a rise in US retail sales - the second consecutive monthly gain. Retail sales grew by 0.4% in August to a five-month high - better than analysts had expected. Sales were boosted by clothing and fuel. However, car sales fell 0.7% in the month after growing strongly over recent months. The figures will ease doubts that the ...



August 3, 2010

Australia continues to put brakes on rate hikes

by Kay Murchie
”Australia
The Reserve Bank of Australia (RBA) has again elected to leave interest rates on hold at 4.5% after a series of aggressive rate hikes since October. It is the third consecutive month in which rates have been at this level but economists say the central bank will only leave rates on hold for the short-term. Australia was the first economy ...



July 20, 2010

US consumer prices fall further in June

by Kay Murchie
”US
Official data from the Labor Department has today revealed that US consumer prices fell for the third consecutive month in June, by 0.1% on a monthly basis. The fall was attributed to declines in energy prices, which were down 2.9%, food prices remained flat. The fall in June followed declines of 0.1% and 0.2% in April and May respectively. However, last month’s fall ...



July 14, 2010

US retail sales fall in June

by Kay Murchie
”US
The Commerce Department today announced retail sales fell by 0.5% in June - the second consecutive monthly fall after a downwardly revised 1.1% fall in May. Sales were hit by a decline in sales of petrol and cars and were slightly worse than the 0.2% fall expected by analysts. Meanwhile, on an annual basis, sales were up 4.8%. The monthly figures will no ...



Euro zone industrial production increases for third straight month

by Kay Murchie
Euro zone industrial production increases for third straight month
Industrial production in the euro zone increased for the third month in a row in May. Industrial output rose by 0.9% from April and was 9.4% higher than in May 2009, according to European Union statistics agency Eurostat. However, the figures missed forecasts of a 1.3% monthly rise and an 11.3% annual gain. "May's euro zone industrial production data ...



June 2, 2010

US Pending Home Sales Index rises for third straight month

by Kay Murchie
US Pending Home Sales Index rises for third straight month
The National Association of Realtors (NAR) today said its Pending Home Sales Index rose for the third consecutive month in April boosted by the expiration of a Government tax credit. The NAR said the index rose 6% in April - far exceeding the 4.3% rise which many analysts had predicted. However, the index is 22.4% higher than in ...



March 29, 2010

US consumer spending up 0.3% in February

by Kay Murchie
”US
According to the Commerce Department, consumer spending in the US rose for a fifth consecutive month in February, by 0.3%, as widely expected. The rise in consumer spending, which makes up for more than two-thirds of overall economic activity in the US, followed a revised 0.4% rise in January. According to the data, consumers increased their spending on food and clothing, by ...



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