News Tag: November

January 26, 2010

US house prices rise, consumer confidence up

by Kay Murchie

The US economy experienced two sets of positive economic data today. Firstly, the Standard & Poor’s/Case-Shiller composite index of 20 metropolitan areas rose for the sixth consecutive month in November. According to the index, house prices were 0.2% higher compared with the October. Meanwhile, on an annual basis, the 20-city index was 5.3% down compared with November 2008. David Blitzer, chairman of ...

January 13, 2010

UK industrial output beats expectations in November

by Kay Murchie

The Office for National Statistics (ONS) has today revealed a rise in UK industrial production for the month of November. The official data showed that output rose by 0.4% in November compared with October and was slightly higher than analysts expectations of a 0.3% rise. The figures will boost hopes that the UK emerged from its worst recession in decades in the ...

January 12, 2010

US impresses with gains in imports and exports

by Kay Murchie

Figures released by the Commerce Department today revealed a rise in US imports in November, rising to $174.6 billion from $170.2 billion the previous month - a rise of 2.6%. The surge in imports to the US reflected an increase in demand for industrial materials and consumer goods. Meanwhile, exports totalled $138.2 billion - a rise of 0.9% on ...

UK exports jump in November, boost hopes of end to recession

by Kay Murchie

Further good news for the UK economy emerged today after the Office for National Statistics (ONS) said exports in November soared to £20.2 billion - the highest since October 2008. The rise was fuelled by sales of consumer goods and chemicals, according to the ONS. The ONS said that Britain’s global goods trade gap narrowed from £7 billion ...

January 8, 2010

German exports rise 1.6% in November

by Kay Murchie

Germany, which is Europe’s largest economy, saw exports rise for the third consecutive month in November. Exports, on a seasonally adjusted basis, totalled €70.6 billion (£63 billion) during the month - an increase of 1.6% compared with the previous month. The monthly gain was double economists' forecasts of a 0.8% rise and followed gains of 1.9% in October and 3.% in September. The ...

January 5, 2010

US Pending Home Sales Index falls sharply in November

by Kay Murchie

The National Association of Realtors (NAR) today said its Pending Home Sales Index fell sharply by 16% in November to 96.0 from 114.1 in October, ending a nine-month rise. The NAR attributed the fall on the end of a rush to beat the original expiration of the $8,000 tax credit for first-time buyers. The tax credit had been due ...

January 4, 2010

Savings continue to fall as consumers opt to repay debt

by Kay Murchie

Figures published today show that people in the UK continue to repay debt as the incentive to save remains low in the current historically low interest rate environment. According to the Building Societies Association (BSA), its members withdrew more money than they saved for the ninth consecutive month in November. The BSA said there was a net withdrawal of ...

December 30, 2009

Official: house prices rise for six consecutive months

by Gill Montia

Land Registry data for November show the average house price in England and Wales rising for the sixth consecutive month, to £161,554. The value of a typical home increased 0.9%, taking the annual decline to just 0.3%, or £8,800 above its April nadir. Wales experienced the greatest monthly rise with a positive movement of 2.9%. However, London continued to lead the way ...

December 29, 2009

Japanese factory output exceeds expectations

by Kay Murchie

Official figures published yesterday revealed Japan's factory output rose for the ninth consecutive month in November. Factory output was up by 2.6% in the month and was slightly above analysts expectations of a 2.5% rise. The rise extended the longest unbroken growth since a 12-month rise to March 1997 and was attributed to growing overseas demand for Japanese goods. However, there was a ...

December 24, 2009

US consumer spending up 0.5% in November

by Kay Murchie

According to the Commerce Department, US consumer spending rose 0.5% in November after a 0.6% rise in October. The rise in consumer spending, which makes up for more than two-thirds of overall economic activity in the US, was slightly under analysts expectations of 0.7%. Analysts had expected a higher jump in spending amid the Thanksgiving holiday and the build up to the ...

December 23, 2009

US new home sales fall in November

by Kay Murchie

There were concerns over a recovery in the US housing market today after the Commerce Department revealed a fall in sales of new homes for the month of November. According to the Commerce Department, new single-family home sales dived by 11.3% to a seasonally adjusted annual rate of 355,000 units, down from a revised 400,000 in the previous month and represented ...

New mortgage lending continues recovery

by Gill Montia

Gross mortgage lending in November showed a slight monthly rise, according to the British Bankers' Association (BBA). The figure stood £9.2 billion but was still 12% down on a year earlier. However, banks approved £6.6 billion in house purchase loans, up from £6.1 billion in October and a 200% increase on November of last year. In terms of volume, house purchase approvals nudged up from ...

December 22, 2009

House sales hold steady as RICS forecasts 2010 price rises

by Gill Montia

New figures from HM Revenue & Customs (HMRC) show the number of homes sold in the UK falling to 87,000 in November, compared with 90,000 in October. However, last month's total for properties worth £40,000 and above is the second-highest so far in 2009, and the dip still leaves completed transactions at over twice the 41,000 low recorded ...

US economic growth figures revised downwards

by Kay Murchie

The Commerce Department today revealed that the world’s no.1 economy grew at a slower rate in the third quarter than previous estimates showed. According to official figures, the US economy grew by 2.2% between the July and September period, rather than the 2.8% previously reported and the original estimate of 3.5%. The figures come on the same day that the Office for National ...

December 18, 2009

UK’s public sector borrowing continues to soar

by Kay Murchie

The Office for National Statistics (ONS) has today revealed that the UK’s public sector net borrowing hit a record high of £20.3 billion in November. While the figure was less than the £23 billion analysts had expected, it was still the highest for any month since the ONS began gathering data over 16 years ago. Overall debt now stands at £844.5 ...

UK car production up 15.7% on year

by Kay Murchie

Figures published today by the Society of Motor Manufacturers and Traders (SMMT) revealed a rise in UK car production. Car output rose 15.7% in November compared with a year earlier - the first time car output rose since September 2008. According to the SMMT, there were 112,948 cars made in November and so far this year, 914,117 cars have been produced ...

Gross mortgage lending slumps in November

by Gill Montia

Gross mortgage lending fell to an estimated £12 billion in November, the Council of Mortgage Lenders (CML) has reported. The total represents a 10% decline from £13.3 billion in October and is 14% below the gross figure for November 2008. The lenders' body suggests a modest seasonal decline between October and November is typical, but concedes that a 10% fall is "a ...

First-time buyers withdraw as stamp duty threshold reverts

by Gill Montia

First-time buyers were in short supply during November, according to the National Association of Estate Agents (NAEA). Figures from the body show only 19% of house sales involved those getting a foot on the property ladder, a substantial drop from a May peak of 45%. The proportion is also at its lowest since December 2008, when 11% of transactions involved first-time ...

December 17, 2009

UK retail sales in unexpected fall in November

by Kay Murchie

The Office of National Statistics (ONS) has today revealed a fall in UK retail sales for the month of November. There were hopes that November would see early Christmas shoppers flooding the High Street but according to the ONS, sales volumes fell by 0.3% compared with October, less than analysts forecasts of a 0.4% rise. On an annual basis, sales were ...

December 16, 2009

RICS: House prices continue to rise

by Gill Montia

In its November 2009 Housing Market Survey, the Royal Institution of Chartered Surveyors (RICS) reports that prices continue to rise, despite a modest increase in the number of properties coming up for sale. According to the research, a net balance of 35% of chartered surveyors agreed that prices were increasing, up from 34% in October. In addition, more RICS members reported a rise, ...


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FM News: Banking News Insurance News Property News Mortgage News Economy News Investment News Credit Card News Debt News Loan News Pension News FM Main: FM Home Finance News Finance forums Finance Blog	News Tag: November January 26, 2010 US house prices rise, consumer confidence up by Kay Murchie The US economy experienced two sets of positive economic data today. Firstly, the Standard & Poor’s/Case-Shiller composite index of 20 metropolitan areas rose for the sixth consecutive month in November. According to the index, house prices were 0.2% higher compared with the October. Meanwhile, on an annual basis, the 20-city index was 5.3% down compared with November 2008. David Blitzer, chairman of ... January 13, 2010 UK industrial output beats expectations in November by Kay Murchie The Office for National Statistics (ONS) has today revealed a rise in UK industrial production for the month of November. The official data showed that output rose by 0.4% in November compared with October and was slightly higher than analysts expectations of a 0.3% rise. The figures will boost hopes that the UK emerged from its worst recession in decades in the ... January 12, 2010 US impresses with gains in imports and exports by Kay Murchie Figures released by the Commerce Department today revealed a rise in US imports in November, rising to $174.6 billion from $170.2 billion the previous month - a rise of 2.6%. The surge in imports to the US reflected an increase in demand for industrial materials and consumer goods. Meanwhile, exports totalled $138.2 billion - a rise of 0.9% on ... UK exports jump in November, boost hopes of end to recession by Kay Murchie Further good news for the UK economy emerged today after the Office for National Statistics (ONS) said exports in November soared to £20.2 billion - the highest since October 2008. The rise was fuelled by sales of consumer goods and chemicals, according to the ONS. The ONS said that Britain’s global goods trade gap narrowed from £7 billion ... January 8, 2010 German exports rise 1.6% in November by Kay Murchie Germany, which is Europe’s largest economy, saw exports rise for the third consecutive month in November. Exports, on a seasonally adjusted basis, totalled €70.6 billion (£63 billion) during the month - an increase of 1.6% compared with the previous month. The monthly gain was double economists' forecasts of a 0.8% rise and followed gains of 1.9% in October and 3.% in September. The ... January 5, 2010 US Pending Home Sales Index falls sharply in November by Kay Murchie The National Association of Realtors (NAR) today said its Pending Home Sales Index fell sharply by 16% in November to 96.0 from 114.1 in October, ending a nine-month rise. The NAR attributed the fall on the end of a rush to beat the original expiration of the $8,000 tax credit for first-time buyers. The tax credit had been due ... January 4, 2010 Savings continue to fall as consumers opt to repay debt by Kay Murchie Figures published today show that people in the UK continue to repay debt as the incentive to save remains low in the current historically low interest rate environment. According to the Building Societies Association (BSA), its members withdrew more money than they saved for the ninth consecutive month in November. The BSA said there was a net withdrawal of ... December 30, 2009 Official: house prices rise for six consecutive months by Gill Montia Land Registry data for November show the average house price in England and Wales rising for the sixth consecutive month, to £161,554. The value of a typical home increased 0.9%, taking the annual decline to just 0.3%, or £8,800 above its April nadir. Wales experienced the greatest monthly rise with a positive movement of 2.9%. However, London continued to lead the way ... December 29, 2009 Japanese factory output exceeds expectations by Kay Murchie Official figures published yesterday revealed Japan's factory output rose for the ninth consecutive month in November. Factory output was up by 2.6% in the month and was slightly above analysts expectations of a 2.5% rise. The rise extended the longest unbroken growth since a 12-month rise to March 1997 and was attributed to growing overseas demand for Japanese goods. However, there was a ... December 24, 2009 US consumer spending up 0.5% in November by Kay Murchie According to the Commerce Department, US consumer spending rose 0.5% in November after a 0.6% rise in October. The rise in consumer spending, which makes up for more than two-thirds of overall economic activity in the US, was slightly under analysts expectations of 0.7%. Analysts had expected a higher jump in spending amid the Thanksgiving holiday and the build up to the ... December 23, 2009 US new home sales fall in November by Kay Murchie There were concerns over a recovery in the US housing market today after the Commerce Department revealed a fall in sales of new homes for the month of November. According to the Commerce Department, new single-family home sales dived by 11.3% to a seasonally adjusted annual rate of 355,000 units, down from a revised 400,000 in the previous month and represented ... New mortgage lending continues recovery by Gill Montia Gross mortgage lending in November showed a slight monthly rise, according to the British Bankers' Association (BBA). The figure stood £9.2 billion but was still 12% down on a year earlier. However, banks approved £6.6 billion in house purchase loans, up from £6.1 billion in October and a 200% increase on November of last year. In terms of volume, house purchase approvals nudged up from ... December 22, 2009 House sales hold steady as RICS forecasts 2010 price rises by Gill Montia New figures from HM Revenue & Customs (HMRC) show the number of homes sold in the UK falling to 87,000 in November, compared with 90,000 in October. However, last month's total for properties worth £40,000 and above is the second-highest so far in 2009, and the dip still leaves completed transactions at over twice the 41,000 low recorded ... US economic growth figures revised downwards by Kay Murchie The Commerce Department today revealed that the world’s no.1 economy grew at a slower rate in the third quarter than previous estimates showed. According to official figures, the US economy grew by 2.2% between the July and September period, rather than the 2.8% previously reported and the original estimate of 3.5%. The figures come on the same day that the Office for National ... December 18, 2009 UK’s public sector borrowing continues to soar by Kay Murchie The Office for National Statistics (ONS) has today revealed that the UK’s public sector net borrowing hit a record high of £20.3 billion in November. While the figure was less than the £23 billion analysts had expected, it was still the highest for any month since the ONS began gathering data over 16 years ago. Overall debt now stands at £844.5 ... UK car production up 15.7% on year by Kay Murchie Figures published today by the Society of Motor Manufacturers and Traders (SMMT) revealed a rise in UK car production. Car output rose 15.7% in November compared with a year earlier - the first time car output rose since September 2008. According to the SMMT, there were 112,948 cars made in November and so far this year, 914,117 cars have been produced ... Gross mortgage lending slumps in November by Gill Montia Gross mortgage lending fell to an estimated £12 billion in November, the Council of Mortgage Lenders (CML) has reported. The total represents a 10% decline from £13.3 billion in October and is 14% below the gross figure for November 2008. The lenders' body suggests a modest seasonal decline between October and November is typical, but concedes that a 10% fall is "a ... First-time buyers withdraw as stamp duty threshold reverts by Gill Montia First-time buyers were in short supply during November, according to the National Association of Estate Agents (NAEA). Figures from the body show only 19% of house sales involved those getting a foot on the property ladder, a substantial drop from a May peak of 45%. The proportion is also at its lowest since December 2008, when 11% of transactions involved first-time ... December 17, 2009 UK retail sales in unexpected fall in November by Kay Murchie The Office of National Statistics (ONS) has today revealed a fall in UK retail sales for the month of November. There were hopes that November would see early Christmas shoppers flooding the High Street but according to the ONS, sales volumes fell by 0.3% compared with October, less than analysts forecasts of a 0.4% rise. On an annual basis, sales were ... December 16, 2009 RICS: House prices continue to rise by Gill Montia In its November 2009 Housing Market Survey, the Royal Institution of Chartered Surveyors (RICS) reports that prices continue to rise, despite a modest increase in the number of properties coming up for sale. According to the research, a net balance of 35% of chartered surveyors agreed that prices were increasing, up from 34% in October. In addition, more RICS members reported a rise, ... 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