Tag: November

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 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 [...]

January 25, 2011 | 0 Comments More
CML: Mortgage lending remained subdued in November

CML: Mortgage lending remained subdued in November

The Council of Mortgage Lenders (CML) has today reported mortgage lending remained weak in November. However, the month is traditionally a quiet one as prospective buyers opt to wait until the New Year to purchase a home. The number of loans approved for those buying a new home remained flat at 44,000 during the month [...]

January 14, 2011 | 0 Comments More
UK trade deficit hits record high in November

UK trade deficit hits record high in November

The Office for National Statistics (ONS) has today revealed the UK’s trade deficit widened to a record high in November. According to the ONS, the goods trade gap widened to £8.736 billion in November from an upwardly revised £8.591 billion the previous month. This represented the biggest deficit since monthly records began more than 30 [...]

January 12, 2011 | 0 Comments More
Unemployment in OECD countries holds steady at 8.6%

Unemployment in OECD countries holds steady at 8.6%

Influential think tank, the Organisation for Economic Co-operation and Development (OECD), has today reported the number of unemployed in the 33-member OECD countries stood at 45.8 million in November. The figure was down 0.3 million from November 2009 but almost 16 million higher than in November 2007. The unemployment rate held steady at 8.6% in [...]

January 11, 2011 | 0 Comments More
BoE: Mortgage approvals pick up in November

BoE: Mortgage approvals pick up in November

The Bank of England has today revealed mortgage approvals picked up in November - surprising analysts. According to the Bank, there were 48,019 loans approved in the month, up from October’s 47,315 approvals. Not only did this represent the highest level since July, it confounded expectations of a level of 47,000. Meanwhile, approvals for remortgaging [...]

January 4, 2011 | 0 Comments More
Japanese factory output picks up, deflation worries continue

Japanese factory output picks up, deflation worries continue

Japan’s industrial production rose in November for the first time in six months, increasing by 1% on the previous month, boosted by higher car production. The rise was also attributed to Government incentive programmes and will undoubtedly ease concerns about the recovery of the world’s third largest economy. The figures, published by the Ministry of [...]

December 29, 2010 | 0 Comments More
US consumer spending rises for fifth consecutive month

US consumer spending rises for fifth consecutive month

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 [...]

December 24, 2010 | 0 Comments More
BBA: Mortgage approvals continue to fall

BBA: Mortgage approvals continue to fall

The British Bankers’ Association (BBA) has today revealed a further fall in the number of new mortgages approved by the major banks in November. According to the BBA, the number of new mortgages approved in the month fell to 29,991, down from 30,689 in October - representing a 20-month low. Net mortgage lending fell to [...]

December 23, 2010 | 0 Comments More
NAR reports rise in US homes sales in November

NAR reports rise in US homes sales in November

The National Association of Realtors (NAR) has today revealed sales of previously owned homes rose more than expected in November, offering hope that the housing market may slowly be recovering from its slump. The industry body said sales grew 5.6% to a seasonally adjusted annual unit rate of 4.68 million, up from October’s 4.43 million [...]

December 22, 2010 | 0 Comments More
Japan’s export growth improves in November

Japan’s export growth improves in November

Government data has today revealed Japanese exports picked up in November - for the first time since February. Exports grew 9.1% to 5.44 trillion yen in November on an annual basis, against the 7.8% reported in October. However, the figure was still short of expectations for a 10.8% gain. The improvement was attributed to strong [...]

December 22, 2010 | 0 Comments More
November public borrowing hits record high

November public borrowing hits record high

The Office for National Statistics (ONS) has today revealed public sector net borrowing totalled £23.3 billion in November – a record high for the month. Not only did it exceed the monthly record of £21.1 billion that was set in December 2009 - it represented the highest level since monthly records began in 1993. The [...]

December 21, 2010 | 0 Comments More
HMRC: House sales down in November

HMRC: House sales down in November

HM Revenue & Customs (HMRC) has revealed a slump in the number of homes sold in November in the UK. According to HMRC, 77,000 homes worth at least £40,000 or more were sold in the month - down from the 80,000 sold in October and 6,000 less than in November last year. The figures are [...]

December 21, 2010 | 0 Comments More
CML: Mortgage lending continues to fall

CML: Mortgage lending continues to fall

The Council of Mortgage Lenders (CML) has today reported mortgage lending remained weak in November. Mortgage lending last month fell by 5% when compared with October, said the Council. According to the CML, mortgage lending totalled £11.1 billion - lower than October’s £11.6 billion and the weakest monthly amount since April. CML chief economist Bob [...]

December 20, 2010 | 0 Comments More
UK consumer confidence plunges to 20-month low

UK consumer confidence plunges to 20-month low

The latest survey from the Nationwide Building Society has revealed a fall in UK consumer confidence for the month of November. The building society’s consumer confidence index plunged 7 points to 45 in November - this represents the lowest reading since March 2009 - when the UK was in the midst of recession. According to [...]

December 17, 2010 | 0 Comments More
UK retail sales slow in November

UK retail sales slow in November

The Office for National Statistics (ONS) has today reported UK retail sales rose 0.3% in November - albeit slower than the revised 0.7% in October. However, the figure was in line with expectations and was driven by sales of toys, sporting accessories and jewellery. Demand for clothing, footwear and households goods remained weak The ONS [...]

December 16, 2010 | 0 Comments More
Indian inflation rate falls in line with expectations

Indian inflation rate falls in line with expectations

Figures today revealed India’s wholesale price inflation rate fell last month to 7.48%, from 8.58% the previous month - in line with expectations of 7.50%, but still significantly above the central bank’s target of between 4% and 5%. The figures suggest the Reserve Bank of India (RBI) will keep interest rates on hold when it [...]

December 14, 2010 | 0 Comments More
US retail sales rise for fifth consecutive month

US retail sales rise for fifth consecutive month

The Commerce Department has revealed US retail sales grew for the fifth consecutive month in November. Sales grew by 0.8% - exceeding the 0.5% expected by economists and will boost hopes that the economic recovery picked up pace in the final quarter of the year. High unemployment remains a major concern in the world’s largest [...]

December 14, 2010 | 0 Comments More
UK inflation rises to 6-month high in November

UK inflation rises to 6-month high in November

The Office for National Statistics (ONS) has today announced Consumer Price Inflation (CPI) rose to an annual rate of 3.3% in November, up from 3.2% in October. The latest figure represents the highest since May and inflation has now been above the target of 2% for a year. Meanwhile, toady’s figure surprised analysts who had [...]

December 14, 2010 | 0 Comments More
Scottish manufacturers see strong rise in production

Scottish manufacturers see strong rise in production

Official figures revealed Scotland’s manufacturing sector grew in November at its fastest rate since August. The rise was attributed to a strong rise in new export orders for Scottish manufacturers, the Bank of Scotland’s Purchasing Managers’ Index (PMI) revealed today, boosted by demand from China and the US. The Bank of Scotland’s chief economist, Donald [...]

December 13, 2010 | 0 Comments More