News Tag: October
December 29, 2009
The Standard & Poor’s/Case-Shiller composite index of 20 metropolitan areas remained flat in October after rising by a revised 0.4% the previous month.
The latest figures dashed hopes of a sixth consecutive monthly increase and fell short of analysts expectations who had hoped for a 0.2% rise.
Meanwhile, on an annual basis, the 20-city index was 7.3% down compared with a year ago. ...
US house prices flat in October
by Kay Murchie
December 10, 2009
There was further bad news for the world’s second largest economy today after it was revealed that Japanese core machinery orders (a highly volatile series seen as an indicator of corporate spending) fell more than expected in October.
Official figures revealed Japanese machinery orders fell by 4.5% in October compared with the previous month, analysts had expected a fall of 4.3%.
The ...
Japanese machinery orders decline in October
by Kay Murchie
House purchase loans at highest level for two years
by Gill Montia
December 8, 2009
The Office for National Statistics (ONS) has today revealed that UK industrial output showed no change in October from September - suggesting the economy made a poor start to the final quarter of the year.
The data has disappointed analysts who had predicted an increase.
According to Ross Walker from RBS, the recovery was "lagging" and "things are getting ...
Fears over economy as UK industrial output shows no growth
by Kay Murchie
December 7, 2009
The Economy Ministry in Berlin has today revealed a fall in German factory orders for the month of October.
The monthly fall of 2.1% was the first in eight months and came as a surprise after analysts had expected the recent rise in orders to continue.
The fall was led by a slump in export demand. Germany is Europe's largest ...
German factory orders see unexpected fall in October
by Kay Murchie
November 30, 2009
Figures from the Building Societies Association (BSA) have revealed that consumers are opting to repay debt rather than save amid the historically low interest rate environment.
According to the BSA, savings balances held by building societies fell by £-929 million in October compared to an increase of £545 million a year ago, when interest rates stood at 4.5%.
Excluding any ...
Savings down as consumers opt to repay debt
by Kay Murchie
November 25, 2009
US consumer spending, which accounts for more than two-thirds of overall economic activity in the US, rose by 0.7% in October compared with September.
The figures from the Commerce Department were more than the 0.5% rise expected by analysts and boosted hopes for a strong recovery.
According to the Commerce Department, consumers increased their spending during the month on both durable manufactured goods, ...
US consumer spending rises in October
by Kay Murchie
Japan continues recovery as exports pick up
by Kay Murchie
November 24, 2009
Britain's High Street banks approved more new mortgages and loans for house purchases in October, with the figure nudging up from 42,073 in September, to 42,238
According to the British Bankers' Association (BBA), the improvement reflects continued growth from the low levels seen at the end of last year.
BBA statistics director, David Dooks, says of the latest data: "The banks' ...
Banks nudge up new mortgage lending
by Gill Montia
November 23, 2009
The National Association of Realtors has revealed a rise in sales of previously owned homes in the US for the month of October.
The industry body said sales surged 10.1% to an annual rate of 6.1 million units in October, up from a revised 5.54 million the previous month.
Not only was the rise in October sales the highest in nearly three years ...
US home sales continue to rise
by Kay Murchie
November 20, 2009
Figures published today by the Society of Motor Manufacturers and Traders (SMMT) revealed a fall in UK car production.
Car output declined 6.7% in October compared with a year ago, however, it was the smallest monthly drop this year.
According to the SMMT, there were 106,400 cars made in October and so far this year, 801,169 cars have been produced in the ...
UK car output down 6.7% on year
by Kay Murchie
November 19, 2009
The Office for National Statistics (ONS) has today revealed that the UK's public sector net borrowing rose by a higher than expected £11.4 billion in October.
According to the ONS, the figure was the highest for the month of October since it began gathering data 16 years ago, and takes public sector net borrowing for the financial year to date ...
UK’s public sector borrowing reaches £11.4bn in October
by Kay Murchie
Halloween shoppers boost the High Street in October
by Kay Murchie
Fixed-rate attraction continues to decline
by Gill Montia
November 17, 2009
The Office for National Statistics has today announced that Consumer Price Inflation (CPI) rose for the first time in eight months to 1.5% in October from a 5-year low of 1.1% in September.
The rise was not unexpected after a sharp fall in transport costs last year was not repeated this year and because fuel prices had seen record falls this ...
UK inflation rises to 1.5% in October
by Kay Murchie
November 16, 2009
Figures published by the Commerce Department today have revealed a better-than-expected 1.4% rise in US retail sales for the month of October. Analysts had expected a rise of 0.9%.
The rise follows a revised 1.5% decline in September, and October’s rise was attributed to an increased demand for cars, despite the Government’s ’cash for clunkers’ scheme coming to an end.
Excluding ...
US retail sales up 1.4% in October
by Kay Murchie
November 12, 2009
Australia's economy, which is one of the few not to have fallen into recession like its counterparts throughout the world, created more jobs than expected in October, sending the Australian dollar to a 15-month high.
Employment within the economy rose 24,500 during the month - the second month of growth.
According to Rob Henderson, head of market economics ...
Australian dollar soars to 15-month high amid job news
by Kay Murchie
Mortgage broker loan availability steadies
by Gill Montia
November 11, 2009
There is more good news for the world’s third largest economy today after China's National Bureau of Statistics revealed a surge in industrial output.
Industrial output rose to a 19-month high of 16.1% in October compared with a year earlier, exceeding market forecasts of 15.5%.
Last month, official figures revealed that Chinese GDP growth surged to 8.9% in the July to September ...
Chinese industrial output surges to 19-month high
by Kay Murchie
November 10, 2009
The British Retail Consortium (BRC) has revealed great news for the High Street today after October retail sales surged by an annual rate of 3.8%.
However, the BRC points out that the figures compare with October 2008 when turmoil in the financial markets dented consumer confidence.
The rise was due to Halloween, which fell on a Saturday and many children were on ...
High Street sales rise in October
by Kay Murchie
