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Saturday 22nd of January 2011

News Tag: output

January 14, 2011

UK producer prices rise higher than forecast

by Kay Murchie
”UK
The Office for National Statistics (ONS) today revealed producer output prices increased 0.5% in November on the month, after October’s 0.4%. The forecast was for a rise of 0.4% and takes the annual rate to 4.2%. According to RBS economist Ross Walker, it will make “uncomfortable” reading for the Bank of England and will raise concerns about “how fast retail and consumer ...



December 29, 2010

Japanese factory output picks up, deflation worries continue

by Kay Murchie
”Japanese
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 Economy, Trade and Industry, said it ...



December 6, 2010

EEF manufacturing survey reveals caution for 2011

by Kay Murchie
”EEF
A survey by the Engineering Employers' Federation (EEF), the manufacturers' trade body, has revealed manufacturing output continues to operate at record levels, however, they are cautious about next year‘s prospects. The survey revealed a balance of 33% of firms reported an increase in output in the fourth quarter, unchanged from the previous quarter - which represented the highest since records began ...



October 17, 2010

US retail sales grow 0.6% in September

by Kay Murchie
”US
The Commerce Department has revealed US retail sales grew 0.6% in September - this followed an increase of 0.7% in August and exceeded expectations. The rise, which was the third consecutive monthly gain, was fuelled by an increase in car sales. Retail sales figures are closely watched because consumer spending accounts for approximately two-thirds of economic output in the US. Meanwhile, car ...



October 8, 2010

UK producer prices rise higher than forecast

by Kay Murchie
”UK
The Office for National Statistics (ONS) today revealed producer input prices increased 0.7% in September compared with August, pushing the annual rate to 9.5%, from 8.7% the previous month. The figure was much higher than forecasts of a 0.4% monthly rise and an annual rate of 8.6%. Meanwhile, annual output price inflation slowed less than expected to 4.4% in September, from 4.7% ...



June 29, 2010

Japanese unemployment edges higher, output down

by Kay Murchie
Japanese unemployment edges higher, output down
Figures today revealed a surprise rise in Japan's unemployment rate. The Ministry of Internal Affairs and Communications said unemployment edged higher from 5.1% in April to 5.2% in May. Analysts had expected a fall to 5%. However, the availability of jobs in the world’s second largest economy improved. The jobs-to-applicants ratio grew from 0.48 in April to 0.50 in May. In the meantime, figures ...



June 11, 2010

UK manufacturing output sees surprise fall in April

by Kay Murchie
”UK
The Office for National Statistics (ONS) today revealed UK manufacturing output unexpectedly fell in April, raising fears about the strength of the economic recovery. According to the ONS, output fell by 0.4% in April compared with March – far below analysts expectations of a 0.5% rise and follows a rise of 2.2% in March. The fall represented the worse since January ...



April 23, 2010

UK crawls further out of recession with GDP growth of 0.2%

by Gill Montia
UK crawls further out of recession with GDP growth of 0.2%
The UK's recovery from recession was at a snail's pace in the first quarter of 2010, with GDP growing by an estimated 0.2%, or just half analysts' expectations of 0.4%. According to the Office for National Statistics, progress was also half that made in the final quarter of 2009, when output increased by 0.4% once an earlier ...



April 12, 2010

Survey reveals rise in UK business confidence

by Kay Murchie
”Survey
A survey among UK companies has found that confidence has surged to a level not since the summer of 2006. BDO’s Business Trends index, which covered 11,000 companies from a range of industries, rose to 103.2 in March from 99.4 - the highest in almost four years. In addition, the output index grew to 102 in March from 99 - this reading ...



March 15, 2010

US industrial output edges up in February

by Kay Murchie
”US
Figures published by the Federal Reserve today revealed a marginal rise in US industrial production in February. According to the US central bank, industrial output rose by just 0.1% in the month and followed a 0.9% increase in January. However, the small rise was better than the zero percent that analysts had forecast after severe snowstorms swept most of the country during ...



January 14, 2010

UK manufacturers warn recovery will be slow

by Kay Murchie
”UK
Industry body, the EEF, has warned that UK manufacturers believe it will be 2011 before the industry returns to pre-recession levels. It was recently announced that manufacturing output remained flat for a second consecutive month in November. On an annual basis, manufacturing output declined by 5.4%, according to the Office for National Statistics (ONS). The recession-hit sector has been struggling to see a ...



January 8, 2010

Factory prices exceed expectations in December

by Kay Murchie
”Factory
The Office for National Statistics (ONS) has today revealed a rise in factory prices for the month of December. According to the ONS, the prices of goods leaving UK factories grew at a faster pace than expected at 0.5%. The monthly rise takes the annual rate of output price inflation to 3.5% - exceeding forecasts of a 3.1% rise. Meanwhile, input price inflation, ...



November 20, 2009

UK car output down 6.7% on year

by Kay Murchie
”UK
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 ...



September 25, 2009

August car output falls but cars built for UK market reaches 5-year high

by Kay Murchie
”August
The Society of Motor Manufacturers and Traders (SMMT) today announced an annual fall of 31.5% in the number of new cars made in the UK last month. The decline in production was worse than the 17.9% fall seen in July, but this was partly due to car plants having extended shutdowns in August. According to ...



September 8, 2009

NIESR warns of period of stagnation

by Kay Murchie
”NIESR
Influential think tank, the National Institute of Economic and Social Research (NIESR) said today that Gross Domestic Product (GDP) grew 0.2% in the third quarter after a 0.3% fall in the April to June period. The NIESR specialises in estimating GDP prior to the release of figures from the Office for National Statistics. However, while the Institute said the figures reinforced its ...



UK manufacturing output sees rise in July

by Kay Murchie
”UK
The Office for National Statistics has today revealed a rise in UK manufacturing output during July, boosted by a sharp improvement up in car production. Factory output rose by 0.9% in July when compared with the previous month - treble the figure that analysts had forecast and the fastest rate in 18 months. However, output was down by 10.1% compared with a ...



September 1, 2009

China PMI rises to 16-month high in August

by Kay Murchie
”China
The Chinese economy received a boost today after the official purchasing managers' index (PMI) rose to a 16-month high of 54 points in August, up from 53.3 the previous month. August represented the sixth consecutive month that the official PMI figure was above the crucial 50 level - which represents growth and suggests that the economy is back on ...



August 12, 2009

BoE latest quarterly inflation report due today

by Kay Murchie
”BoE
The Bank of England’s Governor, Mervyn King, is to give the latest growth and inflation forecasts for the UK economy later today, with one analyst expecting it to be a “downbeat affair“. Its quarterly Inflation Report will give the latest predictions on both the country's economic output and the rate of inflation. It is also expected that the report will forecast ...



July 21, 2009

Public sector borrowing soars by £13bn in June

by Kay Murchie
”Public
Figures released today by the Office for National Statistics (ONS) have revealed that UK public sector borrowing soared by £13 billion in June, up from £7.5 billion a year ago. This takes the nation's net debt to £798.8 billion - an increase of £157 billion compared with a year earlier. While the figure was lower then expected, it represents the highest ...



July 15, 2009

Bank of Japan keeps interest rates on hold and is optimistic for the future

by Kay Murchie
”Bank
Japan's central bank has voted unanimously to keep interest rates on hold at 0.1%, as widely expected. However, while the Bank was optimistic for the future, it noted the continued weakness in consumer spending, as well as a sharp fall in capital spending by companies. Private consumption, which makes up for over half of the ...