News Tag: record high
June 9, 2011
The US trade deficit narrowed sharply in April, figures showed today, due to a record increase in exports.
According to the Commerce Department, the trade deficit narrowed to $43.7 billion from March’s figure of $46.8 billion – surprising analysts who had expected a rise to $48.7 billion.
Exports rose 1.3% on a monthly basis to a high of $175.6 billion, while imports fell ...
US trade deficit narrows in April
by Kay Mitchell
May 9, 2011
Statistics office Destatis has today revealed German exports rose to a record high in March, driving its trade surplus up.
Exports rose 7.3% in March on a monthly basis to €98.3 billion (£87 billion), while imports also rose to a record high, by 3.1% on a monthly basis, to €79.4 billion.
A statement said: "That was the highest monthly ...
German exports surge to record high in March
by Kay Mitchell
Speculation is mounting again that Portugal may need financial assistance after a rise in bond yields.
Yields on Portuguese 10-year bonds climbed to 8.17% yesterday - a record high after last week’s rise to 8%.
The country’s borrowing costs have risen in recent months – mimicking what happened in Greece and Ireland – just before they were forced to seek emergency aid.
There ...
March 22, 2011
The yuan has risen to an all-time high against the US dollar today - trading in a range from 6.5552 (a record high) to 6.5596 and up from Monday's close of 6.5611.
The currency has now risen about 4.1% since last summer and 0.2% this week alone.
Beijing has been under pressure to let its currency appreciate more quickly ...
China’s yuan hits record high against US dollar
by Kay Mitchell
March 1, 2011
The Chartered Institute of Purchasing and Supply (CIPS)/Markit manufacturing purchasing managers’ index (PMI) has today revealed UK manufacturing activity held its record high in February.
The record level was attributed to higher factory costs, indicating pricing pressures are growing.
The closely-watched CIPS/Markit manufacturing PMI remained at 61.5 in February - which represents the highest reading since records began in 1992 and ...
UK manufacturing activity holds record high in February
by Kay Mitchell
February 22, 2011
The Munich-based Ifo think tank has announced confidence among German firms rose in February to another record high.
The closely-watched Business Climate Index climbed to 111.2 in February, up from 110.3 in January - the ninth consecutive monthly increase and the highest reading for the former West Germany since 1969.
The results confounded analysts expectations since the recent severe wintry weather ...
German business confidence at all time high
by Kay Mitchell
February 16, 2011
A new report has revealed the British High Street is suffering after shop vacancies rose to a record high in 2010.
According to the Local Data Company, the number of vacant shops in Britain increased to 14.5% at the end of last year, up from 12% at the end of 2009 and compares with 5% at the end of 2008.
However, the ...
National shop vacancies rise to record high
by Kay Mitchell
February 9, 2011
The Office for National Statistics (ONS) has today revealed the UK’s trade deficit hit a record high in December - fuelled by a sharp rise in imports of aircraft.
According to the ONS, the goods trade gap widened to £9.247 billion in December from a revised £8.460 billion the previous month.
The December figure represented the biggest deficit since monthly ...
UK trade deficit hits record high in December
by Kay Mitchell
February 1, 2011
The Chartered Institute of Purchasing and Supply (CIPS)/Markit manufacturing purchasing managers’ index (PMI) has today revealed UK manufacturing activity surged at a record pace in January.
The closely-watched CIPS/Markit manufacturing PMI jumped to 62.0 in January from December’s upwardly revised reading of 58.7.
Not only was the reading the highest since records began in 1992, it was well above ...
UK manufacturing activity hits record high in January
by Kay Mitchell
January 12, 2011
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 years ago and confounded ...
UK trade deficit hits record high in November
by Kay Mitchell
December 17, 2010
The Munich-based Ifo think tank today announced confidence among German firms rose in December to a record high.
The Business Climate Index rose to 109.9 in December, up from 109.3 the previous month.
Not only did the reading exceed expectations of 109.4, it represented the seventh consecutive increase.
The closely-watched expectations index also rose to a record level - edging up to ...
German business confidence at all time high
by Kay Mitchell
September 21, 2010
The Office for National Statistics (ONS) has today revealed public sector net borrowing totalled £15.302 billion in August - a record high for the month.
The figure was higher as interest payments on gilts rose because of higher inflation. It was also much higher than the £12.51 billion expected by analysts.
However, despite this, receipts are still rising and the figures indicate ...
August public sector borrowing higher than expected
by Kay Mitchell
June 1, 2010
The European Union’s statistics agency has today announced unemployment in the 16-member euro zone rose to 10.1% in April – the first time it has reached this level since the common currency was introduced in 1999.
The rise in the jobless rate highlights the sluggish recovery within the euro zone.
Eurostat said 15.86 million people were unemployed in the euro ...
Euro zone unemployment rate reaches record high
by Kay Mitchell
May 13, 2010
RealtyTrac has revealed the number of homes being repossessed in the US hit a record high in April.
The real estate data company said banks took control of 92,432 properties last month - a rise of 1% compared with March but a massive 45% increase compared with a year ago.
Meanwhile, there were far fewer new actions against struggling homeowners, said ...
US home repossessions reach record high in April
by Kay Mitchell
March 31, 2010
The European Union’s statistics agency has today announced unemployment in the 16-member euro zone rose to 10% in February - the first time it has reached this level since the common currency was introduced.
The rise in the jobless rate highlights the sluggish recovery within the euro zone. The economic downturn has hit the euro zone particularly hard and the ...
Euro zone unemployment rate reaches record high
by Kay Mitchell
February 25, 2010
Operating profits at British Gas soared by 58% last year to £595 million, compared with £379 million in 2008.
Its parent company Centrica said the figures beat the previous high of £573 million in 2007.
While British Gas announced earlier this month it was reducing its gas prices by 7%, the results will no doubt anger consumers who have been hit by ...
British Gas profits surge record 58%
by Kay Mitchell
February 23, 2010
According to the Korea Automobile Manufacturers Association (KAMA), South Korea's share of the global car market grew to an all-time high of 5.7% in 2009.
The KAMA said South Korea produced a total of 3.513 million vehicles last year - 5.7% of the 61.295 million total worldwide.
As a result, the country retained its ranking as the world's fifth biggest carmaker in terms ...
Car production surges in South Korea
by Kay Mitchell
January 21, 2010
The Office for National Statistics (ONS) has today revealed that the UK’s public sector borrowing hit another record high of £15.7 billion in December.
While the figure was less than the £18.75 billion analysts had expected, it was still the highest December figure on record.
Overall debt now stands at £870 billion - the equivalent of 61.7% of GDP - the ...
UK’s public sector borrowing continues to soar
by Kay Mitchell
December 18, 2009
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’s public sector borrowing continues to soar
by Kay Mitchell
November 9, 2009
A weak US dollar continues to make gold an attractive buy for investors, as well as increasing demand from emerging markets, which is pushing up the price of gold.
Furthermore, gold traditionally rises during the October to December period as the run-up to Christmas and the Indian festival of Diwali pushes up demand.
The precious metal rose to ...
Weak US dollar continues to push up price of gold
by Kay Mitchell
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