Tag: surge

LSL: Rents reach record high in July

LSL: Rents reach record high in July

A survey by LSL Property Services has revealed rents in England and Wales continue to surge, with the average rent hitting a record high last month. July represented the sixth consecutive month that the average rental cost rose. According to LSL, the average rent stands at £705 – an all-time high. However, rental costs vary [...]

August 19, 2011 | 0 Comments More
UK consumer confidence surges in May

UK consumer confidence surges in May

A survey conducted between May 6 and 15 revealed a strong rise in consumer confidence. According to the survey of consumer attitudes, carried out by GfK NOP Social Research, confidence jumped to -21 from April’s two-year low of -31. May’s reading represents the biggest increase since May 1993 and surprised analysts who had expected a [...]

May 27, 2011 | 0 Comments More
NAR reports surge in US homes sales in December

NAR reports surge in US homes sales in December

The National Association of Realtors (NAR) has today revealed sales of previously owned homes in the US rose more than expected in December. The industry body said sales grew 12.3% to a seasonally adjusted annual rate of 5.28 million units - beating forecasts of 4.85 million units. Economists had expected a lower reading due to [...]

January 20, 2011 | 0 Comments More
Borrowing costs surge in Spain and Portugal

Borrowing costs surge in Spain and Portugal

Once again, fears for Portugal and Spain are raised as borrowing costs surge to high levels as Ireland’s debt crisis looks set to spread. Yields on 10-year Portuguese bonds rose to 6.9% - mimicking what happened in Greece and Ireland - just before they were forced to seek emergency aid. Meanwhile, 10-year Spanish bonds surged [...]

November 24, 2010 | 0 Comments More
US retail sales surge in October

US retail sales surge in October

The Commerce Department has revealed US retail sales grew by a better than expected 1.2% last month - this followed an increase of 0.7% in September. The rise, which was the fourth consecutive monthly gain, was fuelled by an increase in car sales. Retail sales figures are closely watched because consumer spending accounts for approximately [...]

November 16, 2010 | 0 Comments More
Market jitters as Ireland debt crisis worsens

Market jitters as Ireland debt crisis worsens

The former “Celtic Tiger” economy is sending jitters throughout the euro zone today after borrowing costs surged to record highs. Rumours of financial aid for the economy increased and come just months after Greece’s debt crisis. However, claims that Ireland will have to turn to the EU rescue fund have been denied but developments are [...]

November 11, 2010 | 0 Comments More
UK trade deficit narrows in June

UK trade deficit narrows in June

The Office for National Statistics (ONS) has today revealed the UK’s trade gap narrowed in June, due to a surge in exports. According to the ONS, exports of goods to non-EU countries were at an all-time high at £10.750 billion, while exports to the rest of the world were the highest in almost two years [...]

August 10, 2010 | 0 Comments More
Turkey’s economic growth soars in Q1

Turkey’s economic growth soars in Q1

The Turkish Statistics Institute (TurkStat) has today revealed the Turkish economy expanded at a rate of 11.7% in the first quarter of 2010 on an annual basis. The figures indicate a strong recovery from a profound recession, which hit the wider global economy. Turkey’s economy emerged from recession in the final quarter of 2009, experiencing [...]

June 30, 2010 | 0 Comments More
India’s inflation rate surges above 10% mark

India’s inflation rate surges above 10% mark

June 14, 2010 | 0 Comments More
Chinese exports surge 50% on year in May

Chinese exports surge 50% on year in May

Chinese exports grew by around 50% in May compared with a year earlier, according to sources, which fuelled a recovery in Asian stocks today. The figure, which is set to exceed expectations of a 32% rise, comes after China overtook Germany as the world’s biggest exporter earlier this year. Germany had held the top spot [...]

June 9, 2010 | 0 Comments More
Japanese economy surges 1.2% in Q1

Japanese economy surges 1.2% in Q1

The Cabinet Office has today announced that the world’s second largest economy expanded by 1.2% between January and March compared with the previous quarter - marking the fourth straight quarter of expansion. The growth was boosted by exports, while on an annual basis, growth was 4.9% - however, analysts had expected growth of between 5.4% [...]

May 20, 2010 | 0 Comments More
South Korean GDP surges ahead in quarter one

South Korean GDP surges ahead in quarter one

South Korea’s economy, which is the third largest in Asia, expanded by 1.8% in the first three months of the year on the back of a strong recovery in manufacturing, exports and spending. Exports grew by 3.4% in the three month period after contracting 1.5%. Meanwhile, manufacturing grew 3.6% in the first quarter after shrinking [...]

April 27, 2010 | 0 Comments More
Taiwan and Thailand’s GDP surges due to demand from China

Taiwan and Thailand’s GDP surges due to demand from China

There was further evidence of Asia leading the global recovery today after Taiwan’s economy grew at an annualised rate of 18% in the final quarter of 2009. The strong performance was fuelled by demand for hi-tech products from top buyer China and other key export markets in the region. Last month, Taiwan exports experienced their [...]

February 22, 2010 | 0 Comments More
India industrial output soars 16.8% on year

India industrial output soars 16.8% on year

Official figures have revealed further evidence of a strong recovery within India’s economy after industrial output surged by 16.8% in December compared with a year earlier - beating analysts expectations. According to analysts, the Government is likely to withdraw its stimulus measures as a result of the strong performance. The country’s central bank has injected [...]

February 14, 2010 | 0 Comments More
Apple profits surge due to high demand

Apple profits surge due to high demand

Apple has benefited from the popularity of iPhones and posted a net profit of $1.67 billion (£1 billion) in the three months to 26 September - a 47% rise compared with a year earlier. The California-based technology giant, which has bucked the trend in the economic downturn, exceeded analysts expectations after sales grew 25% in [...]

October 20, 2009 | 0 Comments More
Consumers urged to shop around as personal loan rates surge

Consumers urged to shop around as personal loan rates surge

Figures from price comparison website, uSwitch.com, has found that lenders are continuing to increase their cost of personal loans with interest rates surging. In the last month alone, personal loans from Black Horse, part of the Lloyds TSB group, have increased by up to nine percentage points, to 36.9%, according to uSwitch. Prior to the [...]

October 6, 2008 | 0 Comments More