Tag: surplus
Australian retail sales recover in April
Australia’s Bureau of Statistics today revealed retail sales recovered in April, hitting a 17-month high. Sales grew 1.1% in April on a monthly basis – the biggest rise since November 2009 and nearly three times more than expected. The figures come just a day after the Bureau revealed the economy contracted in the first quarter [...]
Japan’s trade balance back into a surplus
The Ministry of Finance has today revealed Japan swung back to a surplus in February. The trade balance came to a surplus of 654.1 billion yen – after having posted the first deficit for 22 months in January. Exports rose 9% in February on an annual basis – beating expectations of a 8.6% rise. The [...]
German trade surplus narrows in January
Statistics office Destatis has today revealed German exports unexpectedly fell 1% in January on the month after a 0.5% rise in December. However, on an annual basis, exports were up 24.2%. Germany is the world’s second largest exporter after China and export demand helped to bring Germany out of recession in the second quarter of [...]
UK public sector finances see surplus in January
The Office for National Statistics (ONS) has today revealed UK public sector net borrowing switched to a surplus in January – boosted by a sharp increase in income tax receipts and corporation tax inflows. According to the ONS, public sector net borrowing registered a surplus of £3.735 billion – representing the biggest surplus since July [...]
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 [...]
