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30th of December 2010
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News Tag: third

November 23, 2010

Greece set to receive third instalment of rescue loan

by Kay Murchie
Greece set to receive third instalment of rescue loan
The International Monetary Fund (IMF) has today announced that Greece has met the conditions of its loan and will therefore receive the third instalment of its bailout loan. In May, the EU and the IMF agreed to loan €110 billion. The three-year rescue deal comprises €80 billion from the EU, with the rest coming from the IMF. However, the crisis-torn ...




October 13, 2010

Japan core machinery orders in surprise rise

by Kay Murchie
Japan core machinery orders in surprise rise
Japanese core private-sector machinery orders – a highly volatile series seen as an indicator of corporate spending - surged 10.1% in August - confounding expectations of a 4.5% fall. The increase in orders represented the third consecutive monthly rise, according to the Cabinet Office, and follows June’s 1.6% increase and July’s 8.8% growth. The surprise figures boosted shares with Tokyo’s Nikkei ...




September 30, 2010

US Q2 economic growth figures revised upwards

by Kay Murchie
”US
The Commerce Department has today revealed the US economy grew by an annualised 1.7% in the April to June period – slightly higher than the previous estimate of 1.6%. This figure is the third and final estimate for the second quarter and the upward revision was due to a higher rate of consumer spending, which was revised upwards to 2.2% - ...




Japanese industrial output falls for third straight month

by Kay Murchie
Japanese industrial output falls for third straight month
The Ministry of Economy, Trade and Industry has today revealed Japan's industrial output fell for the third month in a row in August, raising further fears about the strength of the economic recovery. Output fell 0.3% in August, way below analysts expectations of a 1.1% rise. The Ministry is forecasting production to fall 0.1% in September and 2.9% in October. The figures ...




September 20, 2010

Asking prices down for 3rd straight month, say Rightmove

by Kay Murchie
Asking prices down for 3rd straight month, say Rightmove
It appears the housing market is headed for a double dip after property website, Rightmove, reported a further fall in asking prices in September. According to Rightmove, asking prices for residential property in England and Wales fell by 1.1% in the 5 weeks to 11 September - the third consecutively monthly fall. It follows falls of 1.7% in August and ...




August 3, 2010

Australia continues to put brakes on rate hikes

by Kay Murchie
”Australia
The Reserve Bank of Australia (RBA) has again elected to leave interest rates on hold at 4.5% after a series of aggressive rate hikes since October. It is the third consecutive month in which rates have been at this level but economists say the central bank will only leave rates on hold for the short-term. Australia was the first economy ...




July 20, 2010

US consumer prices fall further in June

by Kay Murchie
”US
Official data from the Labor Department has today revealed that US consumer prices fell for the third consecutive month in June, by 0.1% on a monthly basis. The fall was attributed to declines in energy prices, which were down 2.9%, food prices remained flat. The fall in June followed declines of 0.1% and 0.2% in April and May respectively. However, last month’s fall ...




July 14, 2010

Euro zone industrial production increases for third straight month

by Kay Murchie
Euro zone industrial production increases for third straight month
Industrial production in the euro zone increased for the third month in a row in May. Industrial output rose by 0.9% from April and was 9.4% higher than in May 2009, according to European Union statistics agency Eurostat. However, the figures missed forecasts of a 1.3% monthly rise and an 11.3% annual gain. "May's euro zone industrial production data ...




July 11, 2010

ONS to issue final estimate of Q1 growth tomorrow

by Kay Murchie
”ONS
The Office for National Statistics (ONS) is tomorrow expected to leave its estimate of GDP in the January to March unchanged at 0.3%. Gross Domestic Product (GDP), a key measure of economic growth, is closely watched by economists as an indication of the health of the economy. The figures were due to be released last month but due to a ...




June 2, 2010

US Pending Home Sales Index rises for third straight month

by Kay Murchie
US Pending Home Sales Index rises for third straight month
The National Association of Realtors (NAR) today said its Pending Home Sales Index rose for the third consecutive month in April boosted by the expiration of a Government tax credit. The NAR said the index rose 6% in April - far exceeding the 4.3% rise which many analysts had predicted. However, the index is 22.4% higher than in ...




March 30, 2010

UK Q4 economic growth figures revised upwards

by Kay Murchie
”UK
The Office for National Statistics (ONS) has today revealed the UK economy grew by 0.4% in the October to December period - slightly higher than the 0.1% and the 0.3% previously estimated. Today’s figures represent the third and final figures for growth in the fourth quarter and the ONS is scheduled release its first estimate of first quarter 2010 growth on ...




March 23, 2010

NAR reports fall in US home sales

by Kay Murchie
NAR reports fall in US home sales
The National Association of Realtors (NAR) has today revealed a further fall in sales of previously owned homes in the US for the month of February. The industry body said sales fell 0.6% in the month to an annual rate of 5.02 million units (an eight-month low), down from 5.05 million the previous month. February’s fall was the third consecutive month ...




March 11, 2010

Greece at standstill again in third general strike

by Kay Murchie
”Greece
Crisis-hit Greece has come to a standstill again today after workers staged the third general strike in as many weeks. The further strike comes after austerity measures to rescue Greece’s debt-stricken economy angered Greek trade unions. Greece is currently taking action to reduce its public deficit from 12% to 8% of GDP this year. The country currently has the highest debt ...




February 24, 2010

US new home sales in third consecutive monthly fall

by Kay Murchie
US new home sales in third consecutive monthly fall
The Commerce Department has today revealed a fall in sales of new homes in the US for the month of January - the third consecutive month that sales have fallen. According to the Commerce Department, new single-family home sales dived by 11.2% to a seasonally adjusted annual rate of 306,000 units - the lowest since records commenced in 1963. The ...




February 5, 2010

John Lewis posts third straight week of growing sales

by Kay Murchie
”John
The John Lewis Partnership, which is seen as a barometer of British retailing, today announced that sales grew 15.6% to £50 million in the week to 30 January compared with the same period a year ago. The renowned employee-owned department store said it was the third consecutive week of increased sales and ended a "cracking" January. According to Managing Director, ...




January 8, 2010

German exports rise 1.6% in November

by Kay Murchie
German exports rise 1.6% in November
Germany, which is Europe’s largest economy, saw exports rise for the third consecutive month in November. Exports, on a seasonally adjusted basis, totalled €70.6 billion (£63 billion) during the month - an increase of 1.6% compared with the previous month. The monthly gain was double economists' forecasts of a 0.8% rise and followed gains of 1.9% in October and 3.% in September. The ...




December 1, 2009

Australia raises interest rates for third consecutive month

by Kay Murchie
”Australia
Australia, which is one of the few developed economies not to have fallen into recession like its counterparts throughout the world, has increased interest rates from 3.5% to 3.75%. It is the third month in a row that interest rates have increased and the move was not unexpected. The Australian economy has benefited from an increase in commodity prices, while ...




October 16, 2009

US industrial production sees third straight monthly gain

by Kay Murchie
US industrial production sees third straight monthly gain
There are signs of recovery within the US manufacturing sector after the Federal Reserve reported a rise in industrial production for the month of September. The US central bank said output at the nation's factories, mines and utilities grew 0.7% during the month - higher than the 0.2% rise expected by analysts and follows the rise of 1.2% in August. However, ...




‘Worst of recession over’ as Google exceeds expectations

by Kay Murchie
”‘Worst
Internet search giant Google believes the worst of the recession is over after it posted a rise in third quarter profits. Google’s results suggest that the demand for online advertising is growing after the company reported net profit of $1.64 billion (£1 billion) during the 3-month period - a 27% increase compared with the same period a year earlier. Meanwhile, the ...




April 6, 2009

Japan announces further stimulus package to tackle recession

by Kay Murchie
”Japan
Japan has today announced a fiscal stimulus plan of 10 trillion yen (£66 billion, $99 billion) in an attempt to drag the country out of recession. The export-dependent economy, which was once seen as relatively unscathed by the global financial crisis, is being hit by a slump in demand for its products overseas. Many economists believe the economy is heading ...