Statistics office Destatis has today revealed German exports and imports fell in July – more than expected. According to Destatis, exports fell by 1.8% in July on a monthly basis compared with a 1.2% drop in June. Economists had forecast a 0.1% fall for the month. The sharp fall in exports will be of grave [...]
Official figures today revealed Japan’s exports fell more than expected last month resulting in the country’s second consecutive month of trade surplus. According to the Ministry of Finance, exports were 3.3% lower on an annual basis in July – the fifth consecutive monthly fall – and lower than forecasts of a 2.4% fall. The figures [...]
Official figures today revealed Japan’s exports recovered last month as the economy starts to rebound from the devastating earthquake and tsunami, which hit on 11 March. Exports rose by 5.4% on a monthly basis but were 1.6% lower on an annual basis – but this represented the slowest fall in four months. Analysts had forecast [...]
The Customs Agency has today reported slower growth in China’s exports, rising by 19.4% in May on an annual basis but much slower than the 29.9% rate in April. The rate was also less than the market forecast of a 21% increase. Meanwhile, imports surged by 28.4% on an annual basis – beating expectations of [...]
Statistics office Destatis has today revealed German exports and imports fell in April, giving a trade surplus of €10.9 billion. According to Destatis, exports fell by 5.5% on a monthly basis to €84.3 billion (£75.6 billion) – much more than analysts had expected and the sharpest decline since January 2009. Meanwhile, imports were 2.5% lower [...]
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 [...]
Last month’s earthquake and tsunami has resulted in a fall in Japan’s trade surplus after exports declined. However, a fall in exports was expected after the twin disasters forced some of Japan’s largest exporters to halt production. According to the Ministry of Finance, exports were 2.2% lower at 5.87 trillion yen on an annual basis [...]
Official figures have today revealed Chinese imports soared by 51% in January compared with a year ago – far exceeding forecasts of a 28% increase. Meanwhile, exports grew 38% in January on an annual basis, according to the customs authorities. Again, this easily beat expectations of a 22.4% rise. The strong rise in imports led [...]
Figures today from the customs authorities revealed Chinese exports surged 17.9% in December to $154.15 billion on an annual basis. However, this was much slower than the 34.9% rise reported in November. Imports, meanwhile, also rose, by 25.6% on a yearly basis to $141.07 billion, narrowing the country’s controversial trade surplus to $13.1 billion in [...]
Germany’s statistics office, Destatis, today revealed exports unexpectedly fell 1.1% in October to €86.8 billion. However, imports picked up pace to €72.6 billion, rising by 0.3% on the month. Export demand helped to bring Germany out of recession in the second quarter of last year – much sooner than many of its counterparts throughout the [...]
Government data has today revealed a further slowdown in Japanese exports in October. Not only were the figures below expectations but they grew at their slowest pace this year, as the strong yen continues to weaken demand for exports and threatens the economic recovery. Exports grew 7.8% in October – way below the 14.3% reported [...]
China’s trade surplus widened lat month – to reach its second highest level this year, official data showed today. The trade surplus grew to $27.1 billion (£17 billion) – far higher than September’s $16.9 billion but just slightly below the $28.7 billion reported in July. Exports and imports grew considerably, with exports up 22.9% on [...]
Germany’s statistics office, Destatis, today revealed exports rose 3% on the month in September to €84.3 billion (£73.09 billion). On an annual basis, exports are up 22.5%. Export demand helped to bring Germany out of recession in the second quarter of last year – much sooner than many of its counterparts throughout the world. The [...]
Government data has today revealed a further slowdown in Japanese exports in September. While the figures exceeded expectations, exports still grew at their slowest pace this year, as the strong yen weakens demand for exports and threatens the economic recovery. Exports rose 14.4% in September to 5.84 trillion yen on an annual basis – well [...]
Germany’s statistics office, Destatis, today revealed exports fell 0.4% in August compared with July to €81.8 billion (£71.7 billion). It was the second consecutive month in which exports dropped and could raise doubts about the strength of the recovery in the euro zone’s largest economy. Export demand helped to bring Germany out of recession in [...]
China’s trade surplus narrowed to $20 billion (£13 billion) last month as imports surged ahead. However, August still represented the third consecutive month in which China’s trade surplus exceeding $20 billion. Imports soared 35.2% on an annual basis – far exceeding the 26.1% expected by analysts. Meanwhile, exports slowed to 34.4% on an annual basis, [...]
M&S Money launches 3% cash ISA
M&S Money has launched an Advantage Cash ISA paying 3 per cent, and which allows transfers in from other ISAs. It can be opened with a minimum deposit of £100 lump sum followed by minimum monthly deposits of £25. The 3% rate is variable, but there is no short-term bonus so the return won’t plummet [...]
Google suspends UK Compare Mortgages site
Google has closed its UK mortgage comparison site which it launched in July last year, after it proved to be less popular than expected. Mortgage comparison sites are designed to allow visitors to compare mortgages quickly and easily without having to visit each lender’s individual site. Google was competing with several well-established comparison sites, including [...]
AA launches ‘black-box’ policy for young drivers
The AA is launching an innovative car insurance policy called Drivesafe which could help younger drivers save up to £850 a year. Younger drivers already pay substantially higher premiums than other motorists and these costs are increasing. A new study by Confused.com suggests insurance costs for younger driver have gone up by 5.7 per cent [...]
ATOL scheme updated to protect online bookers
ATOL, a financial protection scheme managed by the Civil Aviation Authority, is being extended to protect up to six million more holidays a year. The scheme ensures that holiday makers do not lose out financially if a travel company collapses, and that they are not stranded abroad. An increase in the number of holidays booked [...]
Home repossessions lowest for four years
The number of UK homes repossessed fell to 36,200 in 2011, significantly below the Council of Mortgage Lenders’ forecast of 40,000, and lower than 2010 when 37,100 homes were repossessed. With interest rates remaining low and lenders adopting a sympathetic attitude to customers in financial difficulty, repossessions fell to their lowest level since 2007. However, [...]
Monthly pay lasting just 17 days
Workers are running out of money just 17 days after receiving their monthly pay, according to new research by the Halifax bank. This means that the average UK worker spends half the month worrying about money. The study, based on the responses of more than 2,000 adults, found that 10 per cent of workers start [...]
Women disadvantaged by auto-enrolment changes
Government proposals to increase the auto-enrolment threshold to £10,000 could put 1.8 million women at risk of missing out on a pension, the TUC has warned. Under the auto-enrolment scheme, which will be phased in from October, private sector employers will automatically enrol workers between the age of 22 years and the state pension age, [...]
Emergency household repairs company Homeserve is taking longer than expected to get back on track after its operations were suspended last October. The company expected customer numbers to fall by 5% this year but it has increased this estimate to 8% and announced the loss of 200 jobs. It estimates that renewal revenue in 2013 [...]
Sale rumoured for Yorkshire and Clydesdale banks
There is growing speculation that National Australia Bank (NAB) may sell Yorkshire Bank and Clydesdale Bank after the Australian parent company announced a strategic review of the two banks’ operations. The Australian economy is performing well and NAB reported strong profits for the final quarter of 2011 but with the UK economy at a virtual [...]
More women experiencing debt difficulties
Women in Debt, which offers female-focused debt advice, has warned that the number of UK women facing serious debt has grown significantly over recent years. The organisation believes that more women will need advice on solving debt problems in the future because they are building up an unsustainable level of indebtedness. Women in Debt’s director, [...]
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