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Saturday 13th of March 2010

News Tag: unexpected

March 9, 2010

UK trade deficit unexpectedly widens in January

by Kay Murchie
”UK
The Office for National Statistics (ONS) has today revealed the UK’s trade gap widened unexpectedly in January to a 17-month high. The news disappointed markets and sent the already weak pound falling. Sterling fell 0.4% to €1.10 at mid morning and lost 0.75% against the dollar to fall below the $1.50 mark. Sterling has lost around 24% of its value since ...



February 23, 2010

German business confidence hit by cold weather

by Kay Murchie
German business confidence hit by cold weather
The Munich-based Ifo think tank today announced confidence among German firms has unexpectedly fallen for the first time in 10 months. The Business Climate Index fell from 95.8 in January to 95.2 in February - analysts had expected a rise. The euro dipped after the news but according to Hans-Werner Sinn, the Ifo's president, business sentiment will rise again as the weather ...



December 17, 2009

UK retail sales in unexpected fall in November

by Kay Murchie
”UK
The Office of National Statistics (ONS) has today revealed a fall in UK retail sales for the month of November. There were hopes that November would see early Christmas shoppers flooding the High Street but according to the ONS, sales volumes fell by 0.3% compared with October, less than analysts forecasts of a 0.4% rise. On an annual basis, sales were ...



December 7, 2009

German factory orders see unexpected fall in October

by Kay Murchie
German factory orders see unexpected fall in October
The Economy Ministry in Berlin has today revealed a fall in German factory orders for the month of October. The monthly fall of 2.1% was the first in eight months and came as a surprise after analysts had expected the recent rise in orders to continue. The fall was led by a slump in export demand. Germany is Europe's largest ...



October 27, 2009

US consumer sentiment falls unexpectedly in October

by Kay Murchie
US consumer sentiment falls unexpectedly in October
US consumer confidence took a dive in October after the closely-monitored Consumer Confidence Index from the Conference Board fell to 47.7 from a revised 53.4 in September. It is the second time in two months that the index has fallen and analysts were surprised by the fall after they were expecting the reading to stay the same or to rise slightly. ...



September 29, 2009

US consumers not as hopeful as policymakers as confidence dips

by Kay Murchie
US consumers not as hopeful as policymakers as confidence dips
Despite positive comments from Federal Reserve chairman Ben Bernanke that the US recession is very likely over and President Barack Obama saying the economy is improving, it seems US consumers are not sharing their optimism after confidence fell unexpectedly in September. The closely-monitored Consumer Confidence Index from the Conference Board fell from a revised 54.5 in August to ...



August 18, 2009

Surprise as UK inflation stays the same

by Kay Murchie
Surprise as UK inflation stays the same
It was expected that the Consumer Prices Index (CPI), a key measure of inflation, was to fall in July. However, the CPI has remained the same at 1.8%, just slightly below the Bank of England’s target of 2%. This time last year, CPI hit 5.2% (a 16-year high), driven by high oil and food prices. Meanwhile, another surprise came as the Retail ...



August 7, 2008

US sees unexpected increase in pending home sales

by Kay Murchie
”US
Figures from the National Association of Realtors (NAR) has revealed a surprise rise in the US in agreements to purchase homes in June. The news was a welcome relief said the association, who added that a rise in contract activity was required for a housing recovery. Following an increase in defaults in the sub-prime sector, a slowdown has hit the ...