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Monday 19th of April 2010

News Tag: caution

April 14, 2010

US retail sales up but Fed issues caution

by Kay Murchie
’US
Data has today revealed a 1.6% surge in US retail sales for March, suggesting that consumers are willing to spend again. In addition, official data revealed that inflation remains subdued with US consumer prices creeping up just 0.1% in March compared with February. On an annual basis, prices were up 2.3% in March compared with a year ago. According to ...



April 13, 2010

UK retail sales continue recovery in March

by Kay Murchie
’UK
The British Retail Consortium (BRC) has today revealed the High Street continued its recovery in March with UK retail sales rising at their fastest rate in almost four years. According to the BRC, the rise was boosted by Easter shopping as consumers stocked up on chocolate, food and drink for the Easter weekend. The BRC said the total value of ...



April 8, 2010

Fed cautious about housing and jobs market

by Kay Murchie
Fed cautious about housing and jobs market
Federal Reserve chairman, Ben Bernanke, issued caution yesterday highlighting the fragile state of the US housing and labour markets. Mr Bernanke of the US central bank said: "We are not out of the woods yet" but did recognise that the economy has emerged from its worst recession in decades. His comments come despite positive data in the last week which has ...



December 29, 2009

Shoppers flood the High Street on Boxing Day

by Kay Murchie
”Shoppers
Shoppers were out looking for bargains on Boxing Day after millions flooded the High Street. Shoppers were queuing from 4am at the Bullring shopping centre in Birmingham, while shoppers queued at Lakeside shopping centre in Essex as early as 5am. Retail analysts said around 12 million people hit the High Street on Saturday - with shoppers up by 20% compared to ...



May 29, 2009

Nationwide: House prices up 1.2% in May

by Kay Murchie
Nationwide: House prices up 1.2% in May
There are further signs of recovery today in the housing market after the Nationwide has reported a rise in prices of 1.2% in May, compared with April. This takes the average price of a home to £154,016. The Nationwide said house prices fell by 0.4% in April but followed a rise of 0.9% in March, making the latest rise the second ...



April 1, 2009

Decline in UK manufacturing slows

by Kay Murchie
”Decline
The UK manufacturing sector is showing some signs of improvement after the CIPS/Markit manufacturing Purchasing Managers' Index rose to 39.1 last month, up from 34.9 in February. Anything below the 50 mark represents a contraction in activity, but the pace of decline last month slowed at a faster rate than economists had predicted by economists. The reading is the highest since the collapse ...