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22nd of December 2010
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News Tag: confidence

December 21, 2010

German consumer confidence dips, surprising analysts

by Kay Murchie
”German
Consumer confidence in Germany, which is the euro zone’s largest economy, has fallen after six months of sharp gains, according to the GfK research group. GfK said its consumer climate indicator fell to 5.4 for January from 5.5 in December. The fall from the forward looking indicator, which questioned around 2,000 people, surprised some analysts. Germany was one of the first economies to ...




Consumer confidence remains at low level

by Kay Murchie
”Consumer
A survey showed today consumer confidence remains at low levels with the GfK NOP December consumer confidence index unchanged at -21. While it was marginally better than the -22 expected by analysts, it is two points lower than this time last year. Meanwhile, the survey's "climate for major purchases" index surged ahead by 10 points, but all other components dropped. According to GfK NOP, ...




December 17, 2010

German business confidence at all time high

by Kay Murchie
”German
The Munich-based Ifo think tank today announced confidence among German firms rose in December to a record high. The Business Climate Index rose to 109.9 in December, up from 109.3 the previous month. Not only did the reading exceed expectations of 109.4, it represented the seventh consecutive increase. The closely-watched expectations index also rose to a record level - edging up to ...




November 30, 2010

UK household spending falls first time in 10 years

by Kay Murchie
”UK
The Office For National Statistics (ONS) has today revealed the extent to which the recession has had on UK households after spending fell for the first time in a decade. The data shows how households have been squeezed after spending was £455 in 2009, down from £471 in the previous year - the first fall within the last ten ...




October 26, 2010

US consumer confidence creeps up in October

by Kay Murchie
”US
US consumer confidence edged higher in October to 50.2, from a revised 48.6 in September. The reading from the closely-monitored Consumer Confidence Index from the Conference Board beat expectations of a level of 49.2. However, while the index rose slightly, it remains far away from the 90 points required to show that the world’s largest economy is on solid footing. Since the ...




October 11, 2010

CFO confidence falls to 18-month low

by Kay Murchie
”CFO
Confidence among chief financial officers (CFOs) has fallen to the lowest level in 18 months. According to accountancy group Deloitte, confidence among these executives fell for the third consecutive quarter. More than a third of those surveyed said there is a risk that the economy will fall back into recession. Margaret Ewing, of Deloitte, said: "The financial and capital crisis may seem to ...




October 4, 2010

UK construction activity picks up in September

by Kay Murchie
”UK
The Chartered Institute of Purchasing and Supply(CIPS)/Markit construction PMI index showed activity improved last month, driven by the commercial sector and civil engineering. However, activity in the housebuilding sector dropped - bringing an end to a year-long period of expansion. The index edged higher to 53.8 in September, from 52.1 in August - surprising analysts, who had expected a fall to ...




September 19, 2010

US consumer prices up 0.3% in August

by Kay Murchie
”US
The Labor Department has revealed US consumer prices rose by 0.3% in August - fuelled by a surge in petrol prices. Petrol prices rose by 3.9% in the month, while food prices rose by 0.2% in August, after falling slightly in July. The figures were slightly higher than expected, according to Uri Landesman of investment managers Platinum Partners. "I think the market is ...




September 15, 2010

German analyst and investor confidence falls for fifth consecutive month

by Kay Murchie
German analyst and investor confidence falls for fifth consecutive month
The Zew economic sentiment index has revealed German analyst and investor confidence plunged in September. The index, which measures expectations of economic activity over the next six months, dived 18.3 points to minus 4.3 points in September - representing the fifth consecutive monthly fall. Furthermore, the index fell much further than analysts had expected. The index was based on ...




September 8, 2010

Virgin Money brings new jobs to Scotland

by Kay Murchie
”Virgin
Virgin Money is to bring 200 jobs to Edinburgh, it has been announced today. The financial division of Sir Richard Branson's Virgin Group was granted a banking licence by city watchdog, the Financial Services Authority, earlier this year. The launch of the retail bank later comes at a time when consumers have lost confidence in existing High Street banks following the financial ...




August 23, 2010

Bovis: Consumers hit by spending cuts and tax hikes

by Kay Murchie
Bovis: Consumers hit by spending cuts and tax hikes
Housebuilder Bovis Homes has today claimed the coalition Government’s spending cuts and tax hikes have dented consumer confidence. Its claim comes as the company reported a pre-tax profit of £3.5 million in the first half of 2010, compared with a loss of £8.6 million for the same period last year, Meanwhile, it added it planned to pay a full-year dividend ...




Survey reveals household finances are squeezed

by Kay Murchie
”Survey
A survey of 2,000 households, conducted by market researchers Markit and YouGov, has revealed confidence has been knocked and households are under pressure financially. The reason for the fall in confidence comes as households are fearful of losing their jobs as the coalition Government embarks on massive spending cuts and tax hikes. Approximately 600,000 public sector workers are expected to lose their jobs ...




August 17, 2010

US housing starts up, building permits down

by Kay Murchie
US housing starts up, building permits down
The Commerce Department has today revealed US housing starts recovered in July but building permits fell. According to the Commerce Department, construction of new US homes rose 1.7% to a seasonally adjusted annual rate of 546,000 properties – however, the figure was less than economists had expected. In the meantime, applications for building permits, a barometer of future home construction, fell by ...




German analyst and investor confidence falls for fourth straight month

by Kay Murchie
German analyst and investor confidence falls for fourth straight month
The Zew economic sentiment index has revealed German analyst and investor confidence plunged in August, new data has revealed today. The index, which measures expectations of economic activity over the next six months, fell from 21.2 in July to 14 in August - the lowest level since April last year and the fourth straight month in which the ...




August 11, 2010

UK consumer confidence plunges to 15-month low

by Kay Murchie
”UK
The latest survey from the Nationwide Building Society has revealed a further fall in UK consumer confidence for the month of July. The building society’s consumer confidence index plunged from 63 in June to 56 last month - the lowest level since May 2009, due to the Government’s tough austerity measures. The Nationwide said the survey of 1,000 people was conducted between ...




July 30, 2010

Euro zone unemployment rate flat, inflation moves closer to target

by Kay Murchie
Euro zone unemployment rate flat, inflation moves closer to target
The European Union’s statistics agency has today announced unemployment in the 16-member euro zone remained flat at 10% in June. According to Eurostat, 15.77 million people were unemployed in the euro zone during June. Spain has the highest unemployment within the 16-bloc nation at 20%, while Austria has the lowest, at 3.9%. Meanwhile, in the 27-nation European Union, the ...




July 29, 2010

Euro zone economic sentiment surges in July

by Kay Murchie
Euro zone economic sentiment surges in July
The euro zone received a boost today after a report revealed business and consumer confidence surged to its highest level since March 2008. Confidence in the 16-member nation rose to 101.3 in July, up from a revised 99 in June, according to the European Commission’s economic sentiment index. However, the Commission highlighted that the rise was led by Germany, which experienced a ...




July 23, 2010

German business confidence sees record rise

by Kay Murchie
German business confidence sees record rise
The Munich-based Ifo think tank today announced confidence among German firms has returned. The Business Climate Index jumped to 106.2 points in July from 101.8 the previous month - the strongest rise for 20 years. The reading also exceeded expectations of a fall to 101.5 points. Germany, which is Europe’s largest economy, contracted by a record 5% in 2009 – the first ...




July 14, 2010

UK consumer confidence plunges to lowest level in a year

by Kay Murchie
”UK
The latest survey from the Nationwide Building Society has revealed a further fall in UK consumer confidence for the month of June. The building society’s consumer confidence index plunged from 66 in May to 63 in June - the lowest level for a year, due to ongoing economic uncertainty. However, the Nationwide highlights that the survey was conducted between ...




July 6, 2010

Mortgage fears erode housing market confidence

by Gill Montia
”Mortgage
Concerns over mortgage finance are gnawing away at confidence in the UK housing market, according to Zoopla.co.uk. In a recent survey by the property website, 78% of respondents expected house prices to rise by the end of the year, down from 81% three moths ago. Thirty four per cent of those questioned named a shortage of mortgage finance as the biggest continued threat ...




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