Tag: expected

UK interest rates remain on hold

UK interest rates remain on hold

The Bank of England’s Monetary Policy Committee (MPC) has today elected to keep UK interest rates on hold at the historically low level of 0.5%, as widely expected. Interest rates have now been at this low level since March 2009 – when the economy was in the midst of recession. Recent figures show the economy [...]

September 8, 2011 | 0 Comments More
ONS: UK retail sales grow just 0.2% in July

ONS: UK retail sales grow just 0.2% in July

The Office for National Statistics (ONS) has today revealed UK retail sales grew by just 0.2% last month – slightly less than the 0.3% expected by analysts. The slight gain was much slower than the 0.8% increase the previous month as households continue to be squeezed by higher inflation, rising unemployment and sluggish wage growth. [...]

August 18, 2011 | 0 Comments More
Japanese economy performs better in Q2

Japanese economy performs better in Q2

Japan’s economy performed better than in expected in the second quarter, suggesting the country is slowly recovering after the earthquake and tsunami, which struck in March. According to the Cabinet Office, the economy contracted by 0.3% in the April to June period – less than the 0.7% expected by analysts. On an annual basis, meanwhile, [...]

August 15, 2011 | 0 Comments More
US economic growth slower in Q2

US economic growth slower in Q2

The Commerce Department has today revealed the world’s largest economy grew by 1.3% on an annual basis in the April to June period. The figure was far short of expectations of a reading of 1.8%. However, today’s reading is the first estimate and could be revised up or down in the coming months. Meanwhile, first [...]

July 29, 2011 | 0 Comments More
US unemployment rate edges up to 9.2%

US unemployment rate edges up to 9.2%

The Bureau of Labor Statistics has today revealed the unemployment rate in the US rose in June to 9.2% from 9.1% in May. According to the Bureau, the number of new jobs created in the world’s largest economy last month represented the lowest in 9 months. The economy created just 18,000 jobs in June – [...]

July 8, 2011 | 0 Comments More
ECB lifts interest rates to 1.5%

ECB lifts interest rates to 1.5%

The European Central Bank (ECB) has today elected to lift interest rates from 1.25% to 1.5% - the second increase since April. The move comes to tame rising inflation in the 17-member euro zone and was widely expected by analysts and more rate rises are on the cards. Inflation in the euro zone currently stands [...]

July 7, 2011 | 0 Comments More
UK interest rates remain on hold

UK interest rates remain on hold

The Bank of England’s Monetary Policy Committee (MPC) has today elected to keep UK interest rates on hold at the historically low level of 0.5%, as widely expected. Interest rates have now been at this low level since March 2009 – when the economy was in the midst of recession. Recent figures show the economy [...]

July 7, 2011 | 0 Comments More
Japan’s retail sales fall in May

Japan’s retail sales fall in May

June 28, 2011 | 0 Comments More
UK trade deficit narrows in April

UK trade deficit narrows in April

The Office for National Statistics (ONS) has today revealed the UK’s trade deficit narrowed more than expected in April – attributed to a sharp fall in consumer goods. According to the ONS, the global goods trade gap narrowed to £7.38 billion in the month from £7.70 billion in March – lower than the £7.55 billion [...]

June 9, 2011 | 0 Comments More
Australia’s jobless rate holds steady at 4.9%

Australia’s jobless rate holds steady at 4.9%

Figures today revealed Australia’s unemployment rate held steady at 4.9% in May. According to the Australian Bureau of Statistics, the economy created just 7,800 jobs last month – far worse than the 25,000 analysts had forecast. However, the number was offset by a rise of 29,800 in part-time employment, which helped maintain the jobless rate. [...]

June 9, 2011 | 0 Comments More
US economy will rebound in second half

US economy will rebound in second half

Chairman of the Federal Reserve, Ben Bernanke, has acknowledged that economic growth has been weaker than expected this year but expects it strengthen in the latter half of the year. His comments came shortly after it was revealed US employment growth weakened in May, with the jobless rate rising. Speaking at the International Monetary Conference [...]

June 8, 2011 | 0 Comments More
UK manufacturing output disappoints in March

UK manufacturing output disappoints in March

The Office for National Statistics (ONS) has today revealed UK manufacturing output grew 0.3% in March on a monthly basis – much less than the 0.8% rise expected by analysts. The figure follows February’s shock fall and analysts had expected output to rebound in March. The fall was attributed to the ongoing maintenance work on [...]

May 12, 2011 | 0 Comments More
Greek public deficit reaches 10.5% of GDP

Greek public deficit reaches 10.5% of GDP

According to statistics agency Eurostat, Greece’s public deficit reached 10.5% of GDP at the end of 2010 – higher than the 9.5% forecast. The Greek finance ministry has previously attributed the larger deficit to a deeper than expected recession, which cut into tax revenues and social security contributions. The figures suggest the country continues to [...]

April 26, 2011 | 0 Comments More
UK public borrowing less than expected in financial year

UK public borrowing less than expected in financial year

The Office for National Statistics (ONS) has today revealed UK public sector borrowing came in lower than expected for the fiscal year. According to the ONS, public sector net borrowing (excluding interventions such as bank bail-outs) was £18.6 billion in March, taking the total for the fiscal year 2010-11 to £141.1 billion – less than [...]

April 21, 2011 | 0 Comments More
Bank of Ireland’s losses less than expected

Bank of Ireland’s losses less than expected

The Bank of Ireland has today reported its losses narrowed - surprising analysts. The country’s biggest lender said net losses for 2010 totalled €609 million (£5.44 million) - analysts had expected at least double due to the problems in Ireland’s banking sector. The bank performed well under recent stress tests and its shares were up [...]

April 14, 2011 | 0 Comments More
German economy continues to drive euro zone recovery

German economy continues to drive euro zone recovery

Germany’s Economy Minister Rainer Bruederle has today said the economy will perform better than expected in 2011. According to the minister, the economy is predicted to grow by 2.6% this year - better than a previous estimate of 2.3% in January. However, growth will ease slightly in 2012, slowing to 1.8%, said Mr Bruederle. The [...]

April 14, 2011 | 0 Comments More
UK manufacturing activity slows in March

UK manufacturing activity slows in March

The Chartered Institute of Purchasing and Supply (CIPS)/Markit manufacturing purchasing managers’ index (PMI) has today revealed UK manufacturing activity slowed more than expected in March. The closely-watched CIPS/Markit manufacturing PMI dropped to 57.1 in March - a five-month low - down from a revised 60.9 in February. The reading was much lower than the 60.5 [...]

April 1, 2011 | 0 Comments More
UK interest rates and QE remain on hold

UK interest rates and QE remain on hold

The Bank of England’s Monetary Policy Committee (MPC) has today elected to keep UK interest rates on hold at the historically low level of 0.5%, as widely expected. Interest rates have now been at this low level since March 2009 - when the economy was in the midst of recession. Recent figures showed the economy [...]

March 10, 2011 | 0 Comments More
German industrial orders plunge in December

German industrial orders plunge in December

The Economy Ministry has reported German industrial orders fell by 3.4% in December on a monthly basis - due to a severe drop in demand for capital goods from non-euro zone countries. The fall partially wiped out November’s rise of 5.2%. However, economists had predicted a sharp fall and Europe’s largest economy continues to lead [...]

February 7, 2011 | 0 Comments More
ONS: UK retail sales hit by big freeze in December

ONS: UK retail sales hit by big freeze in December

The Office for National Statistics (ONS) has today reported UK retail sales were hit by the severe wintry weather in December and rising prices. According to the ONS, retail sales during December were down by 0.8% from the previous month - much worse than expected. It was the worst annual performance for any December since [...]

January 21, 2011 | 0 Comments More