Tag: February

US house prices fall for eighth consecutive month

US house prices fall for eighth consecutive month

The Standard & Poor’s/Case-Shiller composite index of 20 metropolitan areas fell in February – the eighth consecutive monthly decline. According to the index, house prices were 0.2% lower in February on a monthly basis, falling to their lowest level since the 2009 recession. The S&P/Case-Shiller index for 20 main US cities fell by 3.3% on [...]

April 26, 2011 | 0 Comments More
UK unemployment rate falls unexpectedly to 7.8%

UK unemployment rate falls unexpectedly to 7.8%

The Office for National Statistics (ONS) has today revealed UK unemployment fell in the three months to February. The ONS said unemployment fell by 17,000 in the three month period to 2.48 million. The latest figures means the unemployment rate has fallen to 7.8% from 8% in January. In the meantime, the number of Britons [...]

April 13, 2011 | 0 Comments More
UK trade deficit narrows in February

UK trade deficit narrows in February

The Office for National Statistics (ONS) has today revealed the UK’s trade deficit narrowed in February. According to the ONS, the global goods trade gap narrowed to £6.8 billion in the month from £7.8 billion in January. Analysts had expected a widening in the deficit to £8.1 million. Stripping out oil and erratic items, the [...]

April 12, 2011 | 0 Comments More
DCLG: House prices rise 0.3% in February

DCLG: House prices rise 0.3% in February

Official data from the Department for Communities and Local Government (DCLG) today revealed UK house prices rose by 0.3% in February compared with January, with the average UK home costing £204,164. On an annual basis, house prices rose 0.7% - beating expectations for a 0.1% rise. The data from the DCLG is based on mortgage [...]

April 12, 2011 | 0 Comments More
CML: Mortgage lending sees slight rise in February

CML: Mortgage lending sees slight rise in February

The Council of Mortgage Lenders (CML) has today reported mortgage lending increased in February. Mortgage lending rose by 8% in February on a monthly basis but was down 12% on the year. There were 32,300 approvals during the month with first-time buyers making the biggest contribution with 12,400 mortgages worth £1.4 billion. First-time buyers are [...]

April 8, 2011 | 0 Comments More
UK manufacturing output in surprise fall

UK manufacturing output in surprise fall

The Office for National Statistics (ONS) has today revealed UK manufacturing output experienced a shock fall in February after recovering in January following December’s weather related fall. According to the ONS, manufacturing output fell 1.2% on the month - attributed to a sharp drop in oil and gas production. However, analysts believe the fall is [...]

April 6, 2011 | 0 Comments More
Australia posts trade deficit

Australia posts trade deficit

Australia has posted its first trade deficit for 11 months in February after flood and cyclone disasters led to a fall in coal and agricultural exports. The Australian Bureau of Statistics published a deficit of AUS$205 million (£131 million), from a downwardly revised surplus of AUS$1.433 billion the previous month. Analysts were shocked by the [...]

April 5, 2011 | 0 Comments More
Euro zone unemployment rate drops below 10%

Euro zone unemployment rate drops below 10%

The European Union’s statistics agency has today announced the unemployment rate in the 17-member euro zone fell below the 10% mark in February. According to Eurostat, 77,000 fewer people were out of work taking the rate to 9.9%. The jobless rate has been hovering around the 10% mark since last July and hit a record [...]

April 1, 2011 | 0 Comments More
US Pending Home Sales Index up in February

US Pending Home Sales Index up in February

The National Association of Realtors (NAR) has announced its Pending Home Sales Index rose in February after two months of declines. The surprise rise comes after a series of gloomy reports for the US housing market. On a monthly basis, the index rose 2.1% to 90.8, confounding analysts expectations of a fall of 1%. On [...]

March 29, 2011 | 0 Comments More
BoE: Mortgage approvals up in February

BoE: Mortgage approvals up in February

The Bank of England has today revealed mortgage approvals rose in February. According to the Bank, there were 46,967 loans approved in the month, up from January’s 46,152. The level of approvals was broadly in line with analysts forecasts of a level of 46,800. In the meantime, the number of remortgaging loans approved totalled 35,725 [...]

March 29, 2011 | 0 Comments More
US consumer spending up in February

US consumer spending up in February

The Commerce Department has today reported a rise in consumer spending in the US for the month of February - due, in part, to higher food and energy costs. Spending grew 0.7% in the month after a 0.3% increase in January. February’s figure represented the fastest pace for four months but this was attributed to [...]

March 28, 2011 | 0 Comments More
Land Registry reports 0.8% fall in February house prices

Land Registry reports 0.8% fall in February house prices

According to the Land Registry, house prices fell by 0.8% in February compared with January, putting the average cost of a home at £162,215 in England and Wales. However, on an annual basis, the Registry said prices fell by 1.7% in February. It must be noted that the Land Registry compiles its data from completed [...]

March 28, 2011 | 0 Comments More
ONS: UK retail sales fall in February

ONS: UK retail sales fall in February

Retail sales fell last month - by a bigger than expected 0.8% on a monthly basis, the Office for National Statistics (ONS) has reported today. The fall followed a downwardly revised gain of 1.5% in January. Sales growth for January was attributed to heavy discounts and a rush to beat the VAT hike, which came [...]

March 24, 2011 | 0 Comments More
Japan’s trade balance back into a surplus

Japan’s trade balance back into a surplus

The Ministry of Finance has today revealed Japan swung back to a surplus in February. The trade balance came to a surplus of 654.1 billion yen - after having posted the first deficit for 22 months in January. Exports rose 9% in February on an annual basis - beating expectations of a 8.6% rise. The [...]

March 24, 2011 | 0 Comments More
US new home sales fall to record low

US new home sales fall to record low

The Commerce Department has today revealed sales of new homes in the US dived to a record low last month. According to the Commerce Department, new single-family home sales plunged 16.9% to an annual rate of 250,000 units - the lowest since records began in 1963. Analysts had expected a rate of 290,000 units. However, [...]

March 23, 2011 | 0 Comments More
HMRC: House sales rise in February

HMRC: House sales rise in February

HM Revenue & Customs (HMRC) has today revealed a slight rise in the number of homes sold in February in the UK. According to HMRC, 57,000 homes worth at least £40,000 or more were sold in the month – 4,000 more than January‘s levels. The figures come as the British Bankers’ Association (BBA) revealed a [...]

March 23, 2011 | 0 Comments More
BBA: Mortgage approvals up 3% in February

BBA: Mortgage approvals up 3% in February

The British Bankers’ Association (BBA) has today revealed a slight rise in the number of new mortgages approved by the major banks in February. According to the BBA, the number of new mortgages approved in the month stood at 29,923 – marginally better than January’s level of 29,159, albeit lower than economists forecast of 29,350. [...]

March 23, 2011 | 0 Comments More
UK public borrowing higher than forecast in February

UK public borrowing higher than forecast in February

The Office for National Statistics (ONS) has today revealed UK public sector borrowing was higher than expected last month. According to the ONS, public sector borrowing was £11.8 billion in February - the highest for the month of February since records began in 1993. Furthermore, the figure was far higher than the £6.9 billion expected [...]

March 22, 2011 | 0 Comments More
UK inflation surges to 4.4% in February

UK inflation surges to 4.4% in February

The Office for National Statistics (ONS) today announced Consumer Price Inflation (CPI) rose to an annual rate of 4.4% in February – the highest rate since October 2008. The latest figures mean inflation is still way above the target of 2% – where it has been for more than a year and exceeded economists expectations [...]

March 22, 2011 | 0 Comments More
Mortgage lending stuck at low levels

Mortgage lending stuck at low levels

The Council of Mortgage Lenders (CML) has today said mortgage lending continues to hover at low levels as the housing market remains subdued. According to the Council, gross mortgage lending for February totalled £9.5 billion - relatively unchanged from January’s figure. The CML said the housing market remained “stuck in a rut” and is likely [...]

March 18, 2011 | 0 Comments More