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Monday 10th of January 2011

News Tag: figures

December 9, 2010

Japanese economic growth revised upwards

by Kay Murchie
”Japanese
Official figures have today revealed the Japanese economy grew faster than estimated in the third quarter due to stronger corporate spending. The world’s third largest economy grew by 1.1% in the July to September period, up from the first estimate of 0.9%. On an annual basis, the economy expanded by 4.5% from an earlier estimate of 3.9% and exceeded expectations of a revision to ...



December 8, 2010

German industrial output beats expectations

by Kay Murchie
”German
The good news just keeps on coming for Europe’s largest economy after the Economy Ministry today revealed industrial production rose by 2.9% in October - almost treble the 1% economists had expected. Economists described it as “a good start to the fourth quarter”. The figures indicate that Germany continues to drive the recovery of the euro zone after experiencing record economic growth. Meanwhile, data ...



December 2, 2010

Mortgage products increase but FTBs still struggling

by Kay Murchie
Mortgage products increase but FTBs still struggling
First-time buyers (FTBs) are still struggling to get a foot on the ladder, despite a steep rise in the number of mortgage products available. Mortgage deals for those with a small deposit has doubled, according to Moneyfacts.co.uk, with more than 1,000 mortgages on the market for those with a 20% deposit or less. However, while those with lower deposits have seen an ...



November 17, 2010

US inflation rate raises concerns

by Kay Murchie
US inflation rate raises concerns
The core measure of inflation in the US slowed further last month, posting a 0.6% annual rise - the lowest year-on-year gain on record and way below the Federal Reserve's target of about 2%. Core prices, which exclude food and energy costs, have now remained flat for three consecutive months, the Labor Department said today. Today’s figures will renew fears of deflation in an ...



November 7, 2010

Bankruptcies and insolvencies in decline

by Kay Murchie
”Bankruptcies
Figures published by the Insolvency Service have revealed bankruptcies and personal insolvencies fell in the third quarter but nevertheless remained above pre-credit crunch levels. According to the Insolvency Service, there were 33,935 personal insolvencies in the July to September period - a fall of 3.7% compared with the same period a year earlier. Meanwhile, there were 3,974 firms which went into liquidation - 13.9% ...



July 27, 2010

FSA fines Rock’s former finance director

by Kay Murchie
”FSA
The Financial Services Authority (FSA) has fined David Jones, Northern Rock's former finance director, for the misreporting of mortgage arrears at the bank. The Watchdog has fined Mr Jones £320,000 and banned him from performing any function in relation to any regulated activity. The fine comes after former deputy chief executive, David Baker, and former credit director, Richard Barclay, were fined a total ...



July 16, 2010

ONS issues revised Q1 construction output figures

by Kay Murchie
”ONS
The Office for National Statistics (ONS) has today issued a revised reading of first quarter construction output, which could boost economic growth in the first quarter of the year. According to the ONS, construction output fell by 1.1% in the first three months of the year - lower than the 1.6% fall which the ONS reported on 12 July. It is now ...



July 5, 2010

UK services sector growth slows

by Kay Murchie
”UK
Growth in the UK’s closely-watched service sector slowed in June and hit its lowest level in 10 months. The latest index from the Chartered Institute of Purchasing and Supply (CIPS)/Markit PMI showed a reading of 54.4 in June, down from 55.4 in May. Not only did this represent the lowest level since August last year, it was also weaker than forecasts of a reading ...



July 1, 2010

UK manufacturing activity drops from 15-year high in June

by Kay Murchie
”UK
The CIPS/Markit manufacturing purchasing managers’ index (PMI) has today revealed UK manufacturing activity slowed from its 15-year high in June. The closely-watched CIPS/Markit manufacturing PMI dipped from 58 in May to 57.5 in June. The dip suggests the sector’s recovery may have peaked but it is still above the crucial 50 mark, which represents growth, and was in line with ...



June 15, 2010

UK inflation expected to ease in May

by Kay Murchie
”UK
The Office for National Statistics (ONS) is scheduled to announce the UK inflation rate this morning, with analysts expecting the annual rate to be around 3.5%. Last month, the ONS reported Consumer Price Inflation (CPI) rose to a 17-month high of 3.7% in April - far exceeding the 2% target for the sixth consecutive month. However, analysts say the rate should ease, ...



May 18, 2010

Recession hits personal pension contributions

by Kay Murchie
Recession hits personal pension contributions
Figures published by HM Revenue & Customs (HMRC) revealed the recession had a severe impact on personal pension contributions. According to figures, workers put £1 billion less into their personal pensions last year - the first fall since the mid 1990s and was primarily due to lower employee contributions. Higher unemployment during the period and the squeeze on personal finances was the main ...



March 28, 2010

US Q4 economic growth figures revised downwards

by Kay Murchie
”US
The Commerce Department has revealed that the world’s no.1 economy grew at a slower rate in the fourth quarter than previous estimates showed. According to official figures, the US economy grew by an annualised 5.6% between the October and December period, rather than the 5.9% and the 5.7% previously estimated. For the whole of 2009, GDP fell at an unrevised 2.4% - ...



March 22, 2010

UK inflation expected to ease in February

by Kay Murchie
”UK
The Office for National Statistics (ONS) is scheduled to announce the UK inflation rate tomorrow morning, with analysts expecting the annual rate to be around 3.1%. Last month, the ONS reported Consumer Price Inflation (CPI) rose to a 14-month high of 3.5% in January - a figure that was expected by analysts. The rise was driven by higher petrol costs and the ...



February 18, 2010

UK finances deteriorate further in January

by Kay Murchie
”UK
The Office for National Statistics (ONS) has today revealed that the UK’s public finances deteriorated last month with net borrowing at £4.3 billion. January is traditionally a strong month for tax receipts - due to income and corporation tax, according to the ONS. However, tax income was lower than expected and it is the first borrowing figure for the month of January since ...



February 17, 2010

US housing starts and industrial production rise

by Kay Murchie
US housing starts and industrial production rise
The Commerce Department has today revealed US housing starts increased for the month of January but building permits were down. According to the Commerce Department, construction of new US homes rose 2.8% during the month to a seasonally adjusted annual rate of 591,000 properties. While this represented the highest level in six months, the figures are still far below the ...



February 12, 2010

Italy’s recovery in doubt as economy contracts in Q4

by Kay Murchie
Italy’s recovery in doubt as economy contracts in Q4
The euro zone’s woes appear to be far from over today after the area’s third largest economy, Italy, unexpectedly contracted by 0.2% in the final three months of 2009, causing concern over its economic recovery. The news comes shortly after Germany, which is the euro zone‘s largest economy, said GDP remained flat in the three month period, with growth ...



February 11, 2010

Greece’s woes continue as unemployment rate hits 10.6%

by Kay Murchie
Greece's woes continue as unemployment rate hits 10.6%
Greece’s national statistics service, NSS, has today revealed the country’s unemployment rate rose from 9.8% in October to 10.6% in November. There are now more than half a million people unemployed in the country. The figures come prior to the EU summit meeting in Brussels today, which will see European leaders discuss the issues facing Greece. Greek Prime Minister, George Papandreou, ...



February 5, 2010

Personal insolvency figures soar in fourth quarter

by Kay Murchie
”Personal
Figures from the Insolvency Service today highlighted the impact that the recession has had on many individuals. According to the organisation, the number of people declared insolvent in England and Wales reached a record high in the last three months of 2009. There were 35,574 people declared insolvent in the last three months of the year - a rise of 24.9% on ...



January 26, 2010

Pound falls on disappointing GDP figures

by Kay Murchie
”Pound
The pound fell this morning after quarter four GDP figures were weaker than expected. While official figures showed that the UK has finally emerged from recession in the fourth quarter, the economy only grew 0.1% - an expansion of 0.4% had been expected. The pound fell to $1.614 against the US dollar - a fall of 0.6%, while it declined to 1.146 euros. ...



Figures today to reveal UK’s exit from recession

by Kay Murchie
”Figures
The long-awaited quarter four GDP figures are to be released at 09:30 today with the hopes that the UK has finally emerged from its worst recession in several decades. The UK economy, which has now contracted for six consecutive quarters, has been lagging behind other major economies but it is hoped that the economy exited recession in the fourth ...



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